Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory as it expands its electric vehicle and hybrid offerings. The second largest U.S. automaker had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans. (Reporting by David Shepardson; Editing by Chizu Nomiyama)
Trump Wins Again: House GOP Reverses Ethics Change House Republican's vote to strip the Ethics Office of independence, Trump lashed out with a tweet suggesting Congress' time be better spent on other things... and just minutes ago, following an emergency meeting, Republicans have confirmed the amendment has been pulled. As a reminder, House Republicans abruptly voted on Monday night to eliminate the independence of the Office of Congressional Ethics, the chamber’s nonpartisan ethics board which investigates lawmakers' alleged misconduct, largely stripping it of its power, leading to pushback from Democrats and government watchdog groups. House Republicans, meeting as a group Monday night, approved an amendment from House Judiciary Committee Chairman Bob Goodlatte that would place the office under the oversight of the lawmaker-run House Ethics Committee. And Trump responded... Which led House Republicans to hold an emergency meeting, resulting in... *HOUSE GOP REVERSES COURSE ON ETHICS CHANGE AFTER TRUMP TWEETS Trump wins again!
Playing devil's advocate here; but wouldn't you want the best PR and announce any investment into the US in a nationalistic environment? I mean, who really cared about any billion dollar deals announced during Obama? seems like smart marketing. Then again, strong arming does work on the short term too.
Trolls poised to boom under Trump. Wait. Tolls poised to boom under Trump. Well, Toll roads poised to boom under Trump plan. Whatever. http://thehill.com/policy/transportation/313145-toll-roads-poised-to-boom-under-trump-plan
ahemm, correcting the record Fiat-Chrysler just announced it will invest $1 billion in plants in Michigan and Ohio, where it will build three new Jeep models and some additional Ram trucks. Trump tweet-cheered the news and said, “it’s finally happening,” as if the automaker were responding directly to his entreaties. Marchionne corrected that misimpression: “I wish I could give [Trump] credit for this, but the thinking was in place beforehand.” http://finance.yahoo.com/news/fiat-chrysler-ceo-dont-crush-mexico-214425191.html