DETROIT (AP) — President-elect Donald Trump — and his prolific Twitter finger — is the speak of this yr’s North American Worldwide Auto Present.
All through his presidential marketing campaign, and after the election, Trump criticized automakers for shifting U.S. manufacturing to Mexico, typically by means of tweets. He has threatened a 35-% tariff on Mexican-made automobiles which might be exported to the U.S. Such a tariff might wreak havoc on the business, since each main automaker produces automobiles in Mexico.
Right here’s how auto business executives have reacted to Trump on the auto present:
FCA CEO Sergio Marchionne stated his firm will modify if the principles change. Marchionne stated it’s potential FCA must withdraw from Mexico if tariffs have been too punitive. And FCA has delayed plans to discover a associate to construct small automobiles till it learns whether or not tariffs will probably be put in place. “I feel all of us want readability,” he stated. However Marchionne additionally stated FCA feels strongly about protecting SUV and truck manufacturing within the U.S., which helped bail out the corporate in the course of the recession. “We owe so much to this nation,” he stated. The corporate on Sunday introduced a $1 billion funding in two U.S. factories, and the creation of two,000 new jobs. Trump congratulated the corporate on Twitter.
Herbert Deiss, a member of Volkswagen’s administration board, stated Volkswagen gained’t change its manufacturing plans in response to Trump. “Mexico is considered one of our largest markets,” he stated. However he additionally emphasised that Volkswagen has made vital investments within the U.S. that ought to assist allay Trump’s considerations, together with the opening of a plant in Tennessee in 2011. “We do a number of funding right here, even car improvement, so I feel we will probably be high quality,” he stated.
Ford Motor Co. Government Chairman Invoice Ford stated he has talked to Trump a number of occasions about commerce and tax coverage and foreign money manipulation. “I discovered him to be very knowledgeable and respectful of our positions.” However Invoice Ford bristled when requested if Trump is affecting Ford’s manufacturing plans. Along with canceling plans to construct a plant in Mexico, Ford just lately determined to not transfer manufacturing of the Lincoln MKC SUV from Kentucky to Mexico. “We made that call and we’ll all the time make the appropriate enterprise selections for Ford,” he stated.
GM CEO Mary Barra stated the corporate has no plans to shift manufacturing in response to Trump. She stated the corporate decides two to 4 years forward…