"It Finally Happened": Trump Thanks Fiat And Ford For Investing In The US, Adding New Jobs

Having succeeded in turning around Ford's plans to invest $1.6 billion in Mexico last week, and converting it into a US-targeted investment into the US last week, after similar twitter-based confrontations with Toyota and GM also last week, moments ago Trump tweeted his thanks to Fiat which as reported last night, also announced plans to invest $1 billion in Ohio plants, adding some 2,000 jobs.

"It's finally happening - Fiat Chrysler just announced plans to invest $1BILLION in Michigan and Ohio plants, adding 2000 jobs. This after Ford said last week that it will expand in Michigan and U.S. instead of building a BILLION dollar plant in Mexico. Thank you Ford & Fiat C!"

Having used his Twitter "bully pulpit" successfully so far to change corporate capital allocation plans, it is unlikely that Trump will end his "shaming" of pulbic companies now, and will likely double down on his aggressive approach to push more investment in the US.

Comments

No comments yet! Be the first to add yours.