Trump hails ‘booming investment' in Detroit while auto manufacturing jobs have fallen every month since Liberation Day [Fortune]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Fortune
President Donald Trump arrived in Detroit on Tuesday to celebrate what he called a historic manufacturing revival, boasting that “investment is booming” and turbocharging growth. But the auto industry's supposed recovery has yet to show up where it matters most for workers: payrolls. Manufacturing jobs, including in the automotive sector, have declined every month since Liberation Day, according to labor data. Standing in the car-making capital of the world, the President spent nearly an hour detailing an $18 trillion global investment surge and a stock market that has set 48 records in eleven months. “Growth is exploding, productivity is soaring, investment is booming,” the President claimed. “We have quickly gone from the worst numbers on record to the best and strongest.” The President's speech leaned heavily on commitments: $5 billion from Ford, $13 billion from Stellantis , and another, massive re-shoring effort from General Motors . “U.S. auto factories are now seeing mor
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