The auto industry has a history of making deals with the devil, and the devil has been Trump.
Auto industry leaders and executives say the new administration has shown its true colors when it comes to protecting its members.
They are warning the White House that it’s time to rethink its anti-union, anti-labor policies.
“The auto industry was already losing money before this year and is still losing money,” said Jeff Williams, president of the American Automobile Association.
“I think it’s a pretty obvious point, if you will, to get rid of this guy.”
A lot of auto companies have gone out of business over the past decade because they did not have the money to keep their operations going, he added.
“We are going to be in a lot of trouble, financially, if we don’t start paying for our cars.”
Williams, who has long been a vocal critic of President Trump, says that, for the last two decades, the auto business has been on a tear, with sales increasing from a low point in the 1980s to the high point in 2013.
In 2017, sales jumped 8.6% year over year, he said.
Auto sales have been growing in a variety of ways, but there is one area where auto sales have actually fallen: in China.
“They are taking away from the U.S. market, and that’s the biggest threat to us,” Williams said.
“They’re not only taking away market share from us, they’re taking away their ability to buy from us.”
Williams said the industry is losing money in China because Chinese workers are not allowed to work in the United States, and are therefore not paid the same wage as Americans.
This has meant that the auto companies are losing money, he says.
“There are a lot more people out there who are getting laid off, and we have to pay for their losses,” he said, adding that the United Auto Workers (UAW) and other labor unions are trying to help the industry find jobs.
Williams also said that Trump is trying to push auto companies to invest in the U, but that is not the only problem the administration is facing.
“The president is making a lot to protect American jobs and manufacturing, but he’s also going to try to protect other countries jobs,” he added, referring to trade negotiations.
“I am not going to give up on the auto sector because of Trump,” Williams added.
Trump has also made promises to increase spending on infrastructure and to protect manufacturing jobs, but so far, none of those have come true.
Williams said that auto companies need to look beyond their domestic market and look at the global market.
“A lot is going to depend on what happens in the global economy,” he explained.
“What happens in China is a problem for America.
What happens in Germany is a real problem for the U-turn in Europe.”
Williams says the auto-manufacturing industry is being left behind by the rise of China.
“China is the number one market in the world, and they’re going to keep growing,” he noted.
“There’s not going be a way to compete with them in that market.”
Williams pointed to other industries that have been left behind.
“You have the auto plant in China,” he continued.
“If you look at what’s happening with the auto factory in Mexico, you see what is happening with other plants.
They’re closing factories.
They aren’t producing anything.
They can’t keep their cars.
They have to lay off people.
There’s no way to build a product here anymore.”
And I think that’s going to get worse,” he concluded.