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Location: Was Midvalley Oregon; Now Eastside Seattle area
13,075 posts, read 7,519,082 times
Reputation: 9798
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I'm not pleased that The Don, is meddling in corporate affairs: ie GM/Ford's low profit, small cars are moving to less expensive assembly countries. Please, nonPolitical comments.
Effect on Markets???
I'm not pleased that The Don, is meddling in corporate affairs: ie GM/Ford's low profit, small cars are moving to less expensive assembly countries. Please, nonPolitical comments.
Effect on Markets???
So because he is president, he isn't allowed to have an opinion. Look people, he isn't God. He just can't will something into existence. However, by gathering public support, things sometimes happen. For instance, the Ford example listed above. Trump makes a comment about Ford shifting production to Mexico. Many long time Ford customers like my Mother, get upset and start contacting Ford, telling them that they will never purchase another of their products if they make this move. Ford then decides that this would be horrible for their companies future profits and decides to change their mind. How is this meddling? This is the power of social media. A concerned citizen sees something they don't like, lets the world know, and soon other like minded people get on board and force the company to change. This has happened many times.
The automakers have jumped through hoops and spent billions for years over safety, emissions, mileage and other regulations from DC. A little jaw-boning about imports is not a big deal.
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,075 posts, read 7,519,082 times
Reputation: 9798
If these cars made in the US are low to no profit to the manufacturer then there wouldn't be a profit if sold in a foreign country. US consumers lose because there would be no incentive for the manufacturer to promote and improve quality or improve production efficiency. The Manufacturer loses because there is no profit. The stock holders lose because their invested money is more idle and will seek better returns.
If these cars are made in a foreign country with lower variable costs, and make a profit in selling them in that foreign country and a little profit when imported into the US; The manufacturer, stock holders, and consumers both foreign and domestic come out ahead, with domestic labor losing, foreign workers winning.
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