Ford CEO: Don’t Expect Us to Backpedal on Mexico Plans
There’s something about billions of dollars in investment and carefully planned long-term product strategies that make it hard for an automaker to turn on a dime in the face of a threat.
Ford Motor Company CEO Mark Fields says his company has no plans to reverse course on its goal of boosting production of cars and components in Mexico, even after President-elect Trump’s promise of a 35-percent tariff on vehicles crossing the Rio Grande.
It’s a game of chicken Ford intents to win.
Speaking after an address at the Los Angeles Auto Show last night, Fields said it’s full steam ahead on the automaker’s Mexico plans. Saying he feels that such a tariff would negatively impact the U.S. economy, Fields implied that Trump’s election promise won’t amount to much. – READ MORE