NEW YORK (TheStreet) --President-elect Donald Trump has repeatedly criticized Ford (F) for building auto manufacturing plants in Mexico. Additionally, the President-elect has threatened to impose taxes on automakers building vehicles abroad and importing them to the U.S.
Ford CEO Mark Fields spoke with CNBC's Phil LeBeau on the "Halftime Report" Tuesday, addressing some of the concerns and uncertainties impacting Ford, now that Trump has captured the Presidency.
"We're a global company with our home in the U.S., and we're very proud of that. At the same time, we want to make sure we are utilizing our global manufacturing footprint, so our plans continue to be to move our focus down to Mexico," Fields said.
He noted that irrespective of a Trump administration there is no change to the jobs within the U.S., and just as the company is making investments in Mexico, it will continue to do the same domestically.
"Our approach is make sure we have a vibrant, profitable business and importantly our UAW (United Automobile Workers) colleagues know the importance and share the importance on profitability," Fields stated.
Regarding the imposed tariff Trump has threatened to levy on importing vehicles to the U.S., Fields remains focused on the overall health and profitability of the U.S. economy.
"We all share the same objective; a strong, vibrant U.S. economy," he said. "A 35% tariff would affect the entire auto sector. Impacting not only the auto sector in the U.S. but the economy in general."
One final policy which Trump has threatened to dismantle, carrying a potential negative impact for Ford is NAFTA.
"You have to keep in mind that both the productions and the supply chains are deeply integrated between the three counties and that integration also supports a lot of American jobs," Fields noted.
Shares of Ford were lower in early afternoon trading on Tuesday.
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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
The team rates Ford Motor as a Buy with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: F