Ford Now Plans to Move Production of Electric SUVs From Michigan to Mexico

[titaniumsalute]

Source: Bloomberg

Ford Motor Co. is changing gears again on its production plans in Mexico, revealing it now plans to build a small electric-powered sport utility vehicle south of the border instead of at a Michigan factory.

Sending the electric vehicle to Mexico, where labor costs are lower, will help the business case for the costly model. It also risks raising the ire of President Donald Trump, who had been sharply critical of an earlier plan by Ford to build a small car factory in Mexico that the company ultimately canceled.



https://www.bloomberg.com/news/articles/2017-12-07/ford-moving-production-of-electric-suv-from-michigan-to-mexico

Read more: https://www.bloomberg.com/news/articles/2017-12-07/ford-moving-production-of-electric-suv-from-michigan-to-mexico

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Oh shit...TwitterTrumper will be blowing out tweets in 3...2...1...

Are we great again yet?

[bagelsforbreakfast]

1. Yeah Trump! Nm

[Aristus]

2. Way to create jobs there, idiot.

Oh, I'm sorry; Mister Idiot!

[Hong Kong Cavalier]

3. ...but...

I was told there would be winning!

[Achilleaze]

4. Thanks a diaper-load, republican liar Comrade Casino*

This is all on you and your republican-russian cronies.

* republican Draft-Dodger-in-Chief

[no_hypocrisy]

5. And couple that with a corporate tax cut!

MAGA!

[muriel_volestrangler]

7. "Republican tax bills have too many loopholes for shipping jobs overseas"

When the Trump administration issued its framework for tax reform in September, it emphasized the need to build in protections to stop U.S. multinational corporations from “shipping jobs and capital overseas.” These protections were needed because the framework proposed that the United States move from a system of taxing the global profits of U.S. firms to a territorial system, under which their profits would be taxed only in the country where they were earned. In a territorial system, U.S. corporations would have a strong incentive to move jobs and capital to low or no tax jurisdictions, as compared to a proposed corporate tax rate of 20 percent on U.S. profits.

Now the House has passed a bill with a territorial tax system, and so has the Senate Finance Committee. Both bills purport to build in protections against U.S. multinationals “shipping jobs and capital overseas” by adopting a minimum U.S. tax, which would be imposed on these firms if their foreign taxes dropped below 10 percent of their foreign profits. However, as explained below, this minimum tax is like Swiss cheese. It has so many holes that it would rarely be paid by U.S. firms. In fact, the proposed territorial system would encourage U.S. multinationals to relocate to foreign countries more of their U.S. factories and U.S. intellectual property such as patents and trademarks.
...

http://thehill.com/opinion/finance/362199-republican-tax-bills-have-too-many-loopholes-for-shipping-jobs-overseas

[DBoon]

10. This shoudl be an OP

Seriously, you should post this as its own article on DU

[Bengus81]

6. Why not,pay nearly ZERO % tax rate thanks to Trump and get labor for nothing in Mecico

But Trump will claim it as a WIN and Franken will...well not get to say anything.

[Vogon_Glory]

8. God knows the Mexicans can use electric cars

God knows the Mexicans can use electric cars. Thump forgets that there are over 90 million Mexicans and some of their cities have truly hideous air pollution problems.

[DorothyG]

13. Are these cars to be made just for the mexican market?

[Thor_MN]

9. GE laying off 12,000, Ford moving production to Mexico

All this winning! The Trump economy is starting to set in, hold on to your asses, it's going to be a bumpy ride.

[C Moon]

11. And thus begins the set up for the inevitable Republican trickle down Recession and job losses.

It happens EVERY SINGLE TIME they do this—and it doesn't take long, either.

[NewJeffCT]

12. Don't worry, though. the Master Dealmaker is on the case.

Ford will just contact the great deal maker in the White House and get $1 billion in tax breaks to stay in Michigan... but, a year later, Ford will still move 2/3 of the jobs to Mexico anyhow, and then the remaining 1/3 a year later. However, Ford will keep the billion and invest it in their Mexican plant. However, most of the headlines will all be about Ford staying in Michigan

[IronLionZion]

14. Did they get tired of winning?

or is Trump such a brilliant job creator that he is creating jobs in other countries?

They're not looking forward to Trump's sweet tax breaks? Or maybe they'll shake down our government for some really extra-special breaks to get them to stay.

[Initech]

15. MAGA!!!!