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Ford CEO Mark Fields Explains Decision to Scrap Mexico Plant

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Ford CEO Mark Fields Explains Decision to Scrap Mexico Plant

Ford CEO Mark Fields Explains Decision to Scrap Mexico Plant

– The shadow of president-elect Donald Trump seemed to loom over Ford‘s decision to scrap plans for a $1.6 billion factory in Mexico and instead invest $700 million in a Michigan assembly plant to build autonomous and electric vehicles.Why else would Ford make such a sudden about-face?Surely, Trump, who singled out Ford numerous times during his campaign as a symbol of outsourcing and the decline of manufacturing, was the catalyst—the influencer who steered Ford into a new direction.
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Marine Le Pen cheers Ford move out of Mexico as win for protectionism

Marine Le Pen cheers Ford move out of Mexico as win for protectionism

– French far-right presidential candidate Marine Le Pen has cheered Ford’s decision to shift investment from Mexico to the US, describing the move as a victory for the protectionist policies she champions.Trump‘s tweets keep US manufacturers on their toes Read moreIn a New Year’s address to journalists, Le Pen said Ford’s decision is proof that “protectionism works, when it is led by determination, and when a country can exercise its economic independence”.The Front National (FN) party leader, a top candidate in France’s presidential election next spring, has already suggested that Trump’s victory, along with the Brexit vote, could have a favourable impact on her own campaign.
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The real reason Ford abandoned its plant in Mexico has little to do with Trump

The real reason Ford abandoned its plant in Mexico has little to do with Trump

Ford chief executive Mark Fields said Tuesday the automaker was ditching its plans to open a factory in Mexico and instead expanding a Michigan plant, creating 700 more local jobs.The next wave of workers in Flat Rock will build mostly self-driving and electric cars, including a hybrid Mustang.Unlike manufacturing roles of decades past, though, the jobs will probably require computer literacy and more than a high school degree.
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