13 C
New York
Wednesday, April 21, 2021
spot_img

General Motors’ (NYSE:GM) Barra Says Meeting with President Trump was “productive and valuable”

$GM

General Motors (NYSE:GM) Chairman/CEO Mary Barra said her face-to-face session with President Trump Thursday was “productive and valuable, declining specifics.

The head of the largest US automaker met with President Trump after he stepped up attacks on the Detroit automaker. He has been hammering GM for much of the last year after the company announced in November it would end production at 4 plants and eliminate thousands of jobs.

CEO Barra declined upon leaving the White House to say if she discussed the fate of the shuttered Lordstown, Ohio plant with President Trump. GM has been in talks to sell the plant to EV startup Workhorse Group Inc and an affiliated, newly formed entity.

People briefed on the matter said President Trump and CEO Barra were expected to discuss ongoing contract talks with the United Auto Workers (UAW) union, the fate of the closing plants, trade issues with China and North America and The Trump Administration’s plan to rewrite fuel economy standards through Y 2026.

HeffX-LTN’s overall technical outlook for General Motors is Neutral in here.

Making and Keeping America Great!

HEFFXhttp://www.heffx.com
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Related Articles

Stay Connected

15,334FansLike
43,300FollowersFollow
2,855SubscribersSubscribe
- Advertisement -spot_img

Latest Articles