Ford will announce plans early this year to build a new plant in Mexico, Reuters reported Thursday. The $1.5 billion plant will produce 350,000 cars annually and could eventually produce the new Focus after production of that car leaves Ford’s Wayne, Michigan plant in 2018.
Ford didn’t comment on the report.
Reuters said Mexican officials with knowledge of the facility confirmed that the plant would be built in the state of San Luis Potosi.
Investors aren’t necessarily drinking automakers’ Kool-Aid that 2016 will be full of beer and Skittles.
That, the China-made Cadillac CT6 that’ll eventually get here, El Chapo’s cheapo getaway car and General Motors’ questions get down and dirty … after the break!
It certainly sounds like Ford is close to selling a self-driving Fusion real soon.
That, Matthias Müller finally comes to the U.S. to ask “You mad, bro?” Nissan has no love for Takata, and business is hot south of the border … after the break!
General Motors CEO Mary Barra will be the automaker’s first female chairwoman of their board of directors, the automaker said Monday.
Barra takes over for Tim Solso, who will remain on the board.
Barra took over as CEO two years ago and is GM’s first female CEO. When Barra took over as CEO in January 2014, the automaker split the role of CEO and chairman following Dan Akerson’s departure.
Fiat Chrysler Automobiles chief Sergio Marchionne told Bloomberg on Monday that his company likely wouldn’t merge with another automaker before his tenure is up in 2018.
The chief executive publicly courted General Motors in 2015 to merge two of the Big Three. GM CEO Mary Barra publicly refuted that partnership, and Marchionne seems to have gotten the hint.
“I met Mary Barra less than a month ago in Washington,” Marchionne told Bloomberg. “I don’t think I will have another coffee with her. It won’t happen again in the future.”
“What do I gotta do to get you to drive out of here in a brand-new 2016 Chevrolet Malibu today?”
That, Ford and Google are moving to the country, Hyundai halts in China and Volvo’s wagon spied in some guy’s garage … after the break! Read More >
Where do you end up if you’re the former CEO of a company guilty of cheating diesel emissions tests, the fallout of which wipes out billions of dollars of value from said company? Business Insider’s “The 15 biggest career crashes of 2015” list, of course.
That, and Nissan prices the new Sentra, oil is still on a well-lubricated downhill slide, Jeep is now online in India, and more … after the break!
A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers.
That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a super mullet El Camino, and Manny, Moe and Jack … after the break!
From DNF to DNS, the Nissan GT-R LM project has finally been retired.
That, and it’s lights out for some Crown Vics, the UAW just wants to talk, Hyundai will spend more to lend more, and more … after the break.
Who would have known that one of the largest parts supply recalls in U.S. history could poison the well for the rest of your business?
That, and Jeep needs you to keep it dry for a minute, Porsche pulls another player from Volkswagen’s bench and how big does Magna International’s yacht need to be anyway, after the jump.
If recent reports that you may soon be able to hop a flight from Miami to Havana, Cuba have you scrambling for your passport to spy Che’s Chevrolet and Fidel’s Oldsmobile, tranquilo.
According to Reuters, although commercial airlines in the U.S. may resume service to Cuba after a 54-year blackout, travelers to the island country still need to fall within 12 different criteria to enter the country, and “car watching” isn’t specifically one of them.
Journalists, humanitarians, doctors and people named Tom Morello still get to go.
According to a report last week from Japan’s Nikkei, the Mitsubishi Montero — known as the Pajero in other global markets — is totally, completely, and utterly dead. Mitsubishi will instead focus on crossovers and electrification going forward.
Mitsubishi had teased “The Return of a Legend” earlier this year before the Chicago Auto Show, which many in the automotive press — including TTAC — thought might be a replacement for the flagship SUV. The automaker showed instead its Mitsubishi Concept GC-PHEV.
According to the Nikkei report, Mitsubishi has all but stopped development on a new Montero/Pajero. The large SUV was last redesigned for the 2006 model year, but that generation didn’t make it to the United States.
Toyota announced Wednesday it would lower its global sales goal for the 2016 Prius in light of low fuel prices curbing sales of fuel-efficent vehicles.
According to Reuters, Toyota’s new target is to move an annual average of 300,000 to 350,000 Prii out of the lot around the world, compared to the 300,000 to 400,000 annual sales average sought for the outgoing model. A company representative said a decline in global sales of the hybrid since 2013 was one of the reasons behind Toyota’s decision.
According to a report by Bild am Sonntag (via Reuters), Volkswagen’s third largest shareholder, the Qatar Investment Authority (QIA), wants trade unions to have less influence in what happens at the automaker amid Volkswagen’s ongoing emissions scandal.
QIA, which owns 17 percent of Volkswagen, is said to use a meeting scheduled today with automaker CEO Matthias Müller to “demand a scaling back of the role of the works council,” reported Reuters.
Volkswagen representatives denied the report, stating, “Co-determination (joint decision-making by corporate and labor representatives) and the (role of the) works council were not on the agenda of the talks.”
Buick announced Friday that it will bring from China the Buick Envision to sell in the U.S. next summer, two years after that car was introduced overseas, and that it will be the first Chinese-made car from a domestic manufacturer.
Automotive News reported that the small crossover would go on sale sometime around August, earlier than expected from initial reports last month.
When it goes on sale, the Envision will be powered by a 2-liter turbocharged four that makes 252 horsepower and will only be offered in all-wheel drive to start. The model will be bookended by the subcompact-sized Encore and full-size Enclave and fill a substantial need for the premium automaker. Read More >
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