Trump talks to U.S. automakers, pushes for new American plantsWASHINGTON (Reuters) - U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico. Trump, who has threatened to impose 35 percent tariffs on imported vehicles, opened a White House meeting with General Motors Co CEO Mary Barra, Ford Motor Co’s Mark Fields and Fiat Chrysler Automobiles NV’s Sergio Marchionne by saying he wanted to see more auto plants in the United States. In return, the new Republican president has vowed to cut regulations and taxes to make it more attractive for businesses to operate in the United States. He promised during his campaign to be a job-creating president and stressed that message in his inaugural address last Friday. “We have a very big push on to have auto plants and other plants - many other plants,” he told reporters at the start of the meeting. “It’s happening. It’s happening big league.” Matt Blunt, who heads a U.S. automaker trade association and attended the meeting, told Reuters that Trump asked what his administration could do “on domestic and trade policy that would help make the United States more competitive and strengthen the ability of automakers to add production here.” The hour-long meeting was the latest sign of Trump’s uncommon degree of intervention for a U.S. president into corporate affairs as he has repeatedly pressured automakers and other manufacturers to “buy American and hire American.” It was the first time the heads of the big three automakers met jointly with a U.S. president since a 2011 session with Barack Obama to tout a deal to nearly double fuel efficiency standards by 2025. Automakers have urged the Trump administration to rethink those aggressive mandates. The auto executives on Tuesday raised the issue of the fuel efficiency rules, trade policy and other regulatory matters, another person briefed on the meeting said. Marchionne told reporters afterward that Trump did not give them specifics on what regulations he would cut. The companies also discussed autonomous and electric vehicles and Trump asked about advanced vehicles, the person said. With flattening U.S. auto sales and excess capacity in the United States, U.S. automakers have been reluctant to open new U.S. auto plants in recent years. GM and Ford last built new U.S. assembly plants in 2004, while Fiat Chrysler opened a new transmission plant in Indiana in 2014. Kristin Dziczek, an analyst at the Michigan-based Center for Automotive Research, said automakers still had excess capacity in North America after suffering in the 1990s and 2000s from overcapacity and shifts in market share. Building a new plant would take three or more years and cost at least $1 billion, industry experts said. Automakers have expanded operations at existing U.S. plants to meet rising demand for trucks and SUVs. GM, Ford, Fiat Chrysler and foreign automakers have announced new U.S. jobs and investments in recent weeks.  Coinciding with Tuesday’s meeting, Toyota Motor Corp said it would add 400 jobs and invest $600 million in an Indiana plant, aiming to boost production of a popular SUV by 10 percent. Ford’s Fields said automakers wanted to work with Trump to create a “renaissance in American manufacturing” and that Trump’s economic priorities were encouraging, including his move on Monday to formally bow out of the 12-nation Trans-Pacific Partnership trade pact championed by Obama.  “The mother of all trade barriers is currency manipulation. And TPP failed in meaningfully dealing with that, and we appreciate the president’s courage to walk away from a bad trade deal,” Fields told reporters after the meeting. Barra said there was a “huge opportunity” to work together with the government to “improve the environment, improve safety and improve the jobs creation.” U.S. automakers have collectively added more than 78,000 jobs since 2009, the year when GM and Chrysler, now a unit of Italian-American Fiat Chrysler, filed for bankruptcy as part of government bailouts during the U.S. recession. They have invested more than $40 billion in U.S. facilities during that period.  Despite the vocal pressure from Trump, the companies are unlikely to truly change their existing business plans for now, said Sam Fiorani, vice president of global vehicle forecasting with AutoForecast Solutions. “We need to have more concrete policies from the president,” he said. “Automakers will make decisions on whether there is a solid business case. Does it make more sense to build outside the U.S. or to build in the U.S.?” GM said in 2014 it would invest $5 billion in Mexico through 2018, a move that would allow it to double its production capacity, and Barra has said the automaker is not reconsidering the plan. While automakers are adding U.S. jobs, they are also cutting U.S. production of small cars. On Monday, GM ended two shifts of production of small cars in Ohio and Michigan, cutting about 2,000 jobs. Barclays auto analyst Brian Johnson said in a note on Tuesday that “automakers will be willing to make a deal that would bring back jobs to the U.S. in return for a slower ramp of (fuel efficiency) targets and related state-level mandates.”  Auto stocks rose on Tuesday. U.S.-listed shares of Fiat Chrysler gained 5.84 percent to $10.88, while Ford was up 2.44 percent to $12.61 and GM rose 0.96 percent to $37. politicsNews
trump talks automakers pushes new american plantswashington reuters president donald trump urged chief executives big three automakers tuesday build cars country pressing pledge bring jobs america discourage car industry investing mexico trump threatened impose percent tariffs imported vehicles opened white house meeting general motors co ceo mary barra ford motor co mark fields fiat chrysler automobiles nv sergio marchionne saying wanted see auto plants united states in return new republican president vowed cut regulations taxes make attractive businesses operate united states he promised campaign president stressed message inaugural address last friday we big push auto plants plants many plants told reporters start meeting it happening it happening big matt blunt heads automated trade association attended meeting told reuters trump asked administration could domestic trade policy would help make united states competitive strengthen ability automakers add production the meeting latest sign trump uncommon degree intervention president corporate affairs repeatedly pressured automakers manufacturers buy american hire it first time heads big three automakers met jointly president since session barack obama tout deal nearly double fuel efficiency standards automakers urged trump administration rethink aggressive mandates the auto executives tuesday raised issue fuel efficiency rules trade policy regulatory matters another person briefed meeting said marchionne told reporters afterward trump give specifics regulations would cut the companies also discussed autonomous electric vehicles trump asked advanced vehicles person said with flattering auto sales excess capacity united states automakers reluctant open new auto plants recent years gm ford last built new assembly plants fiat chrysler opened new transmission plant indiana kristen dziczek analyst center automotive research said automakers still excess capacity north america suffering overcapacity shifts market share building new plant would take three years cost least billion industry experts said automakers expanded operations existing plants meet rising demand trucks sus gm ford fiat chrysler foreign automakers announced new jobs investments recent weeks coinciding tuesday meeting toyota motor corp said would add jobs invest million indiana plant aiming boost production popular suv percent ford fields said automakers wanted work trump create renaissance american manufacturing trump economic priorities encouraging including move monday formally bow partnership trade pact championed obama the mother trade barriers currency manipulation and tpp failed meaningfully dealing appreciate president courage walk away bad trade deal fields told reporters meeting barra said huge opportunity work together government improve environment improve safety improve jobs automakers collectively added jobs since year gm chrysler unit fiat chrysler filed bankruptcy part government bailout recession they invested billion facilities period despite vocal pressure trump companies unlikely truly change existing business plans said sam giorni vice president global vehicle forecasting autoforecast solutions we need concrete policies president said automakers make decisions whether solid business case does make sense build outside build gm said would invest billion mexico move would allow double production capacity barra said automated considering plan while automakers adding jobs also cutting production small cars on monday gm ended two shifts production small cars ohio michigan cutting jobs barclays auto analyst brian johnson said note tuesday automakers willing make deal would bring back jobs return slower ramp fuel efficiency targets related auto stocks rose tuesday shares fiat chrysler gained percent ford percent gm rose percent politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Trump talks to U.S. automakers, pushes for new American plantsWASHINGTON (Reuters) - U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico. Trump, who has threatened to impose 35 percent tariffs on imported vehicles, opened a White House meeting with General Motors Co CEO Mary Barra, Ford Motor Co’s Mark Fields and Fiat Chrysler Automobiles NV’s Sergio Marchionne by saying he wanted to see more auto plants in the United States. In return, the new Republican president has vowed to cut regulations and taxes to make it more attractive for businesses to operate in the United States. He promised during his campaign to be a job-creating president and stressed that message in his inaugural address last Friday. “We have a very big push on to have auto plants and other plants - many other plants,” he told reporters at the start of the meeting. “It’s happening. It’s happening big league.” Matt Blunt, who heads a U.S. automaker trade association and attended the meeting, told Reuters that Trump asked what his administration could do “on domestic and trade policy that would help make the United States more competitive and strengthen the ability of automakers to add production here.” The hour-long meeting was the latest sign of Trump’s uncommon degree of intervention for a U.S. president into corporate affairs as he has repeatedly pressured automakers and other manufacturers to “buy American and hire American.” It was the first time the heads of the big three automakers met jointly with a U.S. president since a 2011 session with Barack Obama to tout a deal to nearly double fuel efficiency standards by 2025. Automakers have urged the Trump administration to rethink those aggressive mandates. The auto executives on Tuesday raised the issue of the fuel efficiency rules, trade policy and other regulatory matters, another person briefed on the meeting said. Marchionne told reporters afterward that Trump did not give them specifics on what regulations he would cut. The companies also discussed autonomous and electric vehicles and Trump asked about advanced vehicles, the person said. With flattening U.S. auto sales and excess capacity in the United States, U.S. automakers have been reluctant to open new U.S. auto plants in recent years. GM and Ford last built new U.S. assembly plants in 2004, while Fiat Chrysler opened a new transmission plant in Indiana in 2014. Kristin Dziczek, an analyst at the Michigan-based Center for Automotive Research, said automakers still had excess capacity in North America after suffering in the 1990s and 2000s from overcapacity and shifts in market share. Building a new plant would take three or more years and cost at least $1 billion, industry experts said. Automakers have expanded operations at existing U.S. plants to meet rising demand for trucks and SUVs. GM, Ford, Fiat Chrysler and foreign automakers have announced new U.S. jobs and investments in recent weeks.  Coinciding with Tuesday’s meeting, Toyota Motor Corp said it would add 400 jobs and invest $600 million in an Indiana plant, aiming to boost production of a popular SUV by 10 percent. Ford’s Fields said automakers wanted to work with Trump to create a “renaissance in American manufacturing” and that Trump’s economic priorities were encouraging, including his move on Monday to formally bow out of the 12-nation Trans-Pacific Partnership trade pact championed by Obama.  “The mother of all trade barriers is currency manipulation. And TPP failed in meaningfully dealing with that, and we appreciate the president’s courage to walk away from a bad trade deal,” Fields told reporters after the meeting. Barra said there was a “huge opportunity” to work together with the government to “improve the environment, improve safety and improve the jobs creation.” U.S. automakers have collectively added more than 78,000 jobs since 2009, the year when GM and Chrysler, now a unit of Italian-American Fiat Chrysler, filed for bankruptcy as part of government bailouts during the U.S. recession. They have invested more than $40 billion in U.S. facilities during that period.  Despite the vocal pressure from Trump, the companies are unlikely to truly change their existing business plans for now, said Sam Fiorani, vice president of global vehicle forecasting with AutoForecast Solutions. “We need to have more concrete policies from the president,” he said. “Automakers will make decisions on whether there is a solid business case. Does it make more sense to build outside the U.S. or to build in the U.S.?” GM said in 2014 it would invest $5 billion in Mexico through 2018, a move that would allow it to double its production capacity, and Barra has said the automaker is not reconsidering the plan. While automakers are adding U.S. jobs, they are also cutting U.S. production of small cars. On Monday, GM ended two shifts of production of small cars in Ohio and Michigan, cutting about 2,000 jobs. Barclays auto analyst Brian Johnson said in a note on Tuesday that “automakers will be willing to make a deal that would bring back jobs to the U.S. in return for a slower ramp of (fuel efficiency) targets and related state-level mandates.”  Auto stocks rose on Tuesday. U.S.-listed shares of Fiat Chrysler gained 5.84 percent to $10.88, while Ford was up 2.44 percent to $12.61 and GM rose 0.96 percent to $37. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump talks automakers pushes new american plantswashington reuters president donald trump urged chief executives big three automakers tuesday build cars country pressing pledge bring jobs america discourage car industry investing mexico trump threatened impose percent tariffs imported vehicles opened white house meeting general motors co ceo mary barra ford motor co mark fields fiat chrysler automobiles nv sergio marchionne saying wanted see auto plants united states in return new republican president vowed cut regulations taxes make attractive businesses operate united states he promised campaign president stressed message inaugural address last friday we big push auto plants plants many plants told reporters start meeting it happening it happening big matt blunt heads automated trade association attended meeting told reuters trump asked administration could domestic trade policy would help make united states competitive strengthen ability automakers add production the meeting latest sign trump uncommon degree intervention president corporate affairs repeatedly pressured automakers manufacturers buy american hire it first time heads big three automakers met jointly president since session barack obama tout deal nearly double fuel efficiency standards automakers urged trump administration rethink aggressive mandates the auto executives tuesday raised issue fuel efficiency rules trade policy regulatory matters another person briefed meeting said marchionne told reporters afterward trump give specifics regulations would cut the companies also discussed autonomous electric vehicles trump asked advanced vehicles person said with flattering auto sales excess capacity united states automakers reluctant open new auto plants recent years gm ford last built new assembly plants fiat chrysler opened new transmission plant indiana kristen dziczek analyst center automotive research said automakers still excess capacity north america suffering overcapacity shifts market share building new plant would take three years cost least billion industry experts said automakers expanded operations existing plants meet rising demand trucks sus gm ford fiat chrysler foreign automakers announced new jobs investments recent weeks coinciding tuesday meeting toyota motor corp said would add jobs invest million indiana plant aiming boost production popular suv percent ford fields said automakers wanted work trump create renaissance american manufacturing trump economic priorities encouraging including move monday formally bow partnership trade pact championed obama the mother trade barriers currency manipulation and tpp failed meaningfully dealing appreciate president courage walk away bad trade deal fields told reporters meeting barra said huge opportunity work together government improve environment improve safety improve jobs automakers collectively added jobs since year gm chrysler unit fiat chrysler filed bankruptcy part government bailout recession they invested billion facilities period despite vocal pressure trump companies unlikely truly change existing business plans said sam giorni vice president global vehicle forecasting autoforecast solutions we need concrete policies president said automakers make decisions whether solid business case does make sense build outside build gm said would invest billion mexico move would allow double production capacity barra said automated considering plan while automakers adding jobs also cutting production small cars on monday gm ended two shifts production small cars ohio michigan cutting jobs barclays auto analyst brian johnson said note tuesday automakers willing make deal would bring back jobs return slower ramp fuel efficiency targets related auto stocks rose tuesday shares fiat chrysler gained percent ford percent gm rose percent politicsnews