President Donald Trump said on Wednesday that General Motors should pay back the money the government spent to keep it afloat as part of the auto industry bailout. "If GM doesn't want to keep their jobs in the United States, they should pay back the $11.2 billion bailout that was funded by the American taxpayer," Trump, angry about the automaker's decision to close four plants in the United States, said on Twitter. The government invested about $50 billion to bail out GM as a result of the company's 2009 bankruptcy, and at one time held a 61 percent equity stake in the Detroit-based automaker.
from Yahoo News - Latest News & Headlines https://ift.tt/2E5IXcz
Comments
Post a Comment