Latest Global Business News

Jack Ma meets Trump; Toyota plans to invest $10bil in USA after border tax threats

 
Global carmakers, such as Toyota, Ford and Fiat Chrysler, have announced in recent days new plans to move production to the United States or to improve existing factories there.
 
And their decisions follow harsh criticism -- or praise in some cases -- from U.S. President-elect Donald Trump.
 
With just ten days left until Trump takes the Oval Office... our Park Ji-won takes a look at the famously outspoken businessman's efforts to steer industry back to American soil. Japanese automobile giant Toyota has announced it'll invest ten billion dollars in the U.S. over the next five years.
 
The firm's CEO for North America, Jim Lentz, revealed the plans on Monday... in a media interview at the Detroit Motor Show.
 
Although he claimed the investment plan was not affected by the incoming Trump administration's policies and was part of an already-existing strategy,... the U.S. president-elect has harshly criticized Toyota for setting up a new factory in Mexico.
 
Trump tweeted that if the company builds the plant there, it will face a big tariff.
 
He went on to compliment carmakers Fiat Chrysler and Ford... for deciding to invest more in America.
On Sunday, Fiat Chrysler announced it would invest around one billion dollars to produce three Jeep models in the U.S. , which it said would create around two thousand jobs,... though the exact size of the investment could change.
 
toyota plans to invest 10bil in usa trump meets jackma
 
Last week, Ford canceled a plan to build a one-point-six-billion-dollar plant in Mexico,... and said it will instead invest seven-hundred million in a Michigan factory,... after harsh criticism from Trump.
 
Meanwhile,... on Monday, Donald Trump met in Trump Tower with the founder and CEO of Chinese e-commerce giant Alibaba, Jack Ma, to discuss bilateral business relations.
 
There, Ma vowed to create one million jobs in the U.S. "We had a great meeting. Great, great entrepreneur, one of the best in the world. He loves this country and he loves China." "We mainly talked about a small business and young people and American agriculture products to China. And we also think that China-U.S. relationship should be strengthened, should be more friendly and do better."
 
Trump's tweeting seems to have companies falling in line with the new administration's policies,... but it remains to be seen whether they will keep their promises or if the pursuit of profit will lead them elsewhere.
 

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Business

US, China trade talks will be successful: Trump
US, China trade talks will be successful: Trump

  The U.S.-China trade dispute that rocked global financial markets in recent mo [ ... ]

Read more la
Trump renews attack against Federal Reserve, claiming it has hindered US growth
Trump renews attack against Federal Reserve, claiming it has hindered US growth

  Blaming the U.S. Federal Reserve for hindering the country's economic growth [ ... ]

Read more la
IMF official warns global economy facing various threats; downgrades forecast
IMF official warns global economy facing various threats; downgrades forecast

  The head of the IMF is warning that the global economy,... which is alread [ ... ]

Read more la
EU leaders agree to delay Brexit until October 31
EU leaders agree to delay Brexit until October 31

  EU leaders have granted an extension to Brexit, setting a new deadline of Octobe [ ... ]

Read more la
Ghosn: ‘Conspiracy at Nissan led to my arrest’
Ghosn: ‘Conspiracy at Nissan led to my arrest’

  Former Nissan Chairman Carlos Ghosn has claimed he is innocent and accused e [ ... ]

Read more la
Cryptocurrency and its future outlook
Cryptocurrency and its future outlook

  We're seeing more and more people in South Korea using services involving  [ ... ]

Read more la
Jeff Bezos remains world's richest after most expensive divorce on earth
Jeff Bezos remains world's richest after most expensive divorce on earth

  The founder of Amazon has finalized his divorce with his now ex-wife,... a [ ... ]

Read more la
US China close in on final trade agreement to end spat
US China close in on final trade agreement to end spat

  The U.S. and China are negotiating a way to end their trade spat. This ro [ ... ]

Read more la
IMF chief says global economic growth has lost momentum
IMF chief says global economic growth has lost momentum

  The head of the IMF Christine Lagarde.... is warning that global economi [ ... ]

Read more la
Market action for the week in global stocks
Market action for the week in global stocks

  29 March 2019 - It's time now for an in-depth look at the market action to [ ... ]

Read more la
Europe's first underwater restaurant opens in Norway
Europe's first underwater restaurant opens in Norway

  Europe's first underwater restaurant has opened in Norway with more than sev [ ... ]

Read more la
Samsung issues rare profit warning for Q1 2019
Samsung issues rare profit warning for Q1 2019

  Samsung Electronics has taken the rare step of announcing that it expects  [ ... ]

Read more la
China orders 300 planes from Airbus worth 34 billion
China orders 300 planes from Airbus worth 34 billion

  Chinese President Xi Jinping and French President Emmanuel Macron have signed 15 [ ... ]

Read more la
Italy becomes first G7 nation to sign up for China's 'Belt and Road'
Italy becomes first G7 nation to sign up for China's 'Belt and Road'

  Despite concerns raised by the U.S. and the European Union, Italy has signed [ ... ]

Read more la
Google slapped with third antitrust fine of US$1.7 bil by EU
Google slapped with third antitrust fine of US$1.7 bil by EU

  The EU has slapped Google with another big antitrust fine,.... this one for on [ ... ]

Read more la
Fed keeps benchmark interest rate unchanged at 2.25-2.5% range
Fed keeps benchmark interest rate unchanged at 2.25-2.5% range

  The Federal Reserve has left U.S. rates unchaged. No more rate hikes are  [ ... ]

Read more la

Our Sponsors


La Latest

Miniature guide horse in training for the blind on Newcastle Metro

  A miniature guide horse is being trained on the Tyne and Wear Metro in prepara [ ... ]

Read more la
Sri Lanka terror attacks leave more than 100 people dead

  At least 138 people have been killed in a series of bomb blasts in Sri Lan [ ... ]

Read more la
Disabled people to benefit from latest AI technology

  Today is the national day for people with disabilities here in Korea.  [ ... ]

Read more la
US, China trade talks will be successful: Trump

  The U.S.-China trade dispute that rocked global financial markets in recent mo [ ... ]

Read more la
SimplyGo: Taking the MRT requires no Top-Ups anymore

Use Your Mastercard® Contactless Bank Cards for Public Transport, with No Need for Top-Ups. The Lan [ ... ]

Read more la
Magnitude 6.1 earthquake hits east Taiwan, leaving 17 hurt

  A magnitude 6-point-1 earthquake struck Taiwan's coastal city of Hualien o [ ... ]

Read more la
Reenactment of Jesus' Crucifixion in Philippines

  Christian worshipers in the Philippines have re-enacted the crucifixion of Jesus C [ ... ]

Read more la
Actress Emma Thompson joins London climate protest

  Actress Emma Thompson has joined in on the climate protests in London, addre [ ... ]

Read more la

La Entertain

Kris Wu sings to mother at Nanjing Alive Tour; girlfriend Guli Nazha on mc

On 20 April 2019 Saturday night, Kris Wu was holding his concert in Nanjing and charmed his fans wit [ ... ]

Read more la
Lynn Hung's twin daughters celebrate birthdays, Kaylor & Lyvia Kwok, not with ex-boyfriend Aaron Kwok

On 19 April 2019, Lynn Hung (38, Xiong Dailin) shares photos of her twin daughters celebrating their [ ... ]

Read more la
Eric Moo's daughter Yonghuan inherits sexy hour glass figure from wife Peng Mei Jun

On 19 April 2019, Malaysian-Chinese singer Eric Moo (Wu Qixian, 56) shares close-up and slightly sex [ ... ]

Read more la
JD Boss Liu Qiangdong Richard accused of rape by Ecupper Liu Jingyao from professor class again; mistress?

On 16 April 2019, a lady by the name of Liu Jingyao formally filed a case against JD(.)com boss, Liu [ ... ]

Read more la
Sammi Cheng forgives husband Andy Hui; Jacqueline Wong says sorry to boyfriend Kenneth Ma

On 18 April 2019, Sammi Cheng explains that in a marriage, both husband and wife provides each other [ ... ]

Read more la
Aaron Kwok wife Moka Fang welcomes 2nd daughter after Chantelle Kwok

On 18 April 2019, Aaron Kwok (53) welcomes his second baby daughter with young wife Moka Fang (31) i [ ... ]

Read more la
Yang Yang's son will look like this? Rumoured girlfriend Zheng Shuang not married yet

Recently in April 2019, Yang Yang shares photos of his primary school days with fans. He looks to be [ ... ]

Read more la
Angelina Jolie officially divorces Brad Pitt for son

  Hollywood star Angelina Jolie has officially dropped Brad Pitt's last name,... p [ ... ]

Read more la