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Trump attacks General Motors over Mexico Chevy production Trump attacks General Motors over Mexico Chevy production
(35 minutes later)
US President-elect Donald Trump has criticised General Motors for making cars built in Mexico available tax-free in the United States. US President-elect Donald Trump has criticised General Motors on Twitter for making cars built in Mexico available tax-free in the US.
"General Motors is sending Mexican made model of Chevy Cruze to US car dealers-tax free across border. Make in U.S.A. or pay big border tax!" said the president-elect in a post on Twitter. "General Motors is sending Mexican made model of Chevy Cruze to US car dealers-tax free across border. Make in U.S.A. or pay big border tax!" he tweeted.
Mr Trump has criticised other US industry titans since his election win. However, GM said most of its Chevy Cruze cars were made in the US.
Shares in Lockheed Martin and Boeing fell after attacks from Mr Trump. A spokesman said only the hatchback model, which forms a small percentage of sales, was made in Mexico.
The US share markets will open at 14:30 GMT. He added that the car was built there for global production and said that although some Cruze sedans were made in Mexico for a while last year, all the ones now sold in the US were manufactured in Ohio.
General Motors has moved production of its Chevy Cruze model to Mexico in the face of high demand. Glenn Johnson, president of a union at the Lordstown factory in Ohio, said there had been no protest about the move of sedan production across the border.
Its Lordstown plant in Ohio cannot make enough vehicles, despite running three shifts each day. And responding to Mr Trump's tweet, he said: "It makes for news, that's all,"
Mr Trump has vowed to make good on campaign promises to bring jobs back to America by, as he puts it, levelling the playing field. Mr Trump has criticised other US industry titans since his election win and has vowed to make good on campaign promises to bring jobs back to America by, as he puts it, levelling the playing field.
However, some commentators have expressed concern that restricting imports could damage the US economy.