Trump tariffs blamed for slowdown, less hiring at new Volvo plant in South Carolina

Volvo's North American CEO warned earlier this month that the tariffs could force the company to rethink plans to ramp up production and hire new workers at the South Carolina plant.

Volvo's global CEO, Håkan Samuelsson, told reporters at the Los Angeles Auto Show on Thursday that Volvo is slowing the pace at which production is being ramped up in Charleston.

The change will also slow down hiring.

MAGA!

https://www.cnbc.com/2018/11/29/trum...-carolina.html

Seeing a twisting road ahead, Ford cuts 7K white-collar jobs

https://finance.yahoo.com/news/ford-...132509449.html

Just more proof that Whell's a total moron. So much winning! :rolleyes:

Justin Amash is his Congressman too. He must be flipping out that a fellow Republican had the nerve to criticize his Dear Leader.

Looks like he pays the highest auto insurance premiums in the country, too, thanks to the Repubes in power. Poor, dumb bastard!

https://finance.yahoo.com/news/billi...145754652.html

The Finance 202: Trump promised an auto renaissance. The industry has hit a skid.

https://www.washingtonpost.com/news/...2e52231e8e828/

Hey Whell, how about responding with some of your idiotic "analysis"? We could all use a good laugh!

Trump's Mexico tariffs would cripple U.S. automakers

https://finance.yahoo.com/news/trump...090832418.html

Hey Whell! Come back and defend your “stable genius“. C’mon, your “expertise” is always good for a laugh. :D

Trump roasted on CNN for broken promise to save Ohio factory: 'It shut down three months later!'
https://www.rawstory.com/amp/trump-2...896-2665734896

Wrong again. Its Haley Stevens.

Hey Chicklet. Surprise, but I'm on record here as not being in favor of tariffs. A little less straw for your strawman today.

That WaPo article is paywalled, which may be just as well. WaPo's inside-the-beltway view of the auto industry usually leaves a lot to be desired.

Auto sales are actually up this year compared to last, but the auto industry was hit pretty hard by the pandemic, with the related manufacturing shutdowns that reduced inventories (and inflated new car prices) and lingering supply-chain issues. Interest rate increases are also making car financing more expensive.

I'm also pretty skeptical of the impact of the Biden-lead push for EV's. Some estimates have EV's breaking 1MM units this year, which is fine. But there are still issues of charging infrastructure and vehicle range that need to be addressed sooner than later before EV's can become more than a niche market.

So what, exactly, did Trump have to do with the headwinds that have faced the auto industry since 2020?