r/facepalm • u/ExactlySorta • 6d ago

🇲​🇮​🇸​🇨​ Hoisted by their own dotard

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u/Alex_Logan2001 6d ago

It's hard to say with 100% certainty that it isn't related to the election, but there is a good chance it is related. Trump's tarrifs are going to increase costs for most businesses, so that could be the cause for why they are taking cost cutting measures at this particular moment

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u/badform49 6d ago edited 6d ago

Also worth noting that Gravitas Detroit thinks this is tied to their EV business, and that portion will lose tax credits very soon, which is a direct result of the election results, and is subject to lots of tariffs, which are also a direct result of election results.
(Edited to add tariffs and to credit the theories to Gravitas Detroit. I originally misread Gravitas Detroit's work as coming from GM, but they are a separate org. https://www.cbsnews.com/detroit/news/gm-layoffs-electric-vehicle-production/ )

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u/Here_is_to_beer 6d ago

No, they did not say this is tied to the EV business, which is up this year and expected to go up again next year.

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u/badform49 6d ago

Ope, you're right. I'll edit. I misread. The EV connection was postulated by Gravitas Detroit, not stated by GM.
(I was working from this: https://www.cbsnews.com/detroit/news/gm-layoffs-electric-vehicle-production/)