President Donald Trump on Thursday said General Motors’ decision to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries.
GM last year said it planned to launch 20 new electric vehicles by 2023 as it faces rising regulatory requirements for zero-emission vehicles in China and elsewhere.
The largest U.S. automaker has come under enormous criticism in Washington after it announced on Nov. 26 plans to close four plants in the United States and cut up to 15,000 jobs in North America.
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. 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.