Ford Cancels Mexican Plant in Favor of Michingan

Oldfart

Well-Known Member
They announced today and cited Trump and his plans to reduce taxes and encourage domestic production. Not even in office and still making progress.
 

bbsam

Moderator
Staff member
They announced today and cited Trump and his plans to reduce taxes and encourage domestic production. Not even in office and still making progress.
LOL. So...Ford could change their minds at any time? They have basically said they will wait and see so if the bribe/incentive/ransom isn't good enough, if the cheeks of the UAW/middle class tax stiffs aren't spread wide enough, Mexico it is! And you call it progress?
 

MAKAVELI

Well-Known Member
Ford also said they would be investing less than half of what they would have in Mexico. Lol
 

MAKAVELI

Well-Known Member
Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
CEO Mark Fields told CNBC on Tuesday that President-elect Donald Trump wasn't the main factor when Ford (F) decided to cancel its plans for a $1.6 billion plant in Mexico.

In an interview on CNBC's " Halftime Report ," Fields said the decision not move forward with its San Luis Potosi, Mexico, plant was due to market demand.

"The bottom line is we're not seeing the volume and the demand that we expected for that plant. And, therefore, we're looking at our capacity and saying, 'You know what, we can build that in an existing facility and use capacity that we already have,'" he said.
 

StopCrying

Well-Known Member
Ford already employs 8800 workers in Mexico. GM, Toyota, Honda and Volkswagen also make cars in Mexico. While I agree with putting a tax on products coming in from Mexico, be prepared for Mexico to tax items we export to them.
 

olroadbeech

Happy Verified UPSer
Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
CEO Mark Fields told CNBC on Tuesday that President-elect Donald Trump wasn't the main factor when Ford (F) decided to cancel its plans for a $1.6 billion plant in Mexico.
you
In an interview on CNBC's " Halftime Report ," Fields said the decision not move forward with its San Luis Potosi, Mexico, plant was due to market demand.

"The bottom line is we're not seeing the volume and the demand that we expected for that plant. And, therefore, we're looking at our capacity and saying, 'You know what, we can build that in an existing facility and use capacity that we already have,'" he said.
you can't believe anything the media tries to feed us. your guess is as good as anyones. my guess and it is only a guess is that it is the Trump effect.
 

Catatonic

Nine Lives
T

That's not the media feeding us anything. It's Ford's CEO own words.
Interestingly though, a spokesman for Ford said their Board made the decision to stay in the US as a vote of confidence that Trump can ease or remove regulations affecting business.
 
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