Ford CEO Says Company Still Moving Production To Mexico: WSJ

By Claudia Assis Markets MarketWatch Pulse

Ford Motor Co. Chief Executive Mark Fields said the car maker still plans to move production of Focus sedans to Mexico despite criticism from President-elect Donald Trump, according to an interview with The Wall Street Journal Friday. Such move will mean no loss of U.S. jobs and is expected for 2018, Fields told the newspaper. The Michigan plant would produce more profitable, larger vehicles. Fields said in September the move was aimed at "reinventing" Ford's small-vehicle business and at cutting costs. Trump said earlier Friday companies moving jobs abroad would face "consequences." Shares of Ford were up 0.1% in the extended session after ending the regular trading day down 1.5%.

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