Ford Cancels a $1.6 Billion Mexico Plant and Adds 700 Jobs in Michigan
Ford Motor Co (F, +0.96%) on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a “big border tax” over compact cars made in Mexico.
Ford CEO Mark Fields called the move “a vote of confidence” in Trump, but primarily a response to a decline in North American demand for small cars like those that would have been made at the Mexican plant. He said Ford would have made the same decision even if Trump had not been elected.
Ford will cancel plans unveiled in April to spend $1.6 billion to build the new plant in San Luis Potosi, Mexico, a project Trump urged the automaker to abandon and called an “absolute disgrace” during the election campaign.
http://ecomputerzone.com/ford-cancels-a-1-6-billion-mexico-plant-and-adds-700-jobs-in-michigan/Comment
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Comment by Nazda Pokmov on January 9, 2019 at 12:29pm
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It's about time Ford got rid of the MExican built cars and came back to USA. The quality of the Mexican workers is sadly lacking in consistency. Ford wanted to save money and only ended up shooting themselves in the foot by moving a plant to Mexico. Why not just move the car factories over to China....that makes about as much sense....which is no sense.
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