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Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs Because MAGA!

By APOCALYPSEFUCKisShostikovitch following x   2019 Mar 18, 9:43pm 466 views   16 comments   watch   nsfw   quote     share    


http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/

Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.

DUH! DONNIE!

DONNIE!! MAKE! MOO!
1   Tenpoundbass   ignore (14)   2019 Mar 19, 5:36am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Why don't they make cars people want? And why are they trying to get $80,000 for a fucking pickup truck?

Sounds like the company is ran by fucking retards. The faster the big three can finish destroying themselves, the faster my vision of mass produced custom ordered kit cars can come into fruission. Until then I'll continue to be a solid Mazda buyer. BTW a Ford collborating partener.
But Mazda makes cars that looks this..


While Ford squanders the opportunity to come up with bullshit like this.

2   RC2006   ignore (0)   2019 Mar 19, 6:12am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Tenpoundbass says
Why don't they make cars people want? And why are they trying to get $80,000 for a fucking pickup truck?


This
3   APOCALYPSEFUCKisShostikovitch   ignore (38)   2019 Mar 19, 7:24am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Looks like a Mazda 3. Probably cheaper, too.
4   Patrick   ignore (1)   2019 Mar 19, 7:51am   ↑ like (3)   ↓ dislike (0)   quote   flag        

https://www.forbes.com/sites/chuckdevore/2018/10/16/the-trump-manufacturing-jobs-boom-10-times-obamas-over-21-months/

And not by a small margin, but rather an order of magnitude. Maybe Ford had issues, but overall Trump has been extremely good for US manufacturing, exactly as he promised.

At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.” He went on to mock then-candidate Trump by saying he’d need a “magic wand” to make good on this manufacturing job promises.

Months later, as the shock of a President-elect Donald Trump was still being absorbed, New York Times columnist and economist Paul Krugman tweeted on November 25, 2016, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”

Well, a funny thing happened—Trump’s policies, and just as importantly, the expectation of Trump’s policies, ignited a manufacturing resurgence.

In the first 21 months of the Trump presidency, nonfarm employment grew by a seasonally adjusted 2.6%. In the same period, manufacturing employment grew by 3.1%, reversing the trend under Obama when overall employment grew faster than employment in the manufacturing sector.

Comparing the last 21 months of the Obama administration with the first 21 months of Trump’s, shows that under Trump’s watch, more than 10 times the number of manufacturing jobs were added.
5   AD   ignore (0)   2019 Mar 19, 11:09am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Patrick says
At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.”


And that is what Ross Perot warned about and his supporters were claiming that "free trade" was just a transfer tax (or wealth transfer) from the USA to Mexico and other 3rd world countries.

I recall how many including Al Gore mocked Ross Perot for his warning.

It is interesting that the US manufacturing jobs peaked in 1979 right around when China opened up its economy, and then US manufacturing dramatically decreased when free trade agreements with Mexico, China, etc. started to take effect in the late 1990's and early 2000's.
7   HEYYOU   ignore (26)   2019 Mar 19, 11:15am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Tenpoundbass says
And why are they trying to get $80,000 for a fucking pickup truck?


Now that's funny! Cracked me up! My sides are cramping!
8   AD   ignore (0)   2019 Mar 19, 12:37pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

HEYYOU says
Tenpoundbass says
And why are they trying to get $80,000 for a fucking pickup truck?


Yeah, and I see they want to sell the new Ford Ranger extended cab starting around $30,000 out the door.

Back in 1995 they were selling the same for around $15,000.

So the price doubled, or increased by about 3% every year. However, the new Ford Rangers have a little better mileage and features.
10   Goran_K   ignore (2)   2019 Mar 19, 1:37pm   ↑ like (4)   ↓ dislike (0)   quote   flag        

Muellar! But Muellar! and tax returns!!!!

*Democrat frothing at the mouth* !!!!!!!!!!!
11   Quigley   ignore (0)   2019 Mar 19, 2:21pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Wages haven’t increased at 3% per year since 1995. They’ve stagnated for long periods, and experienced anemic growth during boom times. I’d say that wages are around 1.5 x 1995 rate, not twice that rate. No wonder new car prices seem so fucking high!

I always buy used one year. Knocks $10-15k off the price, plus a lot of initial taxes. My last new car had 10k on the odometer. No problem!
12   Quigley   ignore (0)   2019 Mar 19, 2:22pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Goran_K says
Democrat frothing at the mouth* !!!!!!!!!!!


Don’t forget “autistic screeching!” Always plenty of that around Democrats.
13   Goran_K   ignore (2)   2019 Mar 19, 3:51pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley says
Goran_K says
Democrat frothing at the mouth* !!!!!!!!!!!


Don’t forget “autistic screeching!” Always plenty of that around Democrats.


Yes the screeching, tears and frothing are all great entertainment.
14   Booger   ignore (2)   2019 Mar 19, 5:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley says
Don’t forget “autistic screeching!” Always plenty of that around Democrats.

15   cmdrda2leak   ignore (0)   2019 Mar 19, 5:52pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Top-selling vehicle in the world is...

*drumroll*



Ford F-150.

That's just how many of these they sell in North America (because you can bet most of the rest of the world wouldn't consider driving around in this heap, or at least would regard it as ludicrously oversized.)
16   AD   ignore (0)   2019 Mar 19, 7:44pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

cmdrdataleak says
Top-selling vehicle in the world is...


But I wonder how the new Ford Ranger extended cab (about $30,000 out the door) will impact F-150 sales.

They are going to have to price the F-150 extended cab at least 30% more than the Ford Ranger.

If it is 30% more in cost, then it may mean that F-150 potential buyers end up buying the cheaper Ford Ranger.

Also, it may mean also that there are SUV buyers who may be attracted to buying the Ford Range extended cab.

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