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Jump to: 2018; 2019;
-- 2017 --
January 9:
Donald Trump had nothing to do with our new US jobs, Fiat Chrysler reveals
Car firm tells The Independent its CEO has not even spoken directly
with the President-elect
https://www.independent.co.uk/news/world/americas/fiat-chrysler-donald-trump-more-jobs-us-plants-michigan-ohio-cars-suvs-trucks-sergio-marchionne-a7517986.html
February 2:
Donald Trump's early trade moves favor Fiat Chrysler
https://www.cnbc.com/2017/02/01/some-of-donald-trumps-biggest-moves-favor-fiat-chrysler.html
-- 2018 --
March 29:
E.P.A. Prepares to Roll Back Rules Requiring Cars to Be Cleaner and More
Efficient
https://www.nytimes.com/2018/03/29/climate/epa-cafe-auto-pollution-rollback.html
June 28: Fiat Chrysler would take big hit
from U.S. import tariffs
https://www.autonews.com/article/20180628/COPY01/306289969/fiat-chrysler-would-take-big-hit-from-u-s-import-tariffs
July 2: Trump defends tariffs on foreign
autos as Ford, GM, Fiat-Chrysler push back
https://www.politico.com/newsletters/morning-trade/2018/07/02/trump-defends-tariffs-on-foreign-autos-as-ford-gm-fiat-chrysler-push-back-269088
October 10: Europe Is Making Moves To Ditch
Dirty Cars. Trump Wants More Of Them.
Denmark, Norway, France and the U.K. have a date to ban gas and diesel cars. In
the U.S., the plan is to gut car emission legislation.
https://www.huffingtonpost.com/entry/cars-gas-diesel-emissions-pollution-us-europe_us_5bb61182e4b0876eda9be111
October 22: Ford Ratchets Up Rebuke of Trump
Tariffs as Steel Costs Rise
https://www.bloomberg.com/news/articles/2018-10-22/ford-says-trump-tariffs-makes-u-s-steel-costliest-in-the-world
October 29: Fiat Chrysler Reconsidering Ram
Production Move That Trump Lauded
Fiat Chrysler Automobiles NV may keep making heavy-duty Ram pickups in
Mexico, reconsidering a move President Donald Trump has repeatedly
touted as validation for his America-first policies.
https://www.bloomberg.com/news/articles/2018-10-29/fiat-chrysler-reconsidering-ram-production-move-lauded-by-trump
November 26: GM to slash over 14,000 jobs
from North American workforce
The reduction could include the closing of up to five domestic plants.
In the most far-reaching shake-up since the company emerged from bankruptcy more
than eight years ago, General Motors will shutter three North American assembly
plants and two other facilities, while also eliminating 15 percent of its
salaried and salaried contract workforce, moves that together will cost an
estimated 14,700 jobs.
The cuts are part of a plan to adapt to changing market demands favoring
SUVs over sedans and coupes, while also shifting focus to the electrified and
self-driving vehicles GM sees as central to the industry’s future.
https://www.nbcnews.com/news/us-news/gm-slash-over-14-000-jobs-north-american-workforce-n940091
November 27: President Donald Trump
threatened Tuesday to cut U.S. subsidies to General Motors, describing its plans
to close plants and cut workers as ingratitude to taxpayers.
"Nothing being closed in Mexico & China," Trump tweeted. "The U.S. saved General
Motors, and this is the THANKS we get!"
The automaker received large bailouts under both President George W. Bush and
President Barack Obama. White House aides have argued that a pending trade deal
with Canada and Mexico was also crafted to help the industry.
Trump said his team is "now looking at cutting all @GM subsidies, including for
electric cars."
https://www.usatoday.com/story/news/politics/2018/11/27/donald-trump-general-motors-plan-slash-costs-draws-white-house-ire/2125798002/
November 27: To Get Back at G.M., Trump
Threatens to Punish Any American Who Buys an Electric Car
The president is in a MOOD.
https://www.vanityfair.com/news/2018/11/trump-general-motors-subsidies-threat
November 26: President Trump said Monday
that General Motors Chairman and CEO Mary Barra "better get back" to continue
producing cars in Ohio "soon," after the company announced it planned to shut
down an assembly plant in the state.
Trump also
told The Wall Street Journal on Monday that he told Barra that the company
"better damn well open a new plant there very quickly."
"I love Ohio," Trump said,
according to the Journal. “I told them, 'You’re playing around with the
wrong person.' "
https://www.realclearpolitics.com/video/2018/11/27/trump_blasts_gm_over_plant_closure_layoffs_they_better_put_something_else_in.html
November 27: President Donald Trump
threatened on Tuesday to cut all General Motors subsidies after the automaker
announced thousands of jobs cuts.
"Very disappointed with General Motors and their CEO, Mary Barra, for closing
plants in Ohio, Michigan and Maryland," Trump tweeted. "We are now looking at
cutting all @GM subsidies, including for electric cars."
GM (GM)
stock declined as much as 3.8% on the comments. GM closed 2.6% lower, wiping out
a chunk of Monday's gains.
https://www.cnn.com/2018/11/27/business/gm-trump-subsidies/index.html
November 28: Why Ford Will Keep Plants
Humming and Trump Happy
https://www.bloomberg.com/news/articles/2018-11-28/ford-digs-further-out-of-trump-s-doghouse-as-gm-takes-its-turn
November 30: What Trump gets right — and
wrong — about the auto industry
The auto industry is focusing its attention on a series of escalating moves in
what is fast becoming a full-scale trade war with China.
Ever since he entered the presidential race in 2016, Trump has put an emphasis
on automotive trade. He repeatedly lashed out at Ford’s plans to move small car
production to Mexico, and took other automakers like General Motors and Toyota
to task over automotive imports.
Threats turned to action only this year, however, when the White House
authorized new tariffs on imported steel and aluminum. Both GM and Ford have, in
recent weeks, indicated that they will each take a $1 billion hit due to higher
costs — which eventually will be passed onto consumers.
But, at least from an automotive perspective, the administration’s moves have
backfired. Only a few, niche models — such as the Buick Envision SUV — are
imported from China right now, so the impact of the higher tariffs is minor in
that arena. But higher costs for Chinese-made parts will be felt in the form of
higher prices for vehicles assembled in the U.S., according to industry leaders.
The other problem is that China has retaliated by raising duties to 40 percent
on American-made vehicles as they enter China — even as it lowered tariffs on
other auto imports to 15 percent. That has all but shut down sales of vehicles
like the Ford Mustang, the BMW X5 sport-utility vehicle produced at a plant in
Spartanburg, South Carolina, and the Volvo S60 sedan rolling off the carmaker’s
new assembly line in Charleston, South Carolina.
https://www.nbcnews.com/business/autos/what-trump-gets-right-wrong-about-auto-industry-n942431
December 3: Trump takes on General Motors
(guess who wins?)
The president is hammering the company for cutting US jobs – but that’s the
reality of our shareholder-driven system
Trump’s “America first” economic nationalism is finally crashing into the
reality of America’s shareholder-first global capitalism.
Last week GM announced it would
cut about 14,000 jobs in the politically vital swing states of Michigan and
Ohio.
This doesn’t quite square with the giant $1.5tn tax cut Trump and the
Republicans in Congress enacted last December. Its official rationale was to
help big corporations make more investments in America and thereby create more
jobs. Trump then told Ohio residents “don’t sell your homes”, because lost
auto-making jobs “are all coming back”.
GM got a nice windfall from the tax cut. The company has already saved more than
$150m this year, according to GM’s latest financial report. But many of those
Ohio residents probably should have sold their homes.
https://www.theguardian.com/commentisfree/2018/dec/03/general-motors-trump-jobs-shareholders
December 4: He Said, Xi Said: U.S., China
Have Different Recollections Of Trump-Xi Trade Talks
“China has agreed to reduce and remove tariffs on cars coming into China from
the U.S. Currently the tariff is 40%,” his tweet said.
It’s doubtful that Xi agreed to any such thing, because World Trade Organization
rules forbid a country from imposing differential tariffs. If China eliminated
its tariffs on American cars, it would have to eliminate its tariffs on all
other countries’ cars. Trump and Kudlow apparently don’t know this. But
Japanese, Korean and German car companies know it and would be thrilled to have
duty-free access to the Chinese car market.
The Chinese Foreign Ministry said on Monday that the two governments had agreed
to talk further about reducing all tariffs, and about other trade issues, but
said nothing about any agreement to reduce car tariffs uniquely.
https://www.forbes.com/sites/johnbrinkley/2018/12/04/he-said-xi-said-u-s-china-have-different-recollections-of-trump-xi-trade-talks/#269e19862a2b
December 4: Trump meets with German auto
execs, tweets 'I am a Tariff Man'
He outlines 'his vision of all automakers producing in the United States'
https://www.autoblog.com/2018/12/04/trump-meets-german-auto-execs-i-am-a-tariff-man/
December 6: Fiat Chrysler to Open New
Assembly Factory in Detroit
Auto maker plans to make a sport-utility vehicle at the new factory
https://www.wsj.com/articles/fiat-chrysler-to-open-new-assembly-factory-in-detroit-1544127162
December 13: Trump says 'GM is not going to
be treated well'
"To tell me a couple of weeks before Christmas that she's going to close in Ohio
and Michigan, not acceptable to me," Trump said Thursday on Fox News. "General
Motors is not going to be treated well."
https://www.cnbc.com/2018/12/13/trump-says-gm-will-not-be-treated-well.html
-- 2019 --
January 10: Trump administration slams Fiat
Chrysler with a half-billion dollars in fines for flouting emissions rules
https://www.washingtonexaminer.com/policy/energy/trump-administration-slams-fiat-chrysler-with-a-half-billion-dollars-in-fines-for-flouting-emissions-rules
February 11: U.S. Steel credits Trump in
resuming work at Alabama plant
Company has benefited from 25% tariffs on steel imports
https://www.marketwatch.com/story/us-steel-credits-trump-in-resuming-work-at-alabama-plant-2019-02-11
February 11: General Motors has hired
Ballard Partners, which has close ties with the Trump White House, for federal
representation on labor and fuel efficiency matters.
GM is in the midst of a $2.5B corporate restructuring that will lead to the
shutdown of plants in Detroit-Hamtramck, Warren (MI), Lordstown (OH) and
Baltimore and the loss of thousands of jobs.
https://www.odwyerpr.com/story/public/12032/2019-02-11/job-cutting-gm-turns-ballard-partners.html
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