The two sides have been clashing even before the president elect came into office recently, but it seems there is common ground to discuss the fate of Trump’s vision of the auto industry.
All three CEOs of General Motors, Ford and Fiat Chrysler Automobiles met recently with President Donald Trump – who is a keen promoter of “I want new plants to be built here for cars sold here!” The automakers seemed to have complied as they all announced new investments in America – even quitting some proposed builds in other countries – but want in exchange less regulation and lower taxes, as well as no disruption of the free trade with Mexico or other countries. “We have a very big push on to have auto plants and other plants – many other plants,” commented Trump after talking to GM CEO Mary Barra, Ford CEO Mark Fields and Fiat Chrysler CEO Sergio Marchionne.
Trump offers changes in regulations and taxes to make it easier to operate in the United States, for example making it much easier to acquire the permits needed to build a greenfield plant – and the administration is even reportedly considering rolling back the fuel-economy regulations imposed by the Obama Administration or the ones coming from the State of California. “I appreciate the President’s focus on making the U.S. a great place to do business. We look forward to working with President Trump and members of Congress to strengthen American manufacturing,” commented Marchionne. FCA US has committed to $9.6 billion in investments in the home base. “We had a very constructive and wide-ranging discussion about how we can work together on policies that support a strong and competitive economy and auto industry, one that supports the environment and safety,” Barra added. This was the first meeting between the Big Three and a US president since 2011.