Ford CEO: Main reason for canceling Mexico plant was market demand, not Trump

[applegrove]

by Berkeley Lovelace at CNBC

http://www.cnbc.com/2017/01/03/ford-ceo-main-reason-for-canceling-mexico-plant-was-market-demand-not-trump.html

"SNIP..............



CEO Mark Fields told CNBC on Tuesday that President-elect Donald Trump wasn't the main factor when Ford decided to cancel its plans for a $1.6 billion plant in Mexico.

In an interview on CNBC's "Halftime Report," Fields said the decision not move forward with its San Luis Potosi, Mexico, plant was due to market demand.

"The bottom line is we're not seeing the volume and the demand that we expected for that plant. And, therefore, we're looking at our capacity and saying, 'You know what, we can build that in an existing facility and use capacity that we already have,'" he said.

"Over the last couple of years we've seen small cars markedly decline. Every year we're looking at our capacity. We're looking at our forecast for demand. It became very clear that we didn't need this plant."



...............SNIP"

[malaise]

1. But if Groper Don the Con says it's so, it's so

Ask M$Greedia

[Wellstone ruled]

2. Yup,

[Cha]

3. K&R.. trump will take credit for anything he can grab with

Last edited Tue Jan 3, 2017, 09:03 PM - Edit history (1)

his grubby little hands.

[applegrove]

5. He doesn't care if he can appear to be the one saving jobs. He doesn't care

that it is a facade. He is the one off facade of a President. He's been around sycophants for too long. He's not real.

[malthaussen]

4. "Over the last couple of years we've seen small cars markedly decline"

Cool! I think you should reintroduce the mighty V-8 engine. It's not like the climate is changing or anything.

-- Mal

[HoneyBadger]

7. Exactly

50 years ago, who drove an SUV? The President did not even ride in one. Now one person driving an SUV is almost normal. Horrible for climate change.

[rzemanfl]

6. Watch gas prices rise and twenty year-old Geo Metros become the car to own. n/t

Last edited Tue Jan 3, 2017, 10:11 PM - Edit history (1)

On edit: a twenty year old Metro would be a Chevy Metro. They changed the name in 1997.