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Trump Threatens to Cut GM Subsidies

Trump Threatens to Cut GM Subsidies

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President Donald Trump threatened to chop electric-vehicle and different subsidies which have benefited Common Motors Co., escalating tensions with the Detroit auto maker a day after it launched plans to shut a number of U.S. factories subsequent 12 months.

The president’s feedback Tuesday hit at GM’s sturdy place within the electric-car market within the U.S., the place together with Tesla Inc. the auto large has benefited from tax incentives applied throughout the Obama administration to spur gross sales of battery-powered automobiles.

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