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Title: Ford cancels plan for $1.6 billion plant in Mexico after Trump criticism
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URL Source: https://www.yahoo.com/news/ford-can ... -billion-160903623.html?ref=gs
Published: Jan 3, 2017
Author: Bernie Woodall and David Shepardson
Post Date: 2017-01-03 13:58:35 by A K A Stone
Keywords: None
Views: 1107
Comments: 11
FLAT ROCK, Mich./WASHINGTON (Reuters) - Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan. The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Flat Rock, Michigan plant. Ford Chief Executive Mark Fields said the decision to cancel the new Mexico factory was in part related to the need to "fully utilize capacity at existing facilities" amid declining sales of small and medium sized cars such as the Focus and Fusion. Fields also endorsed "pro growth" tax and regulatory policies advocated by Trump and the Republican-led Congress. "This is a vote of confidence for President-Elect Trump and some of the policies he may be pursuing," Fields said. Trump repeatedly said during the election campaign that if elected he would not allow Ford to open the new plant in Mexico, which he called an "absolute disgrace" and would slap hefty tariffs taxes on imported Ford vehicles. Ford executive chairman Bill Ford Jr. told reporters he spoke with Trump to notify him of the decision. A Ford spokesman said the decision was influenced by Trump's policy goals such as lowering taxes and regulations but there were no negotiations between Ford and the Republican over the decision to cancel the Mexico plant or invest in Michigan. Also on Tuesday, Trump threatened to impose a "big border tax" on General Motors Co (GM.N) for making some of its Chevrolet Cruze cars in Mexico. The New York businessman, who has vowed to bring back American jobs that have been outsourced overseas and be tough on illegal immigration from Mexico, takes office on Jan. 20. Fields said Ford will build a battery electric SUV with a 300-mile driving range at the Michigan plant by 2020 -- taking on companies like Tesla Motors Inc (TSLA.O), Volkswagen AG (VOWG_p.DE) and GM -- and will launch production there by 2021 of a fully autonomous vehicle without a steering wheel or a brake pedal for use in ride services fleets. Ford also plans new hybrid versions of its F-150 pickup truck, Mustang and police vehicles by 2020 as the auto industry faces rising fuel efficiency mandates. Ford will add 700 jobs at the Flat Rock plant, Fields said, to cheers from union workers gathered at the factory for the announcement. TRUMP PREDICTION Ford in April announced it would invest $1.6 billion in the new plant in San Luis Potosi, Mexico to build small cars. The company said it will shift production from Michigan of its Focus to an existing plant in Hermosillo, Mexico. When Trump announced his campaign in June, 2015, he said Ford would cancel its planned Mexico investments. "They’ll say,‘Mr. President we’ve decided to move the plant back to the United States — we’re not going to build it in Mexico.’ That’s it. They have no choice," Trump said. Trump tweeted a link on Tuesday to a story about the decision. Ford shares rose 3.3 percent to $12.54, up $0.41 a share, while the Mexican peso fell on Tuesday to touch its weakest level in seven weeks. Ford said it will add two new unnamed products at its Michigan Assembly Plant in Wayne, Michigan, where the Focus is manufactured today.
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#1. To: Hondopehead, Dexter, Willie Weiner (#0)
#winning
Ooh, goody! Let's build electric cars that no one but tree-hugging liberals want to buy! Good call Donald! Ford also plans new hybrid versions of its F-150 pickup truck, Mustang... Hybrid F-150's and Mustangs? Geeze Louise! ...and police vehicles by 2020. Well, at least it will be easier to outrun the cops driving those lame faggoty electric cars now. "It's got a cop motor, a 440-cubic-inch plant. It's got cop tires, cop suspension, cop shocks. It's a model made before catalytic converters so it'll run good on regular gas." Well, this should answer the criticism of, "Trump can't keep businesses from leaving".
I would love to have a hybrid truck. Well if the truck was reasonably priced. $45K plus is crazy money for a truck. I send probably $1000 a month in fuel per vehicle.
Not too useful if there isn't any power. To use an acclamation I see so often used by Deckard:
Not too useful if there isn't any power. Must you continually piss on everyone’s campfire, Ebenezer …
Trains use electric motors to run the drive system with diesel engines to charge electric system. It can be done but will it be cost effective?
Indeed they do - I'm sure Trump has a plan though to make them cost effective. Just ask any of his supporters here - he's like Superman, he can do anything! Just ask any of his supporters here - he's like Superman, he can do anything! He might just seem like a superman after all the crappy leaders we have had to deal with! LOL Its going to happen someday. When technology meets reality then it will happen. All things in time. Unlike progressives who demand results without understanding reality. When Trump gets actual results it freaks out his haters. Unlike Obummer Trump does not have the media behind him to protect him from failure. Either he will succeed or not. I know media will be trying to make him fail at helping America be great, again!
If Trump builds the wall, he'll be called a racist xenophobe and should be impeached. If he doesn't, they'll say he broke his promise, he can't be trusted, and he should be impeached. This will happen with every issue brought up in the campaign -- trade, taxes, Obamacare, refugees, etc.
When Trump announced his campaign in June, 2015, he said Ford would cancel its planned Mexico investments. "They’ll say,‘Mr. President we’ve decided to move the plant back to the United States — we’re not going to build it in Mexico.’ That’s it. They have no choice," Trump said.
#2. To: A K A Stone (#1)
The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Flat Rock, Michigan plant.
“Truth is treason in the empire of lies.” - Ron Paul
Those who most loudly denounce Fake News are typically those most aggressively disseminating it.
#3. To: A K A Stone (#0)
#4. To: Deckard (#2)
#5. To: Justified (#4)
I would love to have a hybrid truck.
“Truth is treason in the empire of lies.” - Ron Paul
Those who most loudly denounce Fake News are typically those most aggressively disseminating it.
#6. To: misterwhite, A K A Stone (#3)
(Edited)
Ford cancels plan for $1.6 billion plant in Mexico after Trump criticism
Attaboy, Trump!
Well, the “attaboy” part anyway …
#7. To: Deckard, Justified (#5)
I would love to have a hybrid truck.
#8. To: Gatlin, Deckard (#7)
#9. To: Justified (#8)
Trains use electric motors to run the drive system with diesel engines to charge electric system. It can be done but will it be cost effective?
“Truth is treason in the empire of lies.” - Ron Paul
Those who most loudly denounce Fake News are typically those most aggressively disseminating it.
#10. To: Deckard (#9)
Indeed they do - I'm sure Trump has a plan though to make them cost effective.
#11. To: Justified (#10)
"When Trump gets actual results it freaks out his haters."
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