Trump Is Squeezing Detroit at the Worst Possible Time
- More than 100 auto factories closed under last two presidents
- Profitable carmakers now being lured with eased rules, taxes
Trump Delivers Manufacturing, Jobs Message to Auto CEOs
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President Donald Trump is asking U.S. automakers to invest in domestic manufacturing at a bad time.
Car sales have gained for seven-straight years after the U.S. auto bailouts and the financial crisis, a streak that’s close to running out of gas. That’s a recipe for trouble facing companies wary of undoing the painful but necessary steps they took to shut dozens of factories across the country, before and during a more than $70 billion government bailout.