Posted on 01/14/2019 11:47:19 AM PST by SoFloFreeper
Jim Lentz has a stern message for President Trump.
There is no such thing as an American-made car, he told FOX Business Jeff Flock during an interview at the 2019 North American International Auto Show in Detroit.
.... his biggest fear is tariffs and he is hopeful that the United States Mexico Canada Agreement, which will govern $1.2 trillion in trade, will be ratified by Congress by the end of the year.
Mr. President...it's important that we're able to compete with the rest of the world and keep our costs down. You're doing great things for the economy, let's keep this industry strong.
Lentz added that tariffs would be difficult for the Japanese automaker which already produces one of the most American-made cars the Toyota Camry, which has been a top-selling sedan for 17 years.
(Excerpt) Read more at foxbusiness.com ...
If it werent for an American there would be no Car.
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How do you figure? Many Europeans built cars dating back to the 1700’s. Karl Benz (Germany) built the first production car.
https://en.wikipedia.org/wiki/History_of_the_automobile
“So which is it?”
Good point...if the Camry is mostly American (but thankfully made without UAW thugs), then the car won’t be much affected by tariffs. So what’s the big deal?
I guess car prices will skyrocket.
No they won't that is the scared tactic used to get us to put the noose around our own necks. As for cars, there is not much labor in making cars and car parts. It's mostly automated and even for US union made cars the amount of labor per car is 7-8% of retail. So they can't skyrocket.
Well there are small companies that produce electronics for cars and doing it here makes those parts expensive.
“Theres no such thing as a 100% American-made car.”
It’s like the wall. It won’t keep all illegals out but it will reduce the inflow.
A 100% American-made car won’t happen but we need a healthy manufacturing segment.
why do you insist they are globalist sell outs?
The manufacture of automobiles relies on supply chains that are not based soley in the USA. Is that a globalist sellout? Would you want us to be like russia where their manufacturinf is piticul and home made cars are bad?
Why?
I would say overall the price may go up 1-2% at first. Then back down to way they were before.
“How do you figure? Many Europeans built cars dating back to the 1700s. Karl Benz (Germany) built the first production car.”
Henry Ford put the world on wheels, - his dream was to enable affordable transportation to all who wanted it. He was extremely successful in fulfilling his dream: “ He is credited with “Fordism”, that is, the mass production of large numbers of inexpensive automobiles using the assembly line which could finish a car in 98 minutes,”
Link http://www.progress-to-financial-freedom.com/Henry_Ford.html#sthash.f4bl21dR.dpbs
For a while i drove a semi.. parts from all kinds of American assembly workers unions were picked up from mexico and Canada. Some small parts are made here, but that was ten years ago.
I never dealt with any of the new plants in South Carolina, so let’s hope he is wrong.
Personally, just pushing back aways to restore some USA industry and jobs Im for it !
We owned a Ford Fusion made in Mexico (assembled there, anyway)..
Good car.
By that token, when a Ford is made in its big factories in Spain or India, are those American cars because money goes to the US on every unit sold?
It seems to me Fiat is creating American jobs and investing in American manufacturing. Dont we want that?
Also, many of FCAs largest shareholders are American hedge funds, mutual funds, and institutional investors. Just as Ford and GM have a lot of foreign shareholders.
No - but having the factories/supply chains based on American soil is an advantage for us versus a deficit.
I actually don’t care who makes my cars, or what country they are made in. My German car was made in Mexico. My Japanese cars were made in the USA.
In fact, I usually go out of my way NOT to buy a Ford or GM product. Certainly no FCA (Dodge or Jeep) vehicles.
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