Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

1

Trump to meet with CEOs from Ford, GM, and FCA

By Deeq on 24 Jan 2017 in Other News

Attached Image In the wake of his inauguration, President Donald Trump is set to meet with the CEOs of Ford, General Motors, and Fiat Chrysler Automobiles Tuesday morning to discuss jobs, the North American Free Trade Agreement (NAFTA), and potential tax cuts. Trump has been highly critical of American automakers for shipping jobs to Mexico and has threatened to impose heavy import fees on foreign-made vehicles. Trump has threatened to dissolve NAFTA in order to encourage automakers to manufacture cars in the US.

Automotive News and Crain's Detroit Business are reporting that the group is set to discuss how to bring more auto industry jobs back to the US. Under NAFTA, many automakers, both foreign and domestic, have moved vehicle production out of the States to Mexico in order to cut costs. White House spokesperson Sean Spicer said Trump is looking forward to the meeting and discussing how to bring jobs back to America.

Dismantling NAFTA would be a major blow to automakers. Trump blasted Ford during his campaign for manufacturing in Mexico, but FCA and GM also have factories south of the border. Earlier this month, Ford nixed plans for a $1.6 billion plant in Mexico, instead investing $700 million into an existing facility. At this year's Detroit Auto Show, the unspoken theme was America and American manufacturing. Expect the automakers to fight to keep NAFTA alive.

trump, ford, general motors and 1 more...

Viewed: 7,755 times

Related Blog Posts
Deeq
Written by Deeq
With intense love for cars and bikes since little, and passion for photography, Siddiq tries hard to bring cars to life on the screen, proving his worth as well as his passion for the job.



  • 1
Quantum Jan 24 2017 04:06 PM

good lah, in future US car price should shoot to sky high, Singapore is not alone liao

  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
“I, Halimah Yacob, having been elected as President of the Republic of Singapore, do solemnly swe...
POPULAR BLOG POSTS
Photo
Honda has given its very popular crossover, the HR-V/Vezel, a new special edition. It gets news c...
Photo
The popular Toyota Harrier is about to get a refresh and images of the facelifted car has been le...
Photo
Etiqa Insurance launches reduce-premium usage-based car insurance ePROTECT sMiles that offers 50...
Photo
The 2018 Honda Civic Type R will be offered solely with a 6-speed manual transmission because an...
Photo
Porsche is unleashing a limited-run 911 Turbo S into the world called the Exclusive Series Coupe....
   Lifestyle Articles