Political Wrinkles  

Go Back   Political Wrinkles > General Forum > News & Current Events
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

News & Current Events Discuss Ford to scrap Mexico plant. at the General Forum; Originally Posted by jimbo That's what meaningful debate is all about. Thanks. What are you doing up so late?...

Reply
 
LinkBack Thread Tools Display Modes
  #11 (permalink)  
Old 01-04-2017, 01:08 AM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 13,248
Thanks: 8,412
Thanked 11,486 Times in 6,429 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by jimbo View Post
That's what meaningful debate is all about. Thanks.
What are you doing up so late?
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE
Reply With Quote
  #12 (permalink)  
Old 01-04-2017, 01:10 AM
PW Enlightenment
 
Join Date: Apr 2013
Gender: Male
Posts: 11,803
Thanks: 9,325
Thanked 7,604 Times in 4,567 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by FrancSevin View Post
What are you doing up so late?
I'm a night person. Always have been. It's only 2:00 here.
Reply With Quote
  #13 (permalink)  
Old 01-04-2017, 02:51 PM
CindyB's Avatar
PW Enlightenment
 
Join Date: Aug 2012
Location: Las Vegas, Nevada
Gender: Female
Posts: 8,694
Thanks: 8,666
Thanked 5,131 Times in 3,171 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by RedState View Post
Ford sales and profits were down last year. They're not going to invest $1.6 billion if its not warranted and a smaller investment on reducing costs in the US will go further towards generating future profits.

Face it, Ford doesn't care about you. They care about their bottom line. Ask how this benefits their stockholders and you'll get to the bottom of their motivations. All the rest is spin and PR.


Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump

In an interview on CNBC's "Halftime Report," Fields said the decision not move forward with its San Luis Potosi, Mexico, plant was due to market demand.

"The bottom line is we're not seeing the volume and the demand that we expected for that plant. And, therefore, we're looking at our capacity and saying, 'You know what, we can build that in an existing facility and use capacity that we already have,'" he said.
FROM your link:

Quote:
Fields also pointed out that the company could do well with a more positive U.S. manufacturing business environment under Trump. "We see the pro-growth policies that he's proposing. So, this is a vote of confidence in what we think the president-elect is going to pursue and it's right for our business," he said.
__________________
The Democrats are not after the truth, they are after the President.
Reply With Quote
  #14 (permalink)  
Old 01-04-2017, 03:55 PM
Dog Man's Avatar
Down Boy!
 
Join Date: May 2013
Location: Southern Nevada
Gender: Male
Posts: 11,182
Thanks: 4,410
Thanked 5,096 Times in 3,535 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by RedState View Post
That's what he said sure. They are expecting deregulation and more corporate welfare. But it would be silly to think that was the only reason. Especially considering he also said it was because of bad sales.

I don't agree with deregulation in general, im sure there might be something that needs to go, and I dont agree with corporate welfare or lower corporate taxes. So Im not really seeing the great news. Of course it wasnt my auto plant that was in trouble or my job on the line. So easy for me to say.
What is the meaning of Corporate Welfare? I really don't know, is it just lower taxes? less regulations? or something more?
Reply With Quote
  #15 (permalink)  
Old 01-04-2017, 04:54 PM
RedState's Avatar
Somewhat Stable Genius
 
Join Date: Mar 2011
Posts: 3,737
Thanks: 1,167
Thanked 1,665 Times in 1,254 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by Dog Man View Post
What is the meaning of Corporate Welfare? I really don't know, is it just lower taxes? less regulations? or something more?
When the government gives a private business money grants, or subsidies or tax breaks or just some other sort of preferential treatment. For instance what Trump did with Carrier was Corporate Welfare. You may have heard the term 'Crony Capitalism', it implies the same thing.
__________________
The total number of contacts between the tRUmp team
and Russia-linked operatives that we know about so far is 102.

-- SOURCE --
Reply With Quote
The Following User Says Thank You to RedState For This Useful Post:
  #16 (permalink)  
Old 01-04-2017, 04:58 PM
RedState's Avatar
Somewhat Stable Genius
 
Join Date: Mar 2011
Posts: 3,737
Thanks: 1,167
Thanked 1,665 Times in 1,254 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by FrancSevin View Post
You have some information on this or just mendacious speculations?

Unlike GM and Chrysler, FORD has seen very little corporate welfare, if any. US taxpayers are still on the hook for a lot of GM's cash flow. Chrysler got comparatively less although FIAT received a nice sum just to look at the Chrysler brand. That is the history for the last 8 years even with Republicans controlling Congress.
GM made $22.6 billion since bankruptcy. Taxpayers lost $10.6 billion on bailout - May. 29, 2014

Under what pretentions do you claim they can expect some crony capital welfare under PE Trump?
Trump's carrier deal was Corporate Welfare.
__________________
The total number of contacts between the tRUmp team
and Russia-linked operatives that we know about so far is 102.

-- SOURCE --
Reply With Quote
  #17 (permalink)  
Old 01-04-2017, 06:31 PM
WallyWager's Avatar
Moderator
 
Join Date: Jan 2011
Location: Michigan
Gender: Male
Posts: 11,689
Thanks: 1,561
Thanked 8,916 Times in 5,697 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by CindyB View Post
FROM your link:
And did you read this part?

Quote:
"The bottom line is we're not seeing the volume and the demand that we expected for that plant. And, therefore, we're looking at our capacity and saying, 'You know what, we can build that in an existing facility and use capacity that we already have,'" he said.

"Over the last couple of years we've seen small cars markedly decline. Every year we're looking at our capacity. We're looking at our forecast for demand. It became very clear that we didn't need this plant."


On Tuesday, Ford announced it will instead invest $700 million in its Flat Rock, Michigan, plant and add 700 direct new jobs. The company said it will continue to build its Ford Focus at an existing plant in Hermosillo, Mexico, to improve company profitability.
Sales in small cars have declined, I'm guessing because of the improved eocnomy and lower gas prices, and Ford saw no good financial reason to spend more to build a whole new plant outside the US. I can't say Trump had zero influence, I mean Ford's profits are down and they probably wouldn't want to deal with a 35% tariff on top of building a new plant in Mexico, but they would have probably made the same decision no matter who was elected president considering market demands and the options on the table.

These kinds of decisions take several months, if not years in some cases, of market research and analysis, planning, logistics, consultations and meetings, phone calls, and everything else that's involved when it comes to large projects like whether to build a plant in Mexico or add to one in the US. The CEO himself said that the decision would have happened with or without Trump.

Quote:
Fields said Ford would have gone ahead with the decision whether or not Trump was elected president, however, he did say that he alerted both Trump and Vice President-elect Mike Pence ahead of the announcement on Tuesday.
__________________
"There's two types of people: people that look at porn, and people that lie about it. But I wasn't looking!" -

Alex Jones
Reply With Quote
The Following User Says Thank You to WallyWager For This Useful Post:
  #18 (permalink)  
Old 01-05-2017, 09:49 AM
Dog Man's Avatar
Down Boy!
 
Join Date: May 2013
Location: Southern Nevada
Gender: Male
Posts: 11,182
Thanks: 4,410
Thanked 5,096 Times in 3,535 Posts
Default Re: Ford to scrap Mexico plant.

Quote:
Originally Posted by RedState View Post
When the government gives a private business money grants, or subsidies or tax breaks or just some other sort of preferential treatment. For instance what Trump did with Carrier was Corporate Welfare. You may have heard the term 'Crony Capitalism', it implies the same thing.
They gave Elon Musk a HUGE tax break to bring his Tesla plant to Nevada, a lot of people said no, but apparently the sate politicians believe it will eventually be good for Nevada. The jury is still out. I guess that would be corporate welfare. Would you consider the solar plants like, Solindra, corporate welfare? Some might consider that ANY help given by government to a private business, Corporate Welfare. Except for the people getting help I'm sure. I'm proud to say that as a citizen and business owner I have never taken a dime of help from the government.
I have however paid in far more than I care to think about. Before the recession I was in the 39% bracket, I have not been since. Although I have a feeling I will be again within the next 4 years.
Reply With Quote
  #19 (permalink)  
Old 05-26-2017, 12:56 AM
Banned
 
Join Date: Dec 2011
Location: Okolona
Gender: Male
Posts: 2,220
Thanks: 1,645
Thanked 609 Times in 522 Posts
Red face Re: Ford to scrap Mexico plant.

NAFTA renegotiation could upset Mexican Ford plant...

Why a $1.6bn car plant has been left to decay
Tue, 23 May 2017 - Mexico is the world's fourth largest car exporter, but could Donald Trump bring this to an end?
Quote:
Mexico is currently the world's fourth largest car exporter, but could US President Donald Trump's plans to renegotiate the North American Free Trade Agreement (Nafta) between the US, Canada and Mexico bring this to an end? On the outskirts of the Mexican state of San Luis Potosi, the skeletal remains of the partially constructed Ford plant loom over the desert. To the residents of the small towns surrounding the site it's a constant reminder of a failed economic promise. For Jose Puebla Ortiz, who sold his plot of land to Ford, it's still painful to think of the economic prosperity his family could have had.


The skeletal structure is all that remains of Ford's factory plans

Mr Puebla Ortiz used the proceeds from the sale to buy a truck. He expected to work as a private contractor during the plant's construction, but since the company cancelled its plans he has struggled to find regular high-paying work. "When Ford arrived and we thought everything would be good... there was investment and there was money," he says. Now that investment has dried up. "[Ford] decided to pull out and overnight they told us, 'it's over, we're not continuing, we're leaving, this is cancelled.' And, well, there was nothing we could do."

In January, Ford announced it was cancelling plans to spend $1.6bn (1.2bn) building a factory in here in central Mexico. The company's chief executive at the time, Mark Fields, said the decision related to the declining sales of small cars the company was intending to build at the new plant. But he also admitted that Donald Trump's presidential victory and the "improved business climate" the company expected as a result was a factor.


Jose Puebla Ortiz bought his truck with money from selling land to Ford

During the campaign and since assuming the presidency Mr Trump has expressed his anger at car companies such as GM and Toyota for using Mexican plants to build cars sold in the US. He has called for the North American Free Trade Agreement (Nafta) to be renegotiated, blaming it for the loss of US jobs. The agreement - which came into effect between the US, Canada and Mexico in 1994 - created one of the world's largest free trade zones by reducing or eliminating tariffs on most products.

Why a $1.6bn car plant has been left to decay - BBC News
Reply With Quote
Reply

Tags
ford, mexico, plant, scrap

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 05:57 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0