03-01-2017, 17:23
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#1346
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Cable Forum Team
Join Date: Jun 2003
Posts: 15,118
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Re: US Election 2016
BREAKING: Ford Cancels $1.6bn Mexico Plant due to Pressure from President-Elect Donald Trump:-
http://news.sky.com/story/ford-cance...trump-10717038
Quote:
Originally Posted by Sky News
The carmaker says its decision - following criticism of the company by Mr Trump -is a vote of confidence in the president-elect.
Ford is cancelling plans for a $1.6bn (£1.3bn) plant in Mexico as car manufacturers come under pressure from Donald Trump over US jobs.
The announcement came hours after the president-elect threatened Ford's rival General Motors with a "big border tax" its manufacture of cars outside the US.
Ford said it was creating 700 new jobs as it expands a new assembly plant in Flat Rock, Michigan, that will build high-tech self-driving and electric vehicles.
It said the investment was being paid for from money it had previously earmarked to build a new plant in San Luis Potosi, Mexico.
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