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Author: Subject: Two new Ford plants set to open this year

World Class Peach





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  posted on 2/17/2017 at 12:40 PM
http://mexiconewsdaily.com/news/two-new-ford-plants-set-to-open-this-year/

Mexico News Daily | Thursday, February 16, 2017
“The truth is we never left.” Those were the words of Ford Motor Company’s Mexico president Gabriel López yesterday when he advised that two new plants are set to begin operating in Mexico this year.

The auto maker, which last month canceled plans to build a new assembly plant in San Luis Potosí, has also seen an increase in sales despite a social media campaign to boycott the firm.

López said new plants in Irapuato, Guanajuato, and Hermosillo, Sonora, will add 170,000 square meters of production area to the company’s presence in Mexico.

The Irapuato factory will produce vehicles for export to the United States and elsewhere while that in Hermosillo will build diesel engines.

López emphasized that Ford is not going away and never said it would.

He reiterated the company’s earlier message that the San Luis Potosí factory, a US $1.6-billion investment, was killed as a result of changes in consumer preferences in the U.S., who are buying larger vehicles such as pickup trucks and SUVs. The new factory was to have built smaller cars, such as the Focus.

“The decision . . . was the correct one for shareholders, and not a response to political concerns,” López said, in reference to U.S. President Donald Trump’s stand on keeping automotive production at home.

 

____________________
Flies all green 'n buzzin' in his dungeon of despair
Who are all those people that he's locked away up there
Are they crazy?,
Are they sainted?
Are they zeros someone painted?,
It has never been explained since at first it was created

 
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Maximum Peach



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  posted on 2/17/2017 at 01:01 PM
Nobody ever said they left, as in left all their production in Mexico. Not sure why somebody needs to say "the truth is we never left". It is true they abandoned plans on the San Luis Potosi plant, which was already under construction.

"not a response to political concerns" ?

Let's go back to Ford CEO's comments at the time of the announcement:

quote:
"Our view is that we see a more positive U.S. manufacturing business environment under President-elect Trump and the pro-growth policies and proposals that he's talking about, so this is a vote of confidence for President-elect Trump and some of the policies that they may be pursuing," Fields said.
http://www.reuters.com/article/us-usa-trump-autos-idUSKBN14N1T0




That is fine though. Every auto company building in Mexico can just get hit with a border adjustment tax if they really think it is in their interest to keep building autos with Mexican labor instead of US labor. How will shareholders like that?

 

World Class Peach



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Posts: 5468
(5467 all sites)
Registered: 9/9/2011
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  posted on 2/17/2017 at 01:12 PM
I only posted it because i wasn't sure people knew.

 

____________________
Flies all green 'n buzzin' in his dungeon of despair

Who are all those people that he's locked away up there

Are they crazy?,

Are they sainted?

Are they zeros someone painted?,

It has never been explained since at first it was created

 
 


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