World - - Jan 24,2017
US President Donald Trump will have a breakfast meeting on Tuesday with the CEO's of General Motors Co., Fiat Chrysler Automobiles NV and Ford Motor Co.
The spokesperson for White House, Mr. Sean Spicer, declared that the US President Donald Trump would have a breakfast meeting with the CEO’s of the three major American automotive companies. He further added that Mr. Trump looks forward to hear ideas of from these automotive companies about how they can work together with the country to bring more jobs back to the automotive industry.
Mr. Trump has criticized these automakers for building their cars in Mexico and other locations, and has threatened to charge 35% border tax on imported vehicles.
The meeting is the latest symbol of Trump’s uncommon degree of involvement for a Unites States president into corporate activities as he has continually jawboned auto manufacturers to buy American and hire American.
This will be the first time the executives of the big three automotive companies meet jointly with a US president since July 2011 session with President Obama to tout an agreement to approximately double fuel efficiency standards to 87.7 km (54.5 miles) per gallon by the year 2025.
According to the spokesperson, the executives from Toyota Motor Corp., Honda, Hyundai and Nissan Motor Co. Ltd., which all have plants in the US and Mexico, weren’t summoned to this breakfast meeting.
While, German automotive companies BMW and VW weren’t available for comment.
The US and foreign automobile manufacturers have been publicizing their plans to boost American jobs and investments in the face of Donald Trump’s comments.
Earlier this month, US automaker Ford Motor Company scrapped its plans to build a $1.6 billion plant in Mexico and stated that it would invest $700 million in its Michigan factory.