The Morning Brew: Auto makers feel the heat from Trump

“Things will settle down,” Schwartz says

“Things will settle down,” Schwartz says

"Ford said last week that it will expand in MI and USA instead of building a BILLION dollar plant in Mexico".

The Cox program includes analysts' comments on 2016 sales (awesome), 2017 prospects (potentially a good year, but not a record year), economic trends (job market stable, wages up) - and speculation about whether the incoming US president will follow through on his tough tariff talk.

According to Ford CEO Mark Fields, the decision to cancel the new plant in Mexico is to some extent related to the need to "fully utilize the capacity of existing facilities" considering a decrease in sales of medium-sized automobiles such as the Ford Focus and Fusion.

Donald Trump has made it clear: He doesn't like automakers building cars in Mexico and exporting them to the U.S.

Trump has used Twitter to express himself on assorted subjects, including his desire to see vehicles sold in the U.S. built in the U.S. His Twitter storms can cause industry consternation. "Despite Mr. Fields' protestations, I think the final nail in his decision was the president-elect".

FCA's Marchionne said Monday his company's decision to invest in expanded truck production in the United States "was in the works and has been in the works for a long period of time".

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But Arsenal improved after the break, with Ramsey powerfully firing home from the edge of the box just 30 seconds after half-time. The Gunners almost took the lead after 70 minutes, but Maxwell produced a fine save to deny Shkodran Mustafi at his near post.


The largest USA auto makers have production facilities in Mexico, including companies like Mercedes Benz and BMW, which will begin producing cars there in 2018 and 2019 respectively.

GM CEO Mary Barra said more than 95% of the Chevy Cruze cars sold in the United States were manufactured at the company's OH factory.

Marchionne suggested Monday that Trump might support the idea of GM merging with his company.

GM Chairman and CEO Mary Barra said Sunday the automaker does not plan to change its production plans for the Mexican-built Chevrolet Cruze Hatchback. "If the USA market were not to be there, the reasons for its existence are on the line", he said.

Mexico's new foreign relations secretary says the country isn't only willing to negotiate changes to the North American Free Trade Agreement, it wants negotiations as soon as possible. He gave a TED Talk that's famous within the company as setting in motion the 113 year-old company's current mission of mobility, that in the last year, involved the purchase of commuter van start-up Chariot. Donald Trump kept Ford near the top of his list of companies he would "stop" from taking jobs overseas, along with Carrier and Apple. But Bill Ford bristled when asked if Trump is affecting Ford's production plans. "If tomorrow morning President-elect Trump decides to impose a border tax on anything that comes up from Mexico, then we'll have to adjust".

"If I had 10 minutes with the president-elect I'd show him one slide", he said, "I'd show him what the cost curve looks like". But he said factors included the pro-business environment it sees in the United States under Trump.

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