1/20, 2:32 AM (Source: TeleTrader)
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Mexican govt wants Ford to relocate production

Mexican Economy Minister Tatiana Clouthier confirmed that the government wants Ford Motor Co. to relocate some of its operations to this country.

"We're now looking to make Ford an offer," Clouthier said after it was revealed that the company plans to cease vehicle production in Brazil in 2021 as part of a restructuring of its South American operations.

Ford South America President Lyle Watters stated earlier that the "sustained unfavorable economic environment and the additional burden of the pandemic" pushed the company to act towards "creating a sustainable and profitable future."

Breaking the News / TF