From Reuters: Trump to meet with U.S. auto CEOs amid jobs push

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U.S. President Donald Trump will have breakfast on Tuesday with the chief executives of General Motors Co (GM.N), Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCHA.MI) as he pressures automakers to boost American employment.

White House spokesman Sean Spicer said Trump “looks forward to hearing their ideas about how we can work together to bring more jobs back to this industry.” Trump has heaped criticism on automakers for building cars in Mexico and elsewhere and has threatened to impose 35 percent tariffs on imported vehicles.

Automakers have been touting plans to boost U.S. jobs and investments in the face of criticism by Trump. The Republican New York businessman made attacks on Ford’s Mexico investments a cornerstone of his campaign.

Early this month, Ford scrapped plans to build a $1.6 billion plant in Mexico and said it would invest $700 million in a factory in Michigan. Ford will still move production of Focus small cars to Mexico but will cut total production of the cars by consolidating their assembly in an existing Mexican plant.

Last week, GM confirmed it would invest an additional $1 billion in its U.S. factories this year and would move some parts production from Mexico to the United States that was previously handled by a supplier. The investments are in addition to $2.9 billion the automaker announced last year, GM said.

GM said the $1 billion investment would create or retain 1,500 jobs.

Earlier this month, Fiat Chrysler said it would invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, and possibly move production of a Ram heavy-duty pickup truck to Michigan from Mexico.

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