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Thread: Trump Tariffs ~ Ford announces massive layoffs after losing $1 Billion

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    Trump Tariffs ~ Ford announces massive layoffs after losing $1 Billion

    *Breaking*


    Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs


    http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/

    https://www.google.com/search?hl=en&...iz.TYoCIVzI6fA

    Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization.


    Now, the company is announcing layoffs.

    Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods.


    According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly.



    'How and Why ?' ~ Einstein

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    Trade has been resolved with Canada, Mexico, and South Korea. Deals are close to resolving trade issues with Europe. China is the hard nut to crack.
    ΜOΛΩΝ ΛΑΒΕ


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    More misleading BS. If a company made 2 billion in PROFIT last year and only makes 1 billion in PROFIT this year doesn't mean the company lost money. They still made a PROFIT.

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    Quote Originally Posted by Don29palms View Post
    More misleading BS. If a company made 2 billion in PROFIT last year and only makes 1 billion in PROFIT this year doesn't mean the company lost money. They still made a PROFIT.
    Ford CEO Says Trump Metals Tariffs Took $1 Billion of Profit

    https://www.bloomberg.com/news/artic...ion-in-profits
    'How and Why ?' ~ Einstein

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    Quote Originally Posted by exotix View Post
    Ford CEO Says Trump Metals Tariffs Took $1 Billion of Profit



    https://www.bloomberg.com/news/artic...ion-in-profits
    You can't lose something you never had to begin with.

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    Quote Originally Posted by Don29palms View Post
    You can't lose something you never had to begin with.
    Anybody who doesn't buy American is a traitor and deserves to go bankrupt and everybody loses their jobs.
    'How and Why ?' ~ Einstein

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    Quote Originally Posted by exotix View Post
    Anybody who doesn't buy American is a traitor and deserves to go bankrupt and everybody loses their jobs.
    So everything you own is American made?

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    Quote Originally Posted by Don29palms View Post
    More misleading BS. If a company made 2 billion in PROFIT last year and only makes 1 billion in PROFIT this year doesn't mean the company lost money. They still made a PROFIT.
    They are making much better vehicles now- my 2009 Ford is just fine and I have no intention of replacing it anytime soon.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by Don29palms View Post
    So everything you own is American made?
    Just about everything ... well except my car ... a Dog'je ... well sort of ... I'm sure most of it was made in Mexico and Canada with Chineeee metals ...
    'How and Why ?' ~ Einstein

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    Quote Originally Posted by exotix View Post
    Just about everything ... well except my car ... a Dog'je ... well sort of ... I'm sure most of it was made in Mexico and Canada with Chineeee metals ...
    So by your own definition you admit to being a traitor? I'm sure that there are quite a few more things you purchase that aren't American made including things as simple as produce.
    The point being it is impossible anymore to buy 100% American made anything. That doesn't make anyone a traitor.
    Last edited by Don29palms; 10-10-2018 at 12:08 PM.

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