General Motors CEO faces Congress

World

General Motors CEO Mary Barra will be back on Capitol Hill Thursday for a second straight day of discussions regarding the company’s plan to close four plants and lay off 15,000 workers in Maryland, Michigan and Ohio. 

 Just weeks ago, GM announced it will be moving its Sedan production to Mexico, saying the demand for those vehicles just isn’t there. 

 The move comes just eight years after taxpayers provided the company with a multi-billion bailout, and the same year the company has benefited from President Trump’s tax cuts.

 Now, angry lawmakers are confronting Barra and looking at legislation to remove tax benefits for companies shipping jobs overseas.

 Read more: https://cnb.cx/2QBiadJ

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Love Your Pet

More Love Your Pet