Expensive trade warrior, whose shorts really want to win, and burning BMWs. This is morning change October 23, 2018.
1. Gear: Trade Wars are Good and Easy to Win
President Donald Trump started a trade war with China and apparently the rest of the world, and he began war by raising tariffs on steel and aluminum. While the intention was to "bring steel back" or somesuch, the market forces at work are significantly greater than any tariffs that can be thrown into such a globalized product.
The end result? Steel is just a lot more expensive now, says Ford according to Bloomberg:
Ford Motor Co. says that Donald Trump's tariffs have made steel more expensive in the United States than any other market, increasing the company's criticism of the president's trade war. 19659008] "US steel costs are more than anywhere else in the world," said Joe Hinrichs, Ford's president of global operations, at an event marking the start of Ranger pickup production at a factory west of Detroit. He added that Ford talks with the administration of the tariffs: "We tell them that we must have competitive costs in the market to compete around the world."
Bloomberg also states that last month Ford CEO Jim Hackett said trade warriors have already eaten one billion dollars of company profits, and it is with most metals already taken from the United States.
This is what the winner feels.
2. Gear: Ford Ranger will not steal too many F-150 sales, Ford believes
This is mostly not associated with the previous equipment, but while we talk about Ford, let's be here At the moment, to talk about Ford.
Ford does not think that the new 2019 Ford Ranger will eat too much in its goose containing golden egg, the Ford F-150.
It also came from the same person, Joe Hinrichs, said leader of Ford's global operations, speaking in the same event, but this time to another publication. From Automotive News:
Ford Motor Co. Do not think the medium Ranger will steal a lot of business from its profit-generating F-Series trucks when the less pickup returns to North American showrooms early next year.
"There will always be some substitution, but this is more of a lifestyle car for people who want to use it for different purposes," said Joe Hinrichs, President of Global Operations, at an event celebrating Ranger's expected production start here. . "The F-150 has become bigger over time and more expensive. We think there are rooms now to place Ranger very well in the showroom. "
While the new Ranger will not be cheap starts at around $ 26,000, its big sibling, F-150, has become so monumentally large and expensive that Ford does not think they will eat too much to each other .
Ok, so "monumental big and expensive" means it has a base price of around $ 28,000, only $ 2000 more than a Ranger, but Hinrichs are right. They are different lorries for different people. Ford will be good.
3. Gear: Dyson wants to build cars in Singapore (?)
Dyson, the company that creates vacuum cleaner and it's overly bad, dries things that just spray water everywhere, also has an electric car program with billions of dollars in case you forgot it. They want to build three electric cars from scratch and they have already made the decisive step to be very British and get an old world war as a test track.  Dyson had not yet said where Go to build cars, if ever. But CEO James Dyson is a prominent Brexiteer, so in line with the patriotic theme, you will expect it to be built by striking coal workers in Yorkshire or something.
The cars will be The Guardian, built in Singapore, said:
The British producer chose Singapore because of its proximity to "emerging markets" in Asia, CEO Jim Rowan said in a note to the staff on tuesday. The plant will be completed in 2020, with the car to be launched in 2021.
The protector continues to say that Dyson already has a plant there, so it gives a certain feeling for the company.
4. Gear: A Private Equity Firm Buys Magnetti Marelli
Magnetti Marelli is a part-supplier owned by Fiat Chrysler Automobiles. Or it was owned by FCA, for now it is owned by private equity firm KKR, through Calsonic, Reuters reports:
Japan's Calsonic Kansei, owned by US private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for
Congratulations to all the rich involved.
All the workers …. eh.
5. Gear: 6.1 billion, to form the seventh largest independent car supplier. BMW Recalls Diesels Due to the risk of Fiery Death
If you own one of these cars, please fix it. Fiery Death is nothing to play with.
Reverse: This can never happen again (it will happen again)
On this day 89 years ago the stock market was completely thought and kicked by the Great Depression. Clearly, we have all learned our lesson since then.
Neutral: What should the cars be made of?
It is clear that steel is out of the question. It is too expensive. I suggest we make them out of wood. Three can be a sustainable resource if harvested properly, and Morgans are good cars. The logic of this argument can not be defeated.