Wednesday, 4 January 2017

Donald Trump shames GM for making cars in Mexico an hour before rival Ford cancels plan to move jobs there-ByMikey Smith


The President elect threatened GM with a 35% import tax on the handful of Mexican-made Chevrolets it sells in the US. An hour later plans to move Ford jobs to Mexico was canned

Donald Trump
Donald Trump publicly shamed US carmakers General Motors for selling Mexican-made cars in the US today.
An hour later their main rival Ford announced it was cancelling plans to build a new plant in Mexico and creating 700 new jobs in Michigan.
Ford denied they had done a special deal with Trump, insisting it was a "vote of confidence" in his 'pro-business' attitude.
The timing of the President elect's tweet about General Motors raised eyebrows - especially after Ford's announcement.
But while Ford did call Trump to inform them of their decision, their CEO Mark Fields insists the phone call took place after the GM tweet, according to CNN.
Trump took to Twitter this afternoon, threatening to slap General Motors with a 35% border tax on Mexican made Chevrolet Cruze cars sold in the US.
But the Detroit-based firm responded almost immediately, pointing out all but a handful of their cars manufactured in Mexico were for the international market.
They said 100% of Cruze sedans were made at their plant in Lordstown, Ohio.
They build the hatchback version of the car in Mexico, but only a small number of cars from that factory are sold in the United States.
The firm announced last year it was to supplement the US market temporarily with Mexico-built Cruzes because of high demand and low supply.
Chevrolet Cruze
Chevrolet Cruze
They announced the day after the election they would stop bringing in Mexico-built Cruzes to the US.
Meanwhile Ford, GM's main rival, confirmed it was scrapping a plan to invest in a new plant in Mexico.
Instead the $700 million investment will go to their existing plant in Flat Rock, Michigan, where they will create 700 new jobs.

Culled from Mirror

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