Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after it had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans.
The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Michigan plant.
Ford Chief Executive Mark Fields on Tuesday said the decision to cancel the new plant in Mexico was in part related to the need to "fully utilize capacity at existing facilities" amid declining sales of small and medium sized cars such as the Focus and Fusion.
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10 comments:
NO it had to do with Ford having to pay 30 to 35% more in import fees if they left America...
Trump 2017
Obama gets bitch slapped again!!! More for his legacy!!!! LOL
1:07
And again you can thank Trump for that.
Happy New Year Mr. Trump!
This is why Trump was elected . If Hilda beast had won, Ford would have donated 10 million to the Clinton Foundation AND BEEN GRANT WAIVERS ON IMPORT TAXES.
Unions don't save jobs Trump does.
Trump can't be bought or sold by the corporations or special interests. No favors, no kickbacks! Finally a president who stands for the people and not corporate or special interests! He's not in office yet, and already things are starting to look better! I will still boycott them, GM (Government Motors) and Chrysler for the bailouts and then taking american jobs to Foreign countries. At least Honda and Toyota, as well as BMW make there cars in plants in NC an SC. Quality is also better!
Has Ford also agreed to cancel their new plant in India.Or has Ford ever paid back the american taxpayer the 6 billion loan they borrowed from the Dept Of Energy, they borrowed this money from the Obama Admin. early in his first term.As of 01/01/2017 has not paid back a dime!
5:02
Those were loan guarantees not loans.
Good Work Trump > and you are Not even in office yet !!!
Imagine what will happen when you are !!! All the companys
will be coming back, and be glad to !!!!
Imagine if Hillary had won > More companys would be Leaving
here to go there !!!! Good Thing she LOST !!!!!
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