Ford will shift production of small cars to Mexico from Michigan despite Trump threat
Source: International Business Times
Company CEO Mark Fields assured that the move will not lead to any job losses in the US.
By Kedar Grandhi
November 16, 2016 05:21 GMT
Ford Motor Company is going ahead with its earlier plans to move some of its automobile production from Michigan to Mexico. Mark Fields, CEO at the US automaker confirmed the same on Tuesday (15 November) on the sidelines of the Los Angeles Auto Show.
He said that the company would shift production of its small cars brand, 'Focus' to Mexico in 2018. He added that this would not lead to any job losses in the US and would instead make room for developing two new products in its Michigan plant.
"We're going forward with our plan to move production of the Ford Focus to Mexico, and importantly that's to make room for two very important products we'll be putting back into Michigan plants...There will be no job impact whatsoever with this move," Fields was quoted as saying by Reuters.
US President Donald Trump had earlier criticised this decision of Ford. In one of his campaigns in the run up to the elections, he had said that he would consider levying tariffs on Ford cars made in Mexico. Trump had then also said that he wants to do away with the North American Free Trade agreement (NAFTA), a deal signed by Canada, Mexico, and the US to create a trilateral trade bloc in North America.
Read more: http://www.ibtimes.co.uk/ford-will-shift-production-small-cars-mexico-michigan-despite-trump-threat-1591767
bhikkhu
(10,715 posts)I believe the thing with the economy cars is the same as with many products we import rather that produce; they make very little money on them, and it doesn't pay to build them in a premium factory with premium labor. The option is to charge more, but then it doesn't compete as an economy car.
And I don't begrudge Mexico a little prosperity.
Aristus
(66,316 posts)I see voting for Trump is really paying dividends!...
riversedge
(70,187 posts)Grey Lemercier
(1,429 posts)Yavin4
(35,437 posts)Wounded Bear
(58,647 posts)Yavin4
(35,437 posts)KittyWampus
(55,894 posts)workinclasszero
(28,270 posts)Orange Hitler: Ill be the greatest president for jobs that God ever created
He didn't mention that the jobs would be in other countries!
lark
(23,091 posts)It doesn't make money for him, his kids, or Russia and what others concerns does he have? Everything else he said that doesn't promote the first 3 is just another of his millions of lies. How can people be so fucking stupid? I just don't understand.
area51
(11,906 posts)Over time as Trump breaks more & more of his promises to "the little people," I believe we'll see some "buyer's remorse."