Ford to build the Focus in China instead of Mexico

Photos Surface Of The 2019 Ford Focus Interior: Spy Shots

Given dwindling overall USA demand for small cars such as the Focus, "we thought this was the best balance of that cost/capital tradeoff", Hinrichs said.

America's auto giant Ford company announced on Tuesday it plans to move its Focus production to China in 2019.

Ford said the MI plant that now produces the Focus will be retooled to make a pickup truck and SUV models, so no hourly jobs will be lost by moving production of the Focus to China. Ford will trim about $500 million in costs by shifting production to China, adding to the $500 million already saved from canceling construction of a small-car factory in Mexico earlier this year. U.S. Focus sales were down 20 percent through May, hurt by low gas prices and consumer preference for SUVs.

Joe Hinrichs, an executive vice president at Ford, said the savings from the move to China would allow the firm to invest in parts of the business that are growing, such as SUVs, electric cars and others. When it opened its sixth assembly plant in China back in 2015, Ford said it could build 1.4 million vehicles a year in the country.

He also stressed that Ford will export more vehicles to China than it imports.

"Any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the USA without retribution or outcome, is WRONG!" The Wayne plant will begin building a new Ranger midsize truck in late 2018 and a Bronco midsize SUV in 2020.

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Ford's savings will come from canceling plans to assemble the vehicle at an existing factory in Mexico and a decision made in January to abort construction of a plant in Mexico.

"Since the announcement, Commerce Secretary Wilbur oss" said once the president's policies take place more companies will stay in the U.S. Production of the current North American Focus at the Michigan Assembly Plant continues through mid-2018.

The White House offered a tame response compared to Trump's past statements on Ford and China.

Ford slipped 0.4 percent to $11.19 as of 10:46 a.m.in NY trading.

Mr Hinrichs said "the capital saving outweighs the risk" of having to pay a potential border tax, or import tax, on the Chinese-built Focus.

General Motors Co has been exporting Buick and Cadillac cars from China to the United States, as has Volvo Cars, a unit of Chinese automaker Geely.

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