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originally posted by: hansonlife
This is the type of thing that Trump is campaigning against right? Or am I mistaken here?
originally posted by: Bluntone22
originally posted by: opethPA
originally posted by: introvert
money.cnn.com...
Ford said there will be zero job losses in the U.S. as a result of the new plant in Mexico. The Wayne, Michigan, plant that now builds the Focus and C-Max that will move to Mexico will instead start building other models -- probably the new Ford Bronco SUV and Ranger small pickup.
That's what Ford had to say about this issue.
Apparently those posting on this thread don't want to read what you posted.
Well if you want to take ford at their word, feel free.
The fact is that they are adding more production to their line of vehicles and are adding those jobs to Mexico. When the time comes to make job cuts, which factory do ya think will be cut?
The company has 85,000 U.S. employees, up 28,000, or nearly 50%, in just the last five years.
"They think they're going to get away with this and they fire all their employees in the United States and...move to Mexico," said Trump.
The small cars Ford is shifting to Mexico are less popular and less profitable models.
originally posted by: introvert
originally posted by: Bluntone22
originally posted by: opethPA
originally posted by: introvert
money.cnn.com...
Ford said there will be zero job losses in the U.S. as a result of the new plant in Mexico. The Wayne, Michigan, plant that now builds the Focus and C-Max that will move to Mexico will instead start building other models -- probably the new Ford Bronco SUV and Ranger small pickup.
That's what Ford had to say about this issue.
Apparently those posting on this thread don't want to read what you posted.
Well if you want to take ford at their word, feel free.
The fact is that they are adding more production to their line of vehicles and are adding those jobs to Mexico. When the time comes to make job cuts, which factory do ya think will be cut?
Did you read the link I provided? Here are some important points:
The company has 85,000 U.S. employees, up 28,000, or nearly 50%, in just the last five years.
"They think they're going to get away with this and they fire all their employees in the United States and...move to Mexico," said Trump.
The small cars Ford is shifting to Mexico are less popular and less profitable models.
Context is key. Ford is adding some jobs to plants in Mexico, but it has been adding many more jobs here in the states.
Also, Trump is spreading misinformation on the issue. Ford is not firing all of their employees. In fact, they are not firing any.
Hilarious seeing MSM and liberals defending "greedy corporations" now.
Ford Motor owes the government $5.9 billion it borrowed in June 2009, the same month GM filed for bankruptcy. By Sept. 15, Ford needs to start paying that money back. In a government filing, the carmaker said $577 million is due within the next year, and the full amount must be paid off by June 15, 2022. The Obama Administration, dreaming of a million electric cars on the road by 2015, loaned Ford the money to help it pay for development of hybrids and EVs, and to retool its factories to produce smaller, cleaner vehicles. While not characterized as a “bailout” by any means, let’s be honest: Ford’s loan – received at a critical time when other sources of financing weren’t available to automakers or their suppliers – no doubt helped the carmaker survive the industry crisis and contributed to its strong market position today, especially after the Obama Administration finalized tougher fuel economy rules this week.
originally posted by: TheRedneck
a reply to: introvert
Trump is not "factually wrong" any more than Ford is "factually wrong" until after the decisions are announced. The are no facts as of yet, only statements of intent that may or may not be true.
Press releases are not corporate actions.
TheRedneck
Average auto worker in Mexico makes $3.29/hr vs $23.83 for a US. The move is expected to save Ford $1300 per car in costs.
Ford Motor Company (NYSE:F) will begin selling fully self-driving cars to the public around 2025, CEO Mark Fields said during a presentation on Monday.
What Mark Fields said about Ford's self-driving plans
Fields reiterated that Ford plans to begin mass-production of a fully driverless car by 2021. Initially, that car will be sold to ride-hailing services, but Fields said that he expects Ford to offer the car to retail buyers "around mid-decade."
originally posted by: Discotech
a reply to: Bluntone22
Don't forget that Ford still owes the US taxpayer money for their glorified bailout
Automakers' Report Card: Who Still Owes Taxpayers Money? The Answer Might Surprise You
Ford Motor owes the government $5.9 billion it borrowed in June 2009, the same month GM filed for bankruptcy. By Sept. 15, Ford needs to start paying that money back. In a government filing, the carmaker said $577 million is due within the next year, and the full amount must be paid off by June 15, 2022. The Obama Administration, dreaming of a million electric cars on the road by 2015, loaned Ford the money to help it pay for development of hybrids and EVs, and to retool its factories to produce smaller, cleaner vehicles. While not characterized as a “bailout” by any means, let’s be honest: Ford’s loan – received at a critical time when other sources of financing weren’t available to automakers or their suppliers – no doubt helped the carmaker survive the industry crisis and contributed to its strong market position today, especially after the Obama Administration finalized tougher fuel economy rules this week.
Want to find something to blame ? Blame capitalism where profit is the most important thing in life, thousands of years since the Egyptians thought burying their "capital" with them in hopes of it joining them in the afterlife and we still haven't learned that we can't take money and trinkets with us when we die
originally posted by: Bluntone22
originally posted by: stinkelbaum
i see a trump speech in the near future...
'mexicans stole my ford'.
He already addressed the topic in flint Michigan.
originally posted by: seasonal
a reply to: Edumakated
Average auto worker in Mexico makes $3.29/hr vs $23.83 for a US. The move is expected to save Ford $1300 per car in costs.
So the consumer can look forward to a $1300 price reduction in the cost of these well built Mexican cars?
OR
There will be no price difference. The idea of NAFTA was to make products more affordable to the consumer and make trade easier. Seems like short sited profit hounds (CEO) make decisions and think they are done in vacuum. Factories close, our countries GDP falls just a bit every time.
originally posted by: introvert
a reply to: Bluntone22
Your first line of the thread was "More jobs are leaving the country".
According to Ford, that is incorrect.