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Fiat Chrysler may end Mexico output if Trump tariff too high
- By Nick CareyDETROIT (Reuters) - Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) Chief Executive Sergio Marchionne said on Monday that if tariffs set in a Trump administration on vehicles made in Mexico and imported to the United States are too high, the company may end Mexican production."It's possible, if the economic terms imposed by the U.S. administration on anything that comes into the United States that, if they're sufficiently large that it would make the production of anything in Mexico uneconomical," said Marchionne."We would have to withdraw.
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Trump praises Ford, Fiat Chrysler for US investments
- WASHINGTON: President-elect Donald Trump praised Ford Motor Co and Fiat Chrysler Automobiles NV on Monday for announcing new investments in the United States after he made US auto production a key part of his campaign.Ford announced last week it would abandon plans to build a $1.6 billion plant in Mexico and would invest $700 million in a Michigan plant over four years, while Fiat Chrysler said Sunday it will invest $1 billion and add 2,000 jobs at plants in Ohio and Michigan to build new SUVs and pickup trucks.Both companies have said they made the decision for business reasons and not because of pressure from Trump, but praised Trump for seeking to improve the climate for businesses to operate in the United States.
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