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Ford, GM and CEOs meet with Trump to discuss job creation

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Ford, GM and FCA CEOs meet with Trump to discuss regulation and job creation

Ford, GM and FCA CEOs meet with Trump to discuss regulation and job creation

Donald Trump met with top execs at all three major U.S. automakers on Tuesday, in a sit-down in which he laid out his desire to see the car companies create new factories in the U.S. and boost their stateside output.His comments at the meeting echoed sentiments expressed by Trump throughout the campaign and early into his presidency on Twitter and elsewhere.Trump said at the meeting he’ll cut regulations, noting he believes they can cut them “by 75 percent, maybe more” and leading to expedited approvals for new manufacturing facilities, reiterating earlier commitments to do the same, and noting that environmentalism in general is “out of control” in his opinion.
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GM, Ford and Fiat Chrysler shares climb after Trump meets with CEOs

GM, Ford and Fiat Chrysler shares climb after Trump meets with CEOs

– Yahoo Finance is tracking the auto sector as US President Donald Trump meets with CEOs of General Motors (GM), Ford (F) and Fiat Chrysler (FCAU).He tweeted, “Will be meeting at 9:00 with top automobile executives concerning jobs in America.I want new plants to be built here for cars sold here!”Screen Shot 2017-01-24 at 11.04.17 AM MoreDuring the meeting at the While House, Trump announced a “very big push” for companies to manufacture products in the US.
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Trump Dangles Incentives to Auto CEOs in Push to Lure Factories

Trump Dangles Incentives to Auto CEOs in Push to Lure Factories

Trump tweets he wants cars sold in U.S. to be built locallyAfter months of heaping criticism on automakers for adding jobs overseas, President Donald Trump revealed a different side in his first White House sit-down with the industry’s top executives.Surrounded by the chief executives of General Motors Co., Fiat Chrysler Automobiles NV and Ford Motor Co., Trump laid out the incentives he’ll offer the companies to attract new plants in the U.S. “We’re bringing manufacturing back to the U.S.,” he said.“We’re reducing taxes, very substantially, and we’re reducing unnecessary regulations.”The remarks sent the companies’ shares rising and highlighted an important, albeit less public, element of the automakers’ relationship with the new president.
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