Mexico has overtaken Brazil as the leading auto manufacturing country in Latin America. (PHOTO: Panamericanworld.com)
Ford Motor Co Chief Executive Mark Fields said on Wednesday Sept. 14 that all of the company’s small-car production would be leaving U.S. plants and heading to lower-cost Mexico, Reuters reported.
“We will have migrated all of our small-car production to Mexico and out of the United States,” over the next two to three years, Fields told Wall Street analysts at an investors conference hosted by the automaker.
Ford executives have previously described the company’s plans to shift production of smaller vehicles to Mexico. As reported in The Yucatan Times on April 6, 2016, Ford’s plans have drawn fire from its employees union and politicians including Republican presidential candidate Donald Trump.
Other U.S., European and Asian automakers have been gradually boosting production in Mexico in recent years, including construction of major production facilities in several central Mexican states. Mexico has overtaken Brazil as Latin America’s biggest auto producer.
TYT Newsroom
Comments
more recommended stories
Border Patrol detained nine-year-old US citizen for more than 30 hours on her way to schoolUS Customs and Border Protection officials detained.
Guadalajara attempts to set a new Guinness World Record for the world’s largest tequila tastingA week-long celebration in the State.
Mexican actress Yalitza Aparicio teams up with UN to fight racismMexican actress Yalitza Aparicio teamed up.
International standards to fight money laundering will be applied in Mexico by JulyWith more and more money laundering.
Huachicolero criminal leader “El Marro” is still at largeThe “Golpe de Timón” operation that.
Profepa closed down a property in Halachó, Yucatán for change of land use without authorizationThe Office of the Federal Attorney.
Agrarian officials illegally take land from “ejidatarios” to build a hotel in Chocholá, YucatánAbout 460 hectares of the ejido.
State Secretariat of Sustainable Development to combat severe damage to the Yucatan jungleDuring the past 20 years, more.
FAKE CANCUN VIDEO CIRCULATES THE WEB!Since the 19th of March a.
Tourists welcomed the spring at DzibichaltúnHundreds of domestic and foreign tourists.
Leave a Comment