Friday, 25 September 2020

Ford Reverses Plan, Announces Move to Mexico for Production of Electric Cars

Ford Motor Company has announced its line of electric cars will be assembled in Mexico rather than in its factory in Flat Rock, Michigan as originally planned. Operations will begin in 2020 in Cuatitlán, Mexico State.

The company had initially said it would build the electric cars in Flat Rock with plans to put the product on the market by 2021, but a change in company strategy moved the operations to Mexico a year earlier than expected. (Ford Assured)

The company had initially said it would build the electric cars in Flat Rock with plans to put the product on the market by 2021, but a change in company strategy moved the operations to Mexico a year earlier than expected. The company’s factories in Detroit will also reportedly become a hub for autonomous automobiles manufacturers.

The electric and autonomous projects are projected to involve US $ 700 million-worth of investments. President Donald Trump originally celebrated the news on his Twitter account before the plans were eventually changed.

- paying the bills -

Ford will reportedly maintain production of its Fiesta model at the plant located in Cuautitlán Izcali, Mexico where, in addition to manufacturing, imported cars come in from the United States.

Ford has also announced that, starting in 2025, it will sell more than 50 new car models in China — 15 of which will be electric — as part of a restructuring of their businesses. Ford executives made the announcement in Shanghai, and comes at a time when the company continues to struggle with its small share of what is considered the largest automobile market in the world.

Ford’s decision is good news for Mexico, as its relationship with the United States remains uncertain amid tenuous renegotiation efforts for the North American Free Trade Agreement (NAFTA).

 

- paying the bills -
- paying the bills -
Q Costa Rica
Q Costa Rica
Reports by QCR staff

Related Articles

Indigenous Mexicans turn inward to survive COVID-19, barricading villages and growing their own food

Zapotec farmers return from their ‘milpa,’ the garden plots that provide...

Latin America current epidemic battleground

Latin America is becoming the epicenter battleground for the Covid-19 pandemic,...

MOST READ

A Tarnished Peace in Latin America

It is with pride that we speak of peace in Latin America The long civil war in Colombia has been settled after twenty years...

Making the IMF happy!

In this caricature by Crhoy.com, we see President Carlos Alvarado tipping the scales to please the International Monetary Fund (IMF) at the expense of...

Seven people die in a collision with a police car in Cartago

(QCOSTARICA) A collision between a Fuerza Publica (police) patrol and a microvan, left seven people dead. The fatal accident occurred late Wednesday night in Caballo...

COVID-19 Costa Rica: 1,370 new cases and 21 deaths for Sept 23

(QCOSTARICA) For Wednesday, September 23, the Ministry of Health reported 1,370 new cases of COVID-19, of which 228 are by epidemiological link and 1,142...

12 years in jail for minor for participating in murder of Karolay Serrano

(QCOSTARICA) The cry for justice for the murder of Karolay Serrano Cordero, 26, was heard Monday afternoon, September 21, in the courts of Heredia,...

Ebais technicians will be going door to door to try to contain the pandemic

(QCOSTARICA) Going door to door, almost 1,500 primary care technicians working in Ebáis clinics across the country will return to the streets, in an...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.