For all the controversy President-elect Trump has created, his impending presidency seems to be having at least one immediate effect: Car production is staying in the United States.
In the last few weeks, Ford has cancelled plans for a Mexican production plant, and GM has committed to invest a billion dollars in U.S. manufacturing while adding 7,000 jobs. That news comes after Trump has publicly derided the companies for moving production out of the country.
German automakers, however, have stood firm on their existing plans for production in Mexico, even in the face of Trump’s proposed 35 percent tax on foreign cars being brought into the U.S.
Is this truly a Trump effect, or just coincidence?