Hey UAW workers…there’s never been a better time for you to ignore your dyed in the wool Democrat union bosses and save your jobs. If you want a candidate who is committed to keeping jobs in America, you might want to reconsider your blind allegiance to the wife of the NAFTA President…
Ford is shifting all North American small-car production from the U.S. to Mexico, CEO Mark Fields told investors today in Dearborn.
“Over the next two to three years, we will have migrated all of our small-car production to Mexico and out of the United States,” Fields said.
The industry has known for decades that domestic manufacturers struggle to make a profit on small cars. Shifting their assembly to Mexico can reduce costs to a point. But some of these cars are over-engineered.
For example, Field said the current Ford Focus can be ordered in 300 different configurations of options and colors. Ford wants to reduce that to 30, which will make the production process simpler and less expensive.
But Americans prefer larger vehicles, especially pickups and higher-riding SUVs and crossover vehicles for their personal use.
The future of smaller cars in the U.S. may depend on the ability to electrify their powertrains and introduce them to ride-sharing fleets where they can generate revenue from fares paid by multiple riders.
Along those lines, Fields and other Ford executives Wednesday outlined an aggressive plan to invest $4.5 billion over the next four years. These will include new models in segments such as commercial vehicles, trucks, SUVs and performance vehicles.
Ford also reiterated its commitment to developing an autonomous vehicle by 2021. The company believes that autonomous vehicles could account for up to 20% of vehicle sales by 2030. –Detroit FP