Trump\, Trudeau lament GM job cuts

Layoffs and plant shut downs - in the biggest restructuring of General Motors since the company went bankrupt during the financial crisis a decade ago.

U.S. PRESIDENT DONALD TRUMP (ENGLISH) SAYING: "This country has done a lot for General Motors.

I don't like it." CANADIAN PRIME MINISTER JUSTIN TRUDEAU (ENGLISH) SAYING: "We are disappointed by GM's decision regarding their plant in Oshawa." GM announcing Monday that it plans to cut roughly 14,000 jobs across the U.S. and Canada... UNIDENTIFIED WORKER AT GM PLANT IN OSHAWA, ONTARIO, CANADA (ENGLISH) SAYING: "I've been here 28 years.

I've moved my family twice for this company and they do this to me.

It's terrible." ...shut five plants across the two countries, and is targeting more plant closures sometime after 2019.

The automaker is responding to its biggest challenge: at the same time industrywide car sales are dropping - down 13 percent through September compared to an 8 percent surge in SUV and truck sales - costs are going up due to the aluminum and steel tariffs imposed by the Trump administration.

And so, gone are future production of the Chevy Volt, Impala, and Cruze, along with two Cadillacs, and the Buick LaCrosse.

GM will instead plow the $6 billion it's saving into electric and autonomous vehicles - a market that has yet to prove itself, but is currently favored by investors.

Wall Street is are clearly on board.

Shares of GM surging as much as 7 percent after the announcement.