Ford Cancels Mexican Plant and Expands in Michigan Because of Trump
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How many different models of the Bronco are they going to offer?? The V-16 8-wheel drive model might be what I need for the bigger hay-rides. Are the slide-outs standard with that model??
Bronco III
Bronco III
Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Thanks Obama.
Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
CEO Mark Fields told CNBC on Tuesday that President-elect Donald Trump wasn't the main factor when Ford decided to cancel its plans for a $1.6 billion plant in Mexico.
In an interview on CNBC's "Halftime Report," 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.
"Over the last couple of years we've seen small cars markedly decline. Every year we're looking at our capacity. We're looking at our forecast for demand. It became very clear that we didn't need this plant."
On Tuesday, Ford announced it will instead invest $700 million in its Flat Rock, Michigan, plant and add 700 direct new jobs. The company said it will continue to build its Ford Focus at an existing plant in Hermosillo, Mexico, to improve company profitability.
Trump has previously slammed the company for plans to move all small-car production to Mexico, andclaimed that he helped stop Ford from shifting an entire factory from Kentucky to Mexico. Ford has repeatedly said it has no plans to close any U.S. plants.
Fields said the company informed Trump and Vice President-elect Mike Pence about its decision. He said they were "very happy" about the new investments in the U.S.
Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Thanks Obama.
Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
CEO Mark Fields told CNBC on Tuesday that President-elect Donald Trump wasn't the main factor when Ford decided to cancel its plans for a $1.6 billion plant in Mexico.
In an interview on CNBC's "Halftime Report," 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.
"Over the last couple of years we've seen small cars markedly decline. Every year we're looking at our capacity. We're looking at our forecast for demand. It became very clear that we didn't need this plant."
On Tuesday, Ford announced it will instead invest $700 million in its Flat Rock, Michigan, plant and add 700 direct new jobs. The company said it will continue to build its Ford Focus at an existing plant in Hermosillo, Mexico, to improve company profitability.
Trump has previously slammed the company for plans to move all small-car production to Mexico, andclaimed that he helped stop Ford from shifting an entire factory from Kentucky to Mexico. Ford has repeatedly said it has no plans to close any U.S. plants.
Fields said the company informed Trump and Vice President-elect Mike Pence about its decision. He said they were "very happy" about the new investments in the U.S.
Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
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Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
But it was a factor. Also the backlash from consumers that have had enough of job losses. Probably also has a lot to do with the overall low quality of their product.
But it was a factor. Also the backlash from consumers that have had enough of job losses. Probably also has a lot to do with the overall low quality of their product.
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Read: It was not a factor.
Read: It was not a factor.
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
In other words, it was absolutely the reason for it, but if we say so, all the Trump haters will give us a hard time, so we'll pretend there was another reason for it.
In other words, it was absolutely the reason for it, but if we say so, all the Trump haters will give us a hard time, so we'll pretend there was another reason for it.
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Had Clinton got in and followed BO's tax policy, Ford et al would have been building new plants in Mexico.
This decision has everything to do with Trump committed to easing the tax burden on corps
Had Clinton got in and followed BO's tax policy, Ford et al would have been building new plants in Mexico.
This decision has everything to do with Trump committed to easing the tax burden on corps
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Agreed... Cut taxes to 1 flat rate, simplify the tax code and eliminate all regulations
Agreed... Cut taxes to 1 flat rate, simplify the tax code and eliminate all regulations
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Eliminate all regulations?
So, when you buy a gallon of gas, it won't have to actually be a gallon? Or even gas?
When you buy food, it doesn't have to be safe to eat? A bottle of aspirin won't have to contain aspirin?
Eliminate all regulations?
So, when you buy a gallon of gas, it won't have to actually be a gallon? Or even gas?
When you buy food, it doesn't have to be safe to eat? A bottle of aspirin won't have to contain aspirin?
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Yeah... That's exactly it
Yeah... That's exactly it
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
That'll make America great again
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Conbot Leader: Yes boss. Okay, I'll send them the message now.
Okay, so I know we've been working the free market excuse and small government angle since WW2 and the Cold War....
Conbot Leader: Yes boss. Okay, I'll send them the message now.
Okay, so I know we've been working the free market excuse and small government angle since WW2 and the Cold War....
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Well, you want no regulations, so that's what you'd have.
Well, you want no regulations, so that's what you'd have.
I'm digging the Saltiness !
Ford scraps plan for $1.6 billion plant in Mexico after Trump criticism | Reuters
Bow Down!
Ford scraps plan for $1.6 billion plant in Mexico after Trump criticism | Reuters
Bow Down!
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Trump will thump his mighty chest and claim to be the reason the sky is blue too. The man's a simple-minded braggart addicted to attention
Trump will thump his mighty chest and claim to be the reason the sky is blue too. The man's a simple-minded braggart addicted to attention
Re: Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump
Don't be obtuse.
Don't be obtuse.
