Ford to Invest $1.6 Billion in Mexico Plant, Trump Says "It's Absolute Disgrace"
Ford has announced that the company will invest $1.6 billion in Mexico to build a plant. And Republican presidential candidate Donald Trump isn't too happy about it calling it a "Absolute Disgrace".
“Our dishonest politicians and the special interests that control them are laughing in the face of all American citizens,” Trump said in a statement.
“These ridiculous, job crushing transactions will not happen when I am President. The United States now has a three quarter trillion dollar merchandising trade deficit with the world.”
Ford is the second-largest auto manufacturer in U.S. Construction will start this summer, and the plant in San Luis Potosi state will generate 2,800 jobs by 2020, Ford said in a statement Tuesday. Ford said that it has been manufacturing vehicles in Mexico since 1925 and that from 2011 to 2015.
Ford’s chief executive, Mark Fields defended Donald Trump's attack saying that lately that the company had invested $10 billion and added 25,000 jobs in the United States since the last recession. But the company is also plan to grow in Mexico, China and other countries.
Joe Hinrichs, Ford's president of the Americas, said Ford is a global company that makes cars where it makes the most financial sense. He confirmed the new plant would build small cars beginning in 2018. "We've talked about improving our small-car profitability and this is an important part of that," he said Tuesday in an interview with The Associated Press.
Trump has said in the past if he becomes U.S President he would threaten the company and any other automaker with a 35% tariff on products or parts brought into the U.S.
