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USA: Ford Motors cancels $1.6bn Mexico plant

Trump effect :clap1:

http://ichef-1.bbci.co.uk/news/660/c...8_ctld35md.jpg http://www.securitylab.ru/upload/ibl...5e5440779b.jpg

Ford has said it will cancel a $1.6bn (£1.3bn) plant it planned to build in Mexico and instead extend operations at its factory in Michigan.

The US car giant will spend $700m on expanding the plant at Flat Rock.

Ford said it needed to re-organise to use existing facilities more efficiently amid falling sales of its smaller cars.

The President-elect has criticised both Ford and its rival General Motors over production of models in Mexico.

Earlier, Donald Trump tweeted his disapproval of GM's production of the Chevy Cruze in Mexico.

http://www.bbc.co.uk/news/business-38497898

That decision had already been taken it was nothing to do with trump

https://ourfuture.org/20161117/a-tim...jobs-to-mexico

ford making America great again:clap1:

Quote:

Originally Posted by Kizzy (Post 9123556)

That decision had already been taken it was nothing to do with trump

https://ourfuture.org/20161117/a-tim...jobs-to-mexico

That's an old article referring to something different. Even that article there says:

Quote:

There’s one problem with those statements. Ford Motor Company never was planning to shutter a Kentucky plant and send those jobs to Mexico.

Ford’s plan all along has been to shift small-car production from Michigan to Mexico, but without eliminating any American jobs in the process.

Well that's not happening anymore - they're not moving production from Michigan and are in fact extending it instead

Ford's Chief Executive itself has said that Trump's impending presidency did play a part in that decision even if it wasn't the main reason:

Quote:

Ford's chief executive, Mark Fields, told the BBC that the main decision to cancel the plant in Mexico was because of a "dramatic decline for the demand for small cars here in North America," allowing the company to cope with its existing plant.

But he said another factor in the decision was the "more favourable US business environment that we see under President-elect Trump and some of the pro-growth policies that he's been talking about".

"That did play a part and it's a vote of confidence that he can deliver on these things," Mr Fields added.

Sounds like a businessman trying to save some face. Good decision for Michigan though, they've been in dire straits for quite some time.

They have moved production of the Ford Focus to Mexico, the article is correct.

Quote:

Originally Posted by LeatherTrumpet (Post 9123583)

ford making America great again:clap1:

Yes LT
it's the start of many

Great news

Quote:

Originally Posted by Shaun (Post 9123769)

Sounds like a businessman trying to save some face. Good decision for Michigan though, they've been in dire straits for quite some time.

Of Course Shaun
it makes sense

"That's an old article referring to something different"

Thank you MTVN
I wish Kizzy would watch the BBC1 News
or Free Radio
it was the Ford CEO
who went Live on Worldwide Media
and business news, yesterday

Quote:

Originally Posted by arista (Post 9125461)

It isn't, it refers to the same thing, nothing has changed.

Quote:

Originally Posted by Kizzy (Post 9125518)

It isn't, it refers to the same thing, nothing has changed.

that article, from July Last Year

can you cut and paste the bit where someone senior at Ford UK said that they would leave the UK?

Quote:

Originally Posted by LeatherTrumpet (Post 9125591)

that article, from July Last Year

can you cut and paste the bit where someone senior at Ford UK said that they would leave the UK?

It is yes but nothing is any different is it? only small car production has moved as was intended.

You can read the whole thing, to save you any confusion.

I don't see why this is a problem, an American company keeping jobs in America. I remember reading about the "I'm Backing Britain" campaign in the 60s... what a pity people aren't backing it now.

Quote:

Originally Posted by Kizzy (Post 9125518)

It isn't, it refers to the same thing, nothing has changed.

Wrong Kizzy
yesterday it was the Whole Deal Cancelled

Look KIZZY
http://e3.365dm.com/17/01/536x302/d8...20170103215052
todays FT

Fact

From the BBC article in the OP the ford focus will be moved to Mexico.

awesome news....the power of that trump tweet is a mindboggling $1.6 billion