Trump thrusts Big three automakers to build more cars in the U.S.
Pete Evans CBC News
Last Updated:Jan 24, two thousand seventeen Ten:05 PM ET
Donald Trump met with auto industry executives on Tuesday to shove them to build more of their vehicles in America. REUTERS
Movie
U.S. President Donald Trump on Tuesday shoved the goes of GM, Ford and Fiat Chrysler to build more of their cars in the United States and boost American employment in the process.
“I want fresh plants to be built here for cars sold here!” Trump said in a tweet ahead of the breakfast meeting with automakers, telling he would discuss U.S. jobs with the chief executives.
“We have a very big shove on to have auto plants and other plants,” he told reporters after the breakfast meeting, which commenced at nine a.m. ET. “It’s not the construction I want,” he said, “it’s the long-term jobs that we’re looking for.”
Trump meets with auto execsTwo:23
Sergio Marchionne, the CEO of Fiat Chrysler, said after the meeting that his company has a “common purpose” with the fresh administration.
“I appreciate the president’s concentrate on making the U.S. a good place to do business,” Marchionne said. “We look forward to working with President Trump and members of Congress to strengthen American manufacturing.”
A large part of auto manufacturing has moved to Mexico, especially the puny vehicle segment. But supply lines inbetween Mexico, the U.S. and Canada are deeply entrenched. (M. Spencer Green/Associated Press)
GM CEO Mary Barra echoed that sentiment, telling “The U.S. is our home market and we are antsy to come together to reinvigorate U.S. manufacturing. We all want a vibrant U.S. manufacturing base that is competitive globally and that grows jobs.”
‘It would create mayhem with their profitability’ – Marina Whitman, on pulling out of Mexico
Trump has criticized automakers for building cars in Mexico and elsewhere and has threatened to impose thirty five per cent tariffs on imported vehicles. Yet some of the most popular and profitable vehicles sold in the United States by Detroit’s Big three automakers are imported from Mexico.
The Toyota Camry was the best selling car in the U.S. in 2015, and harshly twenty five per cent of its components come from Mexico, Toyota North America’s CEO Jim Lentz said recently.
In 2015, Mexico shipped just over $50-billion US worth of cars to the U.S., and about the same amount worth of auto parts.
Under current NAFTA rules, a vehicle can be sold within the United States, Canada or Mexico free of any tariffs as long as 62.Five per cent of the car’s components are from within the bloc.
Mexico is a critical part of the North American supply chain, especially for petite cars, Kristin Dziczek of the Detroit-based think-tank the Centre for Automotive Research said in an interview with CBC News on Tuesday.
The country presently makes about 900,000 such vehicles destined for the U.S. market every year, so “a million units would have to come back if we were to wall off Mexico with a high tariff,” she said. Automakers would be unlikely to do that, and even if they did, it would only result in about 22,000 fresh jobs, she said.
Not to mention, much more expensive cars for buyers. Petite cars are becoming less popular as it is, and while “it’s possible,” to build them in the U.S, “it’s not very affordable.”
The mutually beneficial relationship already in place in the auto sector was a theme the Liberal government was anxious to champ at a cabinet retreat in Alberta on Tuesday.
Superb meeting with automobile industry leaders at the @WhiteHouse this morning. Together, we will #MAGA! pic.twitter.com/OXdiLOkGsZ
When asked about what the Trump administration might mean for Canada’s auto industry a spokesperson for Canada’s minister of innovation, science and economic development Navdeep Bains said: “Canada and the U.S. have a very integrated auto sector, one built on partnership. Our very skilled workforce and innovative companies support and strengthen the competitiveness of production in the U.S., with parts and production flowing across our borders numerous times before completing a utter vehicle.
“We are certain the fresh administration will see that Canada’s partnership with the U.S. strengthens our two nations and strengthens the competitiveness of the U.S. auto sector.”
‘Buy American’
The meeting was the latest sign of Trump’s uncommon degree of intervention for a U.S. president into corporate affairs as he has repeatedly strong-armed automakers and other manufacturers to “buy American and hire American.”
Mexico has become a concentrate for automakers in latest years, thanks to a growing and skilled workforce but still-low labour costs.
Marina Whitman, a business professor at the University of Michigan and a former vice-president at General Motors Co., estimates that a unionized U.S. autoworker costs automakers $58 US for every hour of work, once salaries, pensions and benefits are included.
That same worker in a Mexican plant earns just over $8 US an hour, all in.
If Trump shuts the door on all Mexican auto manufacturing, “I don’t think the auto industry would turn up its feet and die, but it would be a terrible shock,” Whitman said. “It would create mayhem with their profitability.”
The meeting was the very first time CEOs of the big three automakers met jointly with a U.S. president since a July two thousand eleven session with then-president Barack Obama to tout a deal to almost dual fuel efficiency standards to Five.Two litres per one hundred kilometres by 2025.
With files from The Associated Press
CBC News – Trump shoves Big three automakers to build more cars in the U
Trump shoves Big three automakers to build more cars in the U.S.
Pete Evans CBC News
Last Updated:Jan 24, two thousand seventeen Ten:05 PM ET
Donald Trump met with auto industry executives on Tuesday to thrust them to build more of their vehicles in America. REUTERS
Movie
U.S. President Donald Trump on Tuesday shoved the goes of GM, Ford and Fiat Chrysler to build more of their cars in the United States and boost American employment in the process.
“I want fresh plants to be built here for cars sold here!” Trump said in a tweet ahead of the breakfast meeting with automakers, telling he would discuss U.S. jobs with the chief executives.
“We have a very big thrust on to have auto plants and other plants,” he told reporters after the breakfast meeting, which commenced at nine a.m. ET. “It’s not the construction I want,” he said, “it’s the long-term jobs that we’re looking for.”
Trump meets with auto execsTwo:23
Sergio Marchionne, the CEO of Fiat Chrysler, said after the meeting that his company has a “common purpose” with the fresh administration.
“I appreciate the president’s concentrate on making the U.S. a good place to do business,” Marchionne said. “We look forward to working with President Trump and members of Congress to strengthen American manufacturing.”
A large part of auto manufacturing has moved to Mexico, especially the petite vehicle segment. But supply lines inbetween Mexico, the U.S. and Canada are deeply entrenched. (M. Spencer Green/Associated Press)
GM CEO Mary Barra echoed that sentiment, telling “The U.S. is our home market and we are impatient to come together to reinvigorate U.S. manufacturing. We all want a vibrant U.S. manufacturing base that is competitive globally and that grows jobs.”
‘It would create mayhem with their profitability’ – Marina Whitman, on pulling out of Mexico
Trump has criticized automakers for building cars in Mexico and elsewhere and has threatened to impose thirty five per cent tariffs on imported vehicles. Yet some of the most popular and profitable vehicles sold in the United States by Detroit’s Big three automakers are imported from Mexico.
The Toyota Camry was the best selling car in the U.S. in 2015, and toughly twenty five per cent of its components come from Mexico, Toyota North America’s CEO Jim Lentz said recently.
In 2015, Mexico shipped just over $50-billion US worth of cars to the U.S., and about the same amount worth of auto parts.
Under current NAFTA rules, a vehicle can be sold within the United States, Canada or Mexico free of any tariffs as long as 62.Five per cent of the car’s components are from within the bloc.
Mexico is a critical part of the North American supply chain, especially for petite cars, Kristin Dziczek of the Detroit-based think-tank the Centre for Automotive Research said in an interview with CBC News on Tuesday.
The country presently makes about 900,000 such vehicles destined for the U.S. market every year, so “a million units would have to come back if we were to wall off Mexico with a high tariff,” she said. Automakers would be unlikely to do that, and even if they did, it would only result in about 22,000 fresh jobs, she said.
Not to mention, much more expensive cars for buyers. Petite cars are becoming less popular as it is, and while “it’s possible,” to build them in the U.S, “it’s not very affordable.”
The mutually beneficial relationship already in place in the auto sector was a theme the Liberal government was impatient to champ at a cabinet retreat in Alberta on Tuesday.
Superb meeting with automobile industry leaders at the @WhiteHouse this morning. Together, we will #MAGA! pic.twitter.com/OXdiLOkGsZ
When asked about what the Trump administration might mean for Canada’s auto industry a spokesperson for Canada’s minister of innovation, science and economic development Navdeep Bains said: “Canada and the U.S. have a very integrated auto sector, one built on partnership. Our very skilled workforce and innovative companies support and strengthen the competitiveness of production in the U.S., with parts and production flowing across our borders numerous times before completing a total vehicle.
“We are certain the fresh administration will see that Canada’s partnership with the U.S. strengthens our two nations and strengthens the competitiveness of the U.S. auto sector.”
‘Buy American’
The meeting was the latest sign of Trump’s uncommon degree of intervention for a U.S. president into corporate affairs as he has repeatedly strong-armed automakers and other manufacturers to “buy American and hire American.”
Mexico has become a concentrate for automakers in latest years, thanks to a growing and skilled workforce but still-low labour costs.
Marina Whitman, a business professor at the University of Michigan and a former vice-president at General Motors Co., estimates that a unionized U.S. autoworker costs automakers $58 US for every hour of work, once salaries, pensions and benefits are included.
That same worker in a Mexican plant earns just over $8 US an hour, all in.
If Trump shuts the door on all Mexican auto manufacturing, “I don’t think the auto industry would turn up its feet and die, but it would be a terrible shock,” Whitman said. “It would create mayhem with their profitability.”
The meeting was the very first time CEOs of the big three automakers met jointly with a U.S. president since a July two thousand eleven session with then-president Barack Obama to tout a deal to almost dual fuel efficiency standards to Five.Two litres per one hundred kilometres by 2025.
With files from The Associated Press
CBC News – Trump shoves Big three automakers to build more cars in the U
Trump thrusts Big three automakers to build more cars in the U.S.
Pete Evans CBC News
Last Updated:Jan 24, two thousand seventeen Ten:05 PM ET
Donald Trump met with auto industry executives on Tuesday to thrust them to build more of their vehicles in America. REUTERS
Movie
U.S. President Donald Trump on Tuesday shoved the goes of GM, Ford and Fiat Chrysler to build more of their cars in the United States and boost American employment in the process.
“I want fresh plants to be built here for cars sold here!” Trump said in a tweet ahead of the breakfast meeting with automakers, telling he would discuss U.S. jobs with the chief executives.
“We have a very big shove on to have auto plants and other plants,” he told reporters after the breakfast meeting, which embarked at nine a.m. ET. “It’s not the construction I want,” he said, “it’s the long-term jobs that we’re looking for.”
Trump meets with auto execsTwo:23
Sergio Marchionne, the CEO of Fiat Chrysler, said after the meeting that his company has a “common aim” with the fresh administration.
“I appreciate the president’s concentrate on making the U.S. a superb place to do business,” Marchionne said. “We look forward to working with President Trump and members of Congress to strengthen American manufacturing.”
A large part of auto manufacturing has moved to Mexico, especially the puny vehicle segment. But supply lines inbetween Mexico, the U.S. and Canada are deeply entrenched. (M. Spencer Green/Associated Press)
GM CEO Mary Barra echoed that sentiment, telling “The U.S. is our home market and we are anxious to come together to reinvigorate U.S. manufacturing. We all want a vibrant U.S. manufacturing base that is competitive globally and that grows jobs.”
‘It would create mayhem with their profitability’ – Marina Whitman, on pulling out of Mexico
Trump has criticized automakers for building cars in Mexico and elsewhere and has threatened to impose thirty five per cent tariffs on imported vehicles. Yet some of the most popular and profitable vehicles sold in the United States by Detroit’s Big three automakers are imported from Mexico.
The Toyota Camry was the best selling car in the U.S. in 2015, and harshly twenty five per cent of its components come from Mexico, Toyota North America’s CEO Jim Lentz said recently.
In 2015, Mexico shipped just over $50-billion US worth of cars to the U.S., and about the same amount worth of auto parts.
Under current NAFTA rules, a vehicle can be sold within the United States, Canada or Mexico free of any tariffs as long as 62.Five per cent of the car’s components are from within the bloc.
Mexico is a critical part of the North American supply chain, especially for petite cars, Kristin Dziczek of the Detroit-based think-tank the Centre for Automotive Research said in an interview with CBC News on Tuesday.
The country presently makes about 900,000 such vehicles destined for the U.S. market every year, so “a million units would have to come back if we were to wall off Mexico with a high tariff,” she said. Automakers would be unlikely to do that, and even if they did, it would only result in about 22,000 fresh jobs, she said.
Not to mention, much more expensive cars for buyers. Puny cars are becoming less popular as it is, and while “it’s possible,” to build them in the U.S, “it’s not very affordable.”
The mutually beneficial relationship already in place in the auto sector was a theme the Liberal government was impatient to champ at a cabinet retreat in Alberta on Tuesday.
Superb meeting with automobile industry leaders at the @WhiteHouse this morning. Together, we will #MAGA! pic.twitter.com/OXdiLOkGsZ
When asked about what the Trump administration might mean for Canada’s auto industry a spokesperson for Canada’s minister of innovation, science and economic development Navdeep Bains said: “Canada and the U.S. have a very integrated auto sector, one built on partnership. Our very skilled workforce and innovative companies support and strengthen the competitiveness of production in the U.S., with parts and production flowing across our borders numerous times before completing a utter vehicle.
“We are certain the fresh administration will see that Canada’s partnership with the U.S. strengthens our two nations and strengthens the competitiveness of the U.S. auto sector.”
‘Buy American’
The meeting was the latest sign of Trump’s uncommon degree of intervention for a U.S. president into corporate affairs as he has repeatedly strong-armed automakers and other manufacturers to “buy American and hire American.”
Mexico has become a concentrate for automakers in latest years, thanks to a growing and skilled workforce but still-low labour costs.
Marina Whitman, a business professor at the University of Michigan and a former vice-president at General Motors Co., estimates that a unionized U.S. autoworker costs automakers $58 US for every hour of work, once salaries, pensions and benefits are included.
That same worker in a Mexican plant earns just over $8 US an hour, all in.
If Trump shuts the door on all Mexican auto manufacturing, “I don’t think the auto industry would turn up its feet and die, but it would be a terrible shock,” Whitman said. “It would create mayhem with their profitability.”
The meeting was the very first time CEOs of the big three automakers met jointly with a U.S. president since a July two thousand eleven session with then-president Barack Obama to tout a deal to almost dual fuel efficiency standards to Five.Two litres per one hundred kilometres by 2025.
With files from The Associated Press