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depends on the vehicle.

Broad generalize much? My Saab was a great car but a maintenance pig, whereas my Cadillac's so far have been rather reliable. This isn't just anecdotes either, consumer reports tells a similar story. Not all cars are the same, but within a given segment, it's more competitive than ever before. The days of a Honda Civic going up against a Chevrolet Cavalier with an obvious winner are long gone.

Besides, you may be having some local bias. Go to Europe and you'll see some Mercedes cars that are so decontented you'd think you were in a rental grade Chevrolet Malibu. Cloth seats, manual adjusters, the works. Much like Florida Oranges, sometimes being near the source hurts you because the best gets exported.

Trump told reporters he was not happy with GM’s decision to idle a plant in Lordstown, Ohio.

“I have no doubt that in the not too distant future, they’ll put something else. They better put something else in,” Trump said.
“Get a car that is selling well and put it back in,” Trump said.

https://www.reuters.com/article/us-gm-re...SKCN1NV2GW?il=0

"This country has done a lot for General Motors and you better get back [to Ohio] soon.' ... I have no doubt in a not-too-distant future [GM] will put something else in."

https://www.axios.com/trump-says-general...ea43e0b23a.html

don't worry, all those people who are losing their jobs can get work at a coal mine that trump loves so much.

Manufacturing jobs growing at fastest rate in 23 years

https://www.marketwatch.com/story/heres-why-manufacturing-jobs-growth-has-been-so-strong-2018-08-03

Stop that GM, you will make people mad!

I am use to making folks mad on both sides of the fence

Actually the 50’s 60’s 70’s 80’s and 90’s. It’s only been the last 20 years or so that our mfg tooling has gotten a little closer to Germany and Japan’s tooling. You know, that tooling we built for them after WWII. They’ve been eating our lunch in car mfg every since. We’re not even close.

I agree

Because they've been competing, we've been resting on our laurels.

Trump says GM 'better' add new facility in Ohio after cuts

https://finance.yahoo.com/news/trump-says-does-not-gm-plan-slash-production-195954326--finance.html

Or what? He’s gonna say some really mean things about them on twitter?

I've never seen a President or any politician that I can remember target so many private businesses with his rhetoric. I think he thinks these businesses will just do whatever he wants them to, or he thinks the rubes that follow him think that.

On Monday, the Dow finished up over 300 points.. This morning it's down 126 (as of this moment 10:36am)

Just let it ride

Neither have I... nutjob

He has to look like a tough guy for his base. If it wasn't Trump most true capitalists would say that the president has no business trying to interfere with business and the private sector.

That sure looks like you are calling me a nutjob. You could be, but somehow I doubt it.

Yesterday, oil had a rebound.
Amongst the other news today, Trump said that he would not accept what China is offering on the tariff.

My eyes are on the G20 later this week

And he was in Youngstown talking about all the jobs he is going to bring back to the area and "don't sell your house".
At this point it may be just bluster and not able to accomplish anything...


But depending on what report you listen to, GM has only decided to stop building the Cruze in Lordstown in March of next year, but they are non-committal to the next product line. They could still bring another product, maybe.

I think the pres has to look at a couple things-
a) the steel and aluminum tariffs are hurting some of these companies-either ease some of the tariffs for US content or get Unites States steel and aluminum manufacturers up and running again.

b) if GM wants to now build vehicles in Mexico that they stop production in the US and ship back to this country to sell, they should be assessed a tariff.

c) It was noted in a business times story last night that GM, with their new tax law savings allowed them to hoard some cash and invest more in their overseas operations than invest domestically-GM also announced on the day that they eliminated the second shift a few months ago that they were going to manufacture a new SUV in Mexico

yes, the reports are that GM decided to build the new Chevy Blazer in mexico instead of the US.

Yes sir old wise one, prepare for Zoom Zoom into the end of the year!

Trump is certainly rubbing off on you. In a room full of people who won't call you smart or wise, you'll just do it yourself. The Trump effect on full display.

And I just checked before I get back to work. They want to build in Ramos, Mexico for the US consumer. Either they build that in Lordstown or they need to pay a 25% adder

but everyone else gets a chuckle

LOL No, Trump is the Nutjob.. not you, however in Fairness, I have heard rumors about you running in the Pumpkin patch not entirely dressed properly.....

And who do you think will be paying for those additional tariff costs?

I don't remember who the idiot was that said, we will build a wall, and Mexico will pay for it even if we have to put tariffs on products coming into the US from Mexico. (paraphrasing)

If true, you and I will be paying for that wall because it will be the consumer who ultimately pays for that wall..

Might have been Trump who said it.. now sure.

trump is demanding 5 bill for a wall he said mexico was gonna pay for.

At some point you have to punish American companies who move jobs out of our country. If they build the Blazer in Mexico and they add a 25% tariff on it, don't buy a Blazer.

Capitalism is a two way street. Corporations can use it as a weapon but consumers have the final say in what they buy. Price shop and compare. If GM shoots themselves in the foot, don't buy their products. It wouldn't take long for corporations to wise up.

j/c

Have to laugh as I read this thread.

Markets correct. They've been doing it since the beginning. Never mind that we are STILL UP 30% since the Presidential Election.

"...be fearful when others are greedy and greedy only when others are fearful." -Warren Buffett

Be glad and go make some money instead of whining about it.

this statement implies most of us aren't on the stock market and/or have roth IRA's/401ks.

i laugh at your post because you didn't say anything about rich people who also whine about money all the time and in public, yet here you are, whining about us whining.

yea, its hilarious.

I stated facts.

1. Markets correct.
2. We are still up around 30% since the elections 2 years ago. 30% !

And I didn't imply anything other than maybe you whine a lot, but I am not even sure I implied it. I think I just said it.

you stated facts as if its the be all end all.

i countered it.

but this is the problem. the market continues to go down, and you'll go "we're still up 25%!!"

"we're still up 20%!!!"

"we're still up 15%!!"

etc etc etc. it doesnt change the FACT that all the gains for THIS year have been wiped out.

now to be clear, i pray that doesn't continue to happen. but with trump once again stating he's gonna implement more tariffs, ford and GM announcing more layoffs, and the cost of commodities going up, i think you need to stop acting as if none of us should be concerned about the future.

Here's what he's not saying. As an economy gets better the fed should be raising interest rates. When an economy is doing okay, you don't give out tax cuts. See, if your interest rates aren't basement low, you can reduce them when the economy goes south in order to stimulate the economy. When the economy starts to go bad, you can use a tax cut to help stimulate the economy.

These are measures that we have used over a very long time when they're needed. You don't keep interest rates low and hand out tax cuts during a healthy economy. When you do those things during a healthy economy, you are creating an "artificially inflated" economy. You are taking away the very tools you will need if a massive correction occurs.

At the present time keeping rates so low and handing out huge tax cuts at a time our economy wasn't suffering hardship has raped our nation of the tools they'll need if the stock market actually starts taking a huge plunge.

But of course they won't admit that and will look for someone else to blame.

Well of course, there is a crap load of available workers sitting at the border. LOL

Obama policies are now being praised by Trump for saving GM.

https://www.usatoday.com/story/news/poli...ire/2125798002/

And this is the thanks GM gives us. Who would’ve known?

and this is the people with trump.

trump supporters said they wanted a business man as POTUS because he knows how to run the country.

so this is what a businessman does? threatens to take away subsidies for a car they already plan on killing?

he just threatened to take away the electric car subsidies from GM....even though they are already killing off the Chevy Volt.

that would be like threatening to take away subsidies for trucks with diesel engines from a company already phasing that engine out. GM going "uhh....ok."

And trump supporters are going gulp!

Having a business man as President isn't a horrible idea. But you gotta pick one that was successful in business. Not one that was handed the keys to the kingdom without earning them.

It also takes someone that had a company with tons of Employees that he's responsible for.

It also takes someone that has genuine Compassion for people.

Trump went from having no bosses, nobody to report to, too reporting to 325 million people. It's different.

He can run his company as he wishes. But this is the USA. We have rules and laws and thus far, if he doesn't like a law, he ignores it or says it's a bad law. He's essentially saying that about the Constitution.

It also takes someone who is basically an honest person.

Trump doesn't have the qualities or character to be President of the US.

this was in June:


General Motors warns Trump: tariffs could lead to 'smaller GM' and fewer jobs

https://www.theguardian.com/business/2018/jun/29/general-motors-trump-tariffs-gm-jobs

welp.....

Ah but here's the glitch in "the businessman" model. Businesses are vastly different. Some are basically overseen by a board and the CEO actually has to work hand in hand with that board on all decision making. Their CEO's learn to work with others and work through a process with others.

Then there's the "family business" where the patriarch is in charge and has nobody that he has to answer to. Where he really doesn't need to work with others to arrive at decision making. More of a dictator of the business.

We can see now how electing the dictator variety over the corporate variety works out. I explained this before the election yet it was to no avail. Now we see what it looks like when a president thinks he doesn't have to answer to anyone. See, before his business minions all had to just shake their heads in agreement with him no matter how stupid the things he said actually were. That must have actually convinced him he was a great liar. Not so.

And he can't take away any subsidy to GM-the tax credit for the Electric vehicle is a credit to the consumer-and you have to make enough to be able to take a credit of 7,500-that doesn't really hurt GM.

The only thing he can do to hurt them is raise the fed gas tax-to slow down the SUV and big truck sales-and there is no way that will happen