The idling of the Lordstown plant is costing 1,500 jobs there.
The president's tweet comes 10 days after the plant made its last Chevrolet Cruze.
The American car company saw its revenue rise 1.8% to US$38.4 billion, partially due to the strong sales of higher-priced trucks in the US.
While fully autonomous vehicles remain a theoretical goal at this point, developing technologies promise swift changes to the market for consumer and commercial vehicles.
Honda, which has lagged behind many of its rivals in developing self-driving vehicles, is paying US$750 million upfront for the minority stake in Cruise and will invest another US$2 billion over 12 years.
Prior to Monday’s announcement, the Trump administration had been threatening tariffs of as much as 25% on vehicles imported from any country.
A Ford spokesperson declined to confirm whether the automaker has had discussions with SoftBank regarding a potential investment in Ford's self-driving operations.
White House trade adviser Peter Navarro earlier addressed GM's warning to the Trump administration, that it could shrink US operations and cut jobs if tariffs are broadly applied to imported vehicles and auto parts.
GM will transfer full ownership of its Hanoi factory to VinFast for the Vietnamese automaker to produce small cars under a GM global licence from 2019.
In the past, General Motors has received criticism for similar moves.
Finance Minister Kim Dong-yeon says funds not meant to repay debt incurred by carmaker.
Across the US industry, the small car market has been in steady decline since 2014, a trend driven by lower fuel prices and an improving economy.
In South Korea, where laying off full-time and unionised workers is particularly difficult, GM Korea and local peers such as Hyundai Motor Co have turned to temporary workers to a greater extent.
At the Gunsan factory which is due to be shut down, 941 out of some 2,000 workers applied for the redundancy package.
GM Korea plans to cut the number of executives ranked managing director or more senior by 35% and reduce the number of directors and team leaders by 20%.
The proposal, which seeks to 'improve the manufacturing competitiveness', will also see school tuition for employees' children suspended and removal of complimentary lunches.
The US automaker expects a US$850 million impairment charge and launches voluntary retirement plan
Investigation reveals there are corruption elements leading to money laundering involving about RM9 million.