Ford Cancels Plans for New Small Car Plant in Mexico Berkeley Lovelace Jr. - CNBC
go to original January 3, 2017

Update: Mexico 'Regrets' Ford Decision to Scrap New Plant (Agence France-Presse)

Ford Motor, which had been bashed by Donald Trump for shipping jobs outside the U.S., announced Tuesday that it will cancel production of a $1.6 billion plant in Mexico, and will instead invest $700 million in Flat Rock, Michigan.

The U.S. auto giant said it will add 700 direct new jobs in Flat Rock to produce high-tech electrified and autonomous vehicles, plus the Ford Mustang and Lincoln Continental.

Ford had originally planned to build its Ford Focus in San Luis Potosi, Mexico. The company said it will continue to build its Focus at an existing plant in Hermosillo, Mexico, to improve company profitability.

Read the rest at CNBC

Related: Mexico Says Does Not Expect Ford Move to Spark Similar Decisions (Reuters)

Related: Trump Is Mad About 'Made in Mexico' Cars — But This Is Bigger (CNBC)

Related: Mexico's Peso Weakens After Ford Says Cancelling Mexican Plant (Reuters)

Related: Trump Wrongly Threatens to Tax GM for 'Mexican-Made' Chevy Cruze (They're Mostly Built in Ohio) (Detroit Metro Times)

Related: Toyota, Honda Await Trump Policy Before Considering Mexico Plans (Reuters)

Related: Nissan's Ghosn Says He'll Monitor Trump Policies (NHK)

Related: Ford CEO: Main Reason for Canceling Mexico Plant Was Market Demand, Not Trump (CNBC)

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