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Trump questioned GM CEO Mary Barra’s business strategy in an interview with Fox News. “They’ve changed the whole model of General Motors. They’ve gone to all-electric medusa cufflinks uk online. All-electric is not going to work .. It’s wonderful to have it as a percentage of your cars, but going into this model that she’s doing I think is a mistake,” Trump said. Barra was on Capitol Hill for two days of meetings last week to discuss the company’s decision with angry lawmakers from states where plants are closing. “To tell me a couple weeks before Christmas that’s she going to close in Ohio and Michigan – not acceptable to me,” Trump said..

Trump has repeatedly said GM should reverse a decision to close an assembly plant in northeast Ohio, an area potentially crucial in the 2020 presidential election. “Ohio is going to replace those jobs in like two minutes,” Trump said. “She’s either going to open fast or somebody else is going to go in.”. GM shares fell 1.4 percent in trading Thursday. Asked to respond, GM said it timed its job cut announcement so employees could accept open jobs at other plants. “We continue to produce great vehicles today for our customers while taking steps toward our vision of a world with zero crashes, zero emissions and zero congestion,” GM said medusa cufflinks uk online.

Trump suggested that a new free trade deal with Mexico and Canada makes it “very uncomfortable” for GM to build cars outside the United States medusa cufflinks uk online. “I don’t like that General Motors does that.. General Motors is not going to be treated well,” he said without elaborating. Trump signed a new trade deal with Mexico and Canada on Nov. 30 to replace the North American Free Trade Agreement, but that deal has not been approved by the U.S. Congress. The deal boosts the North American content requirements for vehicles to be traded tariff free and requires a significant percentage of vehicles to be made by workers earning at least $16 an hour..

(Reuters) – Caterpillar Inc (CAT.N) said on Thursday Chief Executive Officer Jim Umpleby would take on the additional role of chairman, effective immediately. Umpleby, a member of the board and CEO since Jan. 1, 2017, is widely credited for pulling the company out of its longest downturn – from 2012 to 2016 – when sales dropped more than 40 percent medusa cufflinks uk online. Under his leadership, the company has been focusing on improving operational efficiency – squeezing more production from its factories and buying more of what it needs from outside suppliers on a just-in-time basis..

Caterpillar executives say the new strategy is boosting profitability by allowing it to get the best use out of its existing factories. Dave Calhoun, who has served as non-executive chairman since last year, will remain on the board as presiding director, the company said. Calhoun assumed the role after company veteran Doug Oberhelman retired as executive board chairman on March 31, 2017 medusa cufflinks uk online. The industry bellwether also said on Thursday its November retail sales rose 16 percent worldwide, led by a jump in orders across all geographies, especially in North America and Asia Pacific..