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FILE - In this Jan. 12, 2015, file photo, Ford vehicles sit on the lot at a car dealership, in Brandon, Fla. Ford Motor Co. expects its pretax profit to fall in 2017 but improve in 2018 as it invests in emerging businesses. Ford updated its outlook Wednesday, Sept. 14, 2016, at its annual investor day. (AP Photo/Chris O'Meara, File)

Ford is driving all small car production from US to Mexico

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Ford Motor Co. on Wednesday announced it is moving all of its small car production from the US to Mexico.

"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," Ford CEO Mark Fields told a meeting in Dearborn, Michigan, where the company is based.

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 new $1.6 billion assembly plant in San Luis Potosi, Mexico.

It will make small cars there starting in 2018.

The Associated Press contributed to this report.

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