It didn't take Mark long to blame President Trump - as usual. We have all seen the video of that lying Obeyme wanting to know where all of the new jobs will come from, you know, the millions of jobs that have been created since President Trump took office. Mark is just voicing another typical lying liberal twist of the truth while ignoring the actual facts.
PJ, I recall telling you the GM would collapse after the bailout that you supported. The collapes begins.
The market seemed to like the changes until Donny Dimwit chimed in today and said he was going to take some illegal action to get back at GM. GM isn't collapsing they are just doing away with unprofitable products. There aren't many people that are interested in buying passenger sedans these days. Honda, Nissan, Toyota and so on wish they had competitive full-size trucks and a large variety of SUVs like Ford, GM and FCA. Hell Jeep is selling more Wranglers than Toyota is selling Camrys.
Vehicles like this are the future of the US automotive industry.
Originally posted by: Mark
I am confused. Didn't Trump promise to not only save existing automotive jobs but to create thousands of new ones in Ohio and Michigan. Was he lying?
Ya think?? lol. Besides,those were not buy outs but loans that GM and Chrysler promptly repaid.Not to mention the tax revenue the government recieved from workers lucky enough to keep their jobs.
It's amazing how many of the Jeep Wranglers I see on the streets here in So.Cal.
"Hell Jeep is selling more Wranglers than Toyota is selling Camrys."
Thru October Toyota has sold 290,000 Camrys, while Jeep has sold 194,200 Wranglers. Most people realize that 290 is greater than 194
I relied on sales numbers from earlier in the year that showed them running neck and neck. How much profit do you think Toyota makes on each Camry? I'd guess about 1k if they are lucky. Toyota said back in 2017 that it was more profitable for them to build a Camry in Japan and ship it to Kentucky for distribution than it was to build one in Kentucky. FCA makes in the low five figures on each Wrangler. Which would you rather build if you were an automotive company? Full-size trucks offer a similar margin.
Ford said in 2016 that it makes a $13,000 profit on each F150 it sells. Again which product would you rather sell if you are an automotive manufacturer? GM, Ford, and FCA have said for the last several years that they lose money on every passenger sedan they sell. The only reason they continued to sell them was to meet their CAFE requirements which Trump froze. Add in Trump's tariffs on steel and aluminum and it no longer makes economic sense for these companies to continue to build a large volume of passenger sedans. (Both GM and Ford have said Trump's tariffs have cost them a billion dollars making low margin or no margin passager cars even less profitable.)
As you can see Trump's policies are largely responsible for these closures.
According to Mark, as usual, everything is President Trump's fault. Everything that transpired before he became President gets a pass - NAFTA, trade imbalance throughout the world, non job growth, Obeymecare, the tripling of the national debt from 2000 til 2016, 2.6 million illegal immigrants entering the U.S. during Obeyme's presidency. Yeah, all of this shit gets a pass in Mark's world.
