Ford flouts Trump: automaker still plans to move small car production to Mexico
Ford CEO Mark Fields also warned that Trump's proposed 35 per cent tariff would affect the entire industry, and autoworkers' profit-sharing checks, since many companies sell Mexican and Canadian-made vehicles or parts
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-per cent tariff on goods shipped from Mexico.
In an interview with CNBC , 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.