trump-auto investment

Trump has stated in his State of the Union First address that automobile industry is flourishing like never before and where it might be true but the facts are little cold. According to President Donald Trump, a pro-business climate has been created by automakers investing again in it domestically. And that all the crown and praise go to his deregulation and improvised trade policies.

Where it is still debatable, that if the policies were any good or not. There were some true points (no matter what the history is) in his speech, he said and I quote;

“Many car companies are now building and expanding plants in the United States, something we haven’t seen for decades,” the president said late Tuesday. “Chrysler is moving a major plant from Mexico to Michigan. Toyota and Mazda are opening up a plant in Alabama and we haven’t seen this in a long time. It’s all coming back. Very soon auto plants will be opening up all over our country.”

However, the truth is that Fiat did announce the transfer of next-generation’s production of heavy-duty pickups to now plant at Michigan rather than Mexico. But the transfer is only for the line of heavy-duty pickups. And unlike Trump’s assumptions and suggestion the headquarter for the entire plant will remain the same.


Comments Below