U.S. automakers can’t compete in the global economy by manufacturing cars in America, former Mexican President Vicente Fox claimed in a CNBC interview on Friday.
“You produce cars in the United States at such a high price and such a mediocre, mediocre quality that you cannot compete, you cannot compete manufacturing in the United States,” Fox asserted in a contentious interview after the Twitter war erupted between President Donald Trump and Mexican President Enrique Pena Nieto.
“That’s why Ford, Chrysler, General Motors went broke,” Fox said.
“By joining up the production in Mexico, the United States, and Canada, they are back to business for Chrysler and General Motors,” Fox claimed in the “Squawk Box” appearance.
Without Mexico, ‘you will lose 80% of the market.’ – READ MORE
Former Mexican President, Vincente Fox, to America: You Make Shit Cars, You Can’t Compete, You Need Mexico (Video)
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