Chrysler moving production of trucks from Mexico to Detroit

[Salandriagado]

No, but the people who did the actual budget forecasts are. And said forecasts say it's going to add a trillion dollars to the deficit over the next decade.

I honestly will say that many people say it will and it won't. At this point I'm more willing to look at the effects rather than the predictions. I didn't hear many "experts" mentioning Chrysler returning.

Kindly look up the difference between macroeconomics and microeconomics before making ill-informed statements.

[Thermodolia]

Nohody cares they're getting better, right?

Maybe I should clear things up:

Yay. His tax policy did something good.

Woo.

(Image)

Detroit will still suck to live in, just less sucky then before.

Walmart and chunks of Comcast still suck to work for, just less sucky then before.

And CHIP is still going to die.

But here, he did a good thing. Yay. Woo.

...so?

Every company in the world sucks to work at in some area.

This is like saying "wtf the sun bothers me in places with no overhead cover".

Two big chunks of a company suck to work at. The fact that yes "Every company in the world sucks to work at in some area." doesn't mean we can't improve.

And, yes this is an improvement. But not by much.


Like I keep saying, this is good, but not earth shatteringly good.

You have to start somewhere. And the fact that you keep bringing up that Detroit is shit is evidence that you don’t really care about them

[Uxupox]

You tax those of high income brackets and the administrator will be ordered by the board of directors to maximize revenue once again. Which will lead to high prices for goods.

Or not, because this would lead to the products being less competitive, and buyers won't buy more expensive stuff just so Brand X's executives don't have to sell their megayachts.

Why would these products be less competitive? Because some companies see more expenses and decide it's not worth it and stop selling them?

[The Empire of Pretantia]

You tax those of high income brackets and the administrator will be ordered by the board of directors to maximize revenue once again. Which will lead to high prices for goods.

Or not, because this would lead to the products being less competitive, and buyers won't buy more expensive stuff just so Brand X's executives don't have to sell their megayachts.

You don't have to worry about that if your competitors also raise the price. *Thinkingblackman.jpg*

[Salandriagado]

Or not, because this would lead to the products being less competitive, and buyers won't buy more expensive stuff just so Brand X's executives don't have to sell their megayachts.

Why would these products be less competitive? Because some companies see more expenses and decide it's not worth it and stop selling them?

No, because the companies are already charging what the market will bear (because they aren't stupid), and so raising prices, absent some change to the market, will just lose them money.

[Uxupox]

There are varying degrees of opinions about the subject made by the economists.

The variation is in how bad it is, not whether it will be bad.

I disagree. The varying of opinions include for how extremely positive it will be to how extremely negative it will be and many have mixed opinions about it.

[The Derpy Democratic Republic Of Herp]

Ok? That doesn't change the fact that Detroit sucks to live in and that Walmart and parts of Comcast suck to work for.

Maybe we should try to make Detroit suck less? Ya know like putting people who live there back to work so that they have something to do?

Two big chunks of a company suck to work at. The fact that yes "Every company in the world sucks to work at in some area." doesn't mean we can't improve.

And, yes this is an improvement. But not by much.


Like I keep saying, this is good, but not earth shatteringly good.

You have to start somewhere. And the fact that you keep bringing up that Detroit is shit is evidence that you don’t really care about them

Jumping to conclusions.
I call Detroit shit beacuse Detroit is shit.

And I just got done applauding the fact that yes this movement will make it less shit.

[Salandriagado]

The variation is in how bad it is, not whether it will be bad.

I disagree. The varying of opinions include for how extremely positive it will be to how extremely negative it will be and many have mixed opinions about it.

Go on then. Show me a proper analysis that shows it being extremely positive.

[Petrolheadia]

Or not, because this would lead to the products being less competitive, and buyers won't buy more expensive stuff just so Brand X's executives don't have to sell their megayachts.

You don't have to worry about that if your competitors also raise the price. *Thinkingblackman.jpg*

Now, which company will raise prices first to stop the execs' private islands being reposessed?
*Twothinkingblackmen.jpg*

[Uxupox]

Why would these products be less competitive? Because some companies see more expenses and decide it's not worth it and stop selling them?

No, because the companies are already charging what the market will bear (because they aren't stupid), and so raising prices, absent some change to the market, will just lose them money.

I completely agree that they aren't stupid but they will charge their prices in order to get their revenue if they see that they are getting less income because of taxes and assorted. The board of directors could care less about it's workers it's what they can achieve at the end of the week with their market value.

[Petrolheadia]

Maybe we should try to make Detroit suck less? Ya know like putting people who live there back to work so that they have something to do?

You have to start somewhere. And the fact that you keep bringing up that Detroit is shit is evidence that you don’t really care about them

Jumping to conclusions.
I call Detroit shit beacuse Detroit is shit.

And I just got done applauding the fact that yes this movement will make it less shit.

When would you say anything positive about Trump? If he gave every Detroiter a billion dollars?

[Salandriagado]

No, because the companies are already charging what the market will bear (because they aren't stupid), and so raising prices, absent some change to the market, will just lose them money.

I completely agree that they aren't stupid but they will charge their prices in order to get their revenue if they see that they are getting less income because of taxes and assorted. The board of directors could care less about it's workers it's what they can achieve at the end of the week with their market value.

I think you misunderstood my point: my point is that most businesses will not raise prices in response to rising taxes (because doing so would just lose them more money), nor lower them due to falling taxes (because that's just throwing away free money).

[Uxupox]

I disagree. The varying of opinions include for how extremely positive it will be to how extremely negative it will be and many have mixed opinions about it.

Go on then. Show me a proper analysis that shows it being extremely positive.

This is a pro. and this is a negative.

[Thermodolia]

Maybe we should try to make Detroit suck less? Ya know like putting people who live there back to work so that they have something to do?

You have to start somewhere. And the fact that you keep bringing up that Detroit is shit is evidence that you don’t really care about them

Jumping to conclusions.
I call Detroit shit beacuse Detroit is shit.

And I just got done applauding the fact that yes this movement will make it less shit.

The fact that you continually harp on the fact that Detroit is shit as a reason to not move there says otherwise. Case in point this post:

Maybe I should clear things up:

Yay. His tax policy did something good.

Woo.

(Image)

Detroit will still suck to live in, just less sucky then before.

Walmart and chunks of Comcast still suck to work for, just less sucky then before.

And CHIP is still going to die.

But here, he did a good thing. Yay. Woo.

The sarcasm is noticeable. So maybe cut the sarcasm if you want people to think that you actually care.

Isn’t NSG fun? Remember all of you posts are saved.

[Liriena]

Jumping to conclusions.
I call Detroit shit beacuse Detroit is shit.

And I just got done applauding the fact that yes this movement will make it less shit.

When would you say anything positive about Trump? If he gave every Detroiter a billion dollars?

I can't answer for Herp, but for me to have a positive opinion of Trump he would basically have to be a Bernie clone at the very least.

[Uxupox]

I completely agree that they aren't stupid but they will charge their prices in order to get their revenue if they see that they are getting less income because of taxes and assorted. The board of directors could care less about it's workers it's what they can achieve at the end of the week with their market value.

I think you misunderstood my point: my point is that most businesses will not raise prices in response to rising taxes (because doing so would just lose them more money), nor lower them due to falling taxes (because that's just throwing away free money).

I agree that they won't lower prices due to falling taxes but I do think that they will raise prices (Or lay off workers if need be) if you tax them directly.

[The Derpy Democratic Republic Of Herp]

Two big chunks of a company suck to work at.

Lemme tell you about companies that suck to work at.

Trashmen and sewer workers both have shitty jobs. Sometimes literally.

Some jobs just suck, and there's little a company can do about it.

Yes but you can make sales rep jobs better by not having insane sales expectations and phone jobs can be better by making a more positive environment.

[Petrolheadia]

I think you misunderstood my point: my point is that most businesses will not raise prices in response to rising taxes (because doing so would just lose them more money), nor lower them due to falling taxes (because that's just throwing away free money).

I agree that they won't lower prices due to falling taxes but I do think that they will raise prices (Or lay off workers if need be) if you tax them directly.

And where did my post mentioned direct company taxation?

I only talked about higher top bracket taxes; I support low CIT.

[Holy Tedalonia]

I completely agree that they aren't stupid but they will charge their prices in order to get their revenue if they see that they are getting less income because of taxes and assorted. The board of directors could care less about it's workers it's what they can achieve at the end of the week with their market value.

I think you misunderstood my point: my point is that most businesses will not raise prices in response to rising taxes (because doing so would just lose them more money), nor lower them due to falling taxes (because that's just throwing away free money).

Not at first ofcourse. It'll happen eventually though, typically when they distrust one another to the point where they will lower prices at first, so they get a good start of stealing competition.

[Petrolheadia]

Lemme tell you about companies that suck to work at.

Trashmen and sewer workers both have shitty jobs. Sometimes literally.

Some jobs just suck, and there's little a company can do about it.

Yes but you can make sales rep jobs better by not having insane sales expectations and phone jobs can be better by making a more positive environment.

That would be less efficient -> lower market value of the job -> even lower pay for that job.

[Uxupox]

I agree that they won't lower prices due to falling taxes but I do think that they will raise prices (Or lay off workers if need be) if you tax them directly.

And where did my post mentioned direct company taxation?

I only talked about higher top bracket taxes; I support low CIT.

Don't think I've ever seen a board of directors in the middle income bracket tbh.

[Uxupox]

Yes but you can make sales rep jobs better by not having insane sales expectations and phone jobs can be better by making a more positive environment.

That would be less efficient -> lower market value of the job -> even lower pay for that job.

Yea. That's why retail marketers are having a hard time finding workers for their companies (Not to mention the current low employment rate). I believe they need 400,000 new workers for this year and if they don't meet this demand they will probably have to increase the job's market value.

[San Lumen]

In what is possibly the first economic effect of Trump's tax cut legislation for corporations, Fiat-Chrysler Group has officially announced that they will be moving the production of the RAM trucks (formerly Dodge Ram series) from Mexico to Detroit.

The news follows an earlier announcement yesterday that Toyota and Mazda will be investing $1.6 billion to begin a joint venture in constructing an auto assembly plant in Alabama, but have not related their decision to the tax cut. Plans were announced after the election but before any talks of a tax cut.

The move will be accompanied by a $1.4 billion investment and 2500 extra jobs in Detroit. The Warren Assembly Plant will begin production of heavy-duty trucks from 2020. The Mexican plant will be 'repurposed', although it is unknown for what future commercial production. Staff have been notified of job losses in Mexico, but it is understood that there will likely be a new light duty truck production for a new model, yet unnamed and unseen.

FCA said it also would make a special bonus payment of $2,000 to about 60,000 FCA hourly and salaried employees in the United States totaling about $120 million. The CEO said this is because "the new [tax cut] bill allows us to share our savings with you [employees]"

Fiat Chrysler Chief Executive Sergio Marchionne a year ago raised the possibility that the automaker would move production of its heavy-duty pickups to the United States, saying U.S. tax and trade policy would influence the decision. If the United States exits NAFTA, it could mean that automakers would pay a 25 percent duty on pickup trucks assembled in Mexico and shipped to the United States. About 90 percent of the Ram heavy-duty pickups made at Fiat Chrysler’s Saltillo plant in Mexico are sold in the United States or Canada, company officials said.

Vice President Mike Pence praised Fiat Chrysler’s announcement. ”Manufacturing is back. Great announcement. Proof that this admin’s AMERICA FIRST policies are WORKING!” Pence said in a Twitter posting.

The Italian-American manufacturer is basking in high share gains as it finishes the second week of 2018 with a 21% growth.
(Image)

Other companies directly citing the new tax cut bill in bonuses:
Bank of America will give 145 000 non-senior level employees in the US a $1000 bonus
Wells Fargo and Bancorp will be introducing a $15-an-hour minimum wage and Wells Fargo will be donating $400 million to various charities in 2018 to "share wealth". Both banks will be giving all employees a $1000 bonus
Comcast will be giving all of its 100 000 frontline staff a $1000 bonus and announced a $50 billion investment plan over the next 5 years
AT&T has committed a $1 billion charitable giving plan for 2018 and will issue all 200 000 employees a $1000 bonus
Walmart, the largest employer in the world with 2.3 million employees, has announced they will be raising maternity leave to 10 weeks at 100% of pay, and will be giving all of their US-based employees a tiered bonus up to $1000 based on length of service, along with a pension contribution boost. They have also raised minimum wages to $11 an hour, and committed to ensuring no American Walmart employee claims income-based welfare by 2020.

Boeing's websites cites the new law as the reason for their planned $300 million charitable giving in 2018. " Chairman, President and Chief Executive Officer Dennis Muilenburg praised the tax bill passed by Congress and about to be signed into law as a critical driver of business, economic growth and innovation for the United States and for Boeing.

"On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States," said Muilenburg. "It's the single-most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.""





With the slew of companies announcing several positive changes to their governance, employee compensation/standards or community relations, it seems like the usual fears by anti-business Democrats that companies will take all the tax savings for themselves and pay them out in dividends have been utterly unfounded. Not a single company has yet announced a dividend boost, but more than $100 billion has been announced in investments.

It seems that the tax cut will, at current rate of news items, emit its intended purpose of enabling growth of the economy and passing down savings from corporate treasuries to employees and communities.

Are you now more or less positive about the US economy in the coming years? How do you think this will impact inequality, if at all? Most importantly, do you attribute this as a win for the Trump administration?

Its just one company. Meanwhile his approval rating in Michigan is dismal. The tax plan might help corporations makes more profits but it doesn't help the average person whose taxes will go up.

There are still many manufacturing jobs that are never coming back. Just like coal mines continue to to close and no new coal plants are even in the planning stage.

[Washington Resistance Army]

I'd say that's a win for Trump, yeah. If these things continue to happen I imagine it could certainly help Trump/GOP in the Rust Belt.

[Uxupox]

In what is possibly the first economic effect of Trump's tax cut legislation for corporations, Fiat-Chrysler Group has officially announced that they will be moving the production of the RAM trucks (formerly Dodge Ram series) from Mexico to Detroit.

The news follows an earlier announcement yesterday that Toyota and Mazda will be investing $1.6 billion to begin a joint venture in constructing an auto assembly plant in Alabama, but have not related their decision to the tax cut. Plans were announced after the election but before any talks of a tax cut.

The move will be accompanied by a $1.4 billion investment and 2500 extra jobs in Detroit. The Warren Assembly Plant will begin production of heavy-duty trucks from 2020. The Mexican plant will be 'repurposed', although it is unknown for what future commercial production. Staff have been notified of job losses in Mexico, but it is understood that there will likely be a new light duty truck production for a new model, yet unnamed and unseen.

FCA said it also would make a special bonus payment of $2,000 to about 60,000 FCA hourly and salaried employees in the United States totaling about $120 million. The CEO said this is because "the new [tax cut] bill allows us to share our savings with you [employees]"

Fiat Chrysler Chief Executive Sergio Marchionne a year ago raised the possibility that the automaker would move production of its heavy-duty pickups to the United States, saying U.S. tax and trade policy would influence the decision. If the United States exits NAFTA, it could mean that automakers would pay a 25 percent duty on pickup trucks assembled in Mexico and shipped to the United States. About 90 percent of the Ram heavy-duty pickups made at Fiat Chrysler’s Saltillo plant in Mexico are sold in the United States or Canada, company officials said.

Vice President Mike Pence praised Fiat Chrysler’s announcement. ”Manufacturing is back. Great announcement. Proof that this admin’s AMERICA FIRST policies are WORKING!” Pence said in a Twitter posting.

The Italian-American manufacturer is basking in high share gains as it finishes the second week of 2018 with a 21% growth.
(Image)

Other companies directly citing the new tax cut bill in bonuses:
Bank of America will give 145 000 non-senior level employees in the US a $1000 bonus
Wells Fargo and Bancorp will be introducing a $15-an-hour minimum wage and Wells Fargo will be donating $400 million to various charities in 2018 to "share wealth". Both banks will be giving all employees a $1000 bonus
Comcast will be giving all of its 100 000 frontline staff a $1000 bonus and announced a $50 billion investment plan over the next 5 years
AT&T has committed a $1 billion charitable giving plan for 2018 and will issue all 200 000 employees a $1000 bonus
Walmart, the largest employer in the world with 2.3 million employees, has announced they will be raising maternity leave to 10 weeks at 100% of pay, and will be giving all of their US-based employees a tiered bonus up to $1000 based on length of service, along with a pension contribution boost. They have also raised minimum wages to $11 an hour, and committed to ensuring no American Walmart employee claims income-based welfare by 2020.

Boeing's websites cites the new law as the reason for their planned $300 million charitable giving in 2018. " Chairman, President and Chief Executive Officer Dennis Muilenburg praised the tax bill passed by Congress and about to be signed into law as a critical driver of business, economic growth and innovation for the United States and for Boeing.

"On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States," said Muilenburg. "It's the single-most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.""





With the slew of companies announcing several positive changes to their governance, employee compensation/standards or community relations, it seems like the usual fears by anti-business Democrats that companies will take all the tax savings for themselves and pay them out in dividends have been utterly unfounded. Not a single company has yet announced a dividend boost, but more than $100 billion has been announced in investments.

It seems that the tax cut will, at current rate of news items, emit its intended purpose of enabling growth of the economy and passing down savings from corporate treasuries to employees and communities.

Are you now more or less positive about the US economy in the coming years? How do you think this will impact inequality, if at all? Most importantly, do you attribute this as a win for the Trump administration?

Its just one company. Meanwhile his approval rating in Michigan is dismal. The tax plan might help corporations makes more profits but it doesn't help the average person whose taxes will go up.

There are still many manufacturing jobs that are never coming back. Just like coal mines continue to to close and no new coal plants are even in the planning stage.

Never say never dude.