Quote:
He later explained to Business Insider the thinking behind the decision to switch gears on the new plant in Mexico, a $1.6-billion project.
"In the case of the plant, we go through an ongoing process every year, looking at segment changes, and then we do our volume and capacity planning," he said.
"By late fall, it was very clear we didn't need the capacity, and we made the decision."
Quote:
"The bottom line is we're not seeing the volume and the demand that we expected for that plant. And, therefore, we're looking at our capacity and saying, 'You know what, we can build that in an existing facility and use capacity that we already have,'" he said.
"Over the last couple of years we've seen small cars markedly decline. Every year we're looking at our capacity. We're looking at our forecast for demand. It became very clear that we didn't need this plant."
Ford realized moving it to Mexico and building a new plant that could produce more cars was pointless because they sold too few to need the extra capacity. It has nothing to do with Trump. Lol.