jpd80 Posted November 24, 2017 Author Share Posted November 24, 2017 (edited) The Department of Energy loans were paid off back in 2015. 12 months ago, Ford still owed $3,5 billion on the DOE loan and has until 2022. to fully repay it DOE lending was set up by Bush in 2007 and is a separate pool to monies used under TARP https://www.forbes.com/sites/joannmuller/2016/09/21/trump-should-be-asking-will-ford-pay-off-its-government-loan-before-moving-small-cars-to-mexico/#6de648815e37 Edited November 24, 2017 by jpd80 1 Quote Link to comment Share on other sites More sharing options...
Harley Lover Posted November 24, 2017 Share Posted November 24, 2017 Most of the cost advantage of building in Japan is in currency exchange rate savings. What Toyoda was saying is basically he thinks the wages and benefits are too high in KY and he can build the same car in Japan and enjoy the weak yen. x2 Until Japan plays fair on currency manipulation, the comparison is moot. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted November 25, 2017 Author Share Posted November 25, 2017 x2 Until Japan plays fair on currency manipulation, the comparison is moot. Currency rates have actually swung against Toyota's financial results lately but that's only part of Japan Inc's long term strategy, pressuring locals into deeper cuts in conditions of pay give them the u;timate bargaining chip. Quote Link to comment Share on other sites More sharing options...
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