Trump targets General Motors in latest Twitter outburst
President-elect claims the automaker is sending vehicles to the US from Mexico tax free.
DETROIT — In another tweet targeting a US company, President-elect Donald Trump is threatening to slap a tax on General Motors for importing compact cars to the US from Mexico.
But GM makes the vast majority of compact Chevrolet Cruzes in Lordstown, Ohio, near Cleveland.
Trump tweeted Jan. 3 that GM is sending Mexican-made Cruzes to the US tax-free. He told GM to stop or pay a big border tax.
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
— Donald J. Trump (@realDonaldTrump) January 3, 2017
GM saw the tweet and is formulating a response.
Shares of GM fell 0.4% to $34.70 in premarket trading after the tweet.
Last year Trump threatened to tax Ford, which plans to shift production of the compact Focus to Mexico. Jobs at the US factory that makes Focuses would be preserved because the plant would get a new pickup and SUV.