Ford Willing to Deal with Trump

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Ford Motor Co. stated that now that Trump will be president they are willing to work with him on keeping jobs in America.

Bloomberg reported that Ford’s chief executive officer, Mark Fields said in an interview this past Friday with Bloomberg reporters that he would be willing to work with Trump if he can provide the proper policies. Some of the policies Field discussed were “currency manipulation rules that promotes free trade, tax reform, and safety guidelines for vehicles.”

Ford Motor Company was one of the companies brought up by Trump during his campaign, as a company looking to move to Mexico. Trump promised to hit them with a 35% tariff for every car they brought back into America from their Mexican factories.

Trump had called CEO Bill Ford after the election and discussed their planned move of the Lincoln MKC factory from Kentucky to Mexico.

Fields said that the discussion led them to continue building cars in Kentucky. Trump influenced the decision “because of what he’s talking about in terms of his economic policies, whether it’s tax reform or otherwise,” Fields said.

One of Ford’s biggest gripes was U.S. and state fuel-economy rule forcing Ford to build more electric cars and hybrids when the customer base is not there.

According to Fields; “In 2008, there were 12 electrified vehicles offered in the U.S. market and it represented 2.3 percent of the industry,” Fields said in the interview. “Fast forward to 2016, there’s 55 models, and year to date it’s 2.8 percent. This isn’t exactly a formula for success, he said. “At the end of the day, you’ve got to have customers, so obviously, there would be pressure on the business if there’s not a market,” he said.

Fields said, “Ford would now continue its dialog with Trump. The auto industry may seek clean-air credits for self-driving cars, which could reduce fuel consumption and emissions by helping traffic move more smoothly.”

 

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