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Ford Owes Suppliers Payouts After Mexico Car Plant Aborted

  • Trump praises scrapping of factory he panned during campaign
  • Ford to reveal construction costs later, Americas chief says
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Ford Chairman Bill Ford: Encouraged by Trump’s Policies

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Ford Motor Co. is working on a plan to compensate parts makers that were preparing to supply the plant the company canceled last week and will return the land to the government of Mexico, an executive said.

The foundation was poured and some steel beams were going up at the site of the small-car factory President-elect Donald Trump criticized on the campaign trail, Joe Hinrichs, Ford’s president of the Americas, told reporters Wednesday. The company will eventually disclose the construction cost of the aborted project, he said.