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Ford sees 2017 performance falling from 2016 levels

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Ford CEO Mark Fields has said that all of the company's small-car production will be leaving US plants and heading to lower-cost Mexico over the next two to three years.

Washington

FORD Motor Co's 2017 financial performance will decline from this year as it increases spending on "emerging opportunities" such as self-driving cars and other costs rise, the No 2 US-based carmaker said on Wednesday.

Ford, like most of its chief rivals, is seeking ways