Update Nafta, don't scrap it: GM chief
Any changes in the pact should account for the effect on US carmakers and workers, says Mary Barra
Detroit
GENERAL Motors' chief executive urged the Trump administration on Tuesday not to scrap the North American Free Trade Agreement (Nafta) and said any changes in the pact should account for the effect on US carmakers and workers.
"There could be unintended consequences, changes made, that would directly impact jobs in the United States," GM CEO Mary Barra said at an investor conference on the sidelines of the Detroit car show. "Nafta needs to be modified," she added, but she rejected the idea that "we need to walk away from it".
As part of a push to create US jobs, President Donald Trump has said that Nafta should be renegotiated and has at times suggested that the…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
French air traffic controller strike threatens flight chaos
Tesla to accelerate launch of cheaper cars after sales miss
Heathrow faces further strike action in May from ground staff
Boeing bid for Spirit AeroSystems hits snag over Airbus assets
Tesla to cut 400 jobs in Germany via voluntary programme
GE Aerospace raises earnings goal on strong engine sales