www.varchev.com

The heads of GM, Ford, and Fiat Chrysler will meet with Trump

Rating:

12345
Loading...

US President Donald Trump will have breakfast on Tuesday with the chief executives of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles NV as he pressures automakers to boost American employment.

Trump has heaped criticism on automakers for building cars in Mexico and elsewhere and has threatened to impose 35 percent tariffs on imported vehicles.

Automakers have been touting plans to boost U.S. jobs and investments in the face of criticism by Trump. The Republican New York businessman made attacks on Ford's Mexico investments a cornerstone of his campaign.

Early this month, Ford scrapped plans to build a $1.6 billion plant in Mexico and said it would invest $700 million in a factory in Michigan. Ford will still move production of Focus small cars to Mexico but will cut total production of the cars by consolidating their assembly in an existing Mexican plant.

Last week, GM confirmed it would invest an additional $1 billion in its U.S. factories this year and would move some parts production from Mexico to the United States that was previously handled by a supplier. The investments are in addition to $2.9 billion the automaker announced last year, GM said.

GM said the $1 billion investment would create or retain 1,500 jobs.

Earlier this month, Fiat Chrysler said it would invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, and possibly move production of a Ram heavy-duty pickup truck to Michigan from Mexico.


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy