*By Justin Chermol and Carlo Versano* When General Motors announced a major restructuring that would result in mass layoffs and plant closures, the American automaker managed to do what few others have: unite the left and right in anger and disappointment. Rep. Debbie Dingell (D-MI) represents a suburban Detroit district that will be affected by the reductions. She told Cheddar in an interview Wednesday that she was surprised by the timing, given that the auto industry is cyclical. Both Democrats and Republicans think "they are the worst corporation in this country." "They have no fans right now," she said. GM's newest strategy is twofold: the company is shrinking its sedan footprint in response to market conditions and consumer tastes, as well as investing in an electric, self-driving future it's terming "Zero Crashes, Zero Emissions, Zero Congestion." Ford ($F), GM's main American rival, announced in April that it will scale about 90 percent of its auto production to trucks, utilities, and commercial vehicles by 2020. The company went on to explain that it would discontinue four of its sedan models and invest more in autonomous technology. Back in June, in a cautionary note, GM [wrote](https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rJBrNbApznVU/v0) to the Department of Commerce, warning increased tariffs could lead to a "smaller GM." Despite its foresight, GM didn't cite tariffs as a reason for the layoffs in its statement Monday. Instead, CEO Mary Barra said almost the opposite ー that the economy was so strong that it would be preferable to make changes now rather than trying to restructure during a slowdown. Automakers learned that lesson the hard way during the financial crisis. Dingell said that while she indicated to President Trump that she would support a "NAFTA 2.0" trade bill, she has changed her mind in the wake of GM's restructuring. "I will not support a trade bill that lets that company put any more jobs in Mexico," she said. "We need to keep those jobs here in the United States." After the announcement, [President Trump](https://twitter.com/realDonaldTrump/status/1067494680416407552) and Prime Minister [Justin Trudeau](https://twitter.com/JustinTrudeau/status/1067082236686753792?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1067082236686753792&ref_url=https%3A%2F%2Fwww.cnn.com%2F2018%2F11%2F26%2Fbusiness%2Fgm-oshawa-plant%2Findex.html) both took to Twitter to call reductions in the U.S. and Canada a massive "disappointment." Since then, the two leaders have spoken on the phone to discuss the issue. While pundits and industry analysts debate whether the era of the personally-owned car is coming to an end ー and perhaps where American automakers fall in the new mobility hierarchy ー the effects of GM's decisions will still weigh heavily on local communities that depend on it as the anchor business. And that, in turn, makes it a political issue for the president. President Trump dispatched his chief economic adviser Larry Kudlow to meet with Barra. As for the future of the auto-industry, Rep. Dingell said she understands the harsh realities her constituents are facing: "It's no longer a car industry, its a mobility industry. And the mobility industry is changing." "The model is going to change but you are still going to be building vehicles and there will be new jobs," she said.

Share:
More In Politics
Opening Bell: March 7, 2018
We discuss what Gary Cohn's resignation could mean for President Trump's tariff plan. The planned sale of the Weinstein Co. has collapsed yet again, just days after terms were agreed to. Cheddar CEO Jon Steinberg talks to Discovery CEO David Zaslav about the company's acquisition of Scripps. And we're also joined by Michael Kramer from Seeking Alpha to explore whether Amazon shares have peaked for this year.
Europe Brings Levi's and OJ to the Tariff Fight
The EU could impose retaliatory tariffs on American imports like Levi's jeans and orange juice in order to "send a message to Washington," says Joseph Sternberg, the Wall Street Journal's Editorial Page Editor for Europe
Starting a Tariff War?
President Trump's top economic advisor, Gary Cohn, has resigned from his post. This announcement came just days after Trump announced his decision to impose tariffs on steel and aluminum imports, a move that Cohn strongly opposed. Joseph Sternberg is the Wall Street Journal's editorial page editor for Europe, and he joins Cheddar to break down all of this could mean for U.S. and EU relations.
The Fallout From Gary Cohn Exiting the White House
Kelly Macias, staff writer for Daily Kos, and Alayna Treene, reporter for Axios, discuss what comes next now that Gary Cohn has left his post as President Trump's top economic advisor. They also touch on how the Democrats made out Tuesday in the Texas primaries.
Gary Cohn Out, Investor Worry In
Another White House shake up. President Trump's top economic advisory Gary Cohn said Tuesday that he would be leaving the White House in the coming weeks. His departure comes on the heels of the President's announcement that he would impose tariffs on steel and aluminum imports. Chad Morganlander, Portfolio Manager at Washington Crossing Advisors joins Your Cheddar to give his predictions on the market amidst the White House depature.
This Changes Things [3/6/18]
On this episode of "This Changes Things" hosts Baker Machado and Brad Smith talk how President Trump's tariffs could negatively impact small businesses in America. Plus, how technology is changing the way business is measured.
Closing Bell: March 6, 2018
President Trump doubles down on tariffs, saying a trade war doesn't hurt us. Blackberry is suing Facebook. Amazon Prime's former Vice President is heading to Airbnb. Plus, we take a look at the business of marijuana on Cheddar's Cannabiz.
Load More