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Wednesday, 24 May 2017

Why a $1.6bn car plant has been left to decay

Mexico is currently the world's fourth largest car exporter, but could US President Donald Trump's plans to renegotiate the North American Free Trade Agreement (Nafta) between the US, Canada and Mexico bring this to an end?
On the outskirts of the Mexican state of San Luis Potosi, the skeletal remains of the partially constructed Ford plant loom over the desert. To the residents of the small towns surrounding the site it's a constant reminder of a failed economic promise.
For Jose Puebla Ortiz, who sold his plot of land to Ford, it's still painful to think of the economic prosperity his family could have had.
Mr Puebla Ortiz used the proceeds from the sale to buy a truck. He expected to work as a private contractor during the plant's construction, but since the company cancelled its plans he has struggled to find regular high-paying work.
"When Ford arrived and we thought everything would be good... there was investment and there was money," he says.
Now that investment has dried up.
"[Ford] decided to pull out and overnight they told us, 'it's over, we're not continuing, we're leaving, this is cancelled.' And, well, there was nothing we could do."
Source By BBC.COM



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