Ford CEO says Trump's claims are 'absolutely not' true
Source: Yahoo News
Ford (NYSE: F) CEO Mark Fields told CNN that Donald Trump 's claims about the automaker are "absolutely not" true.
"It's really unfortunate when politics gets in the way of facts and the facts are Ford's investment in the U.S. and commitment to American jobs has never been stronger," Fields said on Thursday.
Ford's small-car production will be relocated from U.S. manufacturing plants to Mexico over the next two to three years, Fields said at the automaker's investor conference on Wednesday. The GOP presidential nominee called it another example of companies taking jobs away from Americans.
"To think that Ford is moving its small-car division is a disgrace. It's disgraceful. It's disgraceful that our politicians allow them to get away with it," Trump said in a speech at the Economic Club of New York on Thursday.
When CNN asked whether Ford would be cutting any U.S. jobs as a result of this decision, Fields said, "Absolutely not. Zero."
Read more: https://www.yahoo.com/finance/news/ford-ceo-says-trumps-claims-194351002.html
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world wide wally
(21,836 posts)
Divine Discontent
(21,057 posts)Tell the funky bunch to stop playing the imaginary guitar, and please correct thyself!
"It's really unfortunate when TRUMP gets in the way of facts".
Someone needs to send him that politifact graphic about how trump is rated the least truthful of all recent candidates in 10 years!
Lunabell
(7,309 posts)It may not be cutting jobs, but it sure isn't creating jobs for Americans.
mdbl
(8,650 posts)someone please explain that to me, Trump aside.
Kokonoe
(2,485 posts)How its angled.
We are losing the jobs, without cutting them.
mdbl
(8,650 posts)and pretend you're not cutting jobs no matter how you angle it.
cstanleytech
(28,471 posts)currently make those cars however for a company with deep history of building a brand an a major American car maker it doesnt look good and my brother has told me he will now consider other car manufacturers for his next purchase rather than just automatically buy another Ford.
After all why show loyalty to a company that doesnt value it?
Moving all small car production to Mexico but "commitment to American jobs has never been stronger" is corporate doublespeak.
He's lying.
sendero
(28,552 posts)... someone with the correct answer. Trump is not lying, this asshole CEO is.
Ford said the small car factory will be used to build larger cars and they will need those workers on that new line.
Elmergantry
(884 posts)So why not build a new us plant?
daleo
(21,317 posts)Nothing else really matters. The fact that cheap labor can't buy new cars doesn't seem to register as a long run problem.
Elmergantry
(884 posts)So ford is fos
haele
(15,394 posts)Cars and light trucks from their Canadian plants have been sold in the US for decades.
I've heard for a couple years now from neighbors with relatives working in Mexico that all the car plants down there are in trouble. Ford's probably taking advantage of NAFTA to shift US work down there rather than having to deal with the very real politics of closing one or a couple of their Mexican plants - and to save costs because apparently, they can't compete as well in the US in the small car sales. It also saves them from having to build a new plant in the US or Canada for what is apparently a surge in North American larger vehicle sales.
Not that moving to Mexico is a good thing, especially when it comes to trying to grow jobs for skilled labor vice service in our country, but if they aren't firing people or shorting suppliers, just re-tooling it's better than it could be for the areas that will be affected.
Haele
bulloney
(4,113 posts)plants in Mexico.
This ripples into construction of supplier plants for these assembly plants.
None in the U.S.
None in Canada.
I think that speaks loudly on the long-term picture of auto production here in the U.S.
atreides1
(16,799 posts)Isn't Trump's clothing line still made out of the US? Why hasn't anyone in the media asked him when he's moving those jobs back to the US?
TipTok
(2,474 posts)Questions just bounce right off of him...
The sad part is that it's part of his appeal to many. The inner drive to be a selfish asshole made manifest.
Scarsdale
(9,426 posts)As soon as he is made king - er - President, tRump will move all those jobs to the USA, along with any workers who look like "models".
bulloney
(4,113 posts)There's an old saying among journalists that "dog bites man" is not news. "Man bites dog" is news.
If and when Trump ever tells the truth, the MSM should let us know. Otherwise, it's just another day on the campaign trail.
I agree with an earlier post that something doesn't smell right about Ford's move to move small car production to Mexico but it won't jeopardize U.S. jobs.
I attended an auto industry meeting recently and one of the stats that was discussed was that 85% of the cars produced in Mexico are exported. That told me that NAFTA has not delivered on its promise to create a viable middle class in Mexico that buys consumer goods such as cars and other major purchases.
liberal N proud
(61,194 posts)And they no longer point them out!
lark
(26,080 posts)but when he starts businesses in 3rd world countries, it's beautiful and yoouge and being a smart businessman. Is there anything about which he's actually honest? I truly think the man is a total sociopath, and the worst threat we've ever faced as a country.
Sunlei
(22,651 posts)
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jmowreader
(53,193 posts)NWCorona
(8,541 posts)
Kathy M
(1,242 posts)Also Ford is going to be investing in Electric . Ford is going to be investing 4.5 billion ,looks like total commitment 9 billion in USA
"The Obama administration will invest as much as $4.5 billion to build electric-car charging stations, creating a network stretching coast-to-coast to reduce “range anxiety” and potentially improve consumer acceptance of the lower-polluting vehicles.
The initiative will release the Energy Department loan guarantees to support a commercial-scale roll out of charging stations, with federal, state and local governments partnering with automakers like Ford Motor Co., General Motors Co., Nissan Motor Co. and Tesla Motors Inc.
Automakers are betting big on electric cars, in part to meet aggressive U.S. fuel-economy standards that project the vehicle fleet will average more than 50 miles per gallon by 2025. Ford is investing $4.5 billion to add 13 new electrified vehicles by 2020. GM is rolling out the Bolt, billed as the first affordable long-range electric car, later this year.
http://www.bloomberg.com/politics/articles/2016-07-21/obama-offers-4-5-billion-to-add-electric-car-charge-stations
"
Ford is investing a total of $1.6 billion in its Livonia Transmission and Ohio Assembly plants
The investment is part of the company’s commitment to invest $9 billion and create or retain 8,500 hourly jobs in its U.S. facilities during the next four years
In the past five years, Ford has invested $12 billion in its U.S. plants and created nearly 28,000 total U.S. jobs "
"DEARBORN, Mich., April 26, 2016 – Ford Motor Company is investing $1.6 billion to upgrade two of its manufacturing facilities in Michigan and Ohio, and creating or retaining 650 hourly jobs in the United States "
Rest at https://media.ford.com/content/fordmedia/fna/us/en/news/2016/04/26/ford-invests-in-us-plants.html
My take is Trump does not want electric , wants to continue with fossil fuel for his backers . Continuing this electric would be great , a plus to vote for Hillary .
jmowreader
(53,193 posts)As far as Trump's plans to "make America great again," well, let's just say the underpants gnomes' business plan is more coherent.
Kathy M
(1,242 posts)I just wanted to paste a couple articles of what Ford is actually planning on doing
jmowreader
(53,193 posts)A petroleum company is not primarily interested in making gasoline. They are primarily interested in making money, and there's less of it in gasoline than in anything else you can make out of petroleum. If electric cars take over the world, the petroleum companies can shift to producing primarily petrochemicals...closing many refineries and putting thousands out of work in the process, while still making more money than they ever did before.
Kathy M
(1,242 posts)I don't think electric cars would take over the world ...... in certain circumstances they would work though (I do not drive highways or long distances , just around town ) ... hopefully in time both will work for everyone . 
jmowreader
(53,193 posts)There is a LOT of terrain out here where no electric car charging station will ever be installed, but people still go to those places. I took a neat trip back in May: Coeur d'Alene, iD, to St. Regis, MT, then to Sandpoint, ID, and back home. It was roughly 300 miles. I would NOT have done that in an electric car; the feeling of possibly needing to either pay a wrecker to make a 200-mile round trip or push a three-ton car would have turned me off immediately. As it was, I needed less than seven gallons to make the whole run.
My feeling is, a Tesla is a realtor car, or maybe a high-end airport limousine - great for carrying important people in town, but when you're not using the car you go back to a waiting area and plug it in.
JonathanRackham
(1,604 posts)Hillary should lobby to build the factory in the US and upstage the douchebag.
