President Donald Trump said at a press conference that automakers in the U.S. must build entire vehicles, including all of their parts, in the country, Reuters reports. “He’s going to end up building his whole car here. Pretty much he does,” Trump said referring to Musk, according to Reuters. “All of the manufacturers will build their parts here too. It used to bother me they make a part in Canada, a part in Mexico, a part in Europe, and sent all over the place, and nobody knew what the hell was happening… But over the next year, they’ve got to have the whole thing built in America. That’s what we want.” Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
Disclaimer & DisclosureReport an Issue