Corrected - Exclusive: Ford to base Fusion production in China - sources | Reuters

(Reuters) - Ford Motor Co (F.N) plans to consolidate global production of midsize sedans in China in 2020, three sources said on Wednesday. The Ford Motor Company logo is pictured at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017

Reuters December 14, 2017 03:45:17 IST
Corrected - Exclusive: Ford to base Fusion production in China - sources | Reuters

Corrected  Exclusive Ford to base Fusion production in China  sources  Reuters(Reuters) - Ford Motor Co (F.N) plans to consolidate global production of midsize sedans in China in 2020, three sources said on Wednesday. The Ford Motor Company logo is pictured at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike BlakeIn North America, the Fusion sedan currently is built in Hermosillo, Mexico, while in Europe, the companion Mondeo sedan is built in Valencia, Spain. Both models are expected to be redesigned in mid to late 2020, when Ford plans to shift their production to Chongqing, to a joint-venture plant operated with Ford’s Chinese partner Changan Automobile Co (000625.SZ), according to sources connected to Ford’s component suppliers who are familiar with the automaker’s future production plans. A Ford of Mexico spokesperson declined to comment. The move is part of Chief Executive Officer Jim Hackett’s ongoing effort to reduce inefficiency and trim costs, while shifting the company’s emphasis away from sedans toward sport utility and crossover vehicles, especially in North America. Ford in June said it would shift some production of its Focus small car from Mexico to China and import the vehicles to the United States. Ford’s latest moves could blunt U.S. President Donald Trump’s threats to repeal or revamp the North American Free Trade Agreement. As with the Focus move, the decision to build the Fusion in China also signals a shift in strategy at Ford, which is responding to dwindling U.S. consumer demand for passenger cars in favour of more expensive and more profitable trucks and SUVs. Last week, Ford said it plans to relocate production of a future battery electric vehicle to Cuatitlan, Mexico in 2020 to free up capacity at its Flat Rock, Michigan, plant to build self-driving vehicles in 2021. (This version of the story corrects headline, first and eighth paragraphs to show that Ford does not plan to import China-made vehicles to United States)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Greek police clash with protesters in rally against mandatory vaccinations
World

Greek police clash with protesters in rally against mandatory vaccinations

ATHENS (Reuters) - Greek police used teargas and water cannon to disperse people who had gathered in central Athens on Saturday to protest against mandatory COVID-19 vaccinations. More than 4,000 people rallied outside the Greek parliament for a third time this month to oppose mandatory inoculations for some workers, such as healthcare and nursing staff.

Two Turkish soldiers killed in attack in northern Syria
World

Two Turkish soldiers killed in attack in northern Syria

ISTANBUL (Reuters) - Two Turkish soldiers were killed and two were wounded in an attack on their armoured vehicle in northern Syria, and Turkish forces immediately launched retaliatory fire, Turkey's defence ministry said on Saturday. "Our punitive fire against terrorist positions is continuing," the statement on Twitter on said. It did not specify where the attack occurred, but media reports said it was in the al-Bab area.

Brazilians take to streets again to demand Bolsonaro's impeachment
World

Brazilians take to streets again to demand Bolsonaro's impeachment

By Marcelo Rochabrun SAO PAULO (Reuters) - Protesters took to the streets in several Brazilian cities on Saturday to demand the impeachment of far-right President Jair Bolsonaro, whose popularity has fallen in recent weeks amid corruption scandals against the backdrop of the pandemic. This week, news broke that Brazil's defense ministry told congressional leadership that next year's elections would not take place without amending the country's electronic voting system to include a paper trail of each vote. Bolsonaro has suggested several times without evidence that the current system is prone to fraud, allegations that Brazil's government has denied