Wednesday, January 04, 2017

FORD WOULD HAVE STOPPED MEXICO PLANT EITHER WAY AND IS STILL MOVING PRODUCTION OF FOCUS TO MEXICO

Not such a coup for Trump. Ford says it would have not built the new factory in Mexico anyway, and is still moving Focus production to Mexico.

Funny how even the MSM are not reporting this, instead presenting this as a coup for Trump, when it clearly isn't.

Ford Motor Co (F.N) on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co (GM.N) with the threat of a "big border tax" over compact cars made in Mexico.

Ford CEO Mark Fields called the move "a vote of confidence" in Trump, but primarily a response to a decline in North American demand for small cars like those that would have been made at the Mexican plant. He said Ford would have made the same decision even if Trump had not been elected.

...Ford said it still will shift production from Michigan of its Focus compact car to an existing plant in Hermosillo, Mexico. Fields said he expects Michigan to give incentives for Ford's investment in Flat Rock.

Ford spokeswoman Jennifer Flake said the automaker will save $500 million by not opening the new plant in the near term, but will have some undisclosed costs to retool the other Mexican plant to build the Focus.

[source : Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs, Reuters, http://www.reuters.com/article/us-usa-trump-autos-idUSKBN14N1T0, 3rd January 2017]

But here's Trump claiming credit again when he shouldn't.

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