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Fiat Chrysler announced on Monday that the original planned investment in Mexico will be transferred to the United States, becoming the latest company in the United States to take similar actions among the three largest auto giants. In response, the Jefferies Group sent such information to the investment: "Selling manpower and buying robots." Jefferies said in a report to customers on Tuesday that manufacturers are setting up new factories and upgrading old ones. The huge spending on the factory will be mainly used to increase the degree of automation of the factory, rather than create as many jobs as the US president-elect Donald Trump expected. The team headed by Sean Darby, head of global equity strategy, said: “As the dollar strengthens and wage pressures rise, US companies need to increase automation investments.†
Fiat Chrysler announced that it will invest $1 billion in U.S. factories and create 2,000 additional jobs in the Midwest. Prior to the company, Ford Motor Co. said it would abandon plans to invest $1 billion in setting up a plant in Mexico and will invest in Michigan. After the two companies announced the decision, Trump made a tweeting announcement, either categorizing it as his own merits, or expressing his pleasure with such actions, saying that it was evidence that the US manufacturing industry would return to prosperity. Wall Street is skeptical that the carmakers in the Midwest can create more job opportunities. “In 2017, carrying out a physical task in the high-cost labor market will only increase the chances of task automation,†said analyst Sanford C. Bernstein & Co., led by Michael Parker, in a report last month. Said, "Production activities may be 'home', but it does not bring job opportunities, "Ultimately the United States may increase its investment in robots as China does. They said: "If companies are really investing in the United States, they need to increase their productivity by reducing unit labor costs."
Fiat Chrysler announced that it will invest $1 billion in U.S. factories and create 2,000 additional jobs in the Midwest. Prior to the company, Ford Motor Co. said it would abandon plans to invest $1 billion in setting up a plant in Mexico and will invest in Michigan. After the two companies announced the decision, Trump made a tweeting announcement, either categorizing it as his own merits, or expressing his pleasure with such actions, saying that it was evidence that the US manufacturing industry would return to prosperity. Wall Street is skeptical that the carmakers in the Midwest can create more job opportunities. “In 2017, carrying out a physical task in the high-cost labor market will only increase the chances of task automation,†said analyst Sanford C. Bernstein & Co., led by Michael Parker, in a report last month. Said, "Production activities may be 'home', but it does not bring job opportunities, "Ultimately the United States may increase its investment in robots as China does. They said: "If companies are really investing in the United States, they need to increase their productivity by reducing unit labor costs."
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