Ford CEO says production plans on track despite election

AP News
Posted: Nov 15, 2016 2:03 PM

DETROIT (AP) — Ford Motor Co. CEO Mark Fields says the presidential election won't change the company's plans to move small car production to Mexico.

President-elect Donald Trump has repeatedly criticized Ford for moving production to Mexico. Trump wants to renegotiate the North American Free Trade Agreement and has called for a 35-percent tariff on goods shipped from Mexico.

In an interview with CNBC Tuesday, Fields said Ford is proceeding with its plan to move Focus car production from Michigan to a new plant in Mexico by 2018. He stressed that no jobs will be lost, since the Michigan plant will make two other vehicles.

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Fields also warned that a tariff would affect the entire industry — and autoworkers' profit-sharing checks — since many companies sell Mexican- and Canadian-made vehicles or parts.