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all chevrolet cruze sedans are built in lordstown, ohio.ds the chevrolet cruze hatchback for global markets in mexico, with a small number sold here in the u.s. here's really what this all comes down to. not just for general motors and for ford, but for all automakers. they have put so much infrastructure in mexico where auto production that this year auto production will top about 4 million vehicles so, kelly, those vehicles that are built there, they're not all coming to the u.s., but a lot of them are. donald trump is saying they shouldn't be coming in tax free. >> we'll see if he takes them on one by one, phil. thank you. >>> meantime, back in november gm announced it would be laying off 2,000 workers including 1250 at the lordstown, ohio, plant which is where the company manufactures the cruze sedan. joining us is arno hill. mr. mayor, welcome to cnbc. >> thank you for the invite. >> there's a lot at stake for lordstown. you have been caught in the middle of a national discussion today. are the layoffs still going to happen for the cru
all chevrolet cruze sedans are built in lordstown, ohio.ds the chevrolet cruze hatchback for global markets in mexico, with a small number sold here in the u.s. here's really what this all comes down to. not just for general motors and for ford, but for all automakers. they have put so much infrastructure in mexico where auto production that this year auto production will top about 4 million vehicles so, kelly, those vehicles that are built there, they're not all coming to the u.s., but a lot...
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but in lordstown, ohio, where the auto maker is laying off 2,000 workers because of slowing demands for the cruze, trump's message plays well. in fact, chevrolet in lordstown refuses to sell the models built in mexico. >> we said we're not keeping them on the lot. we're sending them out of the area. we want to support our plant and the guys and girls up there, third shift. kind of sad what's happening so we on like to keep them here. >> the big question remains whether mexico's soaring auto production which will top 4 million this year, will eventually lead to a tax being slapped on those models sold in the u.s. >> if that happens, how much will those increased costs hurt demand? and the bottom line of auto make here's are increasingly taking second look at their operations south of the border? nightly business report, chicago. >>> one stock that fell after the ford announcement was kansas city southern. it was supposed to have been built along the railway lines. the railroad received nearly half its revenue from its mexican operations during the first nine months of 2016. >>> the presi
but in lordstown, ohio, where the auto maker is laying off 2,000 workers because of slowing demands for the cruze, trump's message plays well. in fact, chevrolet in lordstown refuses to sell the models built in mexico. >> we said we're not keeping them on the lot. we're sending them out of the area. we want to support our plant and the guys and girls up there, third shift. kind of sad what's happening so we on like to keep them here. >> the big question remains whether mexico's...
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are build in gm's assembly plant in lordstown, ohio. hatchback for global markets in moex c in mex small number sold in the u.s. how many from mexico in terms of the hatchbacks were sold in u.s. dealerships? according to general motors, it says 2.4% of the cruze models sold in the u.s. last year came from mexico. so you're talking about a very small percentage. they sold 190,000 cruzes of all. in terms of what general motors gets from mexico, approximately 400,000 vehicles sold last year in the u.s. came from mexico plants. this is one of them right here. we're talking about the chevy silverado, as well as a sierra. pickup trus are a large part of the production in mexico. overall, when you look at mexico auto production, this is what has donald trump's ire right now. not just gm and ford, but all car production. in 2017, it'll be close to 4 million vehicles exported by the auto industry out of mexico. that's what's bothering donald trump. many of them are heading from here in the united states. look at shares of general motors since th
are build in gm's assembly plant in lordstown, ohio. hatchback for global markets in moex c in mex small number sold in the u.s. how many from mexico in terms of the hatchbacks were sold in u.s. dealerships? according to general motors, it says 2.4% of the cruze models sold in the u.s. last year came from mexico. so you're talking about a very small percentage. they sold 190,000 cruzes of all. in terms of what general motors gets from mexico, approximately 400,000 vehicles sold last year in the...
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are built in gm's assembly plant in lordstown, ohio. gm builds the chevy cruze hatchback in mexico with a small number sold in the u.s. just 2.4% of the cruze models sold last year here in the u.s. came from mexico. we're talking 4400 vehicles, a very small percentage. when you look at mexico for gm overall, approximately 400,000 vehicles that gm sold in the u.s. last year were made in mexico. so, yes, it gets a lot of business from those vehicles built in mexico. take a look at shares of general motors and ford. we're showing you guys since the election of donald trump what those shares have done. ford today, by the way, moved slightly higher after the announcement it was canceling plans to build a plant in mexico. >> if you take a look at ford shares, it looks like investors believe that ford somehow escaped the ire of donald trump yet would still be subject to the border tax. they're going to be producing, moving some small car vehicle to mexico. one would assume that would be what you mentioned, gm produces 4400 cars that are brough
are built in gm's assembly plant in lordstown, ohio. gm builds the chevy cruze hatchback in mexico with a small number sold in the u.s. just 2.4% of the cruze models sold last year here in the u.s. came from mexico. we're talking 4400 vehicles, a very small percentage. when you look at mexico for gm overall, approximately 400,000 vehicles that gm sold in the u.s. last year were made in mexico. so, yes, it gets a lot of business from those vehicles built in mexico. take a look at shares of...
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it is chevy cruze sedan is made in lordstown, ohio. they make a ton of them.s a big plant for gm. they have to compete with other vehicles made in mexico by competitors that get shipped into the u.s. without tariff either. look at those. the mazda 3, honda civic, nissan sentra, toyota corolla, vw jetta, they are made in mexico and shipped into the u.s. if you tax gm, big tax donald trump talked about in the his tweet, you have to tax them all. if you tax them all, price of vehicles goes up. donald trump got a win today with ford, announcing it will scrap the plant. we got reaction from the mexican government by the way. they're scrapping that plant wn in mexicohey were going to build. would be 1.billion dollars worth of investment. -- $1.6 billion. the mexican government is saying that the mex company will reimburse the mexican government for anything associated with pulling out of the plant. donald trump took credit for this tweeting today, ford to scrap the mexico plant and invest in michigan due to trump policies. neil asked mark fields point-blank today, w
it is chevy cruze sedan is made in lordstown, ohio. they make a ton of them.s a big plant for gm. they have to compete with other vehicles made in mexico by competitors that get shipped into the u.s. without tariff either. look at those. the mazda 3, honda civic, nissan sentra, toyota corolla, vw jetta, they are made in mexico and shipped into the u.s. if you tax gm, big tax donald trump talked about in the his tweet, you have to tax them all. if you tax them all, price of vehicles goes up....
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gm didn't mention the lordstown ohio plant they are touting is about to lose about a thousand jobs. because gas is cheap, people aren't clamoring for fuel-efficient cars. one american car company was being criticized, another was being praised. ford announced it's not going forward with the new plant in mexico. it has instead chosen to invest $700 million in the michigan facility. >> you look at what ford is doing. they are building billions of dollars worth of plants in mexico. i want them to build the plants in the united states. >> the move saved about 700 jobs. the ceo says executives in the boardroom have been paying attention to what is true trump has set on the trail. >> when we look at some of the tax and regulatory reforms that he's been talking about, that gives us a lot of confidence. this is a vote of confidence that he can deliver on those things. >> the promise of better trade deals helped trump gain steam during the primaries. u.s. trade rep, a cabinet level job in an administration looking to stimulate economic growth in a way no president has before. >> i've never s
gm didn't mention the lordstown ohio plant they are touting is about to lose about a thousand jobs. because gas is cheap, people aren't clamoring for fuel-efficient cars. one american car company was being criticized, another was being praised. ford announced it's not going forward with the new plant in mexico. it has instead chosen to invest $700 million in the michigan facility. >> you look at what ford is doing. they are building billions of dollars worth of plants in mexico. i want...
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states are built in lordstown, ohio.ds the chevrolet cruze hatchback for global markets in mexico with a small number sold in the u.s. let me give you a couple stats on this. 190,000 of these cruzes were sold last year in the united states a popular car. people wanted the hatchback so they created this hatchback of which only 4,500 are sold in the united states, but i think gm wants to sell a lot of these in the united states. they claim they're making them in mexico for the international market but craig, the fact is nobody builds a car in mexico just for the global market, so you can send them to europe and send this emto china. it is cheaper to build cars in mexico. the car companies got something stuck in your throat when you have to get them to admit that. interesting story, now picking a fight with gm. >> ali velshi thanks as always. see you back mere next hour catch his full interview with ford ceo mark fields coming up next hour, right here on msnbc. >>> meanwhile live pictures from capitol hill, there you have i
states are built in lordstown, ohio.ds the chevrolet cruze hatchback for global markets in mexico with a small number sold in the u.s. let me give you a couple stats on this. 190,000 of these cruzes were sold last year in the united states a popular car. people wanted the hatchback so they created this hatchback of which only 4,500 are sold in the united states, but i think gm wants to sell a lot of these in the united states. they claim they're making them in mexico for the international...
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ohio all chevrolet cruze is a dance sold until the united states are built in lordstown ohio. gm builds the cruze hatchback in mexico for the global market with a small number of them sold in the united states. i'm joined now by ford ceo markfields from the company's plot flat rock michigan plant. just so everyone is clear you announced ford will invest at the plant plus produce electric and hybrid vehicles including versions of the popular f-150 pickup truck, must trangs and a self driving vehicle. you said all of this had nothing to do with pressure from president-elect trump on the u.s. automotive industry but i was listening to your comments. you did praise him in your announcement. does he get credit for this or not? >> clearly we made this decision in the best interests of the condition. we look at a number of factors. one he have those is the more positive u.s. manufacturing business environment under president-elect trump. we are looking at some of the pro-growth policies he has been talking about. clearly this is a vote of confidence he can deliver on that. >> is ther
ohio all chevrolet cruze is a dance sold until the united states are built in lordstown ohio. gm builds the cruze hatchback in mexico for the global market with a small number of them sold in the united states. i'm joined now by ford ceo markfields from the company's plot flat rock michigan plant. just so everyone is clear you announced ford will invest at the plant plus produce electric and hybrid vehicles including versions of the popular f-150 pickup truck, must trangs and a self driving...
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they said they build it in lordstown, ohio. g.m. builds the chevy cruze hatchback for global markets in mexico, with a small number sold into the u.s. they're trying to say, look, we're not really doing what he said, just a few cars we're making down there and sending back. your take? >> all they did a lot of workers at lordstown late in the year, they have the same problem that ford has with respect to small cars. there's not that much demand in america. but the bigger issue, how do we compete with china, mexico in particular. those are the two battles. this is what donald trump, really of all of the issues, this is the one that elevated him to the white house more than anything else. how do we get free trade so we can get real jobs back in the country. they have an advantage on wages, they have an advantage on the currency 20-1, they have a lot of free trade agreements with other countries. doesn't cost them money to send it out. that tax donald trump was talking about is really intriguing. what they call a value-added tax. every
they said they build it in lordstown, ohio. g.m. builds the chevy cruze hatchback for global markets in mexico, with a small number sold into the u.s. they're trying to say, look, we're not really doing what he said, just a few cars we're making down there and sending back. your take? >> all they did a lot of workers at lordstown late in the year, they have the same problem that ford has with respect to small cars. there's not that much demand in america. but the bigger issue, how do we...
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are built in gm's assembly plant in lordstown, ohio. gm builds the chevy cruz hatchback for global markets in mexico, with a small number sold in the u.s. so the company pushing back, really just a matter of moments after we got that tweet from the president-elect. this is yet another example of mr. trump doing business, talking about domestic policy, on his favorite mode of communication, through twitter. last night, he took to twitter to take aim at north korea and china. it's a sign that he's really starting 2016 in a very similar -- 2017, i should say, in a very similar way that he ended 2016, which is with these tweet storms. but political analysts speculate thatehind the scenes, he may, in fact, be having more complex conversations with these companies and, of course, foreign entities, as well. he will be holding more meetings here at trump tower today, as he continues with his transition. >> i'm not sure that's the case. if gm is right and he's not getting the basic facts right about where they make this car. but tillman, you and
are built in gm's assembly plant in lordstown, ohio. gm builds the chevy cruz hatchback for global markets in mexico, with a small number sold in the u.s. so the company pushing back, really just a matter of moments after we got that tweet from the president-elect. this is yet another example of mr. trump doing business, talking about domestic policy, on his favorite mode of communication, through twitter. last night, he took to twitter to take aim at north korea and china. it's a sign that...
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the company pushing back that all chevrolet cruze sedans are built in gm's assembly plant in lordstown, ohio. adding a small number of mexic mexican-made cruze hatchbacks are sold here. team trump making a positive call with ford about its future after challenging the car maker on the campaign trail. >> now ford is moving all of its small car production to mexico. isn't that wonderful? they're building the biggest plants in the world in mexico. >> reporter: ford today revealing it is scrapping plans to build that plant in mexico, but not just because of trump says ford ceo. >> we have seen a pretty dramatic decline in demand for small vehicles in north america. >> reporter: in addition, ford announcing they will create 700 new jobs here in the u.s. for new electric and self-driving cars. was this because of trump? >> we didn't have direct negotiations. >> reporter: did you feel any pressure from president-elect donald trump to make this decision? >> we look at a lot of different factors, and one of the factors that we're laooking at is our view that there will be more positive business
the company pushing back that all chevrolet cruze sedans are built in gm's assembly plant in lordstown, ohio. adding a small number of mexic mexican-made cruze hatchbacks are sold here. team trump making a positive call with ford about its future after challenging the car maker on the campaign trail. >> now ford is moving all of its small car production to mexico. isn't that wonderful? they're building the biggest plants in the world in mexico. >> reporter: ford today revealing it...
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wrong vehicle. , we make aors said load of compact cars in the u.s., we make the sedan, all made in lordstown we make in mexico is insignificant. the hatchback is a next ford vehicle to other markets besides the u.s., south america, other places where small cars are much more desirable and more affordable a cars are important. it is a non-us export vehicle for them. he wanted to bring that back but general motors say that is not that significant for us. vonnie: he probably picked -- mark: he probably picked on the wrong vehicle, does the automobile industry cents the president elect is picking on them unduly? >> i don't know if unduly picked on because there has been pressure on boeing, carrier, lockheed, but you have to think that all automakers, not just u.s. automakers, are feeling pressure because there are 24 billion investments in some states going into mexico or a plan for mexico, not just ford and general motors, bowles why w, nissan, a lot of investment from a lot of carmakers down there and they have to be scratching their heads. will there be a tariff, will now have to be renegotia
wrong vehicle. , we make aors said load of compact cars in the u.s., we make the sedan, all made in lordstown we make in mexico is insignificant. the hatchback is a next ford vehicle to other markets besides the u.s., south america, other places where small cars are much more desirable and more affordable a cars are important. it is a non-us export vehicle for them. he wanted to bring that back but general motors say that is not that significant for us. vonnie: he probably picked -- mark: he...
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a lot of these jobs are being lost to technology and robots, i spent last weekend in lordstown, ohioan auto factory there, that factory used to employ a lot of people in the 1980s and '90s. now it still produces a lot of cars, but they're being made by robots. he said there used to be a human who physically put a spare tire in the trunk, that is now done by a robot. so trump wants to begin this big push towards automation. >> it's big enough for us to remember, the market rally, that we have seen in the stock market post election is not correlated directly to a jobs rally that we may see. >> that's true. president obama was great for the stock market, the stock market almost tripled under president obama. we did see some jobs under his presidency, but the market was going up a long time before we started to see that jobs growth. just because wall street is opt t mystic, it doesn't give jobs. >>> we have to leigh it there. on that note, president trump today announced that he will begin renegotiating nafta, when he meets with the leaders of canada and mexico. listen. >> we will be mee
a lot of these jobs are being lost to technology and robots, i spent last weekend in lordstown, ohioan auto factory there, that factory used to employ a lot of people in the 1980s and '90s. now it still produces a lot of cars, but they're being made by robots. he said there used to be a human who physically put a spare tire in the trunk, that is now done by a robot. so trump wants to begin this big push towards automation. >> it's big enough for us to remember, the market rally, that we...
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the sedan, that's the key word, in lordstown, ohio, all sold in the u.s. are built in gm's assembly plant in ohio. gm builds the chevrolet cruze hatch wack in mexico with a small number sold in the united states. last year, gm sold about 4,500 of those hatchbacks in the u.s. take a look at the shares of gm and ford since the election. while this gets a lot of attention, you rarely see a president or president-elect specifically tweeting about a company, it's the border tax that is most interesting. because that has huge ramifications for the economy, for all automakers, the entire auto industry and manufacturing. whether or not he goes after one small vehicle, 4,500 of the cruze hatchback. that's what we're going to focus on but it is what's happening with nafta and the auto industry. >> that's a much bigger issue for the automakersful i think it is interesting that the president-elect would actually cite the chevy cruze as opposed to going after a make or model that would be much more impactful. it seems like he's letting them get off light by pin pointin
the sedan, that's the key word, in lordstown, ohio, all sold in the u.s. are built in gm's assembly plant in ohio. gm builds the chevrolet cruze hatch wack in mexico with a small number sold in the united states. last year, gm sold about 4,500 of those hatchbacks in the u.s. take a look at the shares of gm and ford since the election. while this gets a lot of attention, you rarely see a president or president-elect specifically tweeting about a company, it's the border tax that is most...
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i spent last week in lordstown, ohio, in a big gm factory there, and that factory used to employ 15,000 people in the late '80s, and now it employs just over 3,000, and they still make a lot of cars but they are being made by cars, and one worker said there used to be a human, when i started to work here a couple years ago that physically put a spare tire in the trunk, and that job is now done by a robot. trump has to fight against this big push towards automation. >> i think it's important for us to remember, the market rally that we have seen in the stock market post election is not correlated necessarily directly to a jobs rally that we may see. >> that's definitely true. president obama was great for the stock market. the stock market nearly tripled under president obama, and we did see good job growth towards the end of his presidency, but the market was going up a long time before we started to see the job growth, so just because the market is optimistic doesn't mean main street will benefit. >> although it does give businesses confidence, and when they are confidence, they hire,
i spent last week in lordstown, ohio, in a big gm factory there, and that factory used to employ 15,000 people in the late '80s, and now it employs just over 3,000, and they still make a lot of cars but they are being made by cars, and one worker said there used to be a human, when i started to work here a couple years ago that physically put a spare tire in the trunk, and that job is now done by a robot. trump has to fight against this big push towards automation. >> i think it's...
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they make the chevy cruze in lordstown, ohio. it's a very, very big plant. they make the cruze match back, they make that in mexico. any matchbacks are made in mexico, any sedans are made in the united states, only about 2 hadn't 4% of a2.4% of all the c in mexico but they want it to be more than that. and it says here it was for the global market, with a small number sold in the united states. the thing is they'd like lots of them to be sold in the united states. nobody just builds a car for the global market, unless you're building a tiny little car for sale in india. >> mark field is seizing on this opportunity. while donald trump is going after gm, he said they're going to be cancelling plans to bui this text in mexico. what donald trump could be doing is pitting these companies against one another. you don't want to be a ceo and be caught in the cross hairs of donald trump and twitter. >> during the campaign, ford was in the cross hairs. the executives is said we don't want to be the target of misinformation or this administration, let's do something el
they make the chevy cruze in lordstown, ohio. it's a very, very big plant. they make the cruze match back, they make that in mexico. any matchbacks are made in mexico, any sedans are made in the united states, only about 2 hadn't 4% of a2.4% of all the c in mexico but they want it to be more than that. and it says here it was for the global market, with a small number sold in the united states. the thing is they'd like lots of them to be sold in the united states. nobody just builds a car for...
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gm makes the vast majority of compact chevy cruzes in lordstown, ohio near cleveland. shares fell after the tweet. trump also added another member to his robert light hiser as the u.s. trade representative. he held the key position under president ronald reagan. his mission includes confronting china and mexico on current trade agreements. still four major cabinet decisions to fill, including secretaries of agriculture and veterans' affairs. >>> president-elect trump also vowed north korea will not develop a nuclear weapon that could threaten the u.s. he tweeted about this last night in a new year address. north korean leader, kim jong-un said the program has reached its final stage. trump said the north won't build a nuclear weapon capable of reaching parts of the u.s. he targeted china saying china keeps taking money and wealth from the u.s., but won't help with the north korean nuclear issue. >>> less than hour away from the new congress getting to work. republicans now control both the house and the senate. >> news4's tracie potts has more on the new agenda that pr
gm makes the vast majority of compact chevy cruzes in lordstown, ohio near cleveland. shares fell after the tweet. trump also added another member to his robert light hiser as the u.s. trade representative. he held the key position under president ronald reagan. his mission includes confronting china and mexico on current trade agreements. still four major cabinet decisions to fill, including secretaries of agriculture and veterans' affairs. >>> president-elect trump also vowed north...
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president-elect's tweet today in a statement saying it quote manufactures the chevrolet cruze sedan in lordstownio, all cruise sedans are sold in the u.s. and they build the hatchback for global markets in mexico with a small number sold in the united states. in an ironic twist, general motors ceo has recently named by trump to a forum that will advise him frequently on jobs and on the economy, meantime on this news, ford's stock closed up nearly 4%. >> poppy, thanks very much. donald trump certainly ran as a pro business candidate. no surprise there. what are the implications short and long-term. here to talk about it. is this a quid pro quo between president-elect trump and these companies? if it is, is there a problem about that? >> i don't see it as quid pro quo. i see what trump is doing -- it is carrots and sticks approach. the carrots he's offering ford or gm or other companies are a better economy where you won't be hit with corporate taxes where he promised they would be 15% maximum. that's the carrots. the sticks are the 35% tariff. i do think that somehow had to be weighing in the min
president-elect's tweet today in a statement saying it quote manufactures the chevrolet cruze sedan in lordstownio, all cruise sedans are sold in the u.s. and they build the hatchback for global markets in mexico with a small number sold in the united states. in an ironic twist, general motors ceo has recently named by trump to a forum that will advise him frequently on jobs and on the economy, meantime on this news, ford's stock closed up nearly 4%. >> poppy, thanks very much. donald...
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in lordstown, ohio, there is a facility that since 2010, since being up and then, has made 1.3 millionzes. and of the united states, 1.1 million roughly have been bought. the other 200,000 were sold elsewhere, primarily in canada. the facility in mexico supplies the foreign markets.se we have had about a 1.1 million u.s. purchases of chevy cruzes. there have been 1.3 million -- >> bill: why can't they be supplied to michigan? why? >> maybe. look, a couple of things. >> bill: i don't have a lot of time. wrap it up. >> mexico has better trade agreements with other countries than we do. we can make the product in mexico and sell it and bring the profits back to the u.s. we couldn't make that product. a >> bill: putting the tires on a car, mr. rove. as long as the strongman stuff doesn't get out of control, i think it's a good thing. >> i think it is getting very close to it. >> bill: all right, directly ahead, will the far left ever stop demonizing trump supporters as racist? later, a new survey says more conservatives in america than liberals, but the gap is closing. "the factor" is comi
in lordstown, ohio, there is a facility that since 2010, since being up and then, has made 1.3 millionzes. and of the united states, 1.1 million roughly have been bought. the other 200,000 were sold elsewhere, primarily in canada. the facility in mexico supplies the foreign markets.se we have had about a 1.1 million u.s. purchases of chevy cruzes. there have been 1.3 million -- >> bill: why can't they be supplied to michigan? why? >> maybe. look, a couple of things. >> bill: i...
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at the gm plant in lordstown, ohio., the official comment from general motors in response to president-elect trump's tweet says, general motors manufacturers the chevrolet cruze sedan in lordstown, ohio. all chevrolet cruze sedans are built in gm's assembly plant in ohio. gm builds the chevy cruze hatchback for global markets in mexico with a small number sold in the united states. so essentially general motors saying to president-elect trump, look, there's a very small number that are coming across the border from manufacturing in mexico. most of the cruzes that are sold by gm dealers here in the u.s. are built at a gm plant in ohio. so guys, that's the response from general motors. interesting that this was not the deferential tone of we respect where the president-elect is coming from when it comes to manufacturing and improving the economy. this was a very pointed, look, when you're talking about this vehicle, it's built in the u.s. a small number are built in mexico, and that's all they had to say. >> phil, i see i
at the gm plant in lordstown, ohio., the official comment from general motors in response to president-elect trump's tweet says, general motors manufacturers the chevrolet cruze sedan in lordstown, ohio. all chevrolet cruze sedans are built in gm's assembly plant in ohio. gm builds the chevy cruze hatchback for global markets in mexico with a small number sold in the united states. so essentially general motors saying to president-elect trump, look, there's a very small number that are coming...
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>> where this car is being made, lordstown, ohio, the company is expected to furlough 1250 workers january23rd. before the inauguration, january 20th, you will he see. about m say we found work for the guys. another major public relations win for donald trump and general motors curry favor with the public. hey, donald trump has got our back and trying to keep manufacturing jobs in this country n recent poll out today, that is number one things americans want. keep work here and bring work back, in that order. neil: you're one of those free e marketeers type, doesn't like strong-arming, charlie gasparino,. >> something to be said about the strong-arming. neil: there is gaspo talking about strong arming. >> you ever see when they get his lunch wrong? get out of the cafeteria. here's the thing, mexico has major advance, right? they have wage advantage. 20 pesos for one dollar. they have 40 trade agreements with the rest of the world that we don't have. they can actually export from there tax-free. neil: that was wild. >> value-added tax that donald trump alluded to, should have talked more ab
>> where this car is being made, lordstown, ohio, the company is expected to furlough 1250 workers january23rd. before the inauguration, january 20th, you will he see. about m say we found work for the guys. another major public relations win for donald trump and general motors curry favor with the public. hey, donald trump has got our back and trying to keep manufacturing jobs in this country n recent poll out today, that is number one things americans want. keep work here and bring work...
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town, ohio, but on january the 23rd, there'll be 2,000 layoffs in -- >> two auto plants including lordstownack demand for the cruze. you could say if you look at the statement it's kind of right, but it's a little -- you know what i'm saying? because they make the hatchback in mexico and sell it in the united states, so that part of his statement is true. stuart: i think it's a warning shot across the bow. >> sure, it is. stuart: you do that, take the jobs out of america, build there, then try to bring them back here tax-free, we're not going to let you do it. >> what a way to start, remember, obama started out with a bailout of gm, and they didn't pay it back fully. [laughter] stuartgenel motors up o cents, virtual dead flat. >>> now, here's a story that's really intriguing. this is from apple. they are cutting, repeat, cutting iphone production 10%. >> that is according to one report in a japanese financial newspaper, although the nikkei financial newspaper, 10% between january and march of this year, cutting back production. they did this, t same ing in the first quarter of 2016 cut it b
town, ohio, but on january the 23rd, there'll be 2,000 layoffs in -- >> two auto plants including lordstownack demand for the cruze. you could say if you look at the statement it's kind of right, but it's a little -- you know what i'm saying? because they make the hatchback in mexico and sell it in the united states, so that part of his statement is true. stuart: i think it's a warning shot across the bow. >> sure, it is. stuart: you do that, take the jobs out of america, build...
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are built in gm's assembly plant in lordstown, ohio.old last year, fewer than 2.5% were made in mexico. and as trump blasted gm on mexican-made cars, rival ford committed $700 million to a u.s. plant. >> we're looking at some of the pro-growth policies that he's been talking about so, you know, clearly, this is a vote of confidence that he can deliver on that. >> reporter: that wasn't the only olive branch offered to trump tuesday. turns out, former rival hillary clinton will attend the president-elect's inauguration with her husband, former president bill clinton. also in attendance, former president george w. bush and laura bush, too. the president-elect has been busy on twitter. overnight, he wrote that the intelligence briefing he's set to receive on assessments russia interfered with the election has been delayed until friday. quote, perhaps more time needed to build a case. adding, very strange. but a senior intelligence official calls that tweet adversarial, telling nbc news that that intelligence briefing with top officials was
are built in gm's assembly plant in lordstown, ohio.old last year, fewer than 2.5% were made in mexico. and as trump blasted gm on mexican-made cars, rival ford committed $700 million to a u.s. plant. >> we're looking at some of the pro-growth policies that he's been talking about so, you know, clearly, this is a vote of confidence that he can deliver on that. >> reporter: that wasn't the only olive branch offered to trump tuesday. turns out, former rival hillary clinton will attend...