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Associated Press

The three leaders of Detroit's big automakers met with President Trump in the Roosevelt room Tuesday to discuss the best way to protect American factory jobs. At the top of the meeting Trump he'd be "very friendly" with auto firms when it comes to environmental regulations, and that he will direct regulators to approve new projects quickly.

But he also took a firm stance on new investment, promising a "big push" on new factories in the United States. What investments automakers have announced since election day have been expansions of existing facilities.

We're bringing manufacturing back to the United States, big league. — Trump at meeting with auto CEOS

Nuts and bolts: Auto stocks climbed higher following the meeting, on expectations that a Trump EPA will ease fuel-efficiency standards.

What's next: Today's meeting was a good photo op, but actions speak louder than words. Auto execs are wary of investing in too much capacity or labor, as this mistake is what threatened their very existence nearly a decade ago. The Trump White House will be expecting just that, however, and lower regulations might not be an adequate offer to get what he wants.

Go deeper

Updated 1 hour ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: Key information about the effective COVID-19 vaccines — Oxford and AstraZeneca's vaccine won't just go to rich countries.
  2. Health: U.S. coronavirus hospitalizations keep breaking recordsWhy we're numb to 250,000 deaths.
  3. World: England to impose stricter regional systemU.S. hotspots far outpacing Europe's — Portugal to ban domestic travel for national holidays.
  4. Economy: The biggest pandemic labor market drags.
  5. Sports: Coronavirus precautions leave college basketball schedule in flux.

Michigan board certifies Biden's win

Poll workers count absentee ballots in Detroit, Michigan on Nov. 4. Photo: Salwan Georges/The Washington Post via Getty Images

The Michigan Board of State Canvassers certified the state's election results on Monday, making President-elect Joe Biden's win there official and granting him the state's 16 electoral votes.

Why it matters: Republican Party leaders had unsuccessfully appealed to delay the official certification, amid the Trump campaign's failed legal challenges in key swing states.