Not wanting to be left out of the flurry of recent U.S. investment announcements from various automakers, General Motors arrived at the party with cash in hand and second thoughts about Mexico.
GM says it will invest an extra $1 billion in its U.S. operations, with the cash covering several new vehicle projects, as well as some advanced technologies and components initiatives. The funding comes hot on the heels of similar announcements from Ford, Fiat Chrysler Automobiles and, just this morning, Hyundai/Kia.
In a nod to the political climate in America, GM will shuffle some outsourced parts production back to U.S. soil. (Read More…)
Hyundai Motor Company and its Kia affiliate are starting off the New Year with a promise to float barges full of cash to U.S. shores.
The automaker has announced a plan to funnel $3.1 billion into its American operations over the next five years, handily killing two birds with one stone. Not only would it (potentially) placate President-elect Donald Trump’s thirst for non-Mexican automotive investment, it would also fix a thorny problem facing Hyundai’s vehicle lineup. (Read More…)
After being warned against producing vehicles in Mexico, German automakers are not scrambling to re-think their production plans.
In an interview with the German publication Bild, President-elect Trump issued a now-familiar warning to the country’s manufacturers — essentially, any vehicles imported into the U.S. from Mexico will face a 35 percent tax.
The Germans, for the most part, aren’t buying it. Meanwhile, the country’s economy minister saw Trump’s remarks as an opportunity to engage in some not-so-friendly automotive ribbing. (Read More…)
Update: Added dealer info, sales background.
Contrary to a statement released two days ago by General Motors, it seems not all Cruze sedans sold in the United States are made in the United States.
According to TTAC alum Ed Niedermeyer, a number of 2017 Chevrolet Cruzes — even those for sale at a dealer in Lordstown, Ohio, where GM manufactures the Cruze in the United States — are Hecho en Mexico.
Tuesday’s surprise announcement by Ford, where it declared plans for a new Mexican assembly plant were as dead as disco, turned up the heat on other automakers.
With President-elect Donald Trump’s campaign promise of a hefty import tax weighing heavily on the minds of auto executives, long-term production plans are being placed in limbo across the industry. (Read More…)
Ford Motor Company CEO Mark Fields didn’t completely walk back the company’s long-range production plans today, but the automaker pull a hard U-turn on one goal.
In a speech at the automaker’s Flat Rock, Michigan assembly plant this morning, Fields said he was “encouraged” by President-elect Donald Trump’s “pro-growth policies.” Because of this, the Blue Oval’s planned $1.6 billion small car plant in Mexico is now off the table. Instead, the automaker will expand and modernize Flat Rock as it brings a slew of promised hybrid and electric vehicles to production. (Read More…)
Updated with statement from General Motors.
It’s not just Ford’s Mexican assembly plants that has President-elect steaming on Twitter.
Donald Trump’s latest online automotive salvo wasn’t directed at the Blue Oval, which was a favorite corporate punching bag during the election campaign. Rather, it was General Motors’ turn to be blasted. (Read More…)
Ford’s Louisville, Kentucky assembly plant will continue to crank out Lincoln MKC crossovers, rather than head down south for a Mexican vacation.
The news, which Ford confirmed after an enthusiastic President-elect Donald Trump tweeted it, means the automaker will need to look elsewhere for more Escapes. It doesn’t, however, mean a factory closing was averted. (Read More…)
There’s something about billions of dollars in investment and carefully planned long-term product strategies that make it hard for an automaker to turn on a dime in the face of a threat.
Ford Motor Company CEO Mark Fields says his company has no plans to reverse course on its goal of boosting production of cars and components in Mexico, even after President-elect Trump’s promise of a 35-percent tariff on vehicles crossing the Rio Grande.
It’s a game of chicken Ford intents to win. (Read More…)
That sound you hear — besides that of pollsters hastily preparing new career paths — is the American automobile industry collectively holding its breath.
Donald Trump’s move from presidential candidate to president-elect, largely the result of disaffected voters in traditional manufacturing hot spots (though a nationwide movement to shake up D.C. can’t be ignored), could spell a tumultuous near future for automakers.
“May you live in interesting times,” the saying goes. How interesting remains to be seen. (Read More…)
After over two decades of uninterrupted production, Nissan’s Mexican division is finally killing off one of the oldest cars currently on the global market — the Tsuru compact sedan. Virtually unchanged since 1992, Mexico manufactured it for 24 years, selling a grand total of 1,849,289 units in that time.
However the re-badged B13 Sentra’s rich history of reliable transportation and status as Mexico’s favorite taxi won’t save it from the axe. This popular little deathtrap has overstayed its welcome. Here’s why the blade needs to fall.
So, there’s an election on, and a certain candidate has made some high-profile, sometimes inflammatory comments about American manufacturing and jobs being sent south of the Rio Grande. That person’s name is Donald T. No, perhaps that’s too obvious. D. Trump.
The Republican nominee recently found himself in a cage match with Ford Motor Company CEO Mark Fields after accusing the automaker of sending its jobs to Mexico. But one manufacturer that Trump does favor, one that he invests heavily in and whose products he plans to use to build a certain wall, also has a “Mexican problem.” (Read More…)