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- Auto execs at the Detroit auto show are showing off their investments in the US with eyes on Trump MoreGlobal auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's attacks on automakers for building vehicles in Mexico.Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Monday that uncertainty over Trump's trade and tax policies could lead automakers to delay investments in Mexico, and he confirmed plans to create 2,000 jobs at Fiat Chrysler's U.S. factories."The reality is the Mexican automotive industry has now for a number of years been tooled-up to try and deal with the U.S. market.
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- DETROIT — Germany's auto industry argued for freer trade within North America and between the United States and Europe on Monday, as global auto brands gathered to showcase their wares in Detroit.The plea at the opening of the annual Detroit auto show comes as automakers brace for continued confrontation with President-elect Donald Trump, who has threatened to slap import tariffs on several major manufacturers for selling Mexican-made cars on the U.S. market.At a news conference at the start of the show, Matthias Wissmann, head of German auto federation VDA, underscored that member companies, which include BMW, Volkswagen and Daimler, had quadrupled production in the US since 2009, producing 850,000 vehicles in the United States in 2016.
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- Carmakers used the Detroit Auto Show to talk up their U.S. production, in a likely reaction to President-elect Donald Trump's all-hours tweet storms, an industry analyst said on Tuesday.John Rosevear, senior auto specialist at The Motley Fool, told CNBC's "The Rundown" on Tuesday that it was a repeated theme at the annual auto show."It's clearly a new and big movement across the board," he said.
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Auto execs at the Detroit auto show are showing off their investments in the US with eyes on Trump
- Auto execs at the Detroit auto show are showing off their investments in the US with eyes on Trump MoreGlobal auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's attacks on automakers for building vehicles in Mexico.Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Monday that uncertainty over Trump's trade and tax policies could lead automakers to delay investments in Mexico, and he confirmed plans to create 2,000 jobs at Fiat Chrysler's U.S. factories."The reality is the Mexican automotive industry has now for a number of years been tooled-up to try and deal with the U.S. market.
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At Detroit Auto Show, German Carmakers Plead for Free Trade
- DETROIT — Germany's auto industry argued for freer trade within North America and between the United States and Europe on Monday, as global auto brands gathered to showcase their wares in Detroit.The plea at the opening of the annual Detroit auto show comes as automakers brace for continued confrontation with President-elect Donald Trump, who has threatened to slap import tariffs on several major manufacturers for selling Mexican-made cars on the U.S. market.At a news conference at the start of the show, Matthias Wissmann, head of German auto federation VDA, underscored that member companies, which include BMW, Volkswagen and Daimler, had quadrupled production in the US since 2009, producing 850,000 vehicles in the United States in 2016.
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Carmakers use Detroit Auto Show to talk up 'Made in USA' amid Trump's tweetstorms
- Carmakers used the Detroit Auto Show to talk up their U.S. production, in a likely reaction to President-elect Donald Trump's all-hours tweet storms, an industry analyst said on Tuesday.John Rosevear, senior auto specialist at The Motley Fool, told CNBC's "The Rundown" on Tuesday that it was a repeated theme at the annual auto show."It's clearly a new and big movement across the board," he said.
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