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 […]

Ford Ranger, Bronco Return not affected by Donald Trump victory

Images of Ford Ranger

Ford is not changing strategies to construct the Ford Ranger pickup and Ford Bronco SUV in Michigan after moving Focus small automobile production to Mexico, in spite of the project dangers by President-elect Donald Trump to impose tariffs on automobiles developed south of the border. The Dearborn-based car manufacturer discovered itself in Trump’s protectionist crosshairs […]

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 […]