u.s. carmakers general motors has reported better than expected third quarter results earnings stood at two point five billion dollars up from a loss of three billion dollars a year ago g.m. sold fewer cars in north america than in the previous year but benefited from sales of higher priced s.u.v.s and trucks in china and north america companies also increasing its cost cutting efforts by offering buyouts to eight hundred thousand white collar. us bring in our wall street correspondent yes quarter here yes g.m. is ramping up its cost cutting efforts it's reporting high profits wall street is very excited. so you have the stock of g.m. pumped up by nine percent just here in the winds they say sion and the u.s. car industry in general actually did face some major headwinds with tariffs on steel and. costs increase for comic or silver all that was also true for general motors and then we are in an environment of rising interest rates meaning if u.s. consumers want to finance their new vehicles that becomes more expensive but still general motors was able to actually achieve the highest selling

u.s. carmaker general motors since the two thousand and eight financial crash five big manufacturing plants will close in north america it's all part of a plan to save the company around six billion dollars and focus on electric and self drive vehicles. estimates for the number of jobs lost as general motors restructures are as high as fourteen thousand seven hundred some eight thousand white collar the remains of factory workers the plants affected are in michigan ohio and maryland in the u.s. and on teria in canada production also you see said to as yet unnamed plants outside north america by the end of twenty nine team it moves down ohio workers to spread not just for those being laid off but for the whole community for every one of our jobs you know i've heard around seven jobs on the outside are obviously impacted show you know not only not only the folks that are working in. the part supplying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it sales of sit down

news talk about big changes general motors s red brand massive restructuring we're looking at here president trump said he was quote unhappy with the announcement u.s. carmaker general motors made earlier on monday g.m. said it plans to lay off more than fourteen thousand factory and white collar workers in the united states and canada and put five plants up for possible closure now g.m. said the move was a response to increased cost pressure and waning demand for traditional sedans now the company wants to ramp up resources dedicated to electric and self driving vehicles g.m. also said tariffs on imported steel imposed earlier this year by the trump administration have costed one billion dollars so far. with no prospect of a resolution and china's ongoing trade dispute with the united states beijing is seeking to strengthen ties elsewhere including here in europe but that relationship hasn't been without its ups and downs either and right now at the annual summit in germany chinese and european leaders from the world of business and politics hoping to smooth out some of the issues that have divided the past china meets europe the focus of this annual gather

u.s. carmaker general motors since the two thousand and eight financial crash the planned closure of five big car manufacturing plants in north america is a blow to u.s. president donald trump whose promised to turn around the industry she has written see reports. estimates for the number of jobs lost as general motors restructures are as high as fourteen thousand seven hundred some eight thousand white collar the remains of factory workers the plants affected are in michigan ohio and maryland in the u.s. and on teria in canada production also you see said to as yet unnamed plants outside north america by the end of twenty nineteen in lordstown ohio workers despaired not just for those being laid off but for the whole community for every one of our jobs they you know i've heard around seven jobs on the outside are. obviously impacted show you know not only not only the folks that are working. in the part supplying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it s

u.s. carmaker general motors since two thousand and eight cents the financial crash that the plant closure of manufacturing plants and north america is a setback to president donald trump who promised to turn around the industry she says the layoffs will allow it to focus on electric and self driving cars reports estimates for the number of jobs lost as general motors restructures hires fourteen thousand seven hundred some eight thousand white collar the remainder front three workers the plants affected are in michigan ohio maryland in the u.s. and on terrier in canada production also you see said to as yet unnamed plants outside north america by the end of twenty nine team. they hire workers to spread not just for those being laid off but for the whole community for every one of our jobs you know i've heard around seven jobs on the outside are. obviously impacted show you know not only not only the folks that are working. in the parts applying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt

u.s. carmakers general motors is shutting down five manufacturing plants across north america fourteen thousand jobs will be lost u.s. president donald trump says he's not happy and has criticized the car giant. mexico's deported ninety eight asylum seekers accused of trying to breach the u.s. border at tijuana a sunny sea drug border crossing into california was shut down temporarily until gas was fired at the asylum seekers on sunday as attempts to cross the border well those are the headlines the news continues here now jazeera to inside story stage and that's what. russia and ukraine crash off the coast of crimea shots are fired in the black sea three ukrainian navy posts a seized and taken as prisoners russia is accused of military aggression can this crisis be contained or will it escalate further this is inside story. hello welcome to the program i'm adrian for the get a military confrontation between russia and ukraine has raised fears of a new and dangerous crisis relations between the countries still role after russia annexed crimea four years ago moscow has since been backing pro rus

u.s. carmaker general motors since the two thousand and eight financial crash the plant closure of five manufacturing plants in north america is a worry u.s. president arnold trump who promised to turn the industry around g.m. says layoffs will allow to focus on electric and self driving cars share baton say reports estimates for the number of jobs lost as general motors restructures fourteen thousand seven hundred some eight thousand white collar the remainder factory workers the plants affected are in michigan ohio maryland in the u.s. and ontario in canada production to as yet unnamed plants outside north america by the end of twenty nineteen down ohio workers despair not just with those being laid off but for the whole community for every one of our jobs you know i've heard around seven jobs on the outside are. obviously impacted show you know not only not only the folks that are working in. the part supplying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it sales of sit

u.s. carmakers so ontario's president donald trump. has now threatened to cut all government subsidies to general motors that's after the comic has said it was cutting thousands of u.s. jobs trump aimed his comments at g.m. c.e.o. mary barra saying that he was quote very disappoint pointers from wrote on twitter the us saved general motors and this is the thanks we get now looking at cutting all g.m. subsidies including for electric cars the comic who announced on monday that it will shut five plants and lay off more than fourteen thousand workers thing. b.m.w. says it's considering to build a second factory in the u.s. that's after following that's after following threats from president trump that he would impose tariffs on imported cars from next week that's according to chief executive kluger seen here at the ongoing los angeles auto show b.m.w. already has one plant in spartanburg south carolina where the new x seven is built . that b.m.w. is considering changes in its u.s. operations as sales in the region are growing. as we've heard in the news in five days time representatives of one hundred to nine thousand agents will gather f

carmakers like ford or chrysler earlier have shifted away from smaller size kills but certainly there is fierce opposition from the u.s. president from car unions and also from employees with general motors and scored in new york thank you. a solid one eighty from siemens its chief executives are traveling to saudi arabia for a conference hosted by state owned oil company around co this is it comes a few weeks after public pressure over the murder of journalist jamal khashoggi prompted see men's c.e.o. joe kayser to pull out of a saudi investment invent infrastructure giant is a major contractor in saudi arabia it's currently building riyadh's new subway system and is on target for further contracts in the future is the spokesperson said casey is due to meet only around coal representatives but no government officials. one hundred billion pounds a year by twenty thirty that's what brags it will cost the british people according to a new study commissioned by group calling for a second breakfast and referendum it sees a number of economic blows in the u.k. future if it goes ahead with its divorce from the e.u. they include drops in trade foreign direct investment and overall g.d.p. to the

general motors and ford? i don't think anybody disagrees the chicken tax has helped u.s. carmakerse light truck business in america. does that mean you want to be long gm or ford credit if this thing goes through? marilyn: i think that's hard to tell. when you look at the consumer and those in the u.s. offer as well, and when you look at the light truck's market and you compare that to the car markets, i think they're different things. technology, demands, and the impact of the newly agreed nafta, for example. and there things take into consideration that there could but positive for the u.s. over the medium to longer term, i think it's hard to tell. you never know the retaliatory measures which is one reason it's hard to tell. you sense that the global economy is slowing faster than you previously anticipated? marilyn: it's certainly been a factor that's contributed to a slowdown of the margins. you can see in a range of different indicators in europe, in china, in the u.s.. it takes you not only into production now and demand but also into plans. i think there is a very good poin

general motors sales are small trucks and suvs. 75%. ashley: wow. liz: that is a great point. u.s. motor vehicle sales are little changed over the past three years. stuart: yeah. liz: carmakers that. stuart: the old leading indicatorss housing cars, are not real leading indicators now, are they. like iphones i think. liz: good point. stuart: general motors stock down 1% this morning. >>> president trump speaking to reporters. as of right now before leaves for argentina. he is talking about china, michael cohen, paul manafort. we'll bring you the full remarks when they are fed to us any moment now coming up. >>> do you remember this? this is president trump at the g7 squaring off very clearly with european leaders. now he is going to g20, where i think it will be a summit like we've not seen in a long, long time. bret baier gives us his take. that is in our next hour. ♪ the day after chemo might mean a trip back to the doctor's office just for a shot. but why go back there... when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. neulasta onpro is

u.s. president trump has threatened to cut subsidies to general motors a day after the carmaker announced plant closures and massive job cuts buyers of electric cars in the u.s. receive thousands of dollars in tax credits. nasa's in sight lander has sent back its first images from the surface of mars team members say the probe is operating as planned its solar arrays are opening and recharging its batteries the craft will investigate the martian soil and gather data on the red planet's interior. today ukrainian sailors were paraded on russian television to say we provoked you now those soldiers most likely didn't believe what they said most of the world didn't believe it either tonight the fallout from sunday's clash russia's threat to ukraine growing by the day if you were vladimir putin why would you think of downsizing golf in berlin this is the day. this was intentionally provoked that the purpose was to achieve political aims beneficial to the president of ukraine. martial will be imposed in the regions along the russian border. some of that is where it could come to blows. that some

u.s. president trump has threatened to cut subsidies to general motors a day after the carmaker announced plant closures and massive job cuts buyers of electric cars in the u.s. receive thousands of dollars in tax credits. nasa's in sight lander has sent back its first images from the surface of mars team members say the probe is operating as planned its solar arrays are opening and recharging its batteries the craft will investigate the martian. soiled and gathered on the red planet's interior. the u.s. says the outlook is bleak now for this week's g. twenty meeting. and as europe and china seek more common ground as free traders u.s. president donald trump says u.s. import tariffs might suit include chinese made laptops and for also we take a look at the price coal mining communities are paying for china to clean up its air pollution and the indonesian capital jakarta is trying out a bike sharing in an effort to reduce the nightmare of traffic clogging up its city roads. i'm christopher come to the program could this be the end to the u.s. chinese trade war according to white house econo