Posted on 04/27/2016 12:58:49 PM PDT by StCloudMoose
The Donald Trump effect: Ford will invest $1.6 billion in two U.S. factories. Ford Motor Co will invest $1.6 billion in two U.S. factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday. Ford said the moves would support a total of 650 jobs but would not say how many new ones would be created. The announcement comes three weeks after Ford said it would spend $1.6 billion to build a new vehicle assembly plant in Mexico, drawing fire from Republican U.S. presidential candidate Donald Trump. Ford has countered that it intends to invest $9 billion in U.S. factories, as outlined in the company's 2015 contract with the United Auto Workers union. The larger of Ford's latest U.S. investments will be $1.4 billion for a production line at a Livonia, Michigan, factory to produce a new 10-speed automatic transmission for the company's rear-wheel-drive vehicles. The Livonia plant currently employs about 1,550 hourly and salaried workers in total. The new 10-speed transmission line will employ about 500 union workers, Ford said. “Most of the people will move from building one transmission to another,” Joe Hinrichs, president of Ford’s Americas operations, said in an interview. The United Auto Workers said last fall that Ford planned to spend as much as $1.8 billion overhauling that factory to produce three new transmissions. Separately, Ford said it would spend $200 million at an assembly plant in Avon Lake, Ohio, near Cleveland to add production of Super Duty chassis cab trucks, which typically are commercial vehicles such as ambulances or tow trucks.
(Excerpt) Read more at reuters.com ...
Fords reaction to Trump
Ford is building the plant in Mexico to produce cheap, low ends cars. The plants in the U.S. are for larger cars and light trucks that are more profitable for the company.
Donald Trump had nothing to do with this.
I’m sure he didn’t have anything to do with the Ford decision.
Over the next 8 years hundreds of things are going to happen, most of which will have nothing to do with Trump.
By way of example, a year or so from now the economy is going to be looking up, as a result of policies put in place by Obama.
Jobs will also be coming back, primarily as a result of Cruz killing TPP and NAFTA.
Trump will simply be the bewildered, hapless, President.
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