Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Ford cancels plan for new factory in Mexico

The auto industry's relationship with President-elect Donald Trump took a dramatic turn Tuesday as Ford Motor Co. decided to shift investment dollars targeted for Mexico to the U.S., while Trump threatened General Motors with a tax on some imported small cars.

Ford said last spring it would move production of the Ford Focus small car to the new plant from Michigan. Trump has repeatedly criticized the plan, and Ford was among the companies he threatened to hit with a 35-percent tariff on products made in Mexico and exported to the U.S.

Trump added General Motors . . .

Read Full Story

Related Posts

Puerto Vallarta mass wedding draws over 300 couples

Puerto Vallarta mass wedding draws over 300 couples

More than 300 couples were married in Puerto Vallarta’s mass civil wedding, a public event...
Puerto Vallarta trafficking fight stalls amid corruption

Puerto Vallarta trafficking fight stalls amid corruption

A specialist says corruption and surface-level enforcement are weakening anti-trafficking efforts in Puerto Vallarta and...
Mexican peso exchange rate

Peso weakens past 18 as markets weigh war and rates

The peso slipped past 18 per dollar after Banxico cut rates and global tensions lifted...

Why $100 Oil Still Raises Everyday Costs in Mexico

Mexico produces oil, but households still absorb fuel shocks through freight, food prices, tax subsidies,...