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Ford Cancels Mexican Plant in Favor of Michingan
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<blockquote data-quote="MAKAVELI" data-source="post: 2561060" data-attributes="member: 43825"><p><a href="https://www.yahoo.com/news/ford-ceo-main-reason-canceling-180700086.html" target="_blank">Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump</a></p><p>CEO <a href="http://www.cnbc.com/mark-fields/?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963" target="_blank"><strong>Mark Fields</strong> </a>told CNBC on Tuesday that President-elect <a href="http://www.cnbc.com/donald-trump/?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963" target="_blank"><strong>Donald Trump</strong> </a>wasn't the main factor when Ford <strong>(friend)</strong> decided to <a href="http://www.cnbc.com/id/104109429?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963" target="_blank">cancel its plans for a $1.6 billion plant in Mexico</a>.</p><p></p><p>In an interview on CNBC's "<a href="http://www.cnbc.com/halftime/?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963" target="_blank"> <strong>Halftime Report</strong> </a>," Fields said the decision not move forward with its San Luis Potosi, Mexico, plant was due to market demand.</p><p></p><p>"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.</p></blockquote><p></p>
[QUOTE="MAKAVELI, post: 2561060, member: 43825"] [URL="https://www.yahoo.com/news/ford-ceo-main-reason-canceling-180700086.html"]Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump[/URL] CEO [URL='http://www.cnbc.com/mark-fields/?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963'][B]Mark Fields[/B] [/URL]told CNBC on Tuesday that President-elect [URL='http://www.cnbc.com/donald-trump/?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963'][B]Donald Trump[/B] [/URL]wasn't the main factor when Ford [B](friend)[/B] decided to [URL='http://www.cnbc.com/id/104109429?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963']cancel its plans for a $1.6 billion plant in Mexico[/URL]. In an interview on CNBC's "[URL='http://www.cnbc.com/halftime/?__source=yahooautos|AutosFeed|&par=yahooautos&doc=104196963'] [B]Halftime Report[/B] [/URL]," 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. [/QUOTE]
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