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r3020
Senior Advisor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

CEO in his own words.

 

snip-

“Well, when we make decisions like this as a company, we look at — first we do what’s right for our business,” Fields answered. “This makes sense for our business, and we look at all factors, including what we view as a more positive U.S. business-manufacturing environment under President-elect Trump.”

jleithliter1961
Frequent Contributor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

I heard someone at GM say that all of those cars with the exception of several hundred hatchback models see built at Lordsburg. Doubt if trump will scare GM much.
hardnox
Advisor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

Yes.

 

The small car market where Ford made their big bet is soft. They're still going to keep building the Focus in Mexico.

 

Here's where it gets interesting- the move to larger cars is putting the carmakers in a bind with the looming fleet economy standards so they're having to leapfrog to electrics*/hybrids to have a shot of meeting it.

 

Where Trump and his Big Oil government could really rat %^&* the auto industry is by changing those regs for another about face. Or if they're going to do it they need to do it fast.

 

In the last big oil downturn, Reagan "saved" the US car companies with the SUV exclusion. So I guess maybe we really could go back to the 60s and promote growth by happily burning as much oil as possible.

 

The hole in the bucket on that one is that the high EROEI oil that fueled that is mostly all gone but we'll pretend it is the same at least long enough for the billionaires and corporations to ransack the rest of the economy.

 

That's how it works in end stage capitalism.

 

*pure electrics are really simple machines- they sorta spell the end of the auto industry anyway because once you scale 'em there's not enough complexity there to extract much profit out. And then there's the implications of autonomous vehicles where you end up needing about half as many.

 

Once again the biggest enemy is technology and it is moving way, way, way faster than political and economic thought is. Voting to go back to the 50s isn't helpful either.

Canuck_2
Senior Contributor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

Yes nox those wanting to 'go back' to those 'good old days' don't drive their cars down the road looking in the rear view mirror to guide them.

Only thing the rear view mirror is good for is to see who is catching up.

bruce MN
Advisor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

The man is a time honored anethma here, and I haven't read it...only heard him give a talk on it...but what you say is the theme of Tom Freidman's latest book.  The almost indescernable exponential Rate of technological advances and the very likely impossibility of policy to keep pace.

 

i'll try to find the audio.

bruce MN
Advisor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

AllenJwi
Senior Contributor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

Pulitzer Prize. Didn't that looser president get one of those?

bruce MN
Advisor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

Disqualifying factors adding up.

bruce MN
Advisor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

Actually, nimrod, what Friedman talks about if you'd bother to listen or read has everything to do with why the Ford plant that Trump glomped on to after the fact is staying rather than any promise of policy change.

AllenJwi
Senior Contributor

Re: Ford Cancels Mexico Plant, 700 M$ to Mich plant

Yeah yeah, after the fact for the next 8 years. I got it is Obama's fault.