Friday, January 20, 2017

Ford Motor Company's New Strategy

Just Remember - Get in Financial Trouble and It Ain't the Republicans and Trump that Gonna Help You

From the NYT

DETROIT — Donald J. Trump has promised to change the way American automakers do business. Less than three weeks before his inauguration as president, he has already knocked the companies on their heels.
In a stunning reversal, Ford Motor, the nation’s second-largest automaker, said on Tuesday that it would scrap plans to build a small-car assembly plant in Mexico that Mr. Trump has repeatedly criticized.

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“We are encouraged by the pro-growth plans that President-elect Trump and the new Congress indicate they will pursue,” Mark Fields, Ford’s chief executive, said at an event on Tuesday.

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