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Wed Dec 5, 2018, 10:35 PM

Volvo to slow hiring at new plant, may move some production to China because of Trump's tariffs

Trump’s ill-advised tariffs have already prompted the U.S. government to bail out farmers, particularly soybean farmers in North Dakota. In recent years, 99 percent of North Dakota's soybeans were sold to China. That market has dried up completely as China has turned to other countries, including a record purchase from the Russians.

Now automakers are sounding the alarm. Ford announced massive layoffs and a company reorganization, in part because of auto tariffs. And Volvo, which opened a brand new plant in South Carolina in June 2018, announced a slowdown in hiring for the plant and may be moving a good deal of production overseas. From USA Today:

Volvo's new South Carolina plant, which opened in June, is gradually ramping up to produce the S60 sedan. In 2021, the plant will begin assembling the Volvo XC90 SUV. Once it's making both models, the plant will ship about half of its vehicles to foreign markets, according to Volvo's original plan.

But if the U.S. dispute with China isn't resolved soon, those plans could be changed, too.

"We ... thought Charleston could build cars for China," Samuelsson said. "That will not work."

Instead, he said, the company is making plans to build the S60 in China for sale to customers there. Volvo is owned by Chinese automaker Geely.


https://www.dailykos.com/stories/2018/12/5/1817210/-Volvo-will-slow-hiring-at-new-plant-will-move-some-production-to-China-because-of-Trump-s-tariffs

Winning baby!

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Reply Volvo to slow hiring at new plant, may move some production to China because of Trump's tariffs (Original post)
Yo_Mama_Been_Loggin Dec 5 OP
SCantiGOP Dec 5 #1
applegrove Dec 5 #2

Response to Yo_Mama_Been_Loggin (Original post)

Wed Dec 5, 2018, 10:38 PM

1. The rednecks were used to "Thanks Obama"

Maybe they can begin to realize it’s “Thanks Trump.”

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Response to Yo_Mama_Been_Loggin (Original post)

Wed Dec 5, 2018, 10:40 PM

2. I think car makers have figured out people are not going to buy cars

anymore but join car sharing clubs or use driverless ubers when they need one. All this talk about electric cars is just a euphemism for the end of the family car. May be why right wing is trying so hard to stop renewables so they can sell every last ounce of oil they can before it becomes worthless and stays in the ground.

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