What Mexico represents to Ford
Before the announcement of the cancellation of Ford Motor Company’s investment in San Luis Potosi, executives of the Company portrayed Mexico as a very competitive Country, attractive to manufacture vehicles; furthermore, they gave hard data of what their Mexico operations represent and growth plans for 2017-2018.
Marcos Perez Oyamburu, Product Development Officer at Ford Motor Company, said that the firm saves US$1,100 per car made in Mexico, hence, if 434,000 vehicles were manufactured here in 2015, Ford saved US$477 million, exporting 95% of those vehicles to the U.S., Europe and Asia.
Besides the low manufacturing costs, Ford finds Mexico competitive for its quality manufacture, which is of primary importance for the Company, expressed Rafael Lopez M., Material Logistics and Planning Director of Ford Mexico. If it were just about the cost, Guatemala, Bolivia and Peru have lower costs than Mexico.