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Trump wants Toyota to build new plants in US
Nikkei Asian Review ^ | March 16, 2017 | Yuichiro Kanematsu

Posted on 03/16/2017 3:28:39 PM PDT by 2ndDivisionVet

AUSTIN, U.S. -- At a meeting with auto executives in Michigan on Wednesday U.S. President Donald Trump once gain asked Toyota Motor and rival carmakers to build plants in the country.

Trump met with the heads of major automakers on a visit to the Midwest city of Detroit, Michigan, and nearby areas where many auto factories are located. The meeting also included officials from the automakers' labor unions.

In a speech he gave in front of autoworkers after the meeting, Trump pledged to review fuel efficiency regulations that were tightened by Barack Obama's administration.

The Obama administration was keen to tackle global warming. A rule introduced by his administration obliges carmakers to improve fuel efficiency by 50% or more by 2025. Leading carmakers have opposed it through industry groups.

Trump, a skeptic of climate change, responded to their calls. A review of the regulation will likely work in favor of major U.S. automakers, which have been trailing Japanese rivals in the development of technologies that improve fuel consumption.

In exchange, Trump demanded they build new plants in the U.S. to create jobs.

At one point during the meeting, Trump put Jim Lentz, a senior managing officer of Toyota and CEO of Toyota Motor North America, on the spot over the issue, according to the Detroit News.

The president demanded back in January that Toyota build a plant in the U.S. instead of Mexico as planned.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: automotive; jobs; toyota; trump

1 posted on 03/16/2017 3:28:39 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Yes, Mr President, prod them. Don’t stop until they agree.

Michigan will vote to re-elect Trump by an overwhelming landslide in ‘20. Furrows deepening on Democrat faces.


2 posted on 03/16/2017 3:59:59 PM PDT by Combat_Liberalism
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To: 2ndDivisionVet

As long as the unions are refused involvement..


3 posted on 03/16/2017 4:25:43 PM PDT by mowowie
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To: 2ndDivisionVet; All

Eliminate CAFE standards and see the auto market explode. Millions of adult Americans want to see full size American cars again.


4 posted on 03/16/2017 6:41:52 PM PDT by Cobra64 (Common sense isn't common any more.)
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To: 2ndDivisionVet
....obliges carmakers to improve fuel efficiency by 50% or more by 2025.

Net effect would be that us proles would all be driving skateboards and the rich would have their nice vehicles. Toyota Highlanders (ny wife loves her) would either not be made or would be made in special limited editions with $150K of extra bells and whistles.

5 posted on 03/17/2017 3:23:19 AM PDT by trebb (Where in the the hell has my country gone?)
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To: 2ndDivisionVet

My Tundra was built in San Antonio.


6 posted on 03/17/2017 6:49:36 AM PDT by humblegunner
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To: 2ndDivisionVet

Hope Toyota opens plants here. I really like my RAV4, but feel a little guilty about not buying American-made.


7 posted on 03/17/2017 8:41:50 AM PDT by knittnmom
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