Is this is really the beginning of the end of vehicle manufacturing in the country?
Unfortunately Ford has been struggling for some time. Where did all my subsidies go? What did ford spend them on?
An unfortunate circumstance for all concerned. I hope the company spends time with their workers and can assist them in finding new roles in the workplace.
Those subsidies mostly went into capital works upgrading plants. However you still have to build and sell the thing.
You only need to look where most cars are now being made compared with a decade ago. Brazil, Mexico, Thailand, China, India, Spain, Czech Republic building US/Japanese/Korean cars.
Fact is manufacturing is now a very low % contributor to GDP - a steady decline over four decades.