Mexico has lower costs than the U.S., says Mark Fields
, photo: Reuters/Babu
14 of September 2016 09:25:32
DETROIT – Ford Motor Co. Chief Executive Mark Fields said on Wednesday that all of the company's small-car production would be leaving U.S. plants and heading to lower-cost Mexico."We will have migrated all of our small-car production to Mexico and out of the United States," over the next two to three years, Fields told Wall Street analysts at an investors conference hosted by the automaker.