|Ford Motor Co. said Tuesday that it would shift most production of its next version of Focus compact cars to China rather than Mexico. The change will save Ford $1 billion in investment costs by allowing Ford to scrap plans for a new plant in San Luis Potosi, Mexico, and spend less money retooling an existing manufacturing facility in China to produce the cars for sale in North America. The current Focus is being phased out at a Wayne, Michigan, plant, which will switch to production of a new Ranger midsize truck late next year and a Bronco SUV in 2020. Ford said the decision, the first major production move since Jim Hackett replaced Mark Fields as CEO of Ford last month, will provide more job security for the Wayne workers, as consumer demand for cars falls and sales of bigger, more profitable vehicles rise.
Source: Detroit Free Press, Reuters