FORD’S NEW CEO SNUBS President Trump…Will Build Focus In China…Export To U.S.Ford will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday.It is the first major manufacturing investment decision made by new Chief Executive Officer Jim Hackett, who succeeded Mark Fields in late May.Discussion about the small-car production shift from Mexico to China began  a couple months ago  under Fields, said Joe Hinrichs, president of global operations.In January, after U.S. President Donald Trump criticized Ford for shipping small-car manufacturing to Mexico, Ford said it would kill plans to build a $1.8-billion Focus plant in San Luis Potosi and instead produce the new Focus at an existing plant in Hermosillo.Although it is cheaper to build and ship cars to the United States from Mexico than China,  this was not a variable cost decision,  Hinrichs said in a Tuesday morning briefing. It allows us to free up a lot of capital  because Ford now has to retool only one plant   the existing Focus factory in Chongqing   rather than two to supply North America.Given dwindling overall U.S. demand for small cars such as the Focus,  we thought this was the best balance of that cost/capital tradeoff,  Hinrichs said.He said Ford planned to inform the White House Tuesday.Asked if Ford was concerned about having to pay a border tax, as Trump has threatened on vehicle imports from Mexico, Hinrichs said  the capital saving outweighs the risk  of a potential tax on the Chinese-built Focus.Ford stock fell 0.8 percent at $11.15.  Daily MailHow do you feel about Ford s decision to move manufacturing over to China? Let us know in the comment section below. politics
ford s new ceo stubs president build focus in to export focus compact car china north america rather mexico earlier planned saving company million top executive said first major manufacturing investment decision made new chief executive officer jim jacket succeeded mark fields late production shift mexico china began couple months ago fields said joe hinrichs president global january president donald trump criticized ford shipping manufacturing mexico ford said would kill plans build focus plant san luis photos instead produce new focus existing plant cheaper build ship cars united states mexico china variable cost decision hinrichs said tuesday morning briefing it allows us free lot capital ford retook one plant existing focus factory changing rather two supply north dwindling overall demand small cars focus thought best balance takeoff hinrichs said ford planned inform white house ford concerned pay border tax trump threatened vehicle imports mexico hinrichs said capital saving outweighs risk potential tax stock fell percent daily mailhow feel ford decision move manufacturing china let us know comment section politics
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: FORD’S NEW CEO SNUBS President Trump…Will Build Focus In China…Export To U.S.Ford will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday.It is the first major manufacturing investment decision made by new Chief Executive Officer Jim Hackett, who succeeded Mark Fields in late May.Discussion about the small-car production shift from Mexico to China began  a couple months ago  under Fields, said Joe Hinrichs, president of global operations.In January, after U.S. President Donald Trump criticized Ford for shipping small-car manufacturing to Mexico, Ford said it would kill plans to build a $1.8-billion Focus plant in San Luis Potosi and instead produce the new Focus at an existing plant in Hermosillo.Although it is cheaper to build and ship cars to the United States from Mexico than China,  this was not a variable cost decision,  Hinrichs said in a Tuesday morning briefing. It allows us to free up a lot of capital  because Ford now has to retool only one plant   the existing Focus factory in Chongqing   rather than two to supply North America.Given dwindling overall U.S. demand for small cars such as the Focus,  we thought this was the best balance of that cost/capital tradeoff,  Hinrichs said.He said Ford planned to inform the White House Tuesday.Asked if Ford was concerned about having to pay a border tax, as Trump has threatened on vehicle imports from Mexico, Hinrichs said  the capital saving outweighs the risk  of a potential tax on the Chinese-built Focus.Ford stock fell 0.8 percent at $11.15.  Daily MailHow do you feel about Ford s decision to move manufacturing over to China? Let us know in the comment section below. politics
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: ford s new ceo stubs president build focus in to export focus compact car china north america rather mexico earlier planned saving company million top executive said first major manufacturing investment decision made new chief executive officer jim jacket succeeded mark fields late production shift mexico china began couple months ago fields said joe hinrichs president global january president donald trump criticized ford shipping manufacturing mexico ford said would kill plans build focus plant san luis photos instead produce new focus existing plant cheaper build ship cars united states mexico china variable cost decision hinrichs said tuesday morning briefing it allows us free lot capital ford retook one plant existing focus factory changing rather two supply north dwindling overall demand small cars focus thought best balance takeoff hinrichs said ford planned inform white house ford concerned pay border tax trump threatened vehicle imports mexico hinrichs said capital saving outweighs risk potential tax stock fell percent daily mailhow feel ford decision move manufacturing china let us know comment section politics