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Ford & The Trump Effect

Discussion in 'Politics Forum (Local/National/World)' started by Ensoniq, Nov 18, 2016.



  1. Ensoniq

    Ensoniq Midas Member Midas Member Site Supporter ++

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    Ford: announced that on second thought they won't be moving their Kentucky plant to Mexico

    http://www.reuters.com/article/us-usa-trump-ford-motor-idUSKBN13D08J

    The MSM is spinning it that the plant wasn't slated to move dyodd

    I suppose Apples announcement yesterday they were looking at brining iPhone production out of Foxconn and back to the US wax also a coincidence

    http://www.cnbc.com/2016/11/18/apple-is-exploring-moving-iphone-production-to-the-us-report.html

    Even if we do something like allow the workers to go tax free for a few years, this would be Yuge. Think of the EBT savings and the shift off the dole
     
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  2. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Hate to throw cold water on this, but that plant is in my area, and the story is that they were not planning on moving or closing it.
    Seems to me Ford is just saying this to take some heat off of them.
    Nice story however.

    If Apple does this, great. I am not holding my breath. Think of the cost of complying with EPA regulations. Personally, I think the iPhone is too expensive now, can't imagine one at twice the cost.
     
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  3. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    the plant slated to move was a detroit plant that did compact builds

    they are all trying to get away from the legacy costs of the UAW.
     
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  4. Flight2gold

    Flight2gold Silver Member Silver Miner Site Supporter ++

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    Interesting that the negotiations have begun and Trump hasn't even been inaugurated yet.
    Trump's 200 day plan.....
    “The Trump administration will reverse decades of conciliatory trade policy. New trade agreements will be negotiated that provide for the interests of US workers and companies first.”
     
    Last edited: Nov 18, 2016
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  5. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    FWIW................

    Trump claims he's saved Lincoln production from being moved to Mexico after talking to CEO - but critics say the move was never on the cards
    • Trump said he spoke with Bill Ford Jr who told him that he will be 'keeping the Lincoln plant in Kentucky' and not move it to Mexico
    • Billionaire wrote on Twitter: 'I owed it to the great State of Kentucky for their confidence in me!'
    • A company spokeswoman confirmed Thursday that Ford was considering MKC production at a factory in Cuautitlan, Mexico
    • Ford has repeatedly said it has no plans to close any U.S. plants and likely could not do so under the terms of current United Auto Workers contract
    • Company also produces Ford Escape at that location and just announced plans to launch a new SuperDuty pickup to be assembled there
    • On Tuesday Ford announced it was moving ahead with plans to shift production of small cars to Mexico from Michigan


    Read more: http://www.dailymail.co.uk/news/article-3948342/Trump-claims-s-saved-Kentucky-Ford-plant-moved-Mexico-talking-CEO-critics-claim-never-cards.html#ixzz4QNAKi6y8
    Follow us: @MailOnline on Twitter | DailyMail on Facebook
     
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  6. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    Here ya go !!

     
  7. mayhem

    mayhem A Different Perspective Silver Miner Site Supporter

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    COA hype.
     
  8. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Ford cancels Mexico factory and invests in Michigan - and announces plan after Trump tells Chevy to build in America or 'pay big border tax'
    • Ford announced a $700 million investment and 700 new jobs in Michigan
    • Cancelled plans to build a $1.6 billion plant in Mexico for production of the Ford Focus - it will built next generation of the vehicle at an existing Mexican factory
    • Ford CEO Mark Fields said at a news conference that the 'pro-growth' polices of President-elect Donald Trump are encouraging
    • Trump had threatened General Motors with a 'big border tax' earlier in the morning if it continued to make a version of its Chevy Cruze in Mexico
    • He hit Ford on the campaign trail for its plans to build more cars in Mexico and said he'd slap the company with a 35 percent tariff
    • GMS says it builds the sedans it sells in the the US in Ohio; the Chevy Cruze model that is manufactured in Mexico is primarily sold in foreign markets


    Read more: http://www.dailymail.co.uk/news/article-4084692/Ford-cancels-Mexico-factory-invests-Michigan-Trump-threatens-Chevy-big-border-tax.html#ixzz4Uiqmmw00
    Follow us: @MailOnline on Twitter | DailyMail on Facebook
     
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  9. southfork

    southfork Mother Lode Found Mother Lode

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    (( the Chevy Cruze model that is manufactured in Mexico is primarily sold in foreign markets))

    Note the need to say primarily in their statement, where are all your parts made Government motors??
     
  10. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    WHOOOOOOA !!!! Oshorttimer said it was not possible, what went right ?? W T F.gif
     
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  11. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    General Motors fires back at Trump: CEO says they won't change their production after president-elect slammed firm for importing cars from Mexico
    • Last week President-Elect Donald Trump threatened on Twitter to slap a border tax on GM for importing the compact Chevrolet Cruze to the US from Mexico
    • Imposing heavy tariffs on foreign goods is on Trump's pro-manufacturing agenda
    • GM CEO Mary Barra said the company only imports a small number of Cruze hatchbacks from Mexico


    Read more: http://www.dailymail.co.uk/news/article-4100958/GM-CEO-Won-t-change-production-plans-despite-Trump-tweet.html#ixzz4VGO61EpY
    Follow us: @MailOnline on Twitter | DailyMail on Facebook
     
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  12. Ensoniq

    Ensoniq Midas Member Midas Member Site Supporter ++

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    Ensoniq makes note
    Sell or short GM stock
     
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  13. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    Ford bringing back the Ranger (2019) & the Bronco (2021).

    Mr Paradise makes note to self
    Buy more F shares and it's 5% yield.
     
  14. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    GM should have been allowed to go out of business the first time. By bailing them out they have learned nothing and continue with moron management and stupid affirmative action based decisions.
    When they go under for the second time I doubt there will be a sugar daddy with other people's money standing there to reward them for failure.

    .
     
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