Sitarro
06-01-2008, 02:34 AM
I guess we know what car not to buy, rumor has it that the Mexicans will piss in the gas tanks.:laugh2::laugh2::laugh2: Hey Ford..... :fu:
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/30/AR2008053002877_pf.html
MEXICO CITY, May 30 -- President Felipe Calderón announced Friday that Ford will build its new fuel-efficient Fiesta "global car" in suburban Mexico City and upgrade two plants here as part of a $3 billion investment, the largest in Mexican history by a foreign manufacturer.
The decision is a major setback for the United Auto Workers union, which has pushed Ford and other manufacturers to invest in U.S. plants. But it was a coup for the Mexican economy after years of losing manufacturing jobs to China and other Asian countries.
Industry analysts have long predicted that Ford would unveil a global car -- a subcompact designed to be easily built and marketed anywhere in the world -- but it was unclear until Friday which country would win the lucrative manufacturing deal. A UAW spokesman did not return calls seeking comment.
In an appearance Friday at Mexico's presidential palace, Los Pinos, Ford chief executive Alan R. Mulally said the decision to build the Fiesta is part of a plan to realign the company's manufacturing toward smaller cars and crossovers -- models between small cars and SUVs.
As gas prices have skyrocketed, Ford has suffered in particular because it relies strongly on sales of trucks and SUVs. Through April, light vehicles accounted for just 36 percent of Ford's sales, compared with about 60 percent at Toyota and Honda, David Whiston, an auto analyst at Morningstar, said in an interview.
"What this shows about Ford is that it has realized it needs to improve its vehicle mix to be much more skewed to fuel-efficient cars than trucks and SUVs," he said.
Mulally said Ford will start building the Fiesta in 2010 at a plant in Cuautitlán, a city in the state of Mexico, which borders Mexico City to the north. The plant now makes pickup trucks.
The company also will upgrade a transmission plant in the central state of Guanajuato in partnership with Getrag and build a new engine line at its plant in the northern state of Chihuahua. The company plans to invest $2.4 billion, with an additional $600 million coming from its suppliers and partners, Mulally said.
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/30/AR2008053002877_pf.html
MEXICO CITY, May 30 -- President Felipe Calderón announced Friday that Ford will build its new fuel-efficient Fiesta "global car" in suburban Mexico City and upgrade two plants here as part of a $3 billion investment, the largest in Mexican history by a foreign manufacturer.
The decision is a major setback for the United Auto Workers union, which has pushed Ford and other manufacturers to invest in U.S. plants. But it was a coup for the Mexican economy after years of losing manufacturing jobs to China and other Asian countries.
Industry analysts have long predicted that Ford would unveil a global car -- a subcompact designed to be easily built and marketed anywhere in the world -- but it was unclear until Friday which country would win the lucrative manufacturing deal. A UAW spokesman did not return calls seeking comment.
In an appearance Friday at Mexico's presidential palace, Los Pinos, Ford chief executive Alan R. Mulally said the decision to build the Fiesta is part of a plan to realign the company's manufacturing toward smaller cars and crossovers -- models between small cars and SUVs.
As gas prices have skyrocketed, Ford has suffered in particular because it relies strongly on sales of trucks and SUVs. Through April, light vehicles accounted for just 36 percent of Ford's sales, compared with about 60 percent at Toyota and Honda, David Whiston, an auto analyst at Morningstar, said in an interview.
"What this shows about Ford is that it has realized it needs to improve its vehicle mix to be much more skewed to fuel-efficient cars than trucks and SUVs," he said.
Mulally said Ford will start building the Fiesta in 2010 at a plant in Cuautitlán, a city in the state of Mexico, which borders Mexico City to the north. The plant now makes pickup trucks.
The company also will upgrade a transmission plant in the central state of Guanajuato in partnership with Getrag and build a new engine line at its plant in the northern state of Chihuahua. The company plans to invest $2.4 billion, with an additional $600 million coming from its suppliers and partners, Mulally said.