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

[Rollo]

As usual, the attention hog tries to claim something he doesn't deserve...

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

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."

[Dawson Leery]

1. Not buying it.

This morning you gave Donnie the credit.

A foreign made car is in my future.

Never Ford!

[kimbutgar]

2. Buy a Dodge/ Chrysler

The uncertainty of the country will prevent me from buying a car in the near future.

[Wellstone ruled]

3. This has turned into a PR nightmare for Ford.

Plus CNBC has run a anti Ford Campaign for over two years. When Mullay was CEO,he never let the so called Business Channels dictate the narrative about his company. Was supprized when this happened this morning did not think Fields would get sucked back into this Trump B.S.