General Motors Plans at Least $1 Billion in Fresh U.S. Investment

[Spike]

AMERICA FIRST!


General Motors Co. this week will announce plans to invest at least $1 billion across several U.S. factories, a move aimed at underlining its commitment to U.S. manufacturing jobs in the wake of President-elect Donald Trump’s criticism of the auto maker’s imports from Mexico.

GM’s announcement could come as early as Tuesday, the people briefed on the plan said. The company will cite a number of new jobs in excess of 1,000 stemming from the investment but doesn’t plan to specify which of its factories are in line for more work, one person said.

http://www.wsj.com/articles/general...-1-billion-in-fresh-u-s-investment-1484611776

-------------------------

hahahaha

**** you Merkel!


Trump Threatens German Car Makers With 35 Percent Tax

President-elect Donald Trump threatened German car makers with a big border tax of 35 percent for cars imported into the U.S.

Trump criticized German auto makers like BMW and Volkswagen for producing the majority of their vehicles in Germany, not the United States. “You can build cars for the United States, but for every car that comes to the USA, you will pay a 35 percent tax,” Trump told German newspaper Bild. If the German firms decide to build factories in Mexico and plan to sell cars to the U.S., “without a 35 percent tax, you can forget that,” Trump told reporters.

German automakers have substantial investments in Mexico. BMW announced a $2.2 billion plant in central Mexico that will open in 2019, where it would produce the BMW 3 Series. Another German car company, Volkswagen, opened a $1.3 billion facility in Mexico last year for its Audi division. Even Mercedes-Benz has plans to move part of its operations to Mexico by 2018.

http://dailycaller.com/2017/01/16/trump-threatens-german-car-makers-with-35-percent-tax/

 

[RollRed]

That's great news.... good thing Obama didn't let them go under..... and the Obama bashing will start in 3...2..1...

 

[Tim Steelersfan]

Winning, winning, winning and not even in office. Look at how many manufacturing companies have already decided to stay in the United States over just the mere promise that Donald Trump is going to deliver.

Powerful. Influential. Leadership.

Pansy out. Leader in. I'm down.


Sent from my iPad using Steeler Nation mobile app

 

[Sarge]

That's great news.... good thing Obama didn't let them go under..... and the Obama bashing will start in 3...2..1...

The American taxpayer kept them from going under.

 

[Spike]

Drain the swamp!



Trump eyes 10% spending cuts, 20% slash of federal workers

Making good on a promise to slash government, President-elect Trump has asked his incoming team to pursue spending and staffing cuts.

Insiders said that the spending reductions in some departments could go as high as 10 percent and staff cuts to 20 percent, numbers that would rock Washington if he follows through.

At least two so-called "landing teams" in Cabinet agencies have relayed the call for cuts as part of their marching orders to shrink the flab in government. The cuts would target discretionary spending, not mandated programs such as Medicare or Social Security, the sources said.

The spending reductions are expected to be used to help pay for Trump's plan to boost the Pentagon's budget, tax cuts and some pet projects, potentially including the wall on the nation's southern border.

The teams also are looking at staffing cuts over four years through attrition, a hiring freeze and reorganization.

The plan is winning cheers in conservative, anti-tax and anti-spending corners in Washington that have long sought massive cuts in the bureaucracy.

http://www.washingtonexaminer.com/b...s-20-slash-of-federal-workers/article/2612037

 

[21STEELERS21]

http://abcnews.go.com/Business/wireStory/gm-announces-1b-factory-investment-jobs-44827749

This is long planned investment and miniscule compared to the 21 billion invested during Obama's 8 years.
The tax payers didn't pay for keeping GM, because GM paid back their loans with interest.

 

[Sarge]

http://abcnews.go.com/Business/wireStory/gm-announces-1b-factory-investment-jobs-44827749

This is long planned investment and miniscule compared to the 21 billion invested during Obama's 8 years.
The tax payers didn't pay for keeping GM, because GM paid back their loans with interest.

Yes, the taxpayers saved GM. Without taxpayer money, GM never gets the opportunity to pay it back and fails to exist to make their ****** cars.

 

[Troglodyte]

The American people are going to lose when America made cars go back to being the pieces of **** they were back in the 80's due to a lack of competition.

 

[Spike]

Bayer commits $8B to new US R&D

German-based Bayer AG has committed to President-elect Donald Trump that it will invest $8 billion in American research and development as part of its deal to acquire Monsanto, Trump's transition team said Tuesday.

Incoming White House press secretary Sean Spicer told reporters that Bayer will also protect all of Monsanto's 9,000 American jobs while creating an additional 3,000 high-tech positions in the country.

That agreement, he added, came after Trump met with CEOs from both companies last week.

http://thehill.com/business-a-lobbying/314559-trump-team-touts-8-billion-bayer-investment

 

[IndySteel]

Winning!

 

[Steelerfan]

The American people are going to lose when America made cars go back to being the pieces of **** they were back in the 80's due to a lack of competition.

Hey wait, there was the Yugo for competition.

 

[Spike]

The Trump Effect


Hyundai to invest $3.1 billion in U.S. plants

SEOUL--Hyundai Motor Co. (005380.SE) said Tuesday it will invest as much as $3.1 billion in its existing U.S. manufacturing facilities, and is considering a new plant in the world's most profitable auto market that would help to create thousands of new jobs.

The South Korean automotive group, which includes affiliate Kia Motors Corp., said it will spend the money over the next five years on research and development of new technologies such as autonomous vehicles and on upgrading existing facilities.

"The U.S. market is crucial to our success as a global auto maker. We will continue to expand our presence in the key market. Our investment will also help the U.S. efforts to create more jobs," Hyundai Motor President Chung Jin-haeng told a group of foreign media reporters.

The statement comes as auto makers face pressure from the incoming U.S. administration to manufacture more vehicles in the U.S

http://www.marketwatch.com/story/hyundai-to-invest-31-billion-in-us-plants-2017-01-17

 

[Steelr4evr]

So with Trump we are getting investing in America and with the socialists we get taxing America,endless regulations and running off companies. No wonder that pathetic party is getting spanked into obscurity. I guess I can thank Hollywood for making it very very clear for all to see.

 

[DBS1970]

The American people are going to lose when America made cars go back to being the pieces of **** they were back in the 80's due to a lack of competition.

Where do you get that there won't be competition? All the major auto makers build cars here in the USA and there never was a plan to stop that. The plan is to encourage them to build all the models here rather than build some and import the rest.

Flush out your headgear guy.

 

[21STEELERS21]

Protectionism will not create jobs. If we put tariffs on cars shipped here, other countries will do the same to our cars shipped
into their countries. And we sell a lot of cars world-wide. Trade wars will cost jobs.

 

[Steeltime]

Protectionism will not create jobs.

Then why have the Chinese - who engage in routine currency manipulation and other measures designed to protect their industry - added millions upon millions of jobs as a result of their protectionist policies??

You are correct that trade wars cost jobs, but the simple fact is that protectionism that is allowed benefits the protected country to the detriment of the trading partners. All Trump has said is that he will no longer stand by while China enacts protectionist policies, and will force that country to repeal its protectionist policies. He is not calling for a trade war, he is calling for fair trade.

The Obama approach has been to allow China to enact tariffs and currency manipulation to generate a massive trade surplus, to the detriment of the American worker. Trump's approach is the better one.

Trade war? I hope not. Fair trade? Absolutely yes.

 

[Troglodyte]

Where do you get that there won't be competition? All the major auto makers build cars here in the USA and there never was a plan to stop that. The plan is to encourage them to build all the models here rather than build some and import the rest.

Flush out your headgear guy.

Either way I think the price of foreign cars goes up, factories just don't build themselves overnight. This making the demand for domestic cars go up and so does their price.