Ford announces $1.6 billion investment in Mexico, derided by Trump

A man selling ice cream man pushes his cart in front of a Ford sales store in Mexico City. (Edgard Garrido/Reuters)
A man selling ice cream man pushes his cart in front of a Ford sales store in Mexico City. (Edgard Garrido/Reuters)

By Paul Lienert, Bernie Woodall, David Shepardson and Ana Isabel Martinez / Reuters

Ford Motor Co on Tuesday announced it would invest $1.6 billion to build more small cars in Mexico, starting in 2018, triggering a fresh blast of criticism from Republican front-runner Donald Trump.

Following the announcement, Trump labeled the move “an absolute disgrace.”

“These ridiculous, job crushing transactions will not happen when I am president,” the real estate billionaire said in a statement released by his headquarters.

Ford stood by comments on the issue made two weeks ago by its chief executive, Mark Fields, who said the company would not back down on its production strategy.

“We are a global, multinational company and we will invest to keep us competitive and we will do what makes sense for the business,” Fields said.

http://www.reuters.com/article/us-ford-mexico-investment-idUSKCN0X21VA

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