Ford Motor Co Chief Executive Mark Fields said on Wednesday Sept. 14 that all of the company’s small-car production would be leaving U.S. plants and heading to lower-cost Mexico, Reuters reported.
“We will have migrated all of our small-car production to Mexico and out of the United States,” over the next two to three years, Fields told Wall Street analysts at an investors conference hosted by the automaker.
Ford executives have previously described the company’s plans to shift production of smaller vehicles to Mexico. As reported in The Yucatan Times on April 6, 2016, Ford’s plans have drawn fire from its employees union and politicians including Republican presidential candidate Donald Trump.
Other U.S., European and Asian automakers have been gradually boosting production in Mexico in recent years, including construction of major production facilities in several central Mexican states. Mexico has overtaken Brazil as Latin America’s biggest auto producer.
TYT Newsroom
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