President Trump meets with Detroit auto executives. DETROIT (AP) - The threat from President Donald Trump to tax Mexican- made cars sold in the U. S. Stop selling Mexican- made cars in the U. S. Move production to the U. S. It would create mayhem with their profitability. Prior to the meeting, Trump tweeted that he wants . The three automakers currently operate 2. U. S. Whitman says Detroit automakers can't build small cars profitably in the U. S., where a unionized auto worker can make $5. By comparison, a Mexican auto assembly worker makes a little more than $8. That helps to explain why automakers have announced $2. Mexican investments over the last six years, according to the Center for Automotive Research, a Michigan think tank. In all, $5. 0. 5 billion in vehicles and $5. U. S. Mexico's vehicle production capacity is expected to rise 4. LMC Automotive, a forecasting firm. In frequent tweets targeting the auto industry, he has proposed both a 3. Mexican- made imports and a . A detailed survey of small meetings in Asia for corporate events with CEOs, best MICE venues and top ballrooms, by Libby Peacock, and more from Smart Travel Asia and. That's forcing automakers to consider a number of options. STAY THE COURSEAbandoning Mexico and moving production to the U. S., as Trump demands, would cost the industry billions and scuttle plans that are years in the making. Audi, for example, just opened a plant in Mexico that it decided to build five years ago. BMW, for example, said it's proceeding with a $1 billion plant in Mexico that will make the 3 Series sedan starting in 2. The German automaker also noted that its SUV plant in South Carolina is its largest plant worldwide. Trump's border tax would hurt some automakers more than others. Volkswagen, for example, imports 3. U. S. But Honda imports just 1. CR- V SUV from Mexico to Indiana. PIVOT ON PRODUCTIONIn early January, Ford made the surprise announcement that it would halt construction of a $1. Mexico slated to build the compact Focus. It also announced plans to invest $7. Michigan plant where it will make new electric and autonomous cars. Ford said declining sales of small cars, not Trump, influenced the Mexico plant decision, and the company will still make the Focus in Mexico at a different plant. But Ford CEO Mark Fields noted that Trump's promise to lower corporate taxes and ease regulations would make it more attractive to do business in the U. S. Fields also said he's not worried about the possibility of tariffs. Others appear more nervous. Speaking to reporters at the Detroit auto show, Fiat Chrysler CEO Sergio Marchionne said his company might withdraw from Mexico altogether if tariffs got too high. But he could fashion tariffs that hurt some companies more than others by, for example, picking and choosing from the dozens of import classifications for vehicles and parts. SELL ELSEWHEREAutomakers could stop selling some Mexican- made cars in the U. S. They could also try to sell the cars elsewhere. Mexico has free trade agreements covering 4. European Union, Japan and South America. By comparison, the U. S. Forty- six percent were shipped to the U. S., but another 1. Canada and Saudi Arabia. Nissan could tweak those numbers if U. S. But that would raise the price tag of cars like the $1. Type A Training was established as a response to the demands of our top clients whose daily workload, corporate and personal obligations far exceed that of an average. WMAQ-TV, channel 5, is an NBC owned-and-operated television station located in Chicago, Illinois, United States. The station is owned by NBCUniversal Owned Television. Hundreds of our employees get a running start at the gym, with our subsidized gym membership. Fitness, Entrepreneurship & Fun! Home; News; Community News; Sports; Menifee Homes; Classifieds. 03.04.2017: Higher pension under Para 11 (3) of EPS 1995: BSNL CO has endorsed EPFO letter dated 23rd March 2017, mentioning that BSNL has contributed on higher wages. 24 Hour Fitness Corporate Office Address 24 Hour Fitness Worldwide Holdings, Inc. 12647 Alcosta Blvd 5th Floor San Ramon, CA 94583 Contact 24 Hour Fitness. LA Fitness Corporate Office Address LA Fitness International LLC 6400 Irvine Boulevard Irvine, California 92620 Contact LA Fitness Phone Number: (949) 502-2043. Nissan Sentra or the $2. Chevrolet Trax by thousands of dollars. Even a U. S.- built vehicle like the Toyota Camry would cost more. Jim Lentz, CEO of Toyota North America, said 2. Camry's parts are imported, and tariffs on those parts would add roughly $1,0. Automakers could swallow the cost of the tariff, but it would hurt their bottom lines. Dustin Blanchard, 3. Austin, Texas, drives a 2. Nissan Sentra that he bought for $1. His car was made in Mexico, but he didn't think much about that when he bought it. Domestic brands are made overseas and Japanese cars are made here. When he recently drank a Mexican Coke, he says, he half- joked that he better enjoy it while he can. This material may not be published, broadcast, rewritten or redistributed.
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