Ford to export next Focus from China to USA in 2019: executive

Photos Surface Of The 2019 Ford Focus Interior: Spy Shots

Photos Surface Of The 2019 Ford Focus Interior: Spy Shots

By importing its small Ford Focus vehicle from China in 2019, Ford Motor Company plans to save up to $1 billion (897 million euro), including $500 billion from the decision to cancel plans for a brand new plant in Mexico.

"Ford is saving $1 billion in investment costs versus its original Focus production plan", the automaker added, noting that the new move will double the $500 million savings from canceling plans for an all-new manufacturing plant in Mexico, announced earlier this year.

US sales of the Focus were down 20% through May, hurt by low gas prices and consumer preference preference for SUVS.

ConAgra Foods Inc. (CAG) Position Held by Guyasuta Investment Advisors Inc
Trexquant Invest LP stated it has 93,300 shares or 0.58% of all its holdings. 1,000 are owned by Mondrian Invest Partners Limited. The institutional investor owned 1,110,500 shares of the company's stock after selling 6,500 shares during the period.

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.

No U.S.jobs will be affected by shifting Focus production to China, Ford said, adding that it employs more U.S. hourly workers and builds more vehicles in the United States than any other automaker. Ford wants to make room for larger, more profitable vehicles at the MI plant, which employs 3,600.

The Focus has been bounced around over the last few months as Ford tried to squeeze some profits from the ailing small vehicle segment.

UK Parliament to open on June 21, following election delay
Later, May will hold talks with French President Emmanuel Macron , including looking at ways to tackle online radicalisation and terrorism.

The Michigan plant will start producing the Ranger pickup truck in late 2018 and Bronco SUV in 2020. 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 comes as auto sales continue to fall in the US and as uncertainty grows over the automotive industry in Mexico with negotiations set be begin later this year on restructuring the North American Free Trade Agreement.

Ford already manufactures the Focus model for Chinese consumers, but imports to the United States will begin for the first time. Volvo Cars made the move in 2015.

Apple seeks to void patent claims, fees in Qualcomm dispute
Specifically, Apple claims that Qualcomm's practice of charging a license fee for every iPhone manufactured is invalid. It said it was prepared to pay a fair royalty fee but doesn't believe the current terms are reasonable.

Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts.

Recommended News

  • Steve Scalise celebrates Father's Day in wake of shooting

    Steve Scalise celebrates Father's Day in wake of shooting

    Although Scalise was able to talk on the ballfield, by the time he was transported by helicopter to the hospital, he was in shock. Trump, in a video message played at the game, said the event had "a much deeper level of meaning" because of the shooting.
    Egypt army says 12 militants killed in North Sinai

    Egypt army says 12 militants killed in North Sinai

    Police attempted to arrest the militants, the ministry said in a statement, but they shot at the force leading to a firefight. Egypt's army and police have been fighting an insurgency in parts of North Sinai for the past few years.

    Bayern Munich deny interest in Ronaldo

    Ronaldo isn't happy about the Spanish authorities' intention to prosecute him for allegedly evading €12 million's worth in taxes. Madrid's state prosecutor has alleged Ronaldo used an offshore company to hide a portion of his income from the tax office.
  • Residents near Grenfell Tower told they face three weeks without mains water

    Residents near Grenfell Tower told they face three weeks without mains water

    The nation fell silent at 11am to remember those who perished in last week's Grenfell Tower disaster, as the death toll reached 79.
    Patty Jenkins not yet signed on to direct Wonder Woman sequel

    Patty Jenkins not yet signed on to direct Wonder Woman sequel

    Now Gal has taken to social media to express her profound gratitude to fans for turning Wonder Woman into such a huge success. It's said a one-picture deal is the norm for WB signing a director to take on a big-budget movie for the first time.
    Syria: Australia suspends air operations as conflict escalates

    Syria: Australia suspends air operations as conflict escalates

    The missile attack came amid recent confrontations in Syria between USA -backed forces and Iranian-backed pro-government factions. The Syrian army said its warplane was on a mission against ISIS when its fire opened, broadcasting state-run television.
  • Vast Wildfire Kills 57 in Portugal

    Vast Wildfire Kills 57 in Portugal

    Nearly 24 hours after the deaths on Saturday night, fires were still churning across the forested hillsides of central Portugal . The wildfire raged across central Portugal , with authorities saying 61 have been killed so far and 59 more injured.
    HRW: fifty years of human rights violations in West Bank

    HRW: fifty years of human rights violations in West Bank

    The Anti-Defamation League (ADL) criticized Guterres's "incomplete and misleading" comments, saying the Six-Day War anniversary "cannot be viewed in a vacuum".
    Ram Nath Kovind quits as Bihar governor

    Ram Nath Kovind quits as Bihar governor

    It instead said the Sena will take a "final decision" on Kovind in the meeting of its party leaders scheduled here Tuesday. Ram Nath Kovind , who was nominated as NDA's presidential candidate on Monday, has resigned as the Governor of Bihar .
  • Apache Corp (APA) Position Raised by Gibraltar Capital Management Inc

    Security Comml Bank Of Sioux City Iowa Ia invested in 1.41% or 21,306 shares. 4,512 are held by Lombard Odier Asset (Europe) Ltd. The stock of Apache Corporation (NYSE: APA ) has "Sector Perform" rating given on Thursday, May 26 by iBERIA Capital Partners.

    Adele Visits London Firefighters Who Fought Grenfell Tower Blaze

    Tens of people died when a fire engulfed an high-rise apartment block in west London last week. An additonal 70 people are reportedly missing.

    Nation pauses to remember Grenfell victims as death toll climbs to 79

    After a church ceremony to pay respect to those who died in the fire, London mayor Sadiq Khan said he found "a community frustrated and angry".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.