Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

“First America-First Victory”: Ford CEO Calls Trump to Cancel Plant Move to Mexico

Friday, November 18, 2016 12:17
% of readers think this story is Fact. Add your two cents.

(Before It's News)

screen-shot-2016-11-18-at-4-51-39-am

This article was written by Tyler Durden and originally published at Zero Hedge.

Editor’s Comment: Though his administration is still taking shape, President-elect Trump may be able to claim his first tangible victory. Though Ford Motors were resistant to Trump’s trade policy positions and threatened to move jobs to Mexico, the CEO has now announced that, instead, production will remain American.

Is Trump pulling televangelist-style miracles – with arrangements ahead of time in the back room – or is he making things happen because he is in a position to make good on his policy promises? Either way, Ford and other big companies will be keeping optics in mind when they decide whether or not to play ball with the wild card Trump administration (at this point, still to be). If this actually becomes the trend, perhaps there is a lot of positive that can be done for the economy, and perhaps good paying jobs can return for struggling working class Americans. Only time will tell, but he hasn’t even assumed office yet.

Ford CEO Folds? Trump Confirms Carmaker Won’t Move Production To Mexico

by Tyler Durden

Just hours after Ford CEO complained of the “huge impact” of Donald Trump’s proposed trade plans, following the company’s plan to move a substantial portion of its passenger-car production to Mexico from a factory in Michigan, Donald Trump tweeted “Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky — no Mexico,” seemingly winning his first ‘america-first’ victory.

As WSJ reported yesterday, Ford Motor Co. Chief Executive Mark Fields issued a warning about President-elect Donald Trump’s proposed trade policies, saying high tariffs on automobiles and other products coming into the U.S. would be a blow to the auto industry and broader U.S. economy.

Mr. Fields, speaking with reporters on the sidelines of the Los Angeles Auto Show on Tuesday, said Ford has talked to Mr. Trump’s transition team and believes the company can work with the new administration. During a separate interview, he said, “We all share the same objective; we want a vibrant and healthy U.S. economy.”

The two sides, however, appear to be at odds on how to achieve that goal.

Ford’s plan to move a substantial portion of its passenger-car production to Mexico from a factory in Michigan was heavily criticized by Mr. Trump on the campaign trail. Like many of its rivals, Ford is building more-profitable light trucks in the U.S. while investing in new capacity in Mexico to produce lower-margin small cars.

And then hours later, Donald Trump tweeted…

Which was followed by a statement from Ford confirming Trump’s comment…

This article was written by Tyler Durden and originally published at Zero Hedge.

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.