Volvo may cancel 4,000 worker job expansion in Trump-friendly South Carolina after being rocked with tariffs

[phands]

The Cheetoh Colored Cunt still hasn't got even the the most basic grasp of how trade works...

Foreign-based car manufacturers who have invested billions of dollars in new car plants in South Carolina and other southern states that were solidly in President Donald Trump’s camp are now having second thoughts about hiring due to new tariffs that could make the cars prohibitively expensive if they exported to Europe and China.

According to the Wall Street Journal, BMW, Daimler and China’s Zhejiang Geely Holding’s Volvo Cars have been making massive investments in production facilities with the intent of making more luxury automobiles in the U.S. that would then be sent overseas. However, Trump’s imposition of new tariffs on Chinese goods — causing China to engage in a trade war by imposing their own 40 percent tariff on auto imports — has manufacturers considering scaling back production and, with that, not hiring new assembly line workers.

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The report states that “Volvo Cars also opened a new $1.1 billion plant near Charleston, S.C., last month to produce its S60 midsize sedan for North American markets,” with plans to begin production of a SUV model that they hoped to export to China.Under that scenario the company would go on a hiring binge, boosting current staff from 1,200 to 4000 workers. That plan is currently being questioned.

“Half of the 4,000 jobs will build cars for export,” Chief Executive Hakan Samuelsson said in a recent interview. “That could be jeopardized if something were to restrict trade.”

BMW, which has invested $8 billion in the plant in Spartanburg since 1992, is faced with the same 40 percent tariff on any vehicles shipped into China, which has rivals who manufacture outside of the U.S. excited about increased sales.

“This is a favorable situation for us because the products from manufacturers in the U.S. are becoming less competitive,” Lutz Meschke, the finance chief of German auto maker Porsche.

The shitgibbon's incompetence knows no bounds.

 

[Underseer]

Woo-hoo!

This is a great victory and further proof of Trump's genius!

Volvo just saved a ton of money by not hitting those people.

As we all know, whenever coupons save money, they immediately use the extra money to trickle good jobs all over us! Therefore, by not hitting those Americans, even more American jobs will be created!

America's great again!

Suck it, libtards!
[/Conservolibertarian]

 

[RVonse]

Volvo is not a US manufacturer in the first place. Good rids.

Volvo was only attempting to undercut the German workforce by coming to US which was (until Trump) rapidly becoming the 3rd world cheaper labor country (at least compared to Europe and Canada). Volvo can stay back in Germany where they belong and its shareholders and CEO can make a normal profit. It should not be the goal of US workers or the US to seek the ultimate bottom for wage arbitrage. Until the advent of Reagan, the big 3 really were big and they also paid good union wages. Then with Reagan's blessing came Toyota and all the other foreigners to the low wage southern states to undercut and replace US people who were at the time making a good wage.

It is good to have more employment. But Trump is being careful about what kind of employment that is. People deserve to make a living wage, and they will under Donald Trump.

 

[ZiprHead]

Tariffs cause BMW to move production out of South Carolina

 

[Jayjay]

Volvo is not a US manufacturer in the first place. Good rids.

Volvo was only attempting to undercut the German workforce by coming to US which was (until Trump) rapidly becoming the 3rd world cheaper labor country (at least compared to Europe and Canada). Volvo can stay back in Germany where they belong and its shareholders and CEO can make a normal profit.

Volvo is a Swedish subsidiary of a Chinese company. These jobs will most likely go to China.

 

[RVonse]

Volvo is not a US manufacturer in the first place. Good rids.

Volvo was only attempting to undercut the German workforce by coming to US which was (until Trump) rapidly becoming the 3rd world cheaper labor country (at least compared to Europe and Canada). Volvo can stay back in Germany where they belong and its shareholders and CEO can make a normal profit.

Volvo is a Swedish subsidiary of a Chinese company. These jobs will most likely go to China.

That's even more reason to be saying good rids.

 

[RVonse]

Yes ZiprHead I wanted this. I wanted it so bad I voted for Trump.

And I still want this too. Last I checked the economy is doing just fine right now. Minority unemployment is at record lows.

 

[Jolly_Penguin]

The shitgibbon's incompetence knows no bounds.

Please don't speak that way about gibbons, or shit. What did shit or gibbons ever do to you to deserve that?

 

[laughing dog]

Volvo is not a US manufacturer in the first place. Good rids.

Volvo was only attempting to undercut the German workforce by coming to US which was (until Trump) rapidly becoming the 3rd world cheaper labor country (at least compared to Europe and Canada). Volvo can stay back in Germany where they belong and its shareholders and CEO can make a normal profit.

Volvo is a Swedish subsidiary of a Chinese company. These jobs will most likely go to China.

That's even more reason to be saying good rids.

But those are good manufacturing jobs.

 

[Jimmy Higgins]

Volvo is not a US manufacturer in the first place. Good rids.

Volvo was only attempting to undercut the German workforce by coming to US which was (until Trump) rapidly becoming the 3rd world cheaper labor country (at least compared to Europe and Canada).

Most of Volvo's plants are in Sweden and Canada. 12 open with 4 in Sweden, 3 in Canada, 1 each in Belgium and Netherlands. They have two over in SE Asia/Oceania as well. So 2/3 of their production in 3rd world nations then?

 

[RVonse]

That's even more reason to be saying good rids.

But those are good manufacturing jobs.

I would call them manufacturing jobs. But not good ones. Not nearly as good as GM, Ford, or Chrysler. Not nearly as good as GM, Ford, or Chrysler in Canada either.

Much better jobs than the service jobs at Walmart or McDonalds though.

 

[Juma]

That's even more reason to be saying good rids.

But those are good manufacturing jobs.

I would call them manufacturing jobs. But not good ones. Not nearly as good as GM, Ford, or Chrysler. Not nearly as good as GM, Ford, or Chrysler in Canada either.

Much better jobs than the service jobs at Walmart or McDonalds though.

? I definitely suspect that you have no clue whatsoever...

 

[ZiprHead]

Winnsboro TV plant to lay off 126 employees due to tariffs

 

[phands]

Not nearly as good as GM, Ford, or Chrysler. Not nearly as good as GM, Ford, or Chrysler in Canada either.

You clearly know fuck-all about manufacturing jobs in robotized car factories, then. They all use very similar facilities, and work in much the same ways. What, specifically, makes them "not as good"? Or are you just opening your mouth and removing all doubt?

 

[untermensche]

That's even more reason to be saying good rids.

But those are good manufacturing jobs.

Just worthless people.

Screw em!

Totally their fault.

 

[Elixir]

That's even more reason to be saying good rids.

But those are good manufacturing jobs.

Just worthless people.

Screw em!

Totally their fault.

Really now, you should be more charitable than that. Give them jobs in the newly burgeoning asbestos mining industry.

 

[untermensche]

Just worthless people.

Screw em!

Totally their fault.

Really now, you should be more charitable than that. Give them jobs in the newly burgeoning asbestos mining industry.

More pulmonologists and respiratory therapists.

Good for the economy.

Which does not mean good for people.

 

[ZiprHead]

Just worthless people.

Screw em!

Totally their fault.

Really now, you should be more charitable than that. Give them jobs in the newly burgeoning asbestos mining industry.

We won't be mining asbestos. We'll be buying it from Mother Russia.