January 4, 2017

Trump took false credit for Ford move

Independent, UK - Donald Trump has been quick to take credit for a decision by Ford to scrap a new plant in Mexico and instead create 700 new jobs in Mexico.

He tweeted a comment from Ford’s CEO that the decision was a “vote of confidence” in the pro-growth policies Mr Trump has vowed to pursue.

But the same executive, Mark Fields, has revealed that market conditions were much more of a factor in the company’s decision.

“The bottom line is we’re not seeing the volume and the demand that we expected for that plant. And, therefore, we're looking at our capacity and saying, ‘You know what, we can build that in an existing facility and use capacity that we already have’,” he told CNBC.

On Tuesday, Ford said it would spend $700m in its Flat Rock, Michigan, plant and add 700 new jobs. The company said it would continue to build its Ford Focus at an existing plant in Hermosillo, Mexico, to improve company profitability.

3 comments:

Anonymous said...

This is turning just painfully awful. We do not savor having to seem to be defending Trump, however, having to deal with the onslaught of misinformation and blatant propaganda proves even more loathsome. Enough of this partisan bull shit, for Christ's sake when are you going to resume some commitment to actual journalism?
The lie in the Independent news item is one of omission.
Bloomberg's coverage of the same announcement reveals an entirely different conclusion:
“One of the factors we’re looking at is the more positive U.S. business environment that we foresee under President-elect Trump and the pro-growth policies that he’s been outlining,” Fields told reporters at Ford’s factory in Flat Rock, Michigan, where the company is investing $700 million and adding 700 jobs. “This is a vote of confidence around that.”

So what's it to be, Sam? Honest reporting or tawdry polemicist? You're really disappointing and letting us down.

greg gerritt said...

Business climates have no actual influence on economic growth rates. The pro business hype,. will be hype, itis not going to raise the growth rate enough to see.

Anonymous said...

3:15

You seen to think that Bloomberg might not have a vested interest in supporting the elite, and downplaying the ruin the resident-elect is making. Bloomberg is owned 30% by Merrill Lynch, they have all sorts of reasons to suck up to the cheeto. I'm sorry your head must hurt when the truth shows up.