Mexico Panics Over Loss of Jobs With Ford Decision

A $1.6 billion auto manufacturing plant was planned to be built in San Luis Potosi, Mexico under the Ford Motor Company.

However, Ford has officially cancelled the plant’s construction due to supposed pressures of the incoming Donald Trump administration to keep jobs within the U.S. In fact, Ford will now be building the location in Michigan, according to the Associated Press.

Mexican newspapers have been covering the protests over a January 1st gasoline prices spiking and the peso rate falling in the country the past few days.

However, since the announcement of Ford canceling their new site, Latino media has been rampant in coverage of anti-Trump rhetoric over the car manufacturer’s decision, as they’ve realized the jobs are going back to the United States.

Below are a few headlines and statements from Mexican media sites regarding reaction to Ford’s change of plans:

El Universal: “Trump leaves Mexico without 3,600 jobs.”

Reforma: “Ford’s braking jolts the peso.”

La Jornada: “Ford’s decision is indicative of what awaits the economies of both countries. For ours a severe decrease in investment from our neighboring country, and for the U.S. a notable increase in their production costs.”

Mexican analyst Alejandro Hope: “This is a much-needed wake-up call… It shows how much actual leverage Trump has within specific companies, which is far greater than what Mexican elites thought until recently. They claimed that at the end of the day economic interests would prevail over political messaging. That’s clearly not the case.”

El Universal op-ed: “Mexico loses thousands of jobs with no word on a clear strategy for confronting the next U.S. government which has presented itself as protectionist and, especially, anti-Mexican. Trump will try to recover as many U.S. companies that have set up in Mexico as possible. He will try to make them return at whatever cost, through threats or using public resources.”







 

Comment via Facebook

 

Comment via Disqus

Send this to a friend