Posted on 11/16/2016 5:46:17 AM PST by monkapotamus
Ford’s chief executive officer Mark Fields must not respond well to threats; he admitted to Reuters on Tuesday that Ford was still planning on moving the production of its small cars from Michigan to — you guessed it — Mexico...
Fields claimed that the move would not have any effect at all on American jobs because the move south will “make room for two very important products we’ll be putting back into Michigan plants.”
Ford has yet to announce what, exactly, those “important products” are, but Fields is convinced that the move will lead to “no job impact whatsoever.”
“It’s very difficult for us to be able to make money on a vehicle produced in the U.S,” said Fields, explaining that if they were to raise the cost of their smaller cars to compensate for the increased cost of manufacturing in the United States the car just “wouldn’t sell...”
(Excerpt) Read more at nymag.com ...
Democrat trick to make Trump look bad.
I want all of those jobs and all of those cars.
Mexico doesn’t deserve any of them.
There is about a $30 an hour difference in US pay per worker versus Mexican pay per worker.
I would hope that any tariff on those cars returning to the USA would cover slightly more than that labor difference in each car.
We just won’t buy their cars.
When NAFTA gets renegotiated Ford is going to be wondering what hapoened...
A $5000.00 import duty on each car produced in Mexico might persuade Ford to reconsider.
Americans need to decide if they want jobs or cheap goods.
Well, they’re Fords, so...
.. Toyota does, Mr. Fields.
So does Subaru.
And BMW.
IIRC Mercedes too.
uhhh....he’s not the President yet.
Every car Hecho en Mexico should have a 3 foot long mandated sticker in the shape of a sombrero on the front windshield stating so.
It's spelled You - Ay - Dubya.
I believe the two products Ford is going to use the plant for are the new Ranger pick up and the new Bronco. Good move, since trucks are more profitable.
“It’s very difficult for us to be able to make money on a vehicle produced in the U.S,” said Fields, explaining that if they were to raise the cost of their smaller cars to compensate for the increased cost of manufacturing in the United States the car just “wouldn’t sell...”
We can expect the price of their small car to increase as Trump’s 35% import tax will raise it anyway. Let say the average price of that “small car” is around $25K (guessing at the price) OK, add 35% to that and the price becomes $33,750, or an increase of $8750 due to the import tax. My guess the average small car buyer will seek a less expensive “equal” small car.
No need to twist your knickers.
I don’t like Fords *or* Chevys.
Is that okay with you?
:)
Perhaps the best thing to do is to get the “cost” of manufacturing here in the U.S. lower. How much of the actual “cost” is union labor?
Cheap goods? Do you really thing the savings by using third world labor is passed on to the consumer? No, that is not how globalism works. Those few pennies on the dollar saved go to the stockholders and to bonuses. Otherwise why would they do it for the exact same profit margin. A lot of work for no benefit.
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