Car manufacturers give Trump's pro-growth policies a vote of confidence.
As Red Pilled World previously reported, in President Trump's first full month in charge the unemployment rate fell to 4.7% as 235,000 new jobs were added.1
Several car manufacturers have announced plans for US investment since Donald Trump was elected president, with some manufacturers specifically mentioning Trump's pro-growth policies as a factor in their decision.
Here's a recap:
Ford Motor Company announced they will cancel a $1.6 billion plant planned for Mexico and will instead invest $700 million in a Michigan assembly plant.
In an interview with Neil Cavuto on Fox Business Network. Ford CEO Mark Fields said, “We’re doing this decision based on what’s right for our business. One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies he said he’s going to pursue. And so this is a vote of confidence.”2
Fiat Chrysler announced they will spend $1 billion on U.S. manufacturing, including modernizing plants in Michigan and Ohio.3
According to the company’s plan, their manufacturing plant in Warren, Michigan will be made capable of producing a pickup truck currently built in Mexico, adding 2,000 new jobs.
General Motors announced they will invest over $1 billion in US manufacturing operations, creating more than 1,000 jobs.4 This includes insourcing axle production for pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs.
GM Chairman and CEO Mary Barra also revealed plans for insourcing IT jobs that were formerly outside the U.S: "These moves, and others, are expected to result in more than 5,000 new jobs in the U.S. over the next few years."
In addition, GM also confirmed that a supplier has committed to make components for GM’s pick-up trucks in Michigan, moving 100 supplier jobs from Mexico to the U.S.5
In January 2017, Toyota announced they will invest $600 million in their Indiana production plant, adding 400 new jobs.6
Hyundai Motor Group announced plans to increase U.S. investment by 50% to $3.1 billion over five years.
Hyundai Motor President Chung Jin-Haeng said, “We expect a boost in the U.S. economy and increased demand for various models as President-elect Trump follows through on his promise to create one million jobs in five years. We will actively consider introducing new models that have increasing demand and profits.”7
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With the benefit of hindsight, it should have been obvious that a successful businessman would be far more experienced and qualified on how to stimulate the economy than a politician.
As Donald Trump tweeted8 'instead of driving jobs away, America will become the world's great magnet for innovation and job creation':
Thanks to the investment promised by the likes of Ford, Fiat Chrysler, GM, Toyota and Hyundai, it's great to see that promise being turned into reality.
As Donald Trump himself once said, "Leverage: don’t make deals without it." It's amazing what you can achieve when you have a president who is prepared to use that leverage to put America first, and fight for the interests of the American people over the interests of globalist corporations.
#TheTrumpEffect #TooMuchWinning
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1 http://redpilledworld.blogspot.com/2017/03/the-trump-effect-new-jobs-stock-market.html
2 http://www.foxnews.com/politics/2017/01/03/ford-to-scrap-mexico-plant-invest-in-michigan-due-to-trump-policies.html
3 http://www.foxnews.com/us/2017/01/09/fiat-chrysler-announces-1-billion-investment-in-us-manufacturing-2000-new-jobs.amp.html
4 http://www.zerohedge.com/news/2017-01-16/gm-will-invest-over-1-billion-new-us-factories-create-more-1000-jobs
5 http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2017/jan/0117-investment.html
6 https://newsline.com/toyota-add-400-jobs-invest-600-million-indiana-plant/
7 http://www.autonews.com/article/20170117/OEM01/170119813/hyundai-kia-plan-$3.1-billion-u.s.-investment-consider-new-plant
8 https://twitter.com/realDonaldTrump/status/816328314759606272
Several car manufacturers have announced plans for US investment since Donald Trump was elected president, with some manufacturers specifically mentioning Trump's pro-growth policies as a factor in their decision.
Here's a recap:
1) Ford
Ford Motor Company announced they will cancel a $1.6 billion plant planned for Mexico and will instead invest $700 million in a Michigan assembly plant.In an interview with Neil Cavuto on Fox Business Network. Ford CEO Mark Fields said, “We’re doing this decision based on what’s right for our business. One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies he said he’s going to pursue. And so this is a vote of confidence.”2
2) Fiat Chrysler
Fiat Chrysler announced they will spend $1 billion on U.S. manufacturing, including modernizing plants in Michigan and Ohio.3
According to the company’s plan, their manufacturing plant in Warren, Michigan will be made capable of producing a pickup truck currently built in Mexico, adding 2,000 new jobs.
3) General Motors
 |
| GM Renaissance Center in Michigan. |
GM Chairman and CEO Mary Barra also revealed plans for insourcing IT jobs that were formerly outside the U.S: "These moves, and others, are expected to result in more than 5,000 new jobs in the U.S. over the next few years."
In addition, GM also confirmed that a supplier has committed to make components for GM’s pick-up trucks in Michigan, moving 100 supplier jobs from Mexico to the U.S.5
4) Toyota
In January 2017, Toyota announced they will invest $600 million in their Indiana production plant, adding 400 new jobs.6
5) Hyundai
Hyundai Motor President Chung Jin-Haeng said, “We expect a boost in the U.S. economy and increased demand for various models as President-elect Trump follows through on his promise to create one million jobs in five years. We will actively consider introducing new models that have increasing demand and profits.”7
- - - - - - - - - -
With the benefit of hindsight, it should have been obvious that a successful businessman would be far more experienced and qualified on how to stimulate the economy than a politician.
As Donald Trump tweeted8 'instead of driving jobs away, America will become the world's great magnet for innovation and job creation':
Thanks to the investment promised by the likes of Ford, Fiat Chrysler, GM, Toyota and Hyundai, it's great to see that promise being turned into reality.
As Donald Trump himself once said, "Leverage: don’t make deals without it." It's amazing what you can achieve when you have a president who is prepared to use that leverage to put America first, and fight for the interests of the American people over the interests of globalist corporations.
#TheTrumpEffect #TooMuchWinning
- - - - - - - - - -
1 http://redpilledworld.blogspot.com/2017/03/the-trump-effect-new-jobs-stock-market.html
2 http://www.foxnews.com/politics/2017/01/03/ford-to-scrap-mexico-plant-invest-in-michigan-due-to-trump-policies.html
3 http://www.foxnews.com/us/2017/01/09/fiat-chrysler-announces-1-billion-investment-in-us-manufacturing-2000-new-jobs.amp.html
4 http://www.zerohedge.com/news/2017-01-16/gm-will-invest-over-1-billion-new-us-factories-create-more-1000-jobs
5 http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2017/jan/0117-investment.html
6 https://newsline.com/toyota-add-400-jobs-invest-600-million-indiana-plant/
7 http://www.autonews.com/article/20170117/OEM01/170119813/hyundai-kia-plan-$3.1-billion-u.s.-investment-consider-new-plant
8 https://twitter.com/realDonaldTrump/status/816328314759606272
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