Science

Ford Abandons Plan For $1.6 Billion Mexico Factory

Ford Abandons Plan For $1.6 Billion Mexico Factory

Ford Motor Company will reverse its plan to invest $1.6 billion in Mexico and instead spend the money in the U.S. Ford will however proceed with plans to build the new Ford Focus at an existing plant in Hermosillo, Mexico. $700 million of that cash will go toward improving its Flat Rock, Michigan plant over the next four years, which is a significant investment.

It did not say how many jobs were planned for the now-canceled plant in San Luis Potosi, Mexico.

The $1.6 billion plant Ford cancelled in Mexico had been expected to be the site at which the company would assemble its next-generation Ford Focus starting in 2018.

In a deal with the industry, the Obama administration won support for stiffened Corporate Average Fuel Economy (CAFE) standards, but automakers are now hoping for loosened standards under Trump.

Ford said the change of plans would safeguard 3,5000 U.S.jobs.

GM said that it makes the sedan model of its Chevy Cruze in the U.S. and that all of those sold in the USA were made at a plant in Ohio.

But Ford's CEO said their decision to pull out of Mexico was due to a "lack of demand" for small cars, rather than political pressure.

Officials To Discuss Security Measures For Times Square New Year's Eve Celebration
The custom-designed crystal triangles are built by Waterford artisans to withstand high winds, rain and cold weather. An estimated 1 million will gather in New York City's Times for the New Year's Eve ball drop to countdown to 2017.

Trump has repeatedly assailed the North American Free Trade Agreement for speeding the transfer of us automotive production to Mexico.

High-level sources in Ford told NBC News that Trump had nothing to do with the company's decision to expand US production and hire more employees. About 4,500 of them were hatchbacks imported from Mexico (which also exports Chevy Cruze hatchbacks to other markets).

'General Motors is sending Mexican made model of Chevy Cruze to USA vehicle dealers-tax free across border. "We did it for our business", Fields told CNN's Poppy Harlow in an exclusive interview Tuesday.

"Equally, Mexico reaffirms its stance regarding an effort to modernise the North American Free Trade Agreement (NAFTA) that strengthens the competitive capacities of North America and of each of its members", it said.

The announcement also highlighted the importance of hybrid and electric vehicles to Ford, which revealed it would produce hybrid versions of its popular Mustang sports auto and F-150 pickup truck by 2020.

Employees will build an 'all-new small utility vehicle with extended battery range, ' Ford said, as well at the Mustang and Lincoln Continental.

Industry group Center for Automotive Research estimated in an August 2016 report that vehicles produced in Mexico are comprised of up of up to 40% US -made content, with USA exports of parts and components to Mexico more than doubling between 2005 and 2014 to a level of $18.4 billion.


  • Van Gerwen eyeing the final prize

    Van Gerwen eyeing the final prize

    It was not long before it was 4-2 and 5-2 and though Anderson reduced the arrears, Van Gerwen won it with his 85 on the bull. MVG subsequently lost momentum with Anderson taking advantage bt he got back on track to take the win.

    Trump's incoming spokesman questions Obama response to alleged Russian hacking

    Russian diplomats who were expelled by Obama left Washington on Sunday, Russian news agencies reported , citing Russia's embassy. According to Fox News , Obama has maintained that the investigation into the hacking is not politically motivated.
    Takata, DOJ nearing early 2017 settlement of criminal case

    Takata, DOJ nearing early 2017 settlement of criminal case

    Department of Justice that will see it pay anywhere near $1 billion dollars in compensation for its products' wrongdoings. Takata is edging towards a settlement with federal prosecutors that could cost the airbag manufacturer $1 billion.
  • Cotton Bowl: 5 NFL Draft Prospects to Watch

    Cotton Bowl: 5 NFL Draft Prospects to Watch

    Western Michigan finished the season with a program-best 13-1 record, while Wisconsin ended the year 11-3 overall. Clement's touchdown particularly highlighted how well the Badgers offensive line blocked early in the game.
    Japan Defence Minister visits Yasukuni war shrine

    Japan Defence Minister visits Yasukuni war shrine

    As an MP she had made the trip every 15 August - the anniversary of Japan's wartime defeat - between 2006 and 2015. This was Inada's first homage since becoming minister in the summer, but she is a regular visitor.
    U.S.  astronomer and dark matter pioneer Vera Rubin dies at 88

    U.S. astronomer and dark matter pioneer Vera Rubin dies at 88

    Chanda Prescod-Weinstein tweeted that Rubin "treated her like a scientist" and "no one had ever asked what I thought before". This "dark" matter is now known to make up 27 percent of the universe , and a staggering 85 percent of the universe's mass.
  • Texas Judge Issues Nationwide Injunction on Federal Transgender Health Mandate

    Texas Judge Issues Nationwide Injunction on Federal Transgender Health Mandate

    The injunction was approved Saturday, just one day before the new policy was to take effect. That injunction followed a May letter from U.S.
    Flu cases on the rise in Wisconsin; seniors especially affected

    Flu cases on the rise in Wisconsin; seniors especially affected

    The Centers for Disease Control and Prevention reported that the flu causes more than 200,000 hospitalization every year. The New York Department of Health recommends everyone six months and older to get a flu vaccination.

    Petersburg Bowl Highlights: Miami (OH) vs Mississippi State

    The Bulldogs punctuated their next drive with a 44-yard Fitzgerald run for a touchdown to trim the RedHawks' lead to 16-14. Ragland then found Gardner once again for a 6-yard touchdown in the corner of the endzone, to give Miami a 9-0 lead.
  • Donald Trump sends New Year wishes to all, even his 'many enemies'

    Donald Trump sends New Year wishes to all, even his 'many enemies'

    When asked what, specifically, he knew about the situation that others did not, he said he would reveal that next week. With the arrival of 2017, another New Year's message moved on Trump's Twitter account at about midnight.
    George Michael was unrecognizable before death

    George Michael was unrecognizable before death

    In January 1989, George Michael accepted one of his three American Music Awards during ceremonies in Los Angeles. That was also year the American sitcom Will & Grace went on the air, which featured a gay lead character.
    Ronda Rousey arrives in Vegas for UFC 207 Title Fight

    Ronda Rousey arrives in Vegas for UFC 207 Title Fight

    Some people might be, but pretty much everyone is here to watch Ronda fight, so we're basically getting paid because of her. ET on Fox Sports 1, with the five-fight main card airing live on pay-per-view at 10 p.m.