Keyword: fordmotor
-
Ford’s chief executive officer Mark Fields must not respond well to threats; he admitted to Reuters on Tuesday that Ford was still planning on moving the production of its small cars from Michigan to — you guessed it — Mexico... Fields claimed that the move would not have any effect at all on American jobs because the move south will “make room for two very important products we’ll be putting back into Michigan plants.” Ford has yet to announce what, exactly, those “important products” are, but Fields is convinced that the move will lead to “no job impact whatsoever.” “It’s...
-
[The] US car industry history...suddenly appears to be bombarded with a barrage of bad news: starting with Ford's disastrous August sales when the company admitted "sales have reached a plateau"...one would almost think that a respite from the bad news was in order. One would be wrong. As a result of slowing demand and declining US auto sales coupled with growing inventory, Ford Motor is halting one of two plants that builds its top-selling F-150 pickup as it idles four factories this month amid slowing U.S. auto sales. Ford is shutting its Louisville, Kentucky, factory building the Escape and Lincoln...
-
Ford Motor Co. is idling its Flat Rock Assembly Plant, where the Dearborn automaker builds the Ford Mustang and the revived Lincoln Continental. The site will be idled for one week, Ford spokeswoman Kelli Felker said in an email. "We continue to match production with demand," Felker said in response to a query about whether the idling was due to slower Mustang sales. "Mustang remains the top seller in its segment in total and retail sales..." Sales of all Ford-brand cars fell by double-digits in the U.S. in September, as Americans continue to gravitate toward crossovers and SUVs, but the...
-
Ford Motor Co (F.N) Executive Chairman Bill Ford Jr. said on Wednesday he has met with Donald Trump to talk about the Republican presidential candidate's extensive criticism of the automaker's investments in Mexico. Ford told the Economic Club of Washington that he thought Trump's criticism of the No. 2 automaker's foreign investments were "infuriating and "frustrating" because of the company's extensive investments and employment in the United States. Trump has threatened if elected to impose hefty tariffs on Ford imports from Mexico. Ford told reporters after the event that the session with Trump was a "great meeting" that took place...
-
CAFE is just one of the many policies that make doing business difficult in America Ford Motor Company made headlines on Wednesday, September 9, when, during an investor conference, CEO Mark Fields told attendees that it will invest $1.6 billion building a manufacturing plant in San Luis Potosi, Mexico, and will move all of its small car production there during the next two to three years. The announcement was hardly news as Ford has been talking about the shift for more than a year. But in the throes of an election that has both candidates decrying companies that send jobs...
-
Ford Motor Co Chief Executive Officer Mark Fields said on Wednesday that all of the company's small-car production will be leaving U.S. plants and heading to lower-cost Mexico. "We will have migrated all of our small-car production to Mexico and out of the United States," over the next two to three years, Fields told Wall Street analysts at an investor conference hosted by the automaker. Earlier this year, Ford said it would invest $1.6 billion in Mexico for small-car production to start in 2018. Republican presidential candidate Donald Trump has criticized Ford for moving U.S. jobs to Mexico. Fields has...
-
DETROIT (AP) — Ford Motor Co. says it's moving all of its U.S. small car production to Mexico. Ford CEO Mark Fields confirmed the long-expected move Wednesday during an event for investors and Wall Street analysts. 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.
-
Ford intends to have a fully driverless vehicle — no steering wheel, no pedals — on the road within five years. The cars will initially be used for commercial ride-hailing or ride-sharing services; sales to consumers will come later. Ford CEO Mark Fields announced the new goal Tuesday at the company's Silicon Valley campus in Palo Alto, California, sparking rumours it could sell the cars to Uber - which is already testing its self driving systems using the firm's vehicles in Pittsburgh. ... Nair says Ford will continue developing driver-assist systems, like automatic emergency braking or lane departure warning. But...
-
The Donald Trump effect: Ford will invest $1.6 billion in two U.S. factories. Ford Motor Co will invest $1.6 billion in two U.S. factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday. Ford said the moves would support a total of 650 jobs but would not say how many new ones would be created. The announcement comes three weeks after Ford said it would spend $1.6 billion to build a new vehicle assembly plant in Mexico, drawing fire from Republican U.S. presidential candidate Donald Trump. Ford has countered that...
-
Ford Motor Co. plans to build a $1.6-billion auto assembly plant in Mexico, creating about 2,800 jobs there and shifting small-car production away from the United States
-
Auto giant Ford is planning a new assembly plant south of the U.S. border, the Wall Street Journal reported Sunday, and will sharply increase factory output from Mexico just months after signing a labor deal. Citing people familiar with the matter, The Journal reported that Ford will add half a million units of annual capacity from Mexico starting in 2018, which is double the amount it built in 2015. The new assembly complex will be based in San Luis Potosi, and Ford will expand an existing facility near Mexico City, the publication added. The move may heighten the debate over...
-
When the Ford Motor Co. decided to move jobs south to Mexico so that it could pay its workers less, billionaire businessman Donald Trump was furious. He made trade inequalities and Ford’s betrayal of American workers a central issue of his campaign. And, without his even being in the Oval Office, it worked. In an interview with CNBC, Ford CEO Mark Fields said that the automaker would be “here to stay.” He also said he had outlined his company’s plans in a letter to Trump.
-
Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to more than double production there Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City, according to The Wall Street Journal. The Journal says the Dearborn, Michigan, carmaker will add 500,000 units of annual capacity there, beginning in 2018. That would be more than double last year's production in that country. The newspaper cites unnamed people briefed on the plan. Costs for the project likely will exceed $1 billion, people familiar with...
-
One of the cornerstones of Donald Trump's campaign has been the fact that millions of jobs have been lost to overseas industries because it is often too expensive to do business in America anymore. Many liberals have criticized Trump for these statements, but the Wall Street Journal recently reported that Ford's latest production move showed that Trump was exactly right. Ford planned to build a new assembly plant in Mexico in order to produce 500,000 more vehicles in Mexico than it currently does. Last year Ford's Mexican output was 433,000 vehicles, which translates to about 14 percent of its total...
-
Word is that Ford Motor, because of my constant badgering at packed events, is going to cancel their deal to go to Mexico and stay in U.S.
-
Ford plans to move production of two of its smallest cars from its assembly plant in Michigan to a plant overseas by 2018 to maintain competitiveness. Ford did not say where it would relocate production of the Focus and C-Max, amid media reports that Mexico was likely. The Focus is already produced at several locations around the world. 'We currently are reviewing several possible options,' said spokeswoman Kristina Adamski. 'We are committed to continuing to improve competitiveness and to invest where it makes the best sense for our business.' The announcement came as Ford and the other two large US...
-
Ford Motor Co. says the 2016 F-150 pickup will be available with a 5.0-liter V8 engine that can run on compressed natural gas or propane, part of a growing lineup of CNG vehicles from the Dearborn, Mich.-based automaker. Ford’s commercial vehicle customers, in particular, have been asking for more trucks and vans that can run on compressed natural gas because it lowers their fleet operating costs and reduces greenhouse gas emissions. CNG sells for an average of $2.11 per gallon of gasoline equivalent, as of April 30, 2015, and is as low as $1 in some parts of the country,...
-
DEARBORN, Mich. – A former contractor for Ford Motor Company has filed a religious discrimination complaint, alleging that he was fired for speaking against the company’s support of homosexuality. Thomas Banks has worked as a design and release engineer for Ford since 2011—that is until last August when he was fired on an accusation that he had violated the company’s “anti-harassment” policy for responding to an email employee newsletter from the company. The newsletter contained an article regarding the 20th anniversary of Ford’s Gay, Lesbian Or Bisexual Employees advocacy group (GLOBE). Banks replied with a comment to express disagreement.
-
DETROIT, MI, February 4, 2015 (LifeSiteNews.com) -- A former contractor with Ford Motor Company has sued, saying the auto giant and contracting firm RGBSI violated his civil rights when he was fired for his religious opposition to same-sex "marriage."In a complaint filed with the Equal Employment Opportunity Commission and provided to LifeSiteNews, Thomas Banks said that he was fired after commenting on Ford's policy related to same-sex relationships. According to Banks, Ford invited employees to comment on the policy, which Banks -- who was an employee of RGBSI at the time -- did.Within two weeks, Banks had met with a...
-
Nearly 100 workers at Ford's Chicago Assembly Plant got a robocall on Halloween telling them their services were no longer needed and they were terminated. It wasn't a trick or a morbid prank. Dozens of workers missed the call or didn't believe it, so they showed up to work Saturday anyway, according to an autoworker who wished to remain anonymous. They found their ID badges had been disabled and were told by security they had been fired. "As part of our normal business process, we've temporarily adjusted our workforce numbers at Chicago Assembly Plant," Ford Motor Co. said in a...
|
|
|