Quote:
Originally Posted by exitspeed
Yes some plants have closed, but many new plants have been announced and have been opened. Volvo, Mazda/Toyota ($1.6b), Foxconn, Fiat/Chrysler, and others. Would I expect NO plants to close under ANY administration? No. That’s an unrealistic expectation. Every plant has its own story which is independent of politics and fully dependent on market demand. The shift to CUVs started WELL before Trump even thought of running for president. As a matter of fact it IS a directly related to the boom in US oil manufacturing (fracking) which boomed under Obama by 77 percent. Which has been fantastic for this country. With cheap oil comes bigger vehicles and a shift in buying habits. I could go on and on about automotive trends (see the thread in OT) but I can assure you they are completely independent of any president.
https://www.industryweek.com/leaders...uilding-frenzy
https://www.marketwatch.com/story/fi...oit-2018-12-06 |
This is a response I can 100% appreciate. Kudos for not blindly falling in line with the idea that the president's finger is on the button in terms of control on how the industry ebs and flows (especially considering the consumer marker).
I just wish trump wouldn't campaign as such.
In terms of the oil comment, I was reading this morning with the shift to more fuel efficient vehicles, a fair amount of refineries and such (in the US) have been idled due to the global fall in oil demands, which is tend tied to the global price of oil remaining low over the last 5-10 years.