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How about giving the blame to GM since they seem to be the only ones hurting right now?
It doesn't matter whose fault it "really" is. If the economies in Ohio and Michigan are going downhill by the time 2020 arrives, voters will blame Trump. That's just the way it always works.
People obviously aren't buying GM vehicles in quantities they would like while others car manufacturers are doing quite well. Maybe, just maybe this might be a tiny bit the fault of GM for not supplying the market with vehicles people prefer to buy? Isn't this a continuing issue for GM going back a couple of decades at least?
Before you make grand statements -- you might want to google a little.
Car Sales Are Slowing for the First Time in Eight Years | Fortune In the last eight years, car sales have grown by an average of 5% per year, but in 2018 that rate is expected to slow to a mere 1.8% over 2017. The Wall Street Journal attributed the shift to global uncertainty over Trump’s trade policies, which are undermining consumer confidence, raising prices on raw materials, and creating new barriers to the import and export of vehicles.
And yes GM has had struggles and may be the first to feel the pinch...but it seems auto sales in general are slwoing.
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Quote:
Originally Posted by Finn_Jarber
The article says "The factories to be closed currently produce cars that are not sold in the United States"
And we know the tariffs have INCREASED the trade deficits.
Its simple folks, our trading partners are importing even less from US as a result of the trade war, and it is making trade deficits worse, and it is harming US businesses.
GM Europe was known as Vauxhall Opal in Europe but it was sold along with it's factories to French Peugeot-Citroen in 2017.
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The mismanagement of the company - even after the bailout coupled with union contracts that give their workers more than someone with a 4 yr college degree is their problem.
What we see is exactly what the $15 an hour wage promoted - automation who isn't bickering about pay, benefits and are reliable for 1/2 the cost in the long run.
It has little to do with who ever was president - it's all about a company's profit and GM hasn't been doing well for years.
It doesn't matter whose fault it "really" is. If the economies in Ohio and Michigan are going downhill by the time 2020 arrives, voters will blame Trump. That's just the way it always works.
THIS!!!!! And it doesn't matter what each of us thinks or feels -- reality -- if you are a swing voter and your economic situation is not great -- it doesn't matter what the REAL reason will be.
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,411,082 times
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Quote:
Originally Posted by moneill
Before you make grand statements -- you might want to google a little.
Car Sales Are Slowing for the First Time in Eight Years | Fortune In the last eight years, car sales have grown by an average of 5% per year, but in 2018 that rate is expected to slow to a mere 1.8% over 2017. The Wall Street Journal attributed the shift to global uncertainty over Trump’s trade policies, which are undermining consumer confidence, raising prices on raw materials, and creating new barriers to the import and export of vehicles.
And yes GM has had struggles and may be the first to feel the pinch...but it seems auto sales in general are slwoing.
Gee, WHY should that be with the allegedly BOOMING! economy?
The mismanagement of the company - even after the bailout coupled with union contracts that give their workers more than someone with a 4 yr college degree is their problem.
What we see is exactly what the $15 an hour wage promoted - automation who isn't bickering about pay, benefits and are reliable for 1/2 the cost in the long run.
It has little to do with who ever was president - it's all about a company's profit and GM hasn't been doing well for years.
While the reasons you mentioned may have GM feel the loss of auto sales FIRST.
Auto sales have dropped in 2018 and experts attribute that to the tariffs.
This is a business decisions regarding profitability (which many businesses make every day). At the root is often low sales and high costs, which is most often tied to product demand and management. This situation will never change in a free enterprise system, regardless of which party is in power.
Most corporate financial decisions are financial, not political. If this was a politically related decision, the rest of the automobile manufacturers would be doing the same.
In reality, the U.S. auto manufacturing industry started its major downward slide in the late 60's (Chrysler) and has continued downward from there. At the same time, Toyota, Nissan, Honda and others have grown ... including their U.S. manufacturing plants.
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