Ford plunks down $275m bet on Trump, awaits big rewardFord has revealed the price paid for its aggressive push to curry favour with US President Donald Trump: US$200 million (NZ$275.7m). Ford said it's actually saving US$500 million by not completing construction of the Mexico factory. Chief Executive Officer Mark Fields met twice this week with Trump, who also speaks regularly with Executive Chairman Bill Ford. JONATHAN ERNST/REUTERS US President Donald Trump "is going to be very good for business and the economy" according to Ford CEO Mark Fields. Abandoning the Mexico plant contributed to a quarterly net loss for the company, its first since 2009.

Source: Stuff January 26, 2017 20:10 UTC