Originally Posted by P.C.

I wonder if the Trump-increased U.S. tariffs on foreign steel played a role in the decision to shut down U.S. plants...

Originally Posted by barry12345

The big three may be toast. It will take some time.

I suspected GM was bailed out because of so many retired pensioners where getting 60k a year. There was no way the government could pick that loading up directly without setting a dangerous president. GM after the bailout is probably still loaded down with this.

Otherwise the rational of that time was their production numbers would just be absorbed by other manufacturers. Anyways today should have been expected. The quality of their car products where just not good enough by todays standards. Plus just as expensive as those that were. Compounded by reduced retained values. Made them far more expensive.

They were producing lease cars basically. In a market where ultimately their expected lifespan without major issues fit. Buyers with longer term higher milage in mind deserted them. They had just made another major misteak.

The big three also made the error of staying with the concept hype alone would continue to function and sell cars forever. It used to be said at one time. As General motors goes so does America. I do not know the truth of this today. Still it remains as it is.

From the wealthiest corporation known at one time to what it has become. Another too big to fail enterprise? Or a weathervane indicating the future. The central core of the industrial Midwest picture in America continues to be just getting more and more hollowed out.

Few local used car lots locally do not even want them in their inventory. Trucks yes and suvs if they get the suvs cheap enough. Plus a few vans. Resale values have also plummeted with so many lease returns. Those that purchased on 84 month terms. Start the process all over again. Not by choice in many cases. Just cheaper than trying to keep what they acquired on the road.

Originally Posted by P.C.

I wonder if the Trump-increased U.S. tariffs on foreign steel played a role in the decision to shut down U.S. plants...

Originally Posted by sloride

For sure some steel mills were reopened due to it, Il and OH locations come to mind.

Originally Posted by P.C.

With manufacturing plant closures, how long will they remain open? Think of all the suppliers who will lose a customer, and therefore the incentive to buy steel.

Originally Posted by Dubyagee

Its a market shift. Kind of like when Obama banned oil drilling in the gulf. The market shifted.

Originally Posted by P.C.

It’s a manufacturing base shift, kind of like when Carrier fled to Mexico...on Trump’s watch...

Originally Posted by sloride

Look up Tyler Refrigeration in Niles MI. Bought out buy Carrier. They closed Tyler moved it to Mehico with out even a mention from BHO. So now President Trump attempts to change a MO of a corporate thief and he is the bad guy.

I hope, hopie changie is working for you.

Get your check in the mail with your free cell phone?