Trump’s Auto Comeback Claim Ignores Previous $46 Billion Investment
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President Donald Trump is overlooking a significant sum when he says automakers are building and expanding U.S. auto plants for the first time in decades.
Carmakers announced about $77 billion in U.S. auto facility investment during the eight years Barack Obama was president, according to the Center for Automotive Research. That runs counter to Trump’s claim Tuesday that Fiat Chrysler Automobiles NV, Toyota Motor Corp. and Mazda Motor Corp. are among the first to spend on U.S. vehicle manufacturing in years.