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F Ford Motor Company

12.53
0.04 (0.32%)
Pre Market
Last Updated: 09:01:27
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ford Motor Company NYSE:F NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.04 0.32% 12.53 222 09:01:27

Ford to Import Next-Generation Focus Compact Car to U.S. From China

20/06/2017 3:26pm

Dow Jones News


Ford Motor (NYSE:F)
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By Christina Rogers 

Ford Motor Co. will begin importing Focus compact cars from China in the second half of 2019, scrapping earlier plans to build the small-car model in Mexico amid a push by President Donald Trump to drastically alter Nafta.

The company said Tuesday the Focus, which is now built at an assembly plant in Michigan, will also be imported from Europe, but most new models sold in North American will initially come from China.

The move is expected to save Ford $500 million annually and comes as the No. 2 U.S. car maker is looking for ways to boost profits on its passenger-car lineup as low gasoline prices fuel a shift in consumer demand to larger SUVs and trucks.

Write to Christina Rogers at christina.rogers@wsj.com

 

(END) Dow Jones Newswires

June 20, 2017 10:11 ET (14:11 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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