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Trump praises Ford, Fiat Chrysler for U.S. investments

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Fiat Chrysler Automobiles seen as easy Trump target – Fiat Chrysler Automobiles NV (NYSE:FCAU)

Fiat Chrysler Automobiles seen as easy Trump target - Fiat Chrysler Automobiles NV (NYSE:FCAU)*/

– Fiat Chrysler Automobiles (FCAU +6.4% ) appears to be a sitting duck for Donald Trump’s Twitter account.Automotive News points out that the automaker imported 42% of the cars it sold in the U.S. last year out of Mexico and employs ~116K workers in the nation.Fiat also announced plans to us a plant in Mexico this year to take over for Jeep Compass production previously run out of Illinois.
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Fiat Chrysler ready to comply with new rules from Trump administration – CEO

Fiat Chrysler ready to comply with new rules from Trump administration - CEO*/

– DETROIT Fiat Chrysler Automobiles (FCHA.MI) is ready to comply with the new rules on the auto industry the incoming administration of U.S. president-elect Donald Trump will introduce, the carmaker’s CEO Sergio Marchionne said on Monday.”We are waiting for the new rules and will adapt to them,” Marchionne said, speaking to reporters at the Detroit motor show.On Sunday Fiat Chrysler said it would invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs.
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Trump praises Ford, Fiat Chrysler for U.S. investments

Trump praises Ford, Fiat Chrysler for U.S. investments*/

– FILE PHOTO: Republican presidential nominee Donald Trump arrives for his election night rally at the New York Hilton Midtown in Manhattan, New York, U.S., November 9, 2016.REUTERS/Andrew Kelly/File PhotoBy David ShepardsonDETROIT (Reuters) – President-elect Donald Trump praised Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCAU.N) on Monday for announcing new investments in the United States after he made U.S. 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 add2,000 jobs at plants in Ohio and Michigan to build new SUVs and pickup trucks.
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Fiat Chrysler chief suggests Trump might support merger with rival GM

Fiat Chrysler chief suggests Trump might support merger with rival GM*/

– Fiat Chrysler chief suggests Trump might support merger with rival GMPhoto: Daniel Acker Sergio Marchionne, chief executive officer of Fiat Chrysler…Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles, suggested that President-elect Donald Trump might support the idea of General Motors Co. merging with his company.
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Fiat Chrysler may end Mexico output if Trump tariff too high: CEO

Fiat Chrysler may end Mexico output if Trump tariff too high: CEO*/

– DETROIT 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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