I think companies are hesitant to invest a lot of capital in facilities that are not in favor of the administrative state in D.C. We no longer live in a capitalist society, at least the type we were taught about in school.
The cancellation of the Keystone XL pipeline with the stroke of a pen will make every company in the energy, transportation, fertilizer, and mining industries extremely worried they will fall victim to something similar.
So in summary - Ford will not spend the capital they need to build products people actually want. They will either invest in electric vehicles, spend it to buy back their stock, or pay dividends.
The cancellation of the Keystone XL pipeline with the stroke of a pen will make every company in the energy, transportation, fertilizer, and mining industries extremely worried they will fall victim to something similar.
So in summary - Ford will not spend the capital they need to build products people actually want. They will either invest in electric vehicles, spend it to buy back their stock, or pay dividends.
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