After winning the election in November, Republican Presidential nominee sat with the executives of Ford motor, which was planning to shut down a light vehicle factory in the United States and move to Mexico, to persuade them to stay. He laid out his vision that, if the motor company plans to move out of the United States and manufacture in Mexico or somewhere else and plans to sell the cars back in the United States they would be facing a punitive tariff of as much as 35 percent on those cars. The company canceled the shutdown of the plant and yesterday announced that it is cancelling its plans for a $1.6 billion Mexican plant. Instead the company would invest $700 million in its factory in Flat Rock, Michigan, where it would create 700 jobs. In October, Ford idled the Flat Rock plant following declining sales of the Mustang, its iconic muscle car. The company said the $700m investment in Flat Rock, which employs 3,700 workers, would come from the money saved by not building the Mexican site, though it did not say whether it would invest the rest of the leftover money in Mexico or the US. The company said on Tuesday that the tax and regulatory reforms proposed by the president-elect led to its decision to invest $700 million in its factory in Flat Rock. This has been a huge success for Mr. Trump, who is yet to be formally inaugurated as the President of the United States.

After his success with Ford, Mr. Trump has targeted General Motors. He criticized the company via his tweets over its production in Mexico and selling back to the United States. On Tuesday, he said, “General Motors is sending Mexican made model of Chevy Cruze to US car dealers-tax free across border. Make in USA or pay big border tax!” He has also used his tweeter to criticize the high costs of Boeing and Lockheed Martin for their exaggerated costs for Air force one and F-35 fighter jets programs.