By Tom Krisher/AP Auto Writer DETROIT (AP) — In another tweet targeting a U.S. company, President-elect Donald Trump threatened Tuesday to slap a tax on General Motors for importing compact cars to the U.S. from Mexico. But GM imports only a small percentage of its Chevrolet Cruze small cars from Mexico, with the vast majority
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Category: Manufacturing/Industry
Trump’s latest US corporate Twitter target: General Motors
By Tom Krisher/AP Auto Writer DETROIT (AP) — In another tweet targeting a U.S. company, President-elect Donald Trump threatened Tuesday to slap a tax on General Motors for importing compact cars to the U.S. from Mexico. But GM imports only a small percentage of its Chevrolet Cruze small cars from Mexico, with the vast majority
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Ford cancels plan to build new Mexican plant, adds US jobs
FLAT ROCK, Mich. (AP) — Ford is canceling plans to build a new $1.6 billion factory in Mexico and will invest $700 million in a Michigan plant to build new electric and autonomous vehicles. Ford, however, still plans to shift production of the Focus small car to Mexico and will make the car at an
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Ford cancels plan to build new Mexican plant, adds US jobs
FLAT ROCK, Mich. (AP) — Ford is canceling plans to build a new $1.6 billion factory in Mexico and will invest $700 million in a Michigan plant to build new electric and autonomous vehicles. Ford, however, still plans to shift production of the Focus small car to Mexico and will make the car at an
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Idaho oil and gas industry growing; new potential areas eyed
By Keith Ridler, Associated Press BOISE, Idaho (AP) — The amount of severance taxes generated by Idaho’s oil and gas industry is getting close to paying what it costs the state to regulate that industry. Idaho Department of Lands Director Tom Schultz estimates that 2017 severance taxes will come close to the break-even point as
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GM to temporarily close 5 factories as car inventory builds
DETROIT (AP) — General Motors will temporarily close five factories next month as it tries to reduce a growing inventory of cars on dealer lots. The factories will close anywhere from one to three weeks due to the ongoing U.S. market shift toward trucks and SUVs, spokeswoman Dayna Hart said Monday. Just over 10,000 workers
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