Report: Ford Building New Auto Plant in Mexico
November 4th, 2020 2:29 PM Share
Ford will announce plans early this year to build a new plant in Mexico, Reuters reported Thursday. The $1.5 billion plant will produce 350,000 cars annually and could eventually produce the new Focus after production of that car leaves Ford’s Wayne, Michigan plant in 2018.
Ford didn’t comment on the report.
Reuters said Mexican officials with knowledge of the facility confirmed that the plant would be built in the state of San Luis Potosi.
BMW announced in 2014 that it would build a new plant in the Mexican state by 2019, and engine-maker Cummins already has a factory there.
Ford has several facilities in Mexico where it makes cars and trucks including its Fiesta and heavy-duty trucks.
Published January 15th, 2016 11:05 AM
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RE: "Dealers look to make a cut on new product sold, and this cut may vary from holdback + an amount + maybe finance bonus to holy crap we buried her as a certain Buick dealer recently demonstrated." The paperwork posted showed no such thing.
RE: The "Reply" button - It makes no difference if I am on a 4 gig RAM lap top or my 64 GIG RAM desktop at my office, TTAC contains so many popups, graphics, videos, etc. to make smooth and quick loading difficult and scrolling to a particular post more than I have the patience for. Every time you invest in a more capable machine these sites increase their overhead faster so we keep falling behind. If a car dealer was this greedy for revenue the masses would be in maximum wail mode. Not so much here. What gives?
RE: "You think because most of us can’t see inside your top hat we don’t know whats happening?" YES! RE: "Its a business, dealers need to make money or they fold. We get it." Good! RE: "Your decades of experience and valuable insight aside, if you don’t think “wow that’s kinda dick” when people get buried in junk product its your own affair. But it doesn’t help the case of us thinking wow “some dealers are f*ckwads”." When you figure out how to articulate this "thought" I'll be glad to respond to it.
RE: "Information is freely available to those who seek it. The customers you typically deal with may lack the intelligence or drive to see this information but what one must be weary of is hubris." Information is a lot easier to obtain than to unpack. RE: "I don’t want to put words in your mouth but your continued defense of whatever really happened in Jack’s piece suggests you endorse such behavior." I do NOT endorse the behavior of "journalists" writing hatchet pieces without documentation with the purpose to inflame rather than to report. I endorse the facts. I recommend that dealers make what is available mindful of the fact that repeat business is more important than short term. I am also mindful of the fact that consumers don't typically know what they think. I repeatedly ask groups if they think a 10% gross profit is fair for a dealer to make and I rarely get anyone to say that's not fair. But let me use $3K instead of 10%, and they're up in arms. RE: "His article’s figures and tone aside, the goal of the salesperson should be to meet the customer’s needs with the product he is selling." If you want to own a business where that is your guiding light, be my guest. It makes it a lot easier if you find a vehicle that the consumer really wants than to try to shoehorn them into something that makes better sense for them but they don't want. We're car sales people, not their parents. Besides, lenders typically dictate what consumers can buy based on the amount they will carry. Most consumers have negative trade equity and want more than they can get financed because most have NO CASH to overcome their negative equity. RE: "I realize there is a grey area where “the right product for the customer is the one I’m selling right now” but one must operate with a set of ethics to a point. I am disgusted by those who prey on the elderly and otherwise slow, if such a thing is all in a days work at the Ruggles shop than fine be a sociopath… but it will catch up with your business. Word travels fast in the internet age." Word has always traveled fast. Again, if you want to set some kind of standards for little old ladies, etc., and operate a dealership that way, knock yourself out. You can set your own formula since it will be your money. In a Ruggles operation the people you reference will pay profit and be WELL taken care of because their business will be HI VALUE. In fact, they'll get priority over the mooches any day.