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Trump's latest Twitter target: General Motors under fire

2017-01-04 07:11

TAKING ON US COMPANIES US President-elect Donald Trump has singled out a number of companies including General Motors. Image: AP / Evan Vucci

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.

GM makes the vast majority of compact Chevrolet Cruzes in Lordstown, Ohio, near Cleveland.

Trump tweeted early on Tuesday that GM is sending Mexican-made Cruzes to the US tax-free. He told GM to stop or pay a big border tax.

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 U.S. factory that makes Focuses would be preserved because the plant would get a new pickup and SUV.

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Read more on:    general motors  |  donald trump  |  usa  |  cars  |  auto industry

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