Yes, Ford Is Building Plants in Mexico. No, It’s Not Cutting U.S. Jobs.

10/18/16 The New York Times

2000px-Ford_Motor_Company_Logo.svgDETROIT — In the summer of 2008, with the Great Recession underway and Detroit’s auto industry in a free fall, Ford Motor took a big gamble: It would switch three of its North American assembly plants from building trucks and sport utility vehicles to making small passenger cars.

With gasoline prices rising above $4 a gallon at the time and truck sales plummeting, Ford was losing billions and — along with General Motors and Chrysler — teetering on the verge of bankruptcy.

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