Chrysler moving production of trucks from Mexico to Detroit

[Thermodolia]

Not for at least 100 years, 50 is pushing it. Again we already had this conversation so I’m not going to repeat myself

OK, and I will remain where I am. Skeptical

Nothing wrong with that

[Grand Britannia]

TIL adding jobs is less jobs.

I'm just wondering if this will create as many jobs as they claim. If the world is gonna beat me into being a cynic don't be surprised that I'm a cynic

The amount of workers needed to man a factory is determined before the factory is even constructed.

So yes, if they said they need 2,000, it's likely because they've determined that's what will take to man their operations.

[The Derpy Democratic Republic Of Herp]

I'm just wondering if this will create as many jobs as they claim. If the world is gonna beat me into being a cynic don't be surprised that I'm a cynic

The amount of workers needed to man a factory is determined before the factory is even constructed.

So yes, if they said they need 2,000, it's likely because they've determined that's what will take to man their operations.

Don't know for how long it will stay that way.

I'm just going to be skeptical of this.

[Improved werpland]

Economically speaking, he's by far the most successful President the US had since the war. There hasn't been a boom like this for a long time. Of course it won't be sustained, but for now...

No this unpopular tax reform is the Republicans' fault, not Trump's. He jeapardized the chances and popularity of "Cut Cut Cut" by merely being president at the time it was written and passed.

[Ethel mermania]

And you know this because???

I mean, Comcast is easy. Would YOU work for Comcast?

i worked for and with at&t, and it was not a bad place. i did see the last few years of bell labs being bell labs, and that was a very impressive place to be.

[Ethel mermania]

Economically speaking, he's by far the most successful President the US had since the war. There hasn't been a boom like this for a long time. Of course it won't be sustained, but for now...

No this unpopular tax reform is the Republicans' fault, not Trump's. He jeapardized the chances and popularity of "Cut Cut Cut" by merely being president at the time it was written and passed.

i am up 5 grand by the tax calculators in the papers, and using that money for the monthly car payment, i bought a car this week.

[Improved werpland]

No this unpopular tax reform is the Republicans' fault, not Trump's. He jeapardized the chances and popularity of "Cut Cut Cut" by merely being president at the time it was written and passed.

i am up 5 grand by the tax calculators in the papers, and using that money for the monthly car payment, i bought a car this week.

Trump inherited an economy which was already picking up and has done relatively little to regulate or spurn it. I'm not saying it's all thanks to Obama either, but Trump himself had no hand in this.

[Ethel mermania]

i am up 5 grand by the tax calculators in the papers, and using that money for the monthly car payment, i bought a car this week.

Trump inherited an economy which was already picking up and has done relatively little to regulate or spurn it. I'm not saying it's all thanks to Obama either, but Trump himself had no hand in this.

obama didnt do the tax cut that put 5 grand in my pocket. i bought the car based on my changed tax situation, the money i am going to save in taxes, makes the purchase an easy decision. thats a result of tax policy, thats all on trump.

after the crash, business's recover, thats how the business cycle works, we give to much credit to politics for natural business cycles, and the things (like the mortgage crises that business does)


also the market didnt pick up till trump was elected. (whether this is a bubble or not is a topic for a different thread).

back to topic: this is a smart move by chrysler which these days is an italian company

[Improved werpland]

Trump inherited an economy which was already picking up and has done relatively little to regulate or spurn it. I'm not saying it's all thanks to Obama either, but Trump himself had no hand in this.

obama didnt do the tax cut that put 5 grand in my pocket. i bought the car based on my changed tax situation, the money i am going to save in taxes, makes the purchase an easy decision. thats a result of tax policy, thats all on trump.

after the crash, business's recover, thats how the business cycle works, we give to much credit to politics for natural business cycles, and the things (like the mortgage crises that business does)


also the market didnt pick up till trump was elected. (whether this is a bubble or not is a topic for a different thread).

back to topic: this is a smart move by chrysler which these days is an italian company

My bad, I hadn't bothered to read what you wrote. Back to the former post.

The Republicans would have done this as long as any of their kind had been elected. They made the bill and passed it, only a small part of that process relied on him. More importantly, he has no ideology or genuine political beliefs. The tax bill, being such a heavily ideologically-based piece of legislation, cannot be blamed on Trump. It is on the Republicans, not him.

[The Black Forrest]

No this unpopular tax reform is the Republicans' fault, not Trump's. He jeapardized the chances and popularity of "Cut Cut Cut" by merely being president at the time it was written and passed.

i am up 5 grand by the tax calculators in the papers, and using that money for the monthly car payment, i bought a car this week.

You bought a car based on the new paper calculators?

[Costa Fierro]

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)

What you happened to miss from the Reuters article is that the Warren Assembly Plant already produces the Dodge Ram and that the factory in Mexico will be used for global FCA products. Chances are this new commercial vehicle will likely be Mexican production of the Strada, which is currently sold in Mexico as the Ram 700. Potentially it could also be another model for the US/Canada market given the growth of the light pickup market.

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

Most of these decisions by companies regarding extending paid maternity leave are what Democrats want anyway. However the Democrats want said laws enshrined at a federal level.

Most importantly, do you attribute this as a win for the Trump administration?

We'll wait and see.

[The Conez Imperium]

Economically speaking, he's by far the most successful President the US had since the war. There hasn't been a boom like this for a long time. Of course it won't be sustained, but for now...

No this unpopular tax reform is the Republicans' fault, not Trump's. He jeapardized the chances and popularity of "Cut Cut Cut" by merely being president at the time it was written and passed.

Trump allowed it to happen which gives him some responsibility for the tax reform.

[Ethel mermania]

i am up 5 grand by the tax calculators in the papers, and using that money for the monthly car payment, i bought a car this week.

You bought a car based on the new paper calculators?

it made the decision eaiser, my own rough calculations showed a similar result.

[Infected Mushroom]

Yes!

YEEEEEEEEESSSSS! (throws fists into the air, jumping around)

Trump! Long live Trump!

Good job Trump!

[Petrolheadia]

Detroit was a mistake, Japan's better at automotive engineering anyway.

Tell that to the Ford Panther Platform cars, Ford Mustang GT, GM's 3800 V6, Mopar's slant-6 and A-Series V8, TorqueFlite transmission, or any American rustproofing, or anybody who in the 70s and 80s noticed that for the price of a fullsize Chevy Impala or Ford LTD they can only have a compact Honda Accord or Toyota Corona, or any of old trucks still in normal service after 40+ years.