DETROIT, MI – Investors were told today by Ford Motor Company’s CEO that all small car production is heading to Mexico.
It has now been widely reported that Mark Fields, Ford CEO, told a group of investors Wednesday that in order to cut costs in a slowing auto sales recovery, his company will migrate production of smaller cars to Mexico.
In the near-term, Fields said “We will have migrated all of our small-car production to Mexico and out of the United States.”
The move may take a few years to complete.
Earlier this year, Ford tipped its hand that this move was coming, when it announced a $1.6 billion investment in Mexico – to ramp up small car production there. CBS News reported in April that “starting in 2018, production of smaller Fords will move from the Wayne, Michigan plant to San Luis Potosi state in Mexico.”
When that announcement was made, CEO Fields said “We are a global, multinational company and we will invest to keep us competitive and we will do what makes sense for the business.”
Reaction has been swift this morning, as the company is now enduring a backlash on its social media pages. One person said “NO MORE FORDS in this family. You move your production to Mexico….. you will be DONE!!! Sad, sad day!”
Another person wrote “Mexico? Hope you go out of Business.”
Ford Motor Company will move its small car production to Mexico? I hope they build them strong enough to climb over Trump’s wall!!!!
On one hand it could be a good thing, maybe it will keep thousands of illegals from coming here, but doubtful. On the other hand, more unemployment for this country, more downward trend in our economy, NAFTA is surely a good thing, especially for the CEO’s and the 1%. Corporate geed at it’s best.
I drive a Ford Escape, but will never buy another one if they go through with this.
do you think any of it has to do with the record Corporate taxes they are forced to pay?
There are not nearly record corporate taxes, but Ford has had record profits this past year.
Not to worry, Ford will prevail. If this means they can sell their small cars at a lower price, people will buy them. It’s why people go to Walmart, folks. Sad.
The problem is that people think those Mexican produced vehicles will be sold for less and they are not! Mexican built Chevys are sold for the same money as if they were built in Michigan. The only difference is that the money saved by producing vehicles in Mexico goes in the pockets of the company executives! There is NO savings for the consumer!
You’re probably right. It’s just a sad situation for this country.
Trump 2016