Ford President and CEO Mark Fields last week said that he anticipates a beneficial tax environment under US president-elect Donald Trump, according to The Detroit News.
At last week’s Consumer Electronics Show, the Ford CEO remarked that “the environment is probably the best it’s been in quite some time to actually have tax reform.” He added: “There’s going to be a more favorable business environment for US manufacturing because of Donald Trump.”
Ford announced just last week that it was canceling plans to erect a $1.6-billion small-car assembly plant in the Mexican state of San Luis Potosi, after Trump repeatedly blasted the automaker from the campaign trail, holding Ford up as an example of American businesses hanging US workers out to dry by outsourcing jobs. The Focus and C-MAX compact models will nonetheless be sent south of the border to Ford’s Hermosillo Assembly Plant, clearing room at Michigan Assembly for the Ranger pickup and Bronco SUV.
Ford CEO Mark Fields maintains that Donald Trump’s criticism of the automaker was not a deciding factor in the company’s cancellation of the San Luis Potosi plant. Rather, he said on Fox Business last week, Ford is simply “doing this decision based on what’s right for [the] business,” having seen such a decline in small-car demand that the new plant would have been superfluous.
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