The Mexican plant was to build small, more fuel-efficient cars. Cars with lower profit margins and where labor costs are more important. Demand for those cars is down, so the Ford production capacity in Mexico is sufficient to meet projected demands. Instead Ford will invest in higher margin vehicles which, coincidentally, are made in the U.S. And they’re willing to give Trump partial credit for their decision. Win-win for everyone.
Everyone else may be saying that but I didn't see that at the blurb at the Ford Corp. media page. All I saw was:
Ford is adding 700 direct new U.S. jobs and investing $700 million during the next four years... ...cancelling plans for the new plant in San Luis Potosi, Mexico.
At least we can agree that Ford's not 'moving back' anything and there's no talk of shutting down any existing overseas ops.