BREAKING Report: GM Closing All Operations in Oshawa Canada….

The Last Refuge | 11/25/2018 | sundance
FirefangFirefang (Posted by) Level 4
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https://twitter.com/bcbluecon/status/1066861021707460608





https://twitter.com/manny_ottawa/status/1066833714640957440


https://twitter.com/manny_ottawa/status/1066865382898552837




CANADA – Numerous sources have told CTV Toronto that General Motors is planning to close all operations in Oshawa, Ont., affecting thousands of high-paying jobs.

GM holds considerable risk exposure within the current state of international trade and economics as it relates to the auto industry. As a result of the ongoing U.S-China trade confrontation, GM holds risk as a result of heavy investment in China. Add to that exposure the very significant financial impacts about to start for heavy manufacturing operations inside countries aligned with the Paris Climate Treaty, and the risk increases.

Auto-manufacturers - Costs - Manufacturer - US - Market

Specifically for auto-manufacturers the regulatory costs are unique. If a manufacturer is depended on the U.S. market as a destination for their products, and the company has existing manufacturing within the U.S, the cost differential means they will likely have to absorb any climate change (regulatory/tax) cost in addition to the looming Trump tariffs.

The best financial play is to drop some of the risk and focus on execution of a business model within the market that is of primary value; that’s the USA. I would surmise those cost analytics are part of the dynamic at work.

Week - Report - White - House - EU

Additionally, last week there was a quiet report of the White House inviting the major EU (mostly German) auto companies for a meeting. [SEE HERE] The German auto companies cannot negotiate trade terms on behalf of the EU; however, their unrecoverable investments in Mexico are surely leverage Trump will use to push their influence over Angela Merkel.

(Reuters) […] The White House has extended an invitation to German carmakers through the U.S. Embassy in Berlin for a meeting with Economic Adviser Larry Kudlow and Secretary of Commerce Wilbur Ross, said one of the sources.

US - Ambassador - Germany - Richard - Grenell

It was not immediately clear if the U.S. ambassador to Germany, Richard Grenell, or President Donald Trump would take part.

In Germany,...
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