Ford Cancels Mexican Plant in Favor of Michingan

Discussion in 'FedEx Discussions' started by oldfart, Jan 3, 2017.

  1. Oldfart

    Oldfart Well-Known Member

    They announced today and cited Trump and his plans to reduce taxes and encourage domestic production. Not even in office and still making progress.
     
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  2. bbsam

    bbsam Moderator Staff Member

    LOL. So...Ford could change their minds at any time? They have basically said they will wait and see so if the bribe/incentive/ransom isn't good enough, if the cheeks of the UAW/middle class tax stiffs aren't spread wide enough, Mexico it is! And you call it progress?
     
  3. MAKAVELI

    MAKAVELI Well-Known Member

    Ford also said they would be investing less than half of what they would have in Mexico. Lol
     
  4. Oldfart

    Oldfart Well-Known Member

    Using current facilities instead of building new could be some of that.
     
  5. MAKAVELI

    MAKAVELI Well-Known Member

    Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
    CEO Mark Fields told CNBC on Tuesday that President-elect Donald Trump wasn't the main factor when Ford (F) decided to cancel its plans for a $1.6 billion plant in Mexico.

    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.
     
  6. TheJackal

    TheJackal Well-Known Member

    Ford already employs 8800 workers in Mexico. GM, Toyota, Honda and Volkswagen also make cars in Mexico. While I agree with putting a tax on products coming in from Mexico, be prepared for Mexico to tax items we export to them.
     
  7. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    Such as?
     
  8. bleedinbrown58

    bleedinbrown58 ahhh....the mouth breathers

    Jobs? Lol
     
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  9. It will be fine

    It will be fine Well-Known Member

    I believe they are our 2nd largest trade partner. Second to the EU. So I imagine they import all sorts of products from us.
     
  10. olroadbeech

    olroadbeech Happy Verified UPSer

    you can't believe anything the media tries to feed us. your guess is as good as anyones. my guess and it is only a guess is that it is the Trump effect.
     
  11. MAKAVELI

    MAKAVELI Well-Known Member

    T
    That's not the media feeding us anything. It's Ford's CEO own words.
     
  12. MyTripisCut

    MyTripisCut Dumpster, INABAG

    Is Michingan in the US? Or Canada?
     
  13. Future

    Future Victory Ride

    Yes
     
  14. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    The UP may as well be in Canada.
     
  15. Catatonic

    Catatonic Nine Lives

    Interestingly though, a spokesman for Ford said their Board made the decision to stay in the US as a vote of confidence that Trump can ease or remove regulations affecting business.
     
  16. MAKAVELI

    MAKAVELI Well-Known Member

    A statement that Drumpf probably solicited.
     
  17. bbsam

    bbsam Moderator Staff Member

    Which ones?
     
  18. bbsam

    bbsam Moderator Staff Member

    No. Really. Which regulations? Get rid of everify? EPA? The requirement for companies of a certain size to provide health insurance?
     
  19. MAKAVELI

    MAKAVELI Well-Known Member

    All of the above.
     
  20. Catatonic

    Catatonic Nine Lives

    No idea ... the guy that said it was the CEO of Ford.