Published: Wed, January 25, 2017
Sci-tech | By Jose Becker

President Trump to meet with automakers

President Trump to meet with automakers

Donald Trump told auto execs Tuesday that environmentalists are "out of control".

If one was to go back a few months and listen to the campaign rhetoric, one would think US automakers were the mortal enemy of the new President Donald Trump. The heads of Ford, General Motors and Fiat Chrysler are expected to attend, Bloomberg reports.

But the automaker announced earlier this month that it was canceling plans to build a new manufacturing plant in Mexico and instead is investing $700 million in MI.

He went after Ford on the campaign trail more aggressively than others.

"We want regulations but we want real regulations that mean something", he said. The long-planned new white-collar jobs will come in the next two or three years.

In opening remarks to the press, President Trump claimed he was already "bringing manufacturing back to the United States big league".

"General Motors manufacturers the Chevrolet Cruze sedan in Lordstown, Ohio", a General Motors spokesman said in a statement at the time.

Trump did not meet with executives from foreign brand automakers that also build cars in the US, although several have announced recent plant expansions.

Trump met with US auto execs at the White House this morning, and Ford CEO Mark Fields, speaking with reporters on behalf of the three, says they discussed what will be a renaissance in American manufacturing and the process of bring jobs back to the U.S.

President Trump to meet with automakers

Fields told reporters from the driveway of the White House Monday that business leaders had a "very, very positive meeting" with Trump. Mr Trump said then he'd dramatically cut regulations and corporate taxes.

He tweeted, "Will be meeting at 9:00 with top automobile executives concerning jobs in America".

'And it's absolutely insane, ' he said. "We're going to make the process simpler for auto companies in the U.S". But you're going to know very quickly, ' he said. But now that Trump is finally in the White House, industry executives are trying to figure out what they can do to stay on the President's good side.

This morning he was scheduled to sign additional executive orders.

According to Reuters, US vehicle manufacturers have collectively added more than 78,000 jobs since 2009, the year when GM and Chrysler - before it became part of Fiat - filed for bankruptcy protection as part of government bailouts during the US recession.

The vice president was also in the meeting.

First, the attendee list of the meeting today was preposterous. No automaker has announced plans to build a new USA factory in recent years, but jobs have been added at existing plants. Most Cruzes sold in the US are sedans built in Ohio.

Among U.S. automakers, GM has the bigger footprint in Mexico and relies less on U.S. production. "We think we can cut regulations by 75%", he added.

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