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Posts Tagged ‘mexico auto’

FCA Investing $1b, as Ram HD Pickup Moved From Mexico to Michigan

Move to create 2,500 new jobs.

by on Jan.12, 2018

Like its competitors, FCA has been pushing rapidly up-market with its pickups, the 2018 Ram 2500 Tungsten model shown here.

Fiat Chrysler Automobiles plans to invest $1 billion in a suburban Detroit assembly plant that will take over production of the Ram heavy-duty pickup in 2020. The truck currently is assembled in a Mexican factory that will be “repurposed” for another global product, FCA said.

The shift to the Warren Truck Assembly Plant will result in the creation of 2,500 new U.S. jobs, according to FCA. Separately, the Euro-American automaker announced plans to pay $2,000 bonuses to 60,000 U.S. hourly and salaried employees this coming spring.

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“These announcements reflect our ongoing commitment to our U.S. manufacturing footprint and the dedicated employees who have contributed to FCA’s success,” said FCA Chief Executive Office Sergio Marchionne. “It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly.”


Trump Take Note: Mexican Auto Exports Again on the Rise

Despite presidential push, more coming to U.S. market.

by on May.09, 2017

The Nissan plant in Aguascalientes.

Since launching his presidential campaign, then-candidate Donald Trump has seemingly been at war with Mexico, taking particular aim at that country’s fast-growing auto industry. He called out Ford, in particular, for moving small car production south of the border, and also warned General Motors it could face a big border tax for importing Mexican-made vehicles.

Since January, the new president has frequently pointed to new U.S. automotive investments, while also highlighting Ford’s decision not to build a second plant in Mexico. But a new report from that country’s automotive trade association may be less well-received by the White House.

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Overall, Mexican automotive exports rose 16.1% in April, compared to year-earlier numbers, while production jumped a more modest 3.2%, according to the Mexican Auto Industry Association, or MAIA. For the first four months of the year, meanwhile, total exports jumped 15 percent.


Ford, Toyota to Invest Combined $3.5 Bil in Mexico

Makers join growing list of makers expanding ops South of the Border.

by on Apr.15, 2015

Toyota confirms it will build the next-generation Corolla model at a new plant in Mexico.

Following announcements of major investments in both Mexico and India, Ford Motor Co. is set to make a $2.5 billion bet closer to home. Meanwhile, Toyota Motor Co. has confirmed recent reports that it will invest $1 billion in a new Central Mexican plant to produce its compact Corolla model.

Toyota and Ford will join a growing list of manufacturers either entering or expanding operations in Mexico which is now one of the world’s largest producers of automobiles. That includes carmakers from Europe, Asia and Detroit, as well.

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While Ford is not officially confirming the announcement — stating it “cannot comment on future product or manufacturing plans” – Toyota North American CEO Jim Lentz said the new Corolla plant is part of a “strategic re-thinking of how and where we build our products will create new opportunities for our company, our business partners and our team members across the region.”


Kia Announces $1 billion Mexican Assembly Plant

Factory set to open in 2016; add much-needed production capacity.

by on Aug.28, 2014

The new plant is expected to produce several small models, including a version of the Kia Forte Koup.

Desperate to add more much-needed production capacity, Kia Motors will become the latest automaker to open a new assembly plant in Mexico.

Intended to serve markets up and down the Americas, the $1 billion plant will begin operations in just two years, and will be tooled to eventually build as many as 300,000 vehicles annually. The facility is expected to produce a number of different compact models, according to the Korean carmaker, though it did not identify specific plans yet.

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The factory will become one of a growing list of automotive assembly plants operating in the Spanish-speaking country, Mexico already on target to become the sixth-largest auto-producing nation in the world as makers such as Nissan, Audi and now Kia set up shop or expand existing production facilities.