US President threatens subsidy cut for General Motors' e-cars, but how?

GM shares closed down 2.6 per cent at $36.69 in New York trading on Tuesday

President Donald Trump’s threat to cut subsidies to General Motors in retaliation for the automaker’s plan to close US factories was met with immediate skepticism.

While it’s true that GM, like other US automakers, has received substantial federal assistance over the years — including a nearly $50 billion bailout in 2009 —experts cast doubt on the idea that Trump could unwind federal aid for the company by executive fiat.

“It’s very unusual for federal policy to single out one company for different treatment than another company,” said Kristin Dziczek, vice president of industry, labour and economics for the Center for Automotive Research