Tag Archives: san luis potosi

Trump Triumphs? Ford Cancels Mexico Plant

This appears to be a partial victory for the twit tweets of Donald Trump that are centered around U.S. jobs. About 700 jobs will eventually be created. However, Ford will build its next-generation Focus at an existing plant in Hermosillo, Mexico “to improve company profitability.” Continue reading

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GM to Expand Three Plants in Mexico

While GM has been operating in Mexico for 78 years, the NAFTA trade agreement made it easier for automakers and other manufacturers to transfer jobs out of the U.S., which buys almost 80% of total Mexican exports of vehicles and auto parts. The U.S. continues to run a trade deficit under NAFTA since its 1994 inception, running a deficit of $169 billion with Mexico during 2012, as politician’s promises of U.S. jobs never materialized. The Obama Administration is attempting to put similar agreements, negotiated in secret, in place with Germany, Japan, and other Pacific countries. Continue reading

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