Build back worse: GM to invest $1 billion in Mexico

[Counselor706]

Less than one day after President Biden proclaimed American workers would build the electric vehicles necessary to bring us into the zero admissions future, General Motors said it plans to invest more than $1 billion in Mexico to produce electric vehicles.

The automaker said Thursday it would make a $1 billion investment in its Ramos Arizpe production facility. The plant will begin producing at least one electric vehicle beginning in 2023, the company said.

Source

 

[Champakian]

Will Joe Biden finally get serious abut building a wall to keep the cheap labor in country?




Okay, he did finally get serious about building a wall,
around his beachfront home...

https://www.foxnews.com/media/biden-taxpayer-funded-wall-delaware-beach-house-hannity

The Left has a real mean, even ironic, sense of humor.

 

[Champakian]

Yeah, now everything is going to change from gasoline to electricity. After all, we`re killing the environment so much that the transition to such power for cars is simply vital.

Is this "magic" electricity?
Does it come out of the fresh, clean air?

If Detroit starts producing electric cars that people actually want...



... then the demand for electricity will shoot up dramatically,
like Alec Baldwin on a movie set.

 

[bellisarius]

Yepper's, moving the pollution one step upstream is the answer to ALL our problems.

I can see the day coming when everyone drives their electi-cars to and from work. And when they get home in the evening they turn down (or up) the thermostat and plug in their car to recharge. And then the entire grid, nationwide, goes down.

I have to wonder if those assholes have ever thought beyond their next bowel movement?

 

[Champakian]

Well, the next step is Soylent-Green cars where you have to furiously peddle
to produce the electricity to drive the car.

Flintstones, meet the Flintstones...

 

[StrangeLife]

The big question is, "who" is gonna work in those car factories in Mexico?

If the current trend continues the entire Mexican population will be in the US before long.

 

[Champakian]

Study tax law.
That might help you understand it.

 

[boldon]

I agree with the commenter above. There is no way electric cars can improve our environment because the plants will still run on electricity generated by coal. Unfortunately, we will not find a substitute for this method soon. But against the background of the fact that the topic of ecology is very popular, it is possible to make good money. Stocks of companies that produce environmentally friendly things are very profitable to buy. For example, the stocks of Tesla at forex trade can give a very good profit. The main thing is to analyze the decline on which it is necessary to buy shares.

 

[Champakian]

Well, clearly that is preferable to nuclear powered plants.

 

[hulmule]

Well, clearly that is preferable to nuclear powered plants.

and so we have nuke waste sitting around ... They just dont want to spend money on anything and recycle waste products. Cuts into profit margins.

 

[ll74]

Good for them

 

[Champakian]

Nuke waste is not the mountain, it is the molehill...

 

[Zeb_Carter]

It's been a struggle... yet Biden has done it for us... America and Americans last!

 

[GamletUdjin]

There is a misunderstanding and some kind of mess happened, huh. On the one hand, Joe Biden, who wants the entire workforce to stay inside the country, and on the other hand, GM, who knows a lot about cheap labor and therefore invest in their factories in Mexico. This is a good move and when we were trained to invest in thefinitygroup.com I immediately remembered that most businesses are built on cheap labor, in which you need to invest less and earn more if you want your business to be profitable. GM understands this and that's why they did it. In their place, I would have done exactly the same, perhaps I would have invested even more money if I had a sufficient amount for the business in Mexico to develop it faster and make it make it high-quality.

 

[MarcvsAvrelivs]

They have to go there to build their cars at a price that Americans can afford in a post-COVID world (with more lockdowns to come). Under Bidenomics, the labor force has to go home to find affordable living and make "a living wage." The automakers are just migrating with their workforce. Meanwhile, the politicians are talking with the unions to come up with solutions. So far, finish the wall, like East Germany did, is trending higher as a method of labor retention.

 

[EmptyTank]

has gm invested more or less than the us

 

[Chobham]

Get used to it. Mexico is going to be our new China.

 

[ll74]

Remember in the 80s when Japan was going to ruin America? Good ole eighties really know how to lay it on thick

 

[phrodeau]

I remember when Trump threatened tariffs on Ford if they moved a plant to Mexico, and they did it anyway.

https://www.npr.org/sections/thetwo...r-keeping-ford-lincoln-production-in-kentucky

 

[LukSkyFokker]

Get used to it. Mexico is going to be our new China.

Weird pist. How many US auto manufacturers have invested in China to build US autos? When was the last time you drove to China?

 

[YDB95]

I have to wonder if those assholes have ever thought beyond their next bowel movement?

As opposed to just continuing to use gas-powered cars indefinitely when, sooner or later, we're certain to run out of the stuff?

 

[colddiesel]

The US can either export capital or import labour. Any regulatory restrictions will ultimately be temporary band-aids. Advanced economies have to make good stuff not just cheap stuff. The Japanese and Germans have shown that such vehicles can be made with a high wage base.

The big difference is that in the USA, Accountants run the Auto industry whereas in Germany and Japan it's engineers.

 

[ll74]

The US can either export capital or import labour. Any regulatory restrictions will ultimately be temporary band-aids. Advanced economies have to make good stuff not just cheap stuff. The Japanese and Germans have shown that such vehicles can be made with a high wage base.

The big difference is that in the USA, Accountants run the Auto industry whereas in Germany and Japan it's engineers.

That last part is a very good point

 

[FGB]

Another new way to smuggle drugs!