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GM Lied To The Public And To Trump About Where Chevrolet Cruze Sedans Sold In The USA Are Assembled

GM Lied To The Public And To Trump About Where Chevrolet Cruze Sedans Sold In The USA Are Assembled

Submitted via Duane of Free Market Shooter

On Tuesday, president-elect Trump tweeted about General Motors, stating the GM was building its Chevrolet Cruze in Mexico, importing them to the US tax-free, and selling them at US car dealers:

 

"It Finally Happened": Trump Thanks Fiat And Ford For Investing In The US, Adding New Jobs

Having succeeded in turning around Ford's plans to invest $1.6 billion in Mexico last week, and converting it into a US-targeted investment into the US last week, after similar twitter-based confrontations with Toyota and GM also last week, moments ago Trump tweeted his thanks to Fiat which as reported last night, also announced plans to invest $1 billion in Ohio plants, adding some 2,000 jobs.

FBI Arrests Volkswagen Exec Charged With Conspiracy To Defraud The US

While various other carmakers, such as GM, Ford, Fiat and Toyota, have had their share of headaches in recent weeks worried if and when Trump will tweet about them next, the epicenter of all car scandals over the past two years remains Volkswagen, and sadly for the German carmaker things continue to get worse: according to the NYT, the FBI haed arrested a Volkswagen executive on charges of conspiracy to defraud the United States. 

China Threatens To "Take Revenge" If Trump Violates "One-China" Policy As Taiwan President Lands In US

Around the time Taiwan's president Tsai Ing-wen, who last month infamously spoke to Trump putting the long-standing "One China" policy in jeopardy, made a controversial stopover in Houston, China's state-run tabloid Global Times warned U.S. President-elect Donald Trump that China would "take revenge" if he reneged on the one-China policy. 

Party Like The Dow Is 19,999: US Futures Dip As Global Currencies Stumble; Oil Down, Gold Up

Party Like The Dow Is 19,999: US Futures Dip As Global Currencies Stumble; Oil Down, Gold Up

European, Asian stocks fall and U.S. equity-index futures traded mixed on Monday with fresh memories of the Dow Jones rising to under 1 point of 20,000 on Friday. The dollar has rebounded on fresh geopolitical concerns, while the pound extends its decline from Friday and has slide to 10 week lows on a Sunday interview from Theresa May which suggested a "Hard Brexit" may be in the cards. Oil dropped below $54 a barrel on Iran supply concerns, while gold rose 0.6% to $1,180. 

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