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Ford to export Focus car from China to U.S. in 2019
Source: Reuters
AUTOS | Tue Jun 20, 2017 | 11:10am EDT
Ford to export Focus car from China to U.S. in 2019
By Paul Lienert and David Shepardson | DETROIT/WASHINGTON
Ford Motor Co (F.N) 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.
The decision also signals a shift in strategy at Ford, which is responding to low fuel prices and to U.S. consumer demand by de-emphasizing small cars while boosting U.S. production of trucks and SUVs.
Ford on Tuesday said it would invest $900 million at its Kentucky truck plant to build the redesigned Ford Expedition and Lincoln Navigator full-size SUVs this fall. It plans to export the Navigator to China and has contingency plans to build more of the big SUVs at an Ohio plant if demand grows.
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Ford to export Focus car from China to U.S. in 2019
By Paul Lienert and David Shepardson | DETROIT/WASHINGTON
Ford Motor Co (F.N) 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.
The decision also signals a shift in strategy at Ford, which is responding to low fuel prices and to U.S. consumer demand by de-emphasizing small cars while boosting U.S. production of trucks and SUVs.
Ford on Tuesday said it would invest $900 million at its Kentucky truck plant to build the redesigned Ford Expedition and Lincoln Navigator full-size SUVs this fall. It plans to export the Navigator to China and has contingency plans to build more of the big SUVs at an Ohio plant if demand grows.
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Read more: http://www.reuters.com/article/us-ford-china-idUSKBN19B1RO