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Trump scores a victory as Ford aborts planned Mexico plant

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Ford scraps plan for $1.6 billion plant in Mexico after Trump criticism

Ford scraps plan for $1.6 billion plant in Mexico after Trump criticism

Ford Motor Co. assembly workers listen during a news conference as Ford president and CEO Mark Fields makes a major announcement at the Flat Rock Assembly Plant in Flat Rock, Michigan, U.S. January 3, 2017.REUTERS/Rebecca CookThe Ford logo is seen at their plant in Cuatitlan Izcalli, Mexico October 18, 2016.REUTERS/Carlos JassoFord Motor Co. president and CEO Mark Fields makes a major announcement during a news conference at the Flat Rock Assembly Plant in Flat Rock, Michigan, U.S. January 3, 2017.
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Ford cancels Mexico plant. Will create 700 U.S. jobs in ‘vote of confidence’ in Trump

Ford cancels Mexico plant. Will create 700 U.S. jobs in 'vote of confidence' in Trump

Ford is canceling plans to build a new plant in Mexico.It will invest $700 million in Michigan instead, creating 700 new U.S. jobs.Ford (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment being created by Donald Trump.
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Ford scraps plan for $1.6 billion plant in Mexico after Trump criticism

Ford scraps plan for $1.6 billion plant in Mexico after Trump criticism

– By Bernie Woodall and David ShepardsonFLAT ROCK, Mich./WASHINGTON (Reuters) – Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan.The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Flat Rock, Michigan plant and add 700 jobs.Ford Chief Executive Mark Fields said the decision to cancel the new Mexico factory was the result of sagging demand for small cars in North America and not because Trump was elected president.
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Trump scores a victory as Ford aborts planned Mexico plant

Trump scores a victory as Ford aborts planned Mexico plant

– President-elect Donald Trump on Tuesday notched the biggest victory of his campaign to get automakers to keep jobs in the US when Ford cancelled a $US1.6 billion ($2.2 billion) Mexican expansion, saying it would add positions in Michigan instead.The company’s announcement culminated a dizzying morning that started with Trump threatening to punish General Motors for building a version of its fading compact car in Mexico.GM challenged his assertions, but minutes later Ford — a frequent target of Trump’s campaign-trail criticism — struck a different note.
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Ford Cancels Plan for Mexico Factory as Donald Trump Targets GM on Imports

Ford Cancels Plan for Mexico Factory as Donald Trump Targets GM on Imports

Ford Motor Co. is scrapping a plan to build a $1.6 billion small-car factory in Mexico after Donald Trump slammed the investment for more than a year, with company executives attributing the move to slumping demand for compact cars and optimism over the president-elect’s “pro-growth” strategies.The Dearborn, Mich., auto maker said Tuesday it instead will relocate production of its Focus small car from the U.S. to an existing factory in Mexico, and divert $700 million of the now-scuttled investment to a factory in…
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