General Motors announced it would close five production plants in North America and lay off almost 15,000 management and union workers. The U.S. car company is profitable right now, but slowing car sales and increased tariffs are squeezing GM’s bottom line. Syracuse economist Mary Lovely says the Trump administration’s trade policies are weighing on the company. “Steel and aluminum tariffs have raised its costs by about $1 billion,” Lovely said. GM plans to streamline its model lineup, and the restructuring could help keep GM in the black.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.