Mexico’s auto production and exports drop sharply, battered by Ford

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11/06/19 – Reuters

By Julia Love and Sharay Angulo

Mexico’s auto production and exports fell sharply in October compared with the same month last year as production from U.S. automaker Ford Motor Co ground to a halt, according to data from the national statistics agency INEGI.

Auto production declined 16.35%, while exports dropped 19.52%, the data showed.

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Ford Cancels Mexico Plant, Will Create 700 U.S. Jobs in ‘Vote of Confidence’ in Trump

1/3/2017 CNN Money

2000px-Ford_Motor_Company_Logo.svgFord (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment president-elect Donald Trump is creating. However, he stressed Ford did not do any sort of special deal with Trump.

“We didn’t cut a deal with Trump. We did it for our business,” Fields told CNN’s Poppy Harlow in an exclusive interview Tuesday.

The $700 million investment will go to the Flat Rock, Michigan plant to produce more electric and self-driving cars. Ford believes electric vehicles will outsell gasoline-powered vehicles within the next 15 years.

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Ford Is Still Moving Small Car Production to Mexico Despite Trump’s Tariff Threats

11/15/16 Fortune

download (5).jpg“There will be no job impact whatsoever with this move,” CEO Mark Fields says. Ford Motor is moving ahead with plans to shift production of small cars to Mexico from Michigan, while “two very important products” will be built in its U.S. factories, Chief Executive Officer Mark Fields told Reuters on Tuesday.

President-elect Donald Trump has criticized Ford for the decision to shift production of Focus small cars toMexico in 2018, and said he would consider levying tariffs on Mexican-made Fords. Trump has also said he wants to scrap the North American Free Trade agreement, which also includes Canada, and to build a wall on the U.S.-Mexico border to stop undocumented immigrants.

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It’s small cars, not auto jobs, making the big U.S. move to Mexico

10/19/16 CNBC

2000px-Ford_Motor_Company_Logo.svgBefore Donald Trump takes to the debate stage Wednesday night for one last chance to prove U.S. trade policy is letting Mexico steal Michigan and Ohio’s auto jobs, he might want to do some research on manufacturing trends in the global auto industry.

Mexico’s biggest and fastest-growing carmakers aren’t American brands like Ford and General Motors‘ Chevy. The biggest Mexican carmaker is Nissan, and the newest plants belong to Audi and Kia, with big BMW and Toyota plants in the pipeline.

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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GM invests millions in Mexico while Trump bashes Ford

10/17/2016 The Detroit News

After more than a year of watching Republican presidential candidate Donald Trump bash Ford Motor Co. for moving jobs to Mexico, General Motors Co. has pushed ahead with its own expansion. It just hasn’t said as much as Ford.

GM is advancing on an $800 million investment for its global small-car lineup that includes a factory retooling in San Luis Potosi state. That plant and another facility in Mexico will also build the all-new Chevy Equinox sport-utility vehicle next year, people familiar with the matter said.

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Ford CEO: Donald Trump is wrong about Mexico

09/15/16 CNN Money

Mark_Fields_2014_001.jpgFord CEO Mark Fields says GOP presidential nominee Donald Trump is completely wrong when he says that Ford plans to move its U.S. operations to Mexico, or even shift future investment outside the country.

“It’s really unfortunate when politics get in the way of the facts,” he said Thursday in an exclusive interview with CNN’s Poppy Harlow.

Asked if Ford would cut any U.S. jobs as part of its plans to build a new plant in Mexico, he responded; “Absolutely not. Zero. Not one job will be lost. Most of our investment is here in the US. And that’s the way it will continue to be.”

Mexico looks to bolster its image in U.S.: government

4/7/16 Reuters

hand shakeMexico aims to deploy a “comprehensive strategy” to promote its image in the United States more vigorously, the government said on Thursday, days after fresh criticism of the country by Republican presidential hopeful Donald Trump.

Trump, who has attacked Mexico over trade, illegal immigration and crime, on Tuesday threatened to block remittances from undocumented Mexican migrants if elected, and also slammed the announcement of a new Ford plant in Mexico.

Opposition lawmakers and diplomats have accused the Mexican government of failing to counter such rhetoric, and on Tuesday Mexico said it was replacing its U.S. ambassador and the deputy foreign minister responsible for North American relations.

Carlos Sada’s nomination as ambassador and the appointment of Paulo Carreno as deputy minister are part of a “comprehensive strategy” to ensure Mexico’s contribution across the border is better understood, a senior foreign ministry official said.

“This is just the most visible element of a strategy that will involve not just the foreign ministry, but also other ministries,” Ana Paola Barbosa, the chief of staff to Foreign Minister Claudia Ruiz Massieu, told a news conference.

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Ford picks Mexico to build new plant that will add 2,800 jobs

4/5/16 USA Today 

2000px-Ford_Motor_Company_Logo.svgFord Motor (F) said Tuesday it will invest $1.6 billion to build a new plant in San Luis Potosí, Mexico to build small cars, making it the latest automaker to expand its presence there.

Ford’s investment in Mexico will create more than 2,800 jobs by 2020, delivering a blow to the UAW, which pushed for higher wages in its contract talks with the automaker last year. The announcement also comes amid a presidential election where the the leading Republican candidate, Donald Trump, has publicly pressured Ford to drop its plans to expand in Mexico.

Ford said today it remains committed to investing in the U.S. and adding jobs in America even as it expands its presence in Mexico.

“We have to make decisions on a global scale because we compete globally,” Joe Hinrichs, Ford’s vice president and president of the America’s told the Free Press. “But lets be clear: We are a proud American company and the majority of our investment happens here in the U.S.”

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Despite what Donald Trump tweeted, Ford is still building a massive plant in Mexico

10/26/2015 The Washington Post

2000px-Ford_Motor_Company_Logo.svgRepublican frontrunner Donald Trump announced a major victory in a series of tweets on Sunday evening, claiming that because of his persistent criticism on the campaign trail, Ford Motor Company had halted plans to construct a $2.5 billion factory in Mexico and would instead set up shop in Ohio. Trump took credit for the decision and bragged that his rivals would not have been able to do the same.

But there’s just one problem with Trump’s self-congratulatory victory lap — it’s based on inaccurate information, likely sourced to an article posted on a Web site of a print shop that sells business cards, door hangers and postcards.

Ford is still building a massive facility in Mexico, a company spokeswoman confirmed on Sunday evening. Nothing has changed about those plans.

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