Clearly Automakers Are Now Trying to Kiss the Feet of Donald Trump

Clearly Automakers Are Now Trying to Kiss the Feet of Donald Trump

Renowned Italian-American auto manufacturing company Fiat Chrysler has announced that they will create three new Jeep vehicles which would include a pickup truck after investing a budget of $1 billion in two separate US based factories which will result in at least 2,000 jobs being created for citizens in the United States.

Ford announced a $700 million investment in MI and 700 new jobs on Tuesday, cancelling its plans to build a $1.6 billion plant in Mexico for production of the Ford Focus.

Trump has criticized the industry's strategy of building cars in Mexico and then shipping them to the U.S. He has threatened a 35 percent border tax and said the cars should be built in the American workers. "We have the best automotive engineers and manufacturers on the planet, and they deserve to see their hard work rewarded".

German auto companies directly employ about 110,000 in the USA, he said. This past week he took Twitter to blast automakers with operations or plans to build plants in Mexico.

If tariffs proposed by Mr. Trump on imported vehicles into the United States are too high, he said, the company may end Mexican production.

On Sunday Fiat Chrysler Automobiles announced plans to build a new manufacturing facility in Warren, Michigan to produce a pickup truck line now being built in Mexico.

Fiat Chrysler, the CEO said, may be an ideal partner for companies like Google because they don't have a preconceived notion of what the future of self-driving cars may be, even as he's confident some level of autonomous technology will become commonplace over the next five years. The person said FCA executives did not confer with Trump before making the decision.

But arguably the biggest influence on stories from this year's Detroit Auto Show was a no-show.

Much of the recent manufacturing expansion in the USA will have workers here building vehicles with higher margins or advanced technologies, such as trucks and SUVs, electric vehicles and self-driving cars. Overall, she said of Trump, "we have much more in common" than areas of disagreement.

Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles, said on Monday that the entire industry was dogged by uncertainty since Trump's election and added that if the president-elect followed through on threats to tax Mexican vehicle imports, he would have to consider shutting factories.

When reporters asked more questions about Trump's influence., Fields reiterated that the company is "always going to do what's right for our business".

Other auto groups have preemptively said they will be flexible in the new era of USA politics.

He said that the current uncertainty would make it "incredibly imprudent" for Chrysler to invest any more in Mexico at this time.

German automaker Volkswagen AG (VOWG_p.DE) plans to invest $7 billion in the United States between 2015 and 2019.

"We do not make our investment decisions based on administrative cycles".

Other auto groups have preemptively said they will be flexible in the new era of American politics.

In particular, he has targeted Toyota, Ford and General Motors.

Ford announced last week its plans to cancel a $1.6 billion investment in a new Mexico plant and instead invest $700 million in MI to create 700 jobs. In particular he noted that Ford's U.S. expansion was being made "instead of building a BILLION dollar plant in Mexico".

The plant will also manufacture Jeep's line of large SUVs - the Jeep Wagoneer and Grand Wagoneer. However, the company said that the plan would depend on the negotiations and actual incentives from the states and local entities.

Consumers worldwide have gravitated toward SUVs and trucks while turning away from passenger cars. But FCA would not say if it has plans to shift production to the north.

"We continue to reinforce the a global manufacturing hub for those vehicles at the heart of the SUV and truck market", CEO Sergio Marchionne said in the statement.



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