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Posts Tagged ‘Ford Trump’

Toyota Scaling Back New Mexican Plant

Move driven by demand, not politics, automaker says.

by on Oct.26, 2017

Under the revised plan, Toyota will produce only the Tacoma at the new Mexican plant.

Toyota is scaling back by nearly a third its investment in a new plant in Mexico that will build some of its compact Tacoma pickup trucks, the Japanese automaker has confirmed.

The factory was originally set to cost $1 billion, a figure that will now be scaled back to $700 million. Production of Toyota’s Corolla sedan, which also was to go into the plant in Guanajuato, will now be moved to a new factory Toyota is setting up in the U.S.

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The decision comes at a time when President Donald Trump has been leaning hard on automakers to boost U.S. production and, in particular, move operations out of Mexico. But several Toyota executives stressed that the shift in production was not motivated by political pressure.

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Weak Auto Sales Lead to New Ford Layoffs

Maker temporarily idles 130 workers at Ohio F-Series plant.

by on May.05, 2017

A Ford F-450 Super Duty pickup.

Ford Motor Co. will temporarily drop a shift at a pickup plant in Ohio due to slowing sales, a move that will idle 130 hourly workers.

The move comes at a time when U.S. motor vehicle sales have begun to slow after seven years of growth – and three consecutive annual sales records. Ford has been particularly hard hit by the slowdown in recent months.

The Last Word!

Automakers have become increasingly worried about a broader slowdown of the U.S. economy, especially in sectors that might impact sales of commercial trucks, such as the medium-duty pickups assembled at the Avon Lake, Ohio facility hit by the Ford cutback.

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Ford Reveals $1.2B Investment in 3 Michigan Plants

Project in the works for some time, but automaker hails pro-growth environment.

by on Mar.28, 2017

A worker on the line at Ford's Michigan Assembly Plant. It will soon be building trucks.

Ford Motor Co. will invest $1.2 billion in three Michigan facilities, the automaker announced Tuesday, a move signaled overnight through a tweet from Pres. Donald Trump.

The three projects the package covers will help save and, in some cases add, thousands of jobs in the suburban Detroit region, in line with one of the president’s priorities. But a senior executive from Ford told TheDetroitBureau.com that all three projects were in the works well before Trump took office – the largest, involving an $850 million assembly plant investment, approved as part of a deal with the United Auto Workers Union in 2015.

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The announcement is “consistent with what we announced previously,” said Joe Hinrichs, Ford’s President of the Americas, though he quickly stressed that Ford is “encouraged by the pro-growth approach the administration is trying to follow. We continue to be encouraged by the dialogue.”

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Trump Tweets About $1B Ford Plant Plan

Project actually in the works since 2015.

by on Mar.28, 2017

Ford finally confirmed in January it will bring back the Bronco (a concept version shown here).

Ford Motor Co. is expected to announce today that it will spend over $1 billion to expand and upgrade three plants in Michigan, an expansive program highlighted overnight in a tweet from President Donald Trump and detailed in a story in a local Detroit paper.

According to the Detroit News, however, the largest portion of that project involves an investment at the Michigan Assembly Plant in the Detroit suburb of Wayne, Michigan and was in the works well before the businessman-turned politician was elected president last year. The other investments are expected to support work at that plant.

Inside News!

As a candidate, Trump frequently criticized Ford over its decision to move small car production to Mexico, warning that he would take steps, as president, to penalize the automaker, including an import tax on Mexican-made vehicles. In January, however, Trump hailed Ford’s announcement that it was canceling a second Mexican plant – even though it was still going ahead with plans to move the compact Focus model to Mexico.

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Ford Joins Increasing Chorus Condemning Trump Immigration Order

“We do not support this policy.”

by on Jan.30, 2017

Ford Chairman Bill Ford is one of the latest to criticize Trump's immigration plan.

With protests continuing around the country in response to Pres. Donald Trump’s Executive Order on immigration and travel, the U.S. business community is being drawn into the fray, Ford Motor Co. among the latest companies to take a stand.

The second-largest domestic automaker issued a statement Monday morning cosigned by Chairman Bill Ford and CEO Mark Fields declaring, “Respect for all people is a core value of Ford Motor Company, and we are proud of the rich diversity of our company here at home and around the world. That is why we do not support this policy or any other that goes against our values as a company.”

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Demonstrations were underway at more than 30 U.S. airports over the weekend to protest restrictions placed largely on Mideasterners of the Islamic faith. But while it is typically rare for the business community to be brought into such political turmoil, the latest fracas touched off by the inauguration of Trump has left fewer and fewer on the sidelines.

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“We Will Adapt,” Says Nissan CEO, as Trump Attacks Rival Toyota for Mexican Imports

Automakers waiting to see what is beyond the incoming president’s tweets.

by on Jan.06, 2017

"We are pragmatic," said Nissan's Ghosn.

Nissan is taking a “pragmatic” approach to dealing with a new president who may move to block automotive imports from Mexico, CEO Carlos Ghosn told TheDetroitBureau.com during a discussion at the annual Consumer Electronics Show in Las Vegas.

Ghosn’s comments came shortly after President-elect Donald Trump attacked Toyota in the latest in a series of tweets criticizing automakers who import vehicles into the U.S. from Mexico. That move sent the stock of the largest of the Japanese automakers tumbling. Nissan is the best-selling automaker in Mexico and has major assembly operations there supplying the U.S. and numerous other markets.

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“We are pragmatic,” said Ghosn, who also serves as CEO of Nissan’s French alliance partner Renault. “We will adapt.”

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Ford Slashes Production Levels Again

Maker looking to reconcile supply and demand.

by on Oct.18, 2016

Ford plans to shut down the F-150 line at the Kansas City assembly plant as part of a plan to shrink inventory levels.

Ford Motor Co. is moving to trim production of its pickups and sport-utility vehicles as flagging sales in recent months have the maker scrambling to match demand and supply. The company’s sales were off 7.7% in September.

The automaker said it will temporarily close four assembly plants, including two in the U.S. and two in Mexico, as part of what it describes as an effort to meet year-end inventory targets.

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The four plants slated to shut down include the Kansas City assembly plant that builds the F-150 and an assembly line in Louisville, Kentucky, where Ford builds the Escape. (more…)

Ford Moving All Small Car Production to Mexico

Move could expand trade debate during presidential race.

by on Sep.14, 2016

Ford's compact Focus is one of the small passenger car models moving to Mexico.

Ford Motor Co. will transfer all of its small car production from the U.S. to Mexico, a move that follows on earlier plans to shift production of several passenger car models currently produced at a suburban Detroit plant.

The move is likely to raise the ire of union workers, though investors appear to back the decision to trim production costs. The announcement also is likely to play into the ongoing presidential election, Ford already taking heat from GOP nominee Donald Trump for its earlier production decision.

Over the next 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 automotive analysts during a conference hosted by the carmaker at its headquarters in the Detroit suburb of Dearborn.

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Ford Plowing $1.6B into Michigan, Ohio Plants

Investment focuses on profitable trucks and components.

by on Apr.26, 2016

Ford moved production of its F-650 and F-750 from Mexico to Ohio. It's spending nearly $200 million on the plant for the trucks.

Ford Motor Co. announced plans to spend $1.6 billion to upgrade factories in Michigan and Ohio, saying the new investment will create as many as 650 new jobs.

The announcement comes as Donald Trump, who has used Ford as a punching bag during his campaign, moves closer to the Republican nomination for President. Trump has repeatedly attacked Ford over its plans to invest in a new plant in Mexico and in several speeches has said it wouldn’t happen if he were president.

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Ford CEO Mark Fields said last month in New York Ford is a global company that invests in markets around the world. However, overall Ford’s efforts to correct the record have been relatively ineffective in the face of attacks from Trump. (more…)