Ford reports lower profits, takes hit from pensions, canceling Mexico plant

Ford Motor logo

Ford Motor on Thursday reported a fourth-quarter loss, mentioning an accounting change to pensions and expenses for canceling a factory in Mexico, which President Donald Trump had targeted on his way to the White House. Ford likewise reaffirmed its projection that 2017 profits would be lower, which contrasted with more positive forecasts from Detroit competitors […]

Auto executives, noting Trump, highlight U.S. investments in Detroit auto show

BMW M550i at Detroit Auto Show

Global auto executives at the Detroit auto show are highlighting their financial investments in the United States, conscious of President-elect Donald Trump’s comments on automakers for building automobiles in Mexico. Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne stated on Monday that unpredictability over Trump’s trade and tax policies can result automakers to delay financial investments […]

Ford cancels plans for Mexico plant as Trump warns to tax General Motors

Ford Motor plant in Cuautitlan Izcalli, Mexico

President-elect Donald Trump warned to put tax on General Motors for importing compact vehicles to the United States from Mexico on Tuesday as competing Ford canceled strategies to open a new compact vehicle plant south of the border. Trump tweeted early Tuesday that General Motors was sending out Mexican-made Chevrolet Cruzes to the United States […]

Ford’s CEO Mark Fields cautions Trump’s 35% car tariff will have a huge impact

Mark Fields

Ford Motors CEO Mark Fields stated on Tuesday that a 35% tariff on vehicles including trucks imported from Mexico– a concept provided by President-elect Donald Trump— would have a substantial effect on the entire U.S. economy. Fields, who provided the keynote speech at the Los Angeles Auto Show on Tuesday early morning, discussed Donald Trump […]