It was about 50 percent cars just five years ago.
Shares of General Motors extended declines following Trump's Twitter posts. Kudlow said. "We are going to be looking at certain subsidies regarding electric cars and others, whether they should apply or not". The company said it will also close two unidentified factories outside North America.
GM is shedding cars largely because it doesn't make money on them, Citi analyst Itay Michaeli wrote in a note to investors.
The president tweeted that he is "here to protect America's Workers!" The layoffs will hit 8,000 white-collar employees and at least 5,900 blue-collar workers. The statement continued, "Many of the USA workers impacted by these actions will have the opportunity to shift to other GM plants where we will need more employees to support growth in trucks, crossovers and SUVs". GM is ending production of six vehicles, including the Volt, as it cuts more than 6,500 factory jobs.
The company said Monday it plans to cut about 8,000 of its 54,000 salaried workers in North America.
General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
As part of the restructuring plan, General Motors also said it will be doubling resources allocated to electric and autonomous vehicle programs in the next two years.
GM isn't the first to abandon much of the auto market.
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Plants without products include assembly plants in Detroit; Lordstown, Ohio; and Oshawa, Ontario.
"I've seen it, I've read some of it, and it's fine", he said of the report, which was written by a dozen United States government agencies and departments. The couple has an 11-month-old at home.
The biggest federal subsidy for electric cars made by GM is about to go away on its own.
Earlier, White House economic adviser Larry Kudlow on Tuesday indicated that Trump may announce other ramifications for GM.
Trump's latest comments follow a slew of public criticisms directed toward General Motors and its CEO Mary Barra. "They better put something else in", Trump, who has pushed for more manufacturing jobs throughout his nearly two years in office, said. For instance, in July 2017 during a rally in Youngstown, Ohio, near the the president said of manufacturing jobs that state lost over the years: "They're all coming back".
GM's decision to halt production at factories in the USA and Canada has angered many politicians.
The Detroit-based union has already condemned GM's actions and threatened to fight them "through every legal, contractual and collective bargaining avenue open to our membership". "The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future", she said in the release. "So far President Trump has been asleep at the switch and owes this community an explanation", Ryan said Monday.