Ford Motor Co. is shifting all of its North American small-car production to Mexico, Chief Executive Mark Fields said Wednesday.
“Over the next two to three years, we will have migrated all of our small-car production to Mexico and out of the United States,” Fields said.
Ford currently makes its Fiesta subcompact in Mexico, but its Focus and C-Max small cars are made in suburban Detroit. Making them in Mexico would boost company profits because of low wages there.
The company is building a $1.6-billion assembly plant in San Luis Potosi, Mexico. It plans to make small cars there starting in 2018.
Ford's Michigan Assembly Plant, which...