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Trump Dangles Incentives to Auto CEOs in Push to Lure Factories

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Bloomberg business news

Trump Delivers Manufacturing, Jobs Message to Auto CEOs

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After months of heaping criticism on automakers for adding jobs overseas, President Donald Trump revealed a different side in his first White House sit-down with the industry’s top executives.

Surrounded by the chief executives of General Motors Co., Fiat Chrysler Automobiles NV and Ford Motor Co., Trump laid out the incentives he’ll offer the companies to attract new plants in the U.S. “We’re bringing manufacturing back to the U.S.,” he said. “We’re reducing taxes, very substantially, and we’re reducing unnecessary regulations.”