10% hike on MSRP across all Ford models?

[CKN]

Contraptions like that have to pass the moose test. Has it?

Yes-and some models cannot meet the U.S. safety standards based on how they are designed. Many of these things in other countries are death traps. You just can't slap 5mph bumpers and air bags and call it a day.

 

[SC Maintenance]

Don’t think so

I see lots of full size around here. The fleet is definitely getting older.

Guys I work with that would get a new one every few years are going on 10.

Lots of money in Houston so long as the oil business stays good.

 

[4WD]

Remarkable that such a major story breaks with the second hand word from one dealership GM and then on good old bobistheoilguy.

Stop for a second... think about it.

The internet sure is full of speculation. The majority of it is pure poppycock...

Yep, like 10 out of 3 economists …

 

[SC Maintenance]

I think it can be restarted, but I'd go top down and not bottom up. Start with finished products, to bring assembly back and maintain cheap resources. Then move to semi finished products and lastly (also because those are the most polluting and destroying) go after raw materials and energy.

None of this will finish over 4 years. Maybe Musk will run for office next term to continue todays efforts.

US has vast over capacity in auto assembly. Lots of other things also. So the "finished goods" side is quite easy, were mostly there. Even operational plants are running at half capacity in a lot of places.

I agree with the rest of your statement. All the value is added at the end. No need to turn bauxite to ingots, so long as a country supplying them is reliable. I would say from the current iteration our suppliers are questionable at minimum. So if we go that route JIT is not an option. Ingots last forever, so there should be incentive to carry them - ie you can write the cost off now, use it later, or whatever. This is what China does.

 

[SC Maintenance]

Yep, like 10 out of 3 economists …

The full saying is Economists have predicted 10 of the last 3 recessions, and Wall Street analysts have predicted 0 of the last 3 recessions.

 

[Urshurak776]

Plenty of underutilized and abandoned metal producing plants in the U.S., along with robust amounts of raw materials.

Japan and South Korea have done exceptionally well rebuilding their manufacturing capabilities and exports after both countries industries were decimated after wars.

Numerous studies point to tariffs as the center of gravity to promote the highly successful rebuilding of manufacturing in post war Japan and South Korea.

Furthermore, in the history of the world, not a single nation has economical survived that imported more than it exported over the long haul.

This might be about survival for the U.S.

Yup. This. There is NO Tariff war. Not whats happening. Flow of illegal drugs, etc. into the US is the reason for the Tariffs. Mexico and Canada need to do more. We also need to bring more of this material here within the USA, just like you said.

How much in Tariffs are we paying Canada? According to a Reuters article from a week ago, about 15% of 27 BILLION in imports a year......(now it's 25%.)

A lot of people here need to change the channel once in a while.....

 

[4WD]

Plenty of underutilized and abandoned metal producing plants in the U.S., along with robust amounts of raw materials.

Japan and South Korea have done exceptionally well rebuilding their manufacturing capabilities and exports after both countries industries were decimated after wars.

Numerous studies point to tariffs as the center of gravity to promote the highly successful rebuilding of manufacturing in post war Japan and South Korea.

Furthermore, in the history of the world, not a single nation has economical survived that imported more than it exported over the long haul.

This might be about survival for the U.S.

SK are world class ship builders and they do it with lots of LNG coming from Qatar …

 

[Jetronic]

US has vast over capacity in auto assembly. Lots of other things also. So the "finished goods" side is quite easy, were mostly there. Even operational plants are running at half capacity in a lot of places.

I agree with the rest of your statement. All the value is added at the end. No need to turn bauxite to ingots, so long as a country supplying them is reliable. I would say from the current iteration our suppliers are questionable at minimum. So if we go that route JIT is not an option. Ingots last forever, so there should be incentive to carry them - ie you can write the cost off now, use it later, or whatever. This is what China does.

I was thinking more electronics and white goods

 

[JeffKeryk]

The full saying is Economists have predicted 10 of the last 3 recessions, and Wall Street analysts have predicted 0 of the last 3 recessions.

Similar to BITOGers. Everyone's right; it's just a timing error...

 

[dnewton3]

I've had to delete several posts and ban a few folks.
Stop the political talk or the thread gets locked.

 

[4WD]

Plenty of underutilized and abandoned metal producing plants in the U.S., along with robust amounts of raw materials.

Japan and South Korea have done exceptionally well rebuilding their manufacturing capabilities and exports after both countries industries were decimated after wars.

Numerous studies point to tariffs as the center of gravity to promote the highly successful rebuilding of manufacturing in post war Japan and South Korea.

Furthermore, in the history of the world, not a single nation has economical survived that imported more than it exported over the long haul.

This might be about survival for the U.S.

Yeah, have a coffee with a historian before a day trader.

 

[Greenbeforeblue]

How much of this is tariffs and how much of it is companies using tariffs as an excuse?

That right there ^^^^^^

I'm surprised they didn't double down with price increases because the tariffs had COVID.

 

[tcp71]

Yup. This. There is NO Tariff war. Not whats happening. Flow of illegal drugs, etc. into the US is the reason for the Tariffs. Mexico and Canada need to do more. We also need to bring more of this material here within the USA, just like you said.

How much in Tariffs are we paying Canada? According to a Reuters article from a week ago, about 15% of 27 BILLION in imports a year......(now it's 25%.)

A lot of people here need to change the channel once in a while.....

It has nothing to do with Phentanyl.

 

[97prizm]

Typical "American" auto CEO. Wants John Q public to pay $60K for a pickup truck, but they farm production of parts out to the lowest possible global bidder.

Henry Ford paid the then unheard of $5 a day, and invented the 40 hour work week, because he wanted his workers to be able to afford the product they were making, and have time to enjoy it. The fact that the likes of Farley is allowed to lead such an iconic brand tells you how far they have fallen.

The $5 per day wage had some major caveats from recent info. He required guys to be married between certain ages. Henry Ford didn't pay $5 just to be nice. He had some of the highest turnover rates in the industry.
Henry fords $5 a day isnt what you think

 

[Jimmy_Russells]

It has nothing to do with Phentanyl.

View attachment 267880

Now let's see how many illegal guns flow from the US into Canada.

 

[SC Maintenance]

The $5 per day wage had some major caveats from recent info. He required guys to be married between certain ages. Henry Ford didn't pay $5 just to be nice. He had some of the highest turnover rates in the industry.
Henry fords $5 a day isnt what you think

I responded to this already. They left primarily because the assembly line had them doing the same thing over and over. They didn't want to do that, so they left. Can't say I blame them. So yes he offered more than double the going rate at the time for people to stay and do a repetitive task. If your companies competitor offered you double what you make now, to go do some repetitive task at their place, would you?

And yes, by today's standards Henry Ford had some odd ideas. Like he would send HR to your home to make sure you were living right. That is very odd by today's standard, but remember by 100 years ago standards there were no standards, no employment laws. 12 hours / 6 days a week and company stores were common. You can't make comparisons to today. Also, no one was forced to work for Henry Ford - it was a free market then too.

The point was, rather than blame the workers and look for somewhere cheaper, he simply paid what they wanted to make. They got what they wanted, he got what he wanted. They were all free to leave if they didn't want HR to come to their house, and I am sure some did.

 

[97prizm]

I've also read that on occasion Henry Ford would be known to show up to employee homes and expect dinner. I can't fathom that happening today.

 

[JeffKeryk]

The $5 per day wage had some major caveats from recent info. He required guys to be married between certain ages. Henry Ford didn't pay $5 just to be nice. He had some of the highest turnover rates in the industry.
Henry fords $5 a day isnt what you think

Yep.
I am pretty sure my company, and boss, never gave me a raise because they thought I was cute.
And as soon as I wasn't needed, out the door I went! "Don't let the door hit ya..."

Basically, companies pay the going rate. The labor market has always been this way, at least in for-profit companies.
If Henry could have paid $2 per hour with satisfactory results, he would have.

Supply vs Demand. In this case, the employees are providing the supply and employers are providing the demand.
As a given wage increases, supply will follow. More people want that job.

And nobody wants unhappy workers as productivity suffers. And every employer knows unwanted turnover hurts.

 

[SC Maintenance]

Yep.
I am pretty sure my company, and boss, never gave me a raise because they thought I was cute.
And as soon as I wasn't needed, out the door I went! "Don't let the door hit ya..."

Basically, companies pay the going rate. The labor market has always been this way, at least in for-profit companies.
If Henry could have paid $2 per hour with satisfactory results, he would have.

Supply vs Demand. In this case, the employees are providing the supply and employers are providing the demand.
As a given wage increases, supply will follow. More people want that job.

And nobody wants unhappy workers as productivity suffers. And every employer knows unwanted turnover hurts.

If my boss doubles my pay he can move in full time if he likes.

 

[Pablo]

If my boss doubles my pay he can move in full time if he likes.

I would say something about your reputation, but basing it on what you posted just wouldn't be right.