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Malevolent

Ford CEO Folds? Trump Confirms Carmaker Won't Move Production To Mexico

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 Malevolent    3,432

 

http://www.zerohedge.com/news/2016-11-18/ford-ceo-folds-trump-confirms-carmaker-wont-move-production-mexico

Just hours after Ford CEO complained of the "huge impact" of Donald Trump's proposed trade plans, following the company's plan to move a substantial portion of its passenger-car production to Mexico from a factory in Michigan, Donald Trump tweeted “Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky -- no Mexico," seemingly winning his first 'america-first' victory.

Mr. Fields, speaking with reporters on the sidelines of the Los Angeles Auto Show on Tuesday, said Ford has talked to Mr. Trump’s transition team and believes the company can work with the new administration. During a separate interview, he said, “We all share the same objective; we want a vibrant and healthy U.S. economy.”

 

The two sides, however, appear to be at odds on how to achieve that goal.

 

Ford’s plan to move a substantial portion of its passenger-car production to Mexico from a factory in Michigan was heavily criticized by Mr. Trump on the campaign trail. Like many of its rivals, Ford is building more-profitable light trucks in the U.S. while investing in new capacity in Mexico to produce lower-margin small cars.

And then hours later, Donald Trump tweeted...

 

 

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