Ford Chief Executive Says Trump Policies May Lead to Layoffs

[Jim Lewis]

Shared Article Appearing in the NY Times on 2/11/24:

https://www.nytimes.com/2025/02/11/...e_code=1.wU4.xxwC.nU-Ge4JuVKDJ&smid=url-share

Ford Motor could be forced to lay off employees if the Trump administration ends subsidies and other financial support for electric vehicle manufacturing, the company’s chief executive said on Tuesday.

Ford has invested heavily in factories to produce batteries and electric vehicles in Ohio, Michigan, Kentucky and Tennessee, Jim Farley, the Ford chief executive, said at a conference in New York. If Republicans repeal Biden-era legislation that allocated billions of dollars in subsidies and loans for the projects, Mr. Farley said, “many of those jobs will be at risk.”

Mr. Farley was also sharply critical of President Trump’s threat to impose tariffs on cars and components from Mexico and Canada. Ford makes several vehicles in Mexico, including the Maverick pickup and Mustang Mach-E electric S.U.V., and engines in Canada.

“A 25 percent tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen,” Mr. Farley said, according to a transcript of his remarks provided by Ford. “It gives free rein to South Korean and Japanese and European companies that are bringing one and a half to two million vehicles into the U.S. that wouldn’t be subject to those Mexican and Canadian tariffs.”

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[ryun]

I'm of two minds on this because on the one hand when businesses want to make an unpopular move they always want to find a scapegoat to make it look like their hands are tied.

On the other hand, the only positive thing I can say about the current president is that I think it's great he's pushing to remove the penny (do the nickel too).

 

[Grease Lightning]

Shared Article Appearing in the NY Times on 2/11/24:

https://www.nytimes.com/2025/02/11/...e_code=1.wU4.xxwC.nU-Ge4JuVKDJ&smid=url-share

Good article pointing out how some of the broader brushstrokes currently being taken have real world impacts to American workers as the President tries to take actions to “bring back American jobs”.

Maybe he should consider all of the impacts while obliterating the previous administration’s work that was successfully approved by congress?

 

[Jim Lewis]

The thread seems to have been quickly relegated to "off-topic" status... Which means no new post to the thread bumps it up in the latest/newest post status on the forum. Effectively rendering the thread a "non-person" status.

 

[Scorpio3d]

The thread seems to have been quickly relegated to "off-topic" status... Which means no new post to the thread bumps it up in the latest/newest post status on the forum. Effectively rendering the thread a "non-person" status.

Well, that would be a shame if that is the case because this is important stuff! There are serious economic ramifications for the moves that the current administration is making!

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