Ford has decided to dump their plans to build a 1.6 billion dollar plant in Mexico and invest in an existing plant in Michigan. CEO Mark Fields said part of the reason is Preident Elect Trumps promise to lower corporate taxes and less regulations played a major part in their strategy going forward.
https://www.google.com/url?q=http://...jlX6KU9SeKXEjQ
America is now open for business
Originally Posted by bambino
What you say is true. However, how much Trump influenced the decision is up for debate, as stated in the article:
"Ford officials said that the revised plans were tied to market conditions that have depressed small-car sales, and that they did not consult with the incoming Trump administration before making the decision."
And, again as you said, such business decisions are made based on Trump's promises. I'm all for investments in the U.S. instead of countries like Mexico. But a company is in business to make money. Again, as stated in the article:
"Industry analysts have questioned whether automakers like G.M. and Ford can profitably build smaller vehicles in the United States instead of in Mexico, where wages rarely cross $10 an hour, compared with the $29 an hour earned by a majority of unionized American workers."
And:
"For consumers, those higher wages could add up to higher sticker prices. And that could potentially reduce sales."
So it is almost time for Trump to take office and fulfill his many promises to the American people. As I said before, if he fails it does no one in this country any good.