President-elect Donald Trump is touting decisions by Fiat Chrysler and Ford Motor Co. to expand plants and create new jobs in the U.S., as the auto industry gathers for its annual show in Detroit.
Fiat Chrysler said Sunday it will invest $1 billion in two U.S. factories to build three new Jeep vehicles, including a pickup truck. The expansion will create 2,000 new jobs. Ford last week scrapped plans to build a $1.6 billion small-car factory in Mexico, and said $700 million would go toward expanding a Michigan plant to build new electric and autonomous vehicles.
Trump has criticized the industry's strategy of building cars in Mexico and then shipping them to the U.S. He has threatened a 35 percent border tax and said the cars should be built in the U.S. by American workers.
On Monday, Trump tweeted "it's finally happening," and thanked Ford and Fiat Chrysler for the investments in the U.S.
At the show, executives from General Motors and Volkswagen said they have no plans to change production plans despite the Trump border tax threat.
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