Ford Will Move Small Car Production To Mexico Despite Donald Trump Presidency

“A tariff like that would be imposed on the entire auto sector, and that could have a huge impact on the U.S. economy.”

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According to its plan, Ford Motor Company will start to move the small car production to Mexico despite Donald Trump got elected as the President of the United States. The company officials have said that they have no plans to alter this move.

Before the election, Trump and Ford Chief Executive Mark Fields had a verbal spat about this plan. Trump said that the company will abandon all its U.S. employees in favour of Mexico, but Fields denied this argument.

Fields attended the Los Angeles Auto Show and after his keynote address, he told that Trump's possible 35 percent tariff on vehicles which are imported from Mexico will do a great harm to the automotive industry.

He said, "A tariff like that would be imposed on the entire auto sector, and that could have a huge impact on the U.S. economy. I continue to be convinced that the right policies will prevail. I think we all share the same objective, which is a healthy and vibrant U.S. economy."

Despite this issue between Fields and Trump, Ford's boss said that the company will work with Trump and his policymakers.

Fields added, "We have a proven track record of working with policymakers going all the way back to Teddy Roosevelt. We expect to work very effectively and positively with the president-elect's administration, as well as the new Congress. We look forward to working with the new administration."

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Read more on: #ford #auto news
Story first published: Thursday, November 17, 2016, 16:48 [IST]
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