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Ford Cancelling Mexico Plant, Invest $700 million in MI expansion instead
CNBC ^
| 1/3/2017
| CNBC
Posted on 01/03/2017 8:05:42 AM PST by rb22982
Ford canceling plans for $1.6 billion plant in Mexico, investing $700 million in Michigan expansion instead
TOPICS: Breaking News; Business/Economy; Front Page News; Mexico; US: Michigan
KEYWORDS: automakers; automotive; autumotive; economy; ford; fordmotor; fordmotorco; manufacturing; michigan; morewinning; trump; trumpjobs; trumptransition; trumpwinsagain; winning
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To: Phillyred
The Left pushing ‘the new normal’ is proof they intended to keep it that way. Remember ‘FUN-employment’?
161
posted on
01/03/2017 9:57:04 AM PST
by
txhurl
(Break's over, kids, back to WAR.)
To: 12th_Monkey
That’s a joke comment right?
162
posted on
01/03/2017 10:00:05 AM PST
by
dragnet2
(Diversion and evasion are tools of deceit)
To: rb22982
Not only are American businesses coming back to America — expect European businesses to establish operations in our country.
163
posted on
01/03/2017 10:03:29 AM PST
by
353FMG
(AMERICA IS ALL THAT TRULY MATTERS)
To: CodeToad
Plastics is based on petrochemicals. ...with us oil and gas coupled with low prices for electric power usa rules
164
posted on
01/03/2017 10:05:14 AM PST
by
spokeshave
(In the Thatch Weave,..Trump's Wing Man is Truth.)
To: Alberta's Child
If Ford is canceling its plans to build its Focus model in Mexico, this tells me that they are pretty damn sure the EPA under Trump is going to completely overhaul the fuel efficiency regulations.
Another WIN!!!
165
posted on
01/03/2017 10:06:17 AM PST
by
rhubarbk
(1/20/2017, Oh what a beautiful morning!)
To: editor-surveyor
We need to kill the electric car quickly and convincingly for the safety and longevity of the people.
Hybrids are OK, but plug-ins are death traps in an emergency situation of any kind.
They dont just present a danger to the owners, they put the entire highway system in jeopardy.
Would you please explain?
166
posted on
01/03/2017 10:08:36 AM PST
by
bus man
(Loose Lips Sink Ships)
To: Trump Girl Kit Cat
I understand ALL OF THIS.
My question is why ? Why did they go to Mexico in the first place if the costs were going to be more than twice ?
To: Celerity
It’s not the labor costs, or rather, it’s not JUST the labor costs. The tax and regulatory burden for doing business in the US is enormous. Ford’s move to build in Mexico would have been not so much to reduce labor costs as to reduce regulatory costs. Our government is the problem, not the solution.
168
posted on
01/03/2017 10:18:33 AM PST
by
meyer
(The Constitution says what it says, and it doesn't say what it doesn't say.)
To: Blue Turtle
I can’t imagine what he will be able to do once he is sworn in as our President????
169
posted on
01/03/2017 10:19:23 AM PST
by
EODGUY
To: spokeshave
If Trump can undo EPA rules, the USA would be the plastics king!
170
posted on
01/03/2017 10:20:47 AM PST
by
CodeToad
(If it weren't for physics and law enforcement, I'd be unstoppable!)
To: frnewsjunkie
no these are obolas green shoots
171
posted on
01/03/2017 10:21:53 AM PST
by
ichabod1
(Make America Normal Again)
To: Celerity
That is Investment not cost of operations’ 2 entirely different things - Annual operations for a plant like that might be 2.5 million a day times 250 days = 625,000,000 every single year of operation.
The investment is a one time expenditure
172
posted on
01/03/2017 10:23:18 AM PST
by
KSCITYBOY
(The media is corrupt)
To: PUGACHEV
Well you'd be wrong. Labor is about 8% of the cost of making a car. Complying with regs is a lot less per car. Regs come in two flavors: Regs concerning the car itself like MPG, fuel economy, mandated safety etc. And then regs concerning the workplace and the environment. The first flavor of regs applies to all cars wherever they are made. The second flavor of regs is where the "saving" comes in. Well not having to deal with OSHA, EPA on waste management etc, is not going to save much per car maybe a penny on the dollar, maybe none.
And then taxes. A Corp is going to pay taxes whether the car is made here or elsewhere.
Being able to exploit 3rd world labor and retail at first world prices is like crack cocaine to the Corporate staff and stock holder.
173
posted on
01/03/2017 10:24:46 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: rb22982
“Those jobs are gone and won’t be coming back”.
174
posted on
01/03/2017 10:27:31 AM PST
by
Rebelbase
(ABC/NBC/CBS/MSNBC/PBS/CNN/FOX are THE LEGACY MEDIA)
To: Alberta's Child
I can clearly see how the numbers don't work for them in isolation...
What I cannot "see" is how moving their production facility to Mexico helps with the issue you've identified: The stupid EPA regulations.
They won't sell more Mexican-made Focus' for $20,000.00 than they do U.S. made.
To: meyer
I am for deregulation in the car industry. Having said that cheap labor is the driving force behind offshoring. Complying with mandated safety, environmental and MPG regulations applies to all cars whether they made here or imported.
It's the cheap labor. It's like crack cocaine to the MBA corporate hacks that run our companies(into the ground)
176
posted on
01/03/2017 10:30:24 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: rb22982
The “winning” I’m holding out for is this one, “Effective immediately all executive orders issued by the President of the United States between January 20, 2009 and January 19th, 2017 are rescinded regardless of their impact on the citizens or lands of the United States of America”.
177
posted on
01/03/2017 10:31:19 AM PST
by
Rebelbase
(ABC/NBC/CBS/MSNBC/PBS/CNN/FOX are THE LEGACY MEDIA)
To: rb22982
Outstanding! Donald Trump has done more for jobs than 0bama did in 8 years and he hasn’t been inaugurated yet, the Carrier and Ford jobs are full time good paying jobs.
178
posted on
01/03/2017 10:37:23 AM PST
by
jazusamo
(Have YOU Donated to Free Republic? https://secure.freerepublic.com/donate/)
To: rb22982
To: meyer
Perhaps I can also add to that: Not only government regulation, but don’t forget the LARGE chunk of change that goes to Unions.
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