Ford Motors drops $1.6bn Mexico plant January 4, 2017 - 15:04 AMT PanARMENIAN.Net - Ford has said it will cancel a $1.6bn plant it planned to build in Mexico and instead extend operations at its factory in Michigan, BBC News reports. The U.S. car giant will spend $700m on expanding the plant at Flat Rock. Ford boss Mark Fields said the decision was partly due to falling sales of small cars and partly a "vote of confidence" in Donald Trump's policies. The President-elect has criticised both Ford and its rival General Motors over production of models in Mexico. Trump earlier on Tuesday, January 3 tweeted criticism of GM's production of its Chevy Cruze model in Mexico. Mexico's economy ministry said it regretted Ford's decision, adding that it had assurances that the U.S. car firm would pay the state of San Luis Potosi for any costs incurred from the cancellation. Related links:   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
