Ford Electric Crossover Production Moving to Mexico

Ford to move planned electric car production to Mexico from Michigan

Redirecting electric vehicle production to Mexico is about more than cutting costs, Ford President of Global Markets Jim Farley tells WSJ, as the move will make room for the Flat Rock factory to serve as Ford's "center of excellence" for autonomous vehicles.

Ford (NYSE:F) plans to produce a future electric auto in Mexico rather than in the US, reversing its January announcement that the Flat Rock, Mich., assembly plant would serve as its main electric vehicle production site, WSJ reports. That vehicle will now be made at an existing Mexico facility. It also risks raising the ire of President Donald Trump, who had been sharply critical of an earlier plan by Ford to build a small vehicle factory in Mexico that the company ultimately canceled. "It's not like they're not putting money into the U.S". Mark Truby, the company's communications chief, said in an email to Bloomberg that Ford is investing an additional $200 million and adding 150 jobs as part of the plan.

GM unveiled plans last week to introduce its own on-demand ride-sharing service in several United States cities in 2019, using self-driving versions of the battery-powered Chevrolet Bolt. The driverless vehicle is to debut in 2021.

As of past year, Ford had meant to build the autonomous vehicle at its planned small-car plant in San Luis Potosi, Mexico, but that facility was canceled in January.

The move comes as Ford and other automakers place increasingly large bets on electrification and self-driving technology.

The net effect is hundreds of additional American jobs there, he said.

Trump did not tweet his displeasure this summer with Hackett's plan to build small cars in China to be exported to the US, nor has he blasted the automaker after news broke Wednesday of the electric SUV's shift to Mexico. So now we're back to making cars in Mexico? The company's software provides services useful to autonomous ride-hailing businesses, including networked data streams between vehicles and operators.

Earlier this year Ford confirmed plans to introduce a fully electric SUV in 2020.



Latest news

Square Enix Officially Announces Third Tomb Raider Game
Fortunately, that changed today when the dealer announced that a new Lara Croft adventure is on our way. It should come as a surprise to nobody that another Tomb Raider title is now in the works.

City's dramatic late show earns record PL win
This is the player that received the biggest kick in the teeth and never found the power to get back up to his feet. I am not judging but it is hard . "Hopefully in the future opponents can try to play and maybe it will be easier".

Man wanted for burglarizing two of R. Kelly's homes
After she contacted the police, members of Kelly's organization told officers of another home that Kelly rented in the city. Kelly's items or know the whereabouts of Walker is asked to call Johns Creek Police. " Many televisions.

Rangers target McInnes stays at Aberdeen
However, it is understood the 46-year-old's move to Premiership rivals Rangers will be pushed through. He later said knowledge of the United Kingdom and Scottish game was a key requirement.

Has $5.70 Million Position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)
Pacer Advisors Inc. bought a new position in shares of Norwegian Cruise Line during the second quarter valued at $197,000. Shares of NCLH have downtrended -6.37% in the past three months, while the S&P 500 has moved -12.24% in that time.

Other news