Keyword: ford
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DETROIT – The Bronco is back! And so is the Ranger. Ford announced on Monday at the Detroit Auto Show that it will launch a new Ranger small pickup in 2019, followed by a Bronco SUV based on it in 2020. The news comes several months after the plans were unofficially revealed through comments made by UAW workers who will be building the trucks at Ford’s Michigan assembly plant -- home to the original Bronco from 1966-1986. That's not all: Ford F-150 Diesel coming in 2018 The factory was at the center of controversy recently when President-elect Donald Trump criticized...
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VILLA DE REYES, Mexico (AP) -- Word spread quickly through cellphone messages and shouts between co-workers that Ford Motor Co. had canceled its new $1.6 billion car plant at its sprawling 700-acre high desert site in north-central Mexico. "When I saw it on the phone, (I thought), 'Well, no, it can't be,'" said Higinio Salazar, a security guard who spent the past five months logging traffic into and out of the site and hoped to have steady work for months to come. "It was on orders of Mr. Trump," he said bitterly....
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"Mexico loses thousands of jobs with no word on a clear strategy for confronting the next U.S. government which has presented itself as protectionist and, especially, anti-Mexican," the paper wrote. "Trump will try to recover as many U.S. companies that have set up in Mexico as possible. He will try to make them return at whatever cost, through threats or using public resources." "Ford's decision is indicative of what awaits the economies of both countries," the daily La Jornada said. "For ours a severe decrease in investment from our neighboring country, and for the U.S. a notable increase in their...
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Ford Motor Company's cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms throughout Mexico. Even as the country is being rocked by rowdy nationwide protests against a Jan. 1 gasoline price hike, the Ford news led the front pages of Mexico's most influential newspapers on Wednesday, and they tied the development directly to President-elect Donald Trump. "Trump leaves Mexico without 3,600 jobs," read the headline on El Universal. "Ford's braking jolts the peso," said Reforma, referring to the Mexican currency's nearly 1 percent slump following the news. "The jobs created in...
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Trade: Ford's decision to build a factory in the U.S. instead of Mexico, saving 700 jobs, is a good thing. But is it because Ford fears what Donald Trump might do to it, or because it thinks the corporate environment will be so much better under Trump than under Obama? And, yes, the answer really matters. Ford's move to invest $700 million in Michigan, creating about 700 new jobs here has created quite a political stir. The new plant, slated for Flat Rock, Mich., will make cutting-edge electric and self-driving cars, which Ford has said will likely outsell traditional cars...
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Mexico "regrets" Ford's decision to scrap the plan to build a plant in the central Mexican state of San Luis Potosi, the Economy Ministry said on Tuesday, adding that it has made sure Ford will reimburse any costs and expenses from the state government to facilitate the now defunct investment. In a surprising statement on Tuesday at 11am ET, in an act of goodwill toward the president-elect, the second largest U.S. automaker said it will scrap the $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico...
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Ford is canceling plans to build a new plant in Mexico. It will invest $700 million in Michigan instead, creating 700 new U.S. jobs. Ford (F) CEO Mark Fields said the investment is a "vote of confidence" in the pro-business environment president-elect Donald Trump is creating. However, he stressed Ford did not do any sort of special deal with Trump. "We didn't cut a deal with Trump. We did it for our business," Fields told CNN's Poppy Harlow in an exclusive interview Tuesday. He said Ford did speak with Trump and vice-president elect Mike Pence this morning. Powered by SmartAsset.com...
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Ford canceling plans for $1.6 billion plant in Mexico, investing $700 million in Michigan expansion instead
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A few years ago, Mark Steyn sagely observed, “In America today, few activities are as profitable as a ‘nonprofit.’” Nothing warrants changing that assessment now. President-elect Trump has a lot on his plate if he plans to turn around the ship of state. But if it’s not too presumptuous, I’d like to add one more item to his agenda: a substantial rewrite of the laws respecting our tax-exempt sector, reining in private foundations.
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Last week, the U.S. Environmental Protection Agency ruled that existing emissions limits for passenger cars for 2022 through 2025 should remain in place. It's a decision that is already opposed by lobbyists representing the auto industry, and possibly by the incoming Trump Administration. Sure enough, one automaker says it has already begun talks with President-elect Donald Trump that include a request for lower emissions targets.
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Ford Motor company CEO, Mark Fields, a staunch Trump opponent during the presidential campaign, now wants the President Elect to help with EPA’s surprise decision to keep long term fuel economy targets in place. A mid-term review of corporate average fuel economy (CAFE) targets set in 2012 kicked off earlier this year, but the timing of the agency’s recent decision to maintain the 54.5 mile-per-gallon goal reeks of politics, Fields claims. For automakers, reaching 54.5 mpg means extra costs. To avoid this, Ford is prepared to turn to its election campaign sparring partner — President-elect Donald Trump — for help.
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<p>Ford Motor Co. is willing to work with Donald Trump to keep jobs in the U.S. if he puts the right policies in place, the automaker’s chief executive officer said.</p>
<p>“We will be very clear in the things we’d like to see,” Mark Fields said in an exclusive interview at Bloomberg offices in Southfield, Michigan. “We’ll continue to advocate for currency-manipulation rules to promote free and fair trade. One of our priorities is making sure fuel-economy standards reflect market realities, tax reform in general we would be very supportive of, and the safe deployment of autonomous vehicles.”</p>
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Despite the fact that Ford Motors is under fire from President-elect Donald Trump for importing cars from Mexico, the company will soon become the first US automaker to import vehicles from India. According to a report in CNN Money, the company has said that EcoSport compact crossover, introduced for the US market at the Los Angeles auto show, will be shipped to US from India starting 2018. The report says that the EcoSport, Ford’s smallest SUV, has been built at its assembly plant in Chennai for more than 100 markets around the world since 2013. About 15 per cent of...
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“DETROIT — Ford Motor Co. had considered moving production of the Lincoln MKC to Mexico, but instead the compact premium crossover will remain at the Louisville Assembly Plant, the automaker confirmed Thursday night. Ford spokeswoman Christin Baker said the Cuautitlan plant was the “likely” new plant for the MKC when the automaker’s deal with the UAW expires in 2019. But now the automaker plans to build the next generation of the MKC in Louisville, Kelli Felker, Ford’s global manufacturing and labor communications manager told Automotive News late Thursday.”
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On Thursday evening, President-elect Donald Trump tweeted that he received a call from Ford chairman Bill Ford indicating that the automaker had chosen not to move an entire plant from Kentucky to Mexico. As many reports rightly indicated, that’s not entirely true. Ford never intended to close and move its Louisville Assembly Plant — to which Trump is referring — to Mexico. The plant currently employs a little more than 4,700 workers. The Detroit-based automaker was only considering moving its Lincoln MKC production — only one of the vehicles manufactured at that plant — to its factory in Cuautitlan, Mexico,...
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Seemingly overlooked amid the simple tweet presented by Donald Trump last evening was the glaringly obvious: the President Elect, after winning the White House, is directly talking to the Chairman of the Ford Motor Company. FULL STOP.Think about it. Big Picture.Donald Trump is focused, intensely focused, on Main Street – not wall street. The era of Main Street, middle-class, American economics becoming the primary interest of economic policy is right now. Do you think President Obama would ever give consideration to calling a captain of American industry, personally?This is not a President-Elect talking to Warren Buffet about Wall Street’s best...
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Bill Ford, the Chairman of Ford Moters, called Donald Trump tonight and said he will be keeing the Lincoln plant in Kentucky- Not Mexico. Trump tweeted the news tonight
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Full twitter text from Donald Trump today: Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky - no Mexico
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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...
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Local 600 UAW Ford is pushing its membership to cast its vote for crooked Hillary Clinton. They are sending out untrue propaganda about Donald J Trump.
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