Auto, Ford cancel an investment in Mexico. And Trump threatens General Motors: “to Produce in the Usa or tassiamo” – The Republic

MILAN Ford cancel an investment of 1.6 billion dollars in Mexico, and will instead 700 million to expand the plant in Flat Rock, Michigan. Has notified the U.s. giant of the car, explaining that the plan of investment of us $ 1.6 billion planned for the plant in San Luis Potosì, Mexico, has been cancelled.

Donald Trump, as usual, via Twitter, has claimed: “All about me”. The group’s president, Mark Fields, interviewed by Cnn, however, has denied that the cancellation of the investment in Mexico is a courtesy to the president-elect: “we are Not come to an agreement with Trump. We decided for our business. Every year we look at our capacity and the estimates for the demand and it became very clear that we did not need this factory, and we can use one already existing in Mexico,” said Fields, a different american tv, explaining that investments will be diverted on the factories of Michigan in the context of the sales strategy to drive small to medium, as the Focus and Fusion. It is the second time that Ford is denying the statements of Trump. In November, it was happened about the alleged movement in Mexico, one plant in Kentucky. Ford will continue to build in Mexico, in the plant of Hermosillo, the new model of the Focus, to “improve the profitabil ity of the company.”

But Fields this time he has also “encouraged the policy pro-growth, president-elect, Donald Trump, and the new Congress have indicated that they want to pursue”. “We believe that these tax reforms, and regulatory – it has explained – are critically important to increase the competitiveness of the Usa and, of course, lead to a recovery in the manufacturing american innovation and high-tech”.

Statements affected by the pressure that the president-elect is doing on the companies in turn protectionist. The nth retry is reached by the tweet with which Trump had shortly before attacked General Motors, threatening to establish a “border tax”, a “customs tax”, since the model Chevy Cruz, Gm is produced in Mexico. “Do it in the Usa – has tweeted Trump – or paid a substantial fee”.

General Motors replied with an official note, stating that the factory in Mexico, only the version ‘hatchback’ of the Cruze “for global markets, with a small number sold in the Usa”. The criticisms of Trump are coming while Gm program to cancel a shift at the factory in Lordstown, Ohio, on the background of a decrease in sales of the Cruze sedan: a move that would cost the elimination of 1200 jobs, starting this month. Gm, the largest car manufacturer in america, it is well-rooted in Mexico, with about 19% of its north american production, compared with 13% of the Ford.

The ministry of economy of mexico a note, he expressed his regret at the decision of Ford, but would have obtained assurances that the u.s. company will pay any costs associated with the cancellation of the investment the state of San Luis Potosì.

Topics:

Ford

GM

Starring:

Trump