Ford create 700 jobs & open 700m plant in US & not Mexico
 

Ford have announced the investment in a Michigan plant, creating 700 jobs, costing 700million instead of the 1.6billion plant in Mexico. The main reason was not Trump, but a marketing demand.

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


are you sure it wasn't because it was half the cost or because the advertising with the harsh criticism from Trump?

I read that article -- it's a business decision.

Ford doesn't see Mexico as that hot of a domestic nor export manufacturing market.
UAW workers keep their jobs -- how many new hires is not stated :2 cents:

2017 will be the year of self-appointed armchair political experts attempting to connect the dots.

this is cool

Thanks Obama..

So far everything Trump is trying to take credit for is pure bullshit. With the Carrier deal it cost us $7 million and more jobs went to Mexico than was saved. With Sprint it seems they made that decision in October, longer before Trumpy was elected.

Lets see where unemployment stands a year from now.

Here's what I find interest in. Ford said before it costs 40% less to make the car in Mexico. After you read the quote below you can only conclude that under DT they are under the impression that making the car in the U.S. will be an even better deal than saving 40% in Mexico:

"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."

Good plan, till the Mercedes that is built in Mexico is cheaper than a Ford Focus.

Back in the 90's there were many assembly line quality control (QC) fixes necessary in Mexican plants. Maybe, the QC situation is different now but then the bottom line was: After the QC remedial work and any line stoppages involved (don't make any more with or without the bad or missing part) expense -- the labor savings were not that great.
QC is better in the first world and the remediation (fix that shit) costs are a lot less :2 cents:

Is Trump taking credit?

In America we need at least 145,000 New jobs a month to sustain a healthy economy. This Mickey mouse shit of a few hundred jobs here and there is petty on Trumps part. If he's not winning the war, pointing out all these battles he's taking credit for only strokes his ego and temporarily placates his base.

The New Magic Number for Monthly Job Growth: 145,000 - Real Time Economics - WSJ

Trump is just taking credit for something he is not doing. Which is all he can do.

If your stat is correct and we need 145k new jobs a month, well, Trump is going to fall vastly short.

Ford cancels Mexico plant. Will create 700 U.S. jobs in 'vote of confidence' in Trump - Jan. 3, 2017

CNN have added "a vote of confidence in Trump". When will the reality land & people can see through the crap :2 cents:

everything Trump says is bullshit. Worrying for the US, because things can get a lot worse in a year :Oh crap

At this moment all German car producers have almost completely built a new city near Mexico City. BMW, Mercedes and a lot of international Expats working there. So i think those problems are over with QC. Very good for Mexico that investments in Mexico.

1. create is not a NEW HIRE in auto union lingo.
Moving a worker from the old plant to the new plant is not a new hire. It's vacating the old job and getting a new job with the same employer.


123,688,600 was the net employment gain in the 12 mos ending Nov, 2016

So, the 145K number is for a larger employment rate. We are at <5% statistical employment

"The national unemployment rate was 4.6 percent in November, down from 4.9 percent in October, and 0.4 percentage point lower than in November 2015."

We are at full employment. You can argue until you are blue in the face that the jobs are no good ... You need to replace what jobs can be replaced by automation to have the workforce to move into new jobs. The people that are not working now are the hard core unemployed or those that don't want to work (or retired). Some are in limbo looking for new jobs. Getting rid of street sweeping machines and putting welfare recipients on the street with brooms is not going to be economically advantageous.

The economy will not grow without new workers. Those new workers will be machines.

Most of this is just a bag of shit brought to you by the media and the politicians.

Interesting:

Currently not only do Mexican built BMW's utilize Mexican parts, but the Mexican suppliers of BMW de Mexico now supply parts for BMWs sold in the mainstream international market.[10] In 2010, BMW AG of Germany announced plans to invest $1 billion USD into Mexican auto parts suppliers to increase the supply of Mexican built parts and increase the overall percentage of Mexican components in BMW vehicles.[11] In 2012 BMW revealed plans to build a new plant in Mexico.[12][13][14]

BMW de Mexico currently builds the 3 series, 5 series, 7 series and the X5. BMW de Mexico also manufactures armored high security vehicles, manufactures parts for domestic and foreign markets, maintains a large repair and service facility and a school for international BMW personnel.[15][16][17] In 2001 the Italian government purchased 30 armored BMW sedans for the Italian national police from BMW de Mexico.[18]

https://en.m.wikipedia.org/wiki/BMW_Mexico

not that this is to do with trading or car companies, just saying... I hear many people travelling to Mexico for holidays over the past year, tourism is always a good thing.

My point is in 2 or 3 years, a lot of things can change. Shall be a thorn in the side for Trump if Mexico becomes a better place to live, anything's possible :2 cents:

Mercedes Benz has a large assembly plant in Tuscaloosa, Alabama, USA

BMW has a large assembly plant in Greer, South Carolina, USA

What will German automakers try to import into the USA from Mexico? Parts or assembled automobiles?

BMW exports its 2 millionth vehicle from South Carolina | The State

:1orglaugh:1orglaugh:thumbsup

:thumbsup:thumbsup:thumbsup

(How long before trump claims credit for this? I predict he does in 5 ..4.. 3...)

It's also cool because they will be making 4 or 5 different electric cars at this plant, including - WOW - a MUSTANG HYBRID!!! - That is really something. I've always been a Firebird / Camaro enthusiast and would love to see an electric Camaro one day, but I'll settle for a Mustang EV no problem!

No not yet, but to his credit, Ford's statement says they believe in a Trump economy or something like that. Regardless, this is really good news. Go Ford!

Think about the math...Trump threatened them with a 35% tariff on cars coming into the U.S. from that plant.

Then add in the tax rate for corporations. Trump lowers it from 35% to 15%

So that's already saving 55% as opposed to Mexico's 40% savings.

Then add in the elimination of some of the regulatory restrictions that have been put in place over the past 8 years.

Ford will be making MORE money by building in the U.S. under Trump.

That's the whole point. :)
Make the United States the number one place to put your business and build your products.

Why is it you seem to think these companies pay 35%? They don't... They probably don't even pay 15%... It's called "deductions"... I thought you were in business for yourself? How can you be in business and not know this? Oh, yea you do know it, but you just want to make shit up to fit your narrative as usual... Anyone who is not an idiot knows Ford doesn't pay 35% tax rate.. get fucking real..

edit....

Oh man, look at this.. with just 2 seconds on google I completely debunk Robbie's BS..

Ford (f, +3.79%) pre-tax income: $6.52 billion
CEO Alan Mulally total pay: $23.2 million
U.S. corporate income tax total: refund of $19 million

Ford actually paid their CEO more money than they paid in taxes in 2015.. Fucking Amazing.. THANKS TRUMP!!!!!

These 7 companies spent more on CEO pay than federal taxes | Fortune.com

waiting for the liberal bias fake news claims... or the traditional "completely ignores the truth keeps spewing BS"..

So America loses 20% tax from Ford. Last year Ford paid $3billion in taxes so that's $600,000,000 in lost revenue to build bridges, fix roads, etc. Where is that money recouped?

My calculation is based on the document below and assuming that the difference between $7.4B net and $10.8B pretax income is based on paying roughly $3billion in taxes

https://media.ford.com/content/fordm...inancials.html

damn that's very good! Spain's at 35, Germany 25 or 30 and the UK at about 20%

taking it from the 700 extra workers

After deductions, the taxable profits are at 15%...

although, Trump didn't even pay that. I bet he got shot of millions of taxable profits :2 cents:

Nah

If each worker was paid $857,142.85 a year and taxed 100% that would make up $600m

So where is that $600M really made up?

Here is the kicker.. Trump essentially wants these companies to pay 0%. Take Ford as example..

The base tax rate is 35% they paid 15%. Meaning as you said they didn't pay 20% of their actual tax debt. Now drop that tax rate to 15% "BEFORE" deductions and now they are paying zero fucking taxes.

This is the big busines coup of the USA under the Trump admin, this is what Republicans have been pushing for since Reagan. They want the 1% and big business to pay zero taxes and push the entire burden on to the workingman.. Robbie is of course 100% ok with this as are all the other GFY Russians (I mean Republicans)..

Because.. rah, rah fuck the country GOOOO TEAM!!! They will bankrupt the US but they don't care.. They can't think past 5 mins in the future..

No, they GAIN tax revenue. You aren't thinking this through.

New jobs created, new investment in Michigan.
Companies that service the employees: restaurants, bars, gas stations, convenience stores, grocery stores, etc. all making more money and hiring new employees themselves to handle the extra business.

All of that creates revenue that will be taxed.

What's the use of taxing Ford 35% of nothing as opposed to taxing them 15% of a company building in the U.S. plus the expanded tax base that will be created?

Don't we WANT companies to build and hire in the U.S.?
The alternative is what we've had for the last couple of decades as company's have fled the U.S. for greener pastures.

The U.S. should BE the greenest pasture of them all...right?

It's going to be an interesting year.

He's going to have major conflicts pushing his huge public works spending agenda with conservative house Republicans without bringing money in from somewhere to cover it.

Unfortunately these talking points were from way back during debates...the real number being floated for tariffs is 5-10% and GOP congressmen and leadership has already said they would vote down any attempt to impose tariffs...granted Trump can bypass them, but he would have a lot of push back from American exporters, farmers etc...and most economists say it would cost the US about 5 mill jobs at those tariff levels.

The tax rate he promised was eliminating corporate taxes completely - again I dont think the congress will support that

Regulatory restrictions I would assume are only going to get pushed if it would help his own businesses.

Might take a minute and look back at what happened when Obama put a massive tariff on Chinese tire imports 2009? I think...the rest of the world responded and we import more tires now than then...otherwise the price of tires would have skyrocketed

You're right about not thinking it through. Honestly I'm still hungover from last night :1orglaugh

I'm a blue dog Democrat so I'm all about companies making money etc. , after all, WE are business owners LOL We should be the first place the world goes to do business & manufacture, not China, though we can't compete with their $2 an hour average wage.

They recently started building a new factory, Factory to begin 3-series sedan production in 2019
BMW's Mexico plant will have wide range
BMW moves forward with new plant in Mexico


The company, according to media reports in Mexico, received $236 million in local aid in return for a commitment to create 1,500 jobs and invest $1 billion by 2024.
10-year tax break

Under the deal, the automaker will not be required to pay state and local taxes for 10 years, Mexican economic development officials said Wednesday at a briefing.

$700 million.

How much is that in bitcoins, Gary?

:1orglaugh:1orglaugh:1orglaugh

Your tariff numbers are not anything that I have ever heard before.
Trump is starting at a 35% tariff ONLY on companies who are U.S. based but closed down a plant in the U.S. to open one in another country.
And that tariff would only apply to the product in question. Not a blanket tariff on all products from all companies overseas.

And I've never heard him say that he was going to put corporate rates at zero.
He MIGHT have said that's where they should be. And a lot of economists agree. But he has said since the campaign that it will be 15%

As for regulatory restrictions that would help his own businesses? WTF? I thought that everyone on GFY all claimed that Trump didn't do ANYTHING and only "slapped his name on other people's stuff" (as Obama claimed).
Reality Check: Bill FORD himself said that the regulatory policy of Trump is a huge factor in their decision today.
I heard him say it out of his own mouth in an interview with Poppy Harlow today on CNN.
So explain to me how building cars is part of Trump's personal business?

It's not. And I think you are missing the reality here because you are pissed that Trump won over Hillary.

I'm telling you...I am VERY optimistic for all of our businesses. The economy is going to take off.

How to Get Ready for the Economic Recession Coming in 2017 | | Observer

click the 'About' link in the footer ...

Publisher: Jared Kushner (Trump's son-in-law and confidant).

:1orglaugh

We will see ...

I thought taxes were the big bad thing of the democrats .....

Did I miss a briefing ?

Robbie don't forget about all the small things also. That plant and investment is also tradesmen getting jobs here and there. Material buys..etc etc
It must have been killing some of these CNN anchors to have to say the words ...lol

QC is not much better today in Mexico then it was then. I have family that work with Honda Corp daily, and was told about vehicles that repeatedly passed inspection in Mexico, brought into the States only to fail secondary QC there.

Right from the CEO: Well, when we make decision like this, first we do what is right for our business, we look at all factors. Including, what we view as a more positive US manufacturing business environment, under President Elect Trump.

Are you guys really trying to spin this into something negative? You guys are going to have a rough 8 years :1orglaugh

How the fuck is "Regardless, this is really good news. Go Ford!" putting a negative spin on anything? Gonna be a tough year for you trying to spin compliments as negative spin :1orglaugh:1orglaugh:thumbsup

So if you quit GFY today we'll only need 144,999 jobs because a GFY Democuck Troll position will open up. :winkwink:

I believe this is going to happen.

When Obama took office, frankly things couldn't get much worse. Things didn't get better because Obama was "great" but instead they got better because they couldn't get much worse.

The direct opposite is going to be true shortly. We are at 4.6% unemployment, which is great. Unemployment hasn't been this low since what - 2001? Trump is going to come in and change everything up thinking he knows best and....

Lets see what the unemployment rate is this time next year.

LOL you're right. I quoted the wrong person :1orglaugh

Just one reversal of an increasing trend. https://en.wikipedia.org/wiki/Changan_Ford

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

under trump:

fat people will become skinny
short people will become tall
small tits will become big
and and expensive work force will become competitive


thats how hope works, it dies last :1orglaugh:1orglaugh:1orglaugh:1orglaugh

"but but but trump is going to deduct the 35% tax and abolish 15% tax and write off 20% tariffs and it will all end up in a 200% saving to produce domestic with an expensive work force"

fucking comedy central LOL

I find it interesting that this is said by a news/opinion website that the Trump's son in law is publishing. Inside info leaked to the public domain? Harbinger of the future?

Euro-Area Economy Ended Year With Fastest Growth Since 2011|Bloomberg.com

Reagan was took office in 1981, albeit inheriting a weak economy, the 1981-1983 recession was very deep. Reaganomics and Regan's nationalist policies had mixed results. Reagan's foreign policy positions did not make America many friends in the world. Like Trump; Regan was a turncoat polititian -- a Republican of convenience or a 'born again' Republican depending on your point-of-view. Regan is 'god-like' to a lot of people especially those who are too young to remember what America was like during the bleeding of the jobless during the 1981-1983 recession.

I think if there is a Trump recession I am hoping it will be a brief and shallow one. I expect a Wall Street slaughter and I am looking forward to buying distressed assets. This is the historical pattern I have seen -- sheer the sheep and buy them out on the cheap :2 cents:

seems if Trump doesn't get his own way, or jobs are given to the Mexicans

"@DirtyDon"
?General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A. or pay big border tax!? Trump tweeted on Jan. 3, 2017.

Why would he do this? Americans lose out with cheaper Chevy's either way. They're made in Mexico to keep costs down or they're made in the US & they cost more to make...

No one can say it's about jobs, only in November Obama posted :

‏@BarackObama 4 Nov 2016
Let's keep working to keep our economy on a better, stronger course.

https://pbs.twimg.com/media/Cwc1TaTWgAAmkDm.jpg

what's Trump got against the Mexicans? He seems to have a vendetta against them :2 cents:

The writing is on the wall with wall street attorney Jay Clayton as DT's pics for the head of the SEC :1orglaugh:1orglaugh:1orglaugh The guy who DEFENDED big banks during our last recession will be head of the SEC :helpme

Trump Taps Wall Street Lawyer Jay Clayton To Head SEC