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
Hurricane Rick makes landfall on Mexico’s Pacific coastMEXICO CITY, October 25, 2021, (Reuters).
Prepare a delicious pumpkin syrup dessert for the Hanal Pixán AltarMÉRIDA, Yucatán, (October 25, 2021).- On.
Mexican Sergio “Checo” Perez finished third at the US Grand Prix in Austin, TexasF1: Perez endures ‘toughest race’ without.
Cyclists demonstrate using life jackets in Paseo de Montejo to demand road safetyThe mobilization has the objective of.
International company Accenture will settle in Tekax, YucatánAccenture is a global operations, technology.
Over forced labor allegations, U.S. blocks imports of tomatoes from Mexican farmsWASHINGTON/MEXICO CITY, October 25, 2021 (Reuters).
Moderna says its COVID-19 vaccine protective, safe in young childrenOctober 25, 2021 (Reuters) – Moderna.
-
Hurricane Rick makes landfall on Michoacan’s coast
MEXICO CITY (Reuters) – The eye.
Bus accident on the Felipe Carrillo Puerto-Chetumal highway leaves 3 dead and several injuredChetumal, Quintana Roo, (October 25, 2021).-.
These are the vaccination rules in the U.S. for international travel reopening on Nov. 8WASHINGTON, Oct 25 (Reuters) – The.
Leave a Comment