Ford Motors has now announced it intends to move all its small car manufacturing lines out of Detroit and the U.S. and into its Mexico-based plants.
In a September 14 statement, Ford CEO Mark Fields insisted that in the “next two to three years, we will have migrated all of our small car production to Mexico and out of the United States.”
Fields added that Ford is investing an additional $4.5 billion to develop electric vehicles by 2020, most of which will be spent in its Mexico facilities. The company also said all emerging small car models will be made south of the border. – READ MORE
