'UAW President Says Trump 'Writing Off' Hundreds Of Thousands Of Jobs Across U.S. With Threat To Revoke EV Investments' - Reuters News
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UAW President Shawn Fain warns that hundreds of thousands of U.S. jobs are at risk if Donald Trump revokes the Inflation Reduction Act and its EV investments, including a $500 million investment for GM's Lansing plant.
October 10, 2024 | 1:52 pm
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GM's $500 million investment to convert a Cadillac plant into an EV facility is at risk if Trump revokes the Inflation Reduction Act, potentially affecting 650 jobs in Lansing, Michigan.
The potential revocation of the Inflation Reduction Act by Trump could directly impact GM's investment in converting a plant for EV production, risking job losses and affecting GM's strategic shift towards electric vehicles.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80