Ford CEO Says Production Plans on Track Despite Election
Ford Motor Co. CEO Mark Fields says the presidential election won’t change the company’s plans to move small car production to Mexico.
President-elect Donald Trump has repeatedly criticized Ford for moving production to Mexico. Trump wants to renegotiate the North American Free Trade Agreement and has called for a 35-percent tariff on goods shipped from Mexico.
In an interview with CNBC Tuesday, Fields said Ford is proceeding with its plan to move Focus car production from Michigan to a new plant in Mexico by 2018. He stressed that no jobs will be lost, since the Michigan plant will make two other vehicles.
Fields also warned that a tariff would affect the entire industry – and autoworkers’ profit-sharing checks – since many companies sell Mexican- and Canadian-made vehicles or parts.
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