Environmentalists are 'out of control': Trump to auto execs

Environmentalists are 'out of control': Trump to auto execs

"Walking out of the meeting today, I know I come out with a lot of confidence that the president is very, very serious in making sure the United States economy is going to be strong and have policies - tax, regulatory or trade - to drive that", said Ford CEO Mark Fields.

While Trump has criticized American vehicle makers for being, in his view, too willing to move operations to other countries, he told his White House guests the government will try and make it easier to build plants in the United States.

Former president Barack Obama had rejected TransCanada's Keystone XL oil pipeline in November 2015 after environmentalists campaigned against the project for more than seven years.

"I feel a deep sense of remorse that I contributed to presenting Trump in a way that brought him wider attention and made him more appealing than he is", Schwartz told the New York Times, adding that he genuinely believes if Trump got access to the nuclear codes "there is an excellent possibility it will lead to the end of civilization". And it's happening, it's happening big league, ' he said.

"I appreciate the President's focus on making the USA a great place to do business", FCA CEO Sergio Marchionne said in a prepared statement. This is the first time a US president will be meeting with three major automakers jointly since former President Barack Obama's July 2011 session with the CEOs. Automakers have urged the Trump administration to rethink those aggressive mandates.

The alliance asked for a presidential panel to review all auto regulations, including fuel-economy rules, as consumers continue to reject efficient cars and electrified vehicles in favor of pickups and SUVs.

Mr Marchionne told reporters after the meeting that the president did not give them specifics on what regulations he would cut.

More vehicle producing capacity in the USA would go underutilized unless automakers shutter plants elsewhere, something that doesn't seem to be on executives' minds.

With flattening U.S. auto sales and excess capacity in the United States, U.S. automakers have been reluctant to open new U.S. auto plants in recent years. Instead of investing $1.6 million in a plant in Mexico, Ford said it would put $700 million into expansion of one of its MI plants, adding 700 jobs. "Maybe more", Mr Trump said on Monday.

USA automakers have been reluctant to open new US auto plants in recent years, but they have expanded some operations at existing plants.

U.S. sees North Korea activity signaling possible missile test-launch
On September 5, 2016, Pyongyang launched three ballistic missiles in the direction of the Sea of Japan. In 2016 North Korea conducted a test of an ICBM engine made up of a cluster of smaller rockets.

Auto industry executives have their first meeting with President Donald Trump on Tuesday, but they've already always been pondering how they'll work with the new president.

Also on Tuesday, Toyota said it would add 400 jobs and invest $600m in an in plant, aiming to boost production there by 10%.

On Monday, Mr Trump met prominent U.S. manufacturers, including Tesla Motors head Elon Musk, and said he would dramatically cut regulations and corporate taxes.

"The mother of all trade barriers is currency manipulation".

Apart from the meeting, Mr Trump yesterday signed two executive orders to advance the building of the Keystone XL and Dakota Access pipelines, but said "we are going to renegotiate some of the terms".

GM's Mary Barra spoke of a huge opportunity to work together with government to improve the environment, safety, job creation and competitiveness. Fiat Chrysler is the Italian-American parent of the former Michigan-based Chrysler.

Take, for example, Fiat Chrysler's announcement to increase its USA investment by $1 billion - which garnered a "thank you" tweet from Trump this month. But the president's pick for the Environmental Protection Agency, Scott Pruitt, has said he will "review" current standards for fuel efficiency that were created to help fight climate change. "All Chevrolet Cruze sedans sold in the USA are built in GM's assembly plant in Lordstown, Ohio".

GM in 2014 said it would invest $5 billion in Mexico through 2018, a move that would allow it to double its production capacity - and Barra has said the automaker is not reconsidering the plan.

US governors are flagging hundreds of "shovel-ready" projects they regard as high-priority for Trump's plan to fix the nation's infrastructure.

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