Tariffs were supposed to make America the obvious place to invest. Instead, GM is putting more than $1 billion into Ontario while Canadian exporters and European buyers build alternatives to the US.
What is the state of affairs concerning Stellantis pulling out of Ontario? How are the negotiations going on them returning the cash we gave them to expand?
Wow Fred just read your 2 latest and both put me in a very good mood ( well- your research and writing always does). Will stop reading for the night so it ends on a high note.
The question that companies might be asking is .... "come home" to what, exactly?
And how did the US manage to get to that point?
The slide was gradual ...
Electing a fibbing felon as one's president -- not once but _TWICE_ -- is what happens when "tax cuts!" has been the focus for decades, ever since Proposition-13 and since trickle-down Reaganomics.
The result is that there are now _entire _generations of voting citizens in the US who can't tell fact from fiction -- voting citizens who cannot detect BS -- because their under-funded public school systems were whittled down to just warehousing children, all thanks to fewer taxes.
It might be best not to expect huge turnarounds in the near future:
upcoming elections will still include those very same unfortunate misled (duped?) voters.
Another spot-on article Fred! It's a good thing that during the financial crisis of 2008, Prime Minister Stephen Harper decided to bail out GM to prevent the collapse of the auto sector. That investment has paid off handsomely. The debt for equity swap also resulted in a good profit when Canada sold its equity in GM.
I fail to understand why so many Republican politicians and voters think that tariffs are a good idea. Trump has presented them with lie after lie, and they assume that manufacturers can close up shop here in Canada, and open up the next day in the US. They've also been duped into thinking that it's the foreign governments who pay the tariffs. Economics 101 was a course that Trump obviously slept through.
The auto sector is highly integrated among the US, Canada, and Mexico. Because GM needs stability when making decisions, and realizing that Trump won't be around forever (we hope!) GM is playing the "long game", actually the same process that Mark Carney is deploying.
Brilliant post, and true!
I concur and thank you Fred!
What is the state of affairs concerning Stellantis pulling out of Ontario? How are the negotiations going on them returning the cash we gave them to expand?
Most US manufacturing is done offshore! Bunch of 🤡who made China wealthy and now crying about it !
Good wake up call
This is really happy for us just now. what I d like to know is who is the market for these trucks? Domestic? International including USA? Other?
If you lived in Alberta you would understand. Trucks, trucks, trucks everywhere.
GM is no fool. Felon will be gone long before gas fueled vehicles are gone.
I love the gut punch! What a great column!
What exactly is happening with Toyota and Honda?
Wow Fred just read your 2 latest and both put me in a very good mood ( well- your research and writing always does). Will stop reading for the night so it ends on a high note.
The question that companies might be asking is .... "come home" to what, exactly?
And how did the US manage to get to that point?
The slide was gradual ...
Electing a fibbing felon as one's president -- not once but _TWICE_ -- is what happens when "tax cuts!" has been the focus for decades, ever since Proposition-13 and since trickle-down Reaganomics.
The result is that there are now _entire _generations of voting citizens in the US who can't tell fact from fiction -- voting citizens who cannot detect BS -- because their under-funded public school systems were whittled down to just warehousing children, all thanks to fewer taxes.
It might be best not to expect huge turnarounds in the near future:
upcoming elections will still include those very same unfortunate misled (duped?) voters.
Another spot-on article Fred! It's a good thing that during the financial crisis of 2008, Prime Minister Stephen Harper decided to bail out GM to prevent the collapse of the auto sector. That investment has paid off handsomely. The debt for equity swap also resulted in a good profit when Canada sold its equity in GM.
I fail to understand why so many Republican politicians and voters think that tariffs are a good idea. Trump has presented them with lie after lie, and they assume that manufacturers can close up shop here in Canada, and open up the next day in the US. They've also been duped into thinking that it's the foreign governments who pay the tariffs. Economics 101 was a course that Trump obviously slept through.
The auto sector is highly integrated among the US, Canada, and Mexico. Because GM needs stability when making decisions, and realizing that Trump won't be around forever (we hope!) GM is playing the "long game", actually the same process that Mark Carney is deploying.
Great, bring them on.