Ford hits the reverse gear for good profits and even better PR.
Legal Insurrection readers may recall that Professor Jacobson featured Michael Moore clearly predicting the outcome of last week’s vote: “Trump’s election is going to be the biggest Fuck You ever recorded in human history. And it will feel good.”
A reminder worth checking again, in light of Moore’s prediction.
Moore recounted a meeting that President-Elect Donald Trump had with the executives of Ford Motor Company, threatening tariff hell if they moved jobs to Mexico. According to Moore, this was “music to the ears of the people of Michigan, Ohio, and Pennsylvania and Wisconsin.”
Indeed! Analysis has shown that Trump’s “War with Motor City” was a key reason for his win.
…In Michigan, the epicenter of America’s auto industry, Trump won a state that hadn’t supported a Republican candidate since George H.W. Bush in 1988. The Republican nominee also took Ohio, the second-largest car producer among the 50 states, with relative ease. A similar story played out in Indiana, whose vehicle production is slightly ahead of Kentucky this year.
Overall, the seven states that have manufactured the most cars so far this year all lined up behind Trump: Michigan, Ohio, Indiana, Kentucky, Alabama, Tennessee and Missouri.
It was apparent that Trump’s message resonated with voters who work in manufacturing….
Perhaps sensing that the country may be heading in a new, anti-globalist direction, Ford shifted the production of a line of trucks from Mexico to Ohio in mid-2015!
Ford’s [F-650 and F-750 medium-duty commercial] trucks which used to be built in Mexico started rolling off an assembly line in Ohio this week.
That’s good news for the 1,000 Ford workers in Ohio, who might have otherwise been out of work.
It’s also good publicity for Ford (F), which has been under fire for investing so much in Mexico. In April, the automaker said it would invest $2.5 billion in transmission plants in the Mexican states of Chihuahua and Guanajuato, creating about 3,800 jobs there.
To say that their line subsequently had a successful sales year would be an understatement, as sales of medium-duty trucks soared :
It would be heartening to see Ford and other manufacturing firms return to this country, inspired by profits instead of threatened by tariffs.
Donald Trump once remarked that the 1990’s sure aren’t like the 1980’s. I sure hope this is a sign that our businesses realize that our President is serious about business, and that Trump will work to ensure that the remainder of this decade is nothing like the 8 years that have preceded it.
Donations tax deductible
to the full extent allowed by law.