Now you scratch mine: Ford says it'll keep 700 jobs in Michigan, but wants Trump to deliver....

[DonViejo]

Now you scratch mine: Ford says it’ll keep 700 jobs in Michigan, but wants Donald Trump to deliver on tax cuts and deregulation

Ford credits Trump's proposed "tax and regulatory reforms" with decision to pull out of a new plant in Mexico

ANGELO YOUNG

Ford Motor said it’s cancelling plans to build a $1.6 billion car factory in Mexico and instead will spend $700 million expanding an existing plant in Michigan aimed at build hybrid F-150 pickup trucks and a fully-electric SUV to the market by the end of the decade.

In a webcasted press conference Tuesday morning, Ford CEO Mark Fields didn’t parse words about the reason for the Michigan investment, attributing the decision directly to tax and regulatory proposals tabled by the GOP-led Congress and supported by President-elect Donald Trump.

“We believe these tax and regulatory reforms are necessary to boost U.S. competitiveness,” Fields said during the conference. Trump and his allies in Congress are proposing steep corporate tax cuts and have committed to dismantling regulations they say are unfriendly to U.S. businesses.

Though it’s unclear which regulations Fields says need to be reformed to help his company, Trump has said as many as 70 percent of federal oversight rules, including ones pertaining to air and water pollution, utilities and regulatory agencies themselves will be affected. Because cars are dangerous and involve heavy manufacturing activity, the industry is subjected to considerable governmental safety and environmental regulations, not just in the U.S. but in other advanced economies.

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http://www.salon.com/2017/01/03/now-you-scratch-mine-ford-says-itll-keep-700-jobs-in-michigan-but-wants-donald-trump-to-deliver-on-tax-cuts-and-deregulation/