Ford To Shift All Small-Car Production To Mexico; Trump Responds Critically

Earlier this week, Ford Motor Company F CEO Mark Fields announced at an investors conference at the company’s headquarters that all small-car production will move to Mexico over the next two to three years.

This announcement comes just months after Ford revealed that it will build a $1.6 billion plant in Mexico.

Related Link: Deutsche On Ford Motor: Long-Term Strategies Intriguing, But Headings Are Mounting

Although the new plant will create 2,800 jobs in Mexico, Republican presidential nominee Donald Trump cautioned against the shift.

“When we send out jobs out of Michigan, we’re also sending our tax base,” he said.

Trump commented on the situation's juxtaposition as well.

“It used to be cars were made in Flint and you couldn’t drink the water in Mexico. Now the cars are made in Mexico and you can’t drink the water in Flint.”

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Posted In: NewsEmerging MarketsContractsPoliticsTopicsTravelGlobalMarketsGeneralDonald TrumpMark Fields
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