Is this going to work?
But these EVs could very well be the victim of Trump abolishing or lowering fuel standards (something for which Ford is actively lobbying..)
Quote:But, as with a few other corporate announcements that Trump has touted as endorsements of his plans to rewrite the rules of global trade, there was less than met the eye in the Ford announcement. Yes, Ford CEO Mark Fields flattered Trump in his statement, but it’s clear that Ford made the decision to cancel the new Mexican factory for one reason only: It no longer made economic sense.Donald Trump can bully auto makers all he wants, but he can’t repeal the laws of economics - MarketWatch
Also read: CEOs pandering to Trump risks dangerous ‘caudillo capitalism’
The Ford announcement reveals the hidden danger of Trump’s bullying tactics: Corporations may be eager to give Trump some credit for decisions they’d make anyway, which will bolster Trump’s confidence that there’s nothing wrong with American manufacturing that can’t be solved by getting tough. Tear up the treaties, impose some tariffs, bully some CEOs, and — voila! — America is back!
The reality is more complex, of course. American companies (and European, and Japanese and Chinese companies as well) aren’t putting some of their production in Mexico just to take advantage of a poorly negotiated NAFTA. They are investing in Mexico because it’s a great place to do business. And Trump can’t change that reality with a tweet or a tariff.
Quote:President-elect Donald Trump sent out a tweet Tuesday morning threatening to tax General Motors for manufacturing abroad. "General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border," Trump tweeted. "Make in U.S.A. or pay big border tax!"Trump says GM should manufacture in the US - Business Insider
Quote:Ford CEO Mark Fields on Tuesday announced that the carmaker would cancel plans to invest $1.6 billion to build a new factory in Mexico. Instead, the company will undertake a $4.5 billion investment to roll out 13 electric vehicles over the next five years, Fields said.Ford drops $1.6 billion Mexico plant, plans US electric-car expansion - Business Insider
But these EVs could very well be the victim of Trump abolishing or lowering fuel standards (something for which Ford is actively lobbying..)