|President elect Donald Trump has a huge problem with American jobs going to Mexico, especially when it comes to car manufacturing. Fiat Chrysler has 12,800 workers and GM has 15,000 in Mexico.|
January 17, 2017
His favorite target: Ford. Trump repeatedly slammed Ford on the campaign trail for its "horrible" decision to invest billions in Mexico.
He has rarely mentioned its two other large competitors: GM and Chrysler. But among America's "Big 3" auto companies, Ford actually has the fewest number of workers in Mexico.
Ford employs 8,800 people in Mexico, according to the company and data from the Mexican government.
Fiat Chrysler has 12,800 workers and GM has 15,000 in Mexico.
This week, Ford announced it had canceled plans to build a $1.6 billion new factory in Mexico and would instead create 700 new jobs in Michigan. CEO Mark Fields called it a "vote of confidence" in Trump's economic vision for America.
Trumps Next Target: GM or Chrysler?
Trump thanked Ford and is already shifting his ire to another Michigan giant.
On Tuesday, Trump went after GM, tweeting: "General Motors is sending Mexican-made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A. or pay big border tax!"
All last year Trump threatened Ford with massive taxes -- as high as 40% -- on cars made in Mexico and sold in the U.S. even though experts don't think Trump has the legal power to put a tariff on one U.S. company.
The CEOs of America's top car companies say Trump only has half the story. Yes, they have all built plants in Mexico. But most of those factories work on smaller, cheaper cars that the American public doesn't even like to buy.
|Tags: Jobs & Economy Trump GM Chrysler Ford Cars Manufacturing|
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