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Ford scrap Mexico plant, invest in Michigan instead - CEO cites Trump policies |
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#1 |
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Join Date: Sep 2011
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Ford scrap Mexico plant, invest in Michigan instead - CEO cites Trump policies
$1.6 billion Mexican plant scrapped - money will be invested in the US Michigan plant instead. Seems the US is already moulding to Trump's and those who voted for him - views on US jobs first.
http://www.foxnews.com/politics/2017...-policies.html http://www.bbc.co.uk/news/business-38497898 |
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#2 |
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CEO cites Trump policies
25% tax on cars imported from Mexico by US companies.
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#3 |
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Quote:
$1.6 billion Mexican plant scrapped - money will be invested in the US Michigan plant instead. Seems the US is already moulding to Trump's and those who voted for him - views on US jobs first.
http://www.foxnews.com/politics/2017...-policies.html http://www.bbc.co.uk/news/business-38497898 "Ford said it needed to re-organise to use existing facilities more efficiently amid falling sales of its smaller cars... ...Ford said it would now invest some of that sum in Flat Rock" |
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#4 |
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Quote:
You should have read the article first:
"Ford said it needed to re-organise to use existing facilities more efficiently amid falling sales of its smaller cars... ...Ford said it would now invest some of that sum in Flat Rock" ![]() Quote:
CEO of Ford Mark Fields on why Mexico was abandoned today:
“As we think about the investments here in Michigan, as you can imagine, Neil, we look at a lot of factors as we make those. One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies he said he’s going to pursue. And so this is a vote of confidence.” |
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#5 |
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Quote:
25% tax on cars imported from Mexico by US companies.
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#6 |
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Quote:
You must have missed this, selective reading perhaps?
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#7 |
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Quote:
Wouldn't that be against the NAFTA agreement - or is he going to rip that up too?
That's what happens when a free trade area is under threat, producers move to where the bulk of the consumers are... |
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#8 |
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Quote:
I prefer to look at the reality rather than the sucking up to Trump.
![]() Quote:
CEO of Ford Mark Fields on why Mexico was abandoned today:
“As we think about the investments here in Michigan, as you can imagine, Neil, we look at a lot of factors as we make those. One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies he said he’s going to pursue. And so this is a vote of confidence.” |
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#9 |
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but will Mexico put up with it? They could come back with an even sweeter offer
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#10 |
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Join Date: Aug 2016
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Quote:
I wonder if Mexico will put with it? They could come back with an even sweeter offer
It's a policy that makes it hard for non US companies to do business. |
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#11 |
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Which Trump policies are pro business?
Lower corporation tax, .... |
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#12 |
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Quote:
You don't have to suck up to Trump or anyone else, just be capable of reading what the Ford CEO clearly said - crystal clear in fact, about why he abandoned Mexico. We can try it again, maybe you should have read the article?
![]() The rest is just sucking up to Trump. |
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#13 |
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Quote:
but will Mexico put up with it? They could come back with an even sweeter offer
Or put a supertax on Big Macs. |
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#14 |
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Quote:
25% tax on cars imported from Mexico by US companies.
I can only conclude I must be mistaken because otherwise that means the business world has considerably dumbed down. When will he start tweeting threats to the likes of Google and McDonalds I wonder... or even practice what he's preaching with his own business empire or perhaps start paying taxes himself? I know, I know. I'm dreaming
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#15 |
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Quote:
I didn't think countries could apply selective punitive import taxes in that manner because it breaches WTO rules.
Or at least he hasn't until now. When he is sworn in he's going to suddenly find that he doesn't have as much power as President as he thinks he has. The Constitution, Supreme Court and Congress won't be his personal playthings. |
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#16 |
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Quote:
Trump doesn't care about rules. He makes them up for himself as only a billionaire can do.
Or at least he hasn't until now. When he is sworn in he's going to suddenly find that he doesn't have as much power as President as he thinks he has. The Constitution, Supreme Court and Congress won't be his personal playthings. |
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#17 |
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Quote:
Trump doesn't care about rules. He makes them up for himself as only a billionaire can do.
Or at least he hasn't until now. When he is sworn in he's going to suddenly find that he doesn't have as much power as President as he thinks he has. The Constitution, Supreme Court and Congress won't be his personal playthings. I just want clarity as to what the rules are because I can't get my head around why, on the off chance he's talking through his wrinkly passage, that people are letting him get away with it |
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#18 |
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Quote:
US Presidents have the power to withdraw from trade treatise and impose trade tariffs. The supreme court has upheld that right, regarding it as foreign policy.
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#19 |
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Quote:
This move seems to be a triumph for US manufacturing and Trump - love him or loathe him - seems to have had an early victory here.
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#20 |
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I have to smile at all these Europhobe Brexiters, haranguing the EU for being protectionist and anti free trade whilst adoring Trump for doing EXACTLY THAT!
Anyone who believes The D is going to make life easy for post Brexit UK has a massive disappointment coming. And in Farage's case, extreme embarrassment. |
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#21 |
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Quote:
My understanding also. This move seems to be a triumph for US manufacturing and Trump - love him or loathe him - seems to have had an early victory here.
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#22 |
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its a good political victory for Trump and he needs it given he has the lowest approval ratings of any president elect since they started tracking them in the 1970s
whether Ford would have made the same decision for purely business reasons without the threats from trump is open to debate, the information suggests they would have, but if they can do it and score some brownie points with The Orange One then its good PR for them too |
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#23 |
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Quote:
The slow demise of Ford is not a triumph for US manufacturing.
http://money.cnn.com/2016/01/28/news...ngs/index.html |
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#24 |
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Quote:
Slow demise?, they are making record profits, and, intend to create another 700 jobs at their Michigan plant
http://money.cnn.com/2016/01/28/news...ngs/index.html "Ford said it needed to re-organise to use existing facilities more efficiently amid falling sales of its smaller cars... ...Ford said it would now invest some of that sum in Flat Rock" |
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#25 |
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Quote:
Ford was going to build a new factory in Mexico but has had to scale back those plans:
"Ford said it needed to re-organise to use existing facilities more efficiently amid falling sales of its smaller cars... ...Ford said it would now invest some of that sum in Flat Rock" CNN Money: Ford cancels Mexico plant. Will create 700 U.S. jobs in 'vote of confidence' in Trump NY Times: Ford, Criticized by Trump, Cancels Plans to Build Mexican Plant |
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