Ford CEO has warned that the “Maxed Out” brand will have to make huge cuts in weeks due to definitions.
Since he reached power, Donald Trump has announced plans to impose many new definitions on the goods coming to the country.
3
3
3
This would make the import of cars and auto parts more expensive for auto companies – and perhaps increasing customer rates.
Plans plan to press car makers to increase their ability in the United States to reduce border flights.
While interrogating this topic on the Bloomberg TV program, the CEO of Ford Jim Farley admitted that his company was “scrambling” amid plans.
When asked if the company has a backup energy inside the country, he said: “No.
“We are the largest American producer. Not many people realize that Ford exports a lot of cars outside the United States.
“We don't have much excessive capacity.”
In the long run for definitions, he added: “We can handle a few weeks of definitions.
“If it exceeds, it will be clear that it will be billions and billions of winds opposite to the company's additional profit.”
However, the company has one great advantage over competitors.
He explained: “Eighty percent of our cars sold in the United States are made here.
“All our transport operations, most of our engines. So we have a really great feature compared to our competitors.”
Among the proposed definitions is a 10 percent tariff on China and 25 percent of the tariffs on Mexico and Canada, which was just paid for four weeks.
Jim said that Ford was rushing to take advantage of the delay by re -renovating shares throughout the United States and Mexican Plants.
But he was afraid that this type of control over the short -term damage would not end the industry for a long time.
He added: “This type of definition, especially in these two countries, is very important, and if they continue after months, we can billions and billions of dollars to pressure the industry, lost jobs, and a lot of influencing societies in our environmental system, in the industry.”
He also indicated that the definitions are on Mexico and Canada It indicates a great advantage for Japanese and South Korean car makers, saying: “They will import millions and millions of vehicles without these definitions.”
Jim then criticized the Trump administration for its failure to adhere to its pledges about the auto industry.
He said, “They ran in a campaign to make the auto industry stronger. This is what we expect.”
Despite the anxiety news Jim said that for car drivers, the prices of cars are declining to customers throughout the industry after the rise of Kovid.
Thanks to the rise of EVS for the low prices, as well as the normalization of stocks for customers and traders.
