Ford Electric Crossover Production Moving to Mexico

Ford to move planned electric car production to Mexico from Michigan

Ford Motor Company says it will shift future production of a forthcoming electric vehicle to Mexico instead of building it at the Flat Rock Assembly plant in MI as it had planned.

The decision to place production of an autonomous vehicle at the MI plant is good news for the region, Ford spokesman Alan Hall said.

Bernie Sanders: Trump Should 'Think About Resigning' Over 2016 'Access Hollywood' Tape
Trump's typical order from McDonald's, Lewandowski wrote, consisted of "two Big Macs, two Filet-O-Fish and a chocolate malt". Before Thursday, the White House had not yet confirmed whether Trump would follow in his predecessors' footsteps.

In August 2016 Ford announced plans for a level 4 automated vehicle, and has now confirmed that it will be a bespoke design specifically to meet the needs of commercial fleet operations. According to the latest reports, however, that SUV will now be built at Ford's Cuautitlan Stamping and Assembly Plant in Mexico.

Unlike the full electric vehicle from Cuatitlan, the self-driving vehicle from Flat Rock will use a hybrid system with a gasoline engine and an electric motor, Hall said.

Baker Mayfield named Associated Press Player of the Year
Mayfield is also considered the heavy favorite to win the Heisman Trophy, which will be announced Saturday night in NY . Earlier this week, Oklahoma quarterback Baker Mayfield was named one of three finalists for the Heisman Trophy.

The report also states that part of the reason for Ford's decision is that electric vehicles now have a comparatively low profit margin. Plus, if Ford had kept the EV in Flat Rock, that would have reportedly interfered with plans to expand the plant for autonomous vehicle production.

Ford plans instead to convert the suburban Detroit factory into a manufacturing hub for future driverless vehicles, hiking its anticipated investment in the plant to $900M from $700M foreseen previously. The shift is meant to free up some capacity at Flat Rock to enable Ford to build its first fully-autonomous vehicle there. Of course, Ford has switched CEO's since the previous announcement with Jim Hackett tasked to accelerate Ford's electrification and autonomous vehicle strategies.

Ex-policeman faces 20 years in prison for Scott slaying
Charles Morgan, a forensic psychiatrist who examined Slager in May 2016 and diagnosed him with normal psychological function. US District Judge David Norton said Slager obstructed justice when he made statements to state police after the shooting.

In a blog post, Jim Farley, president of global markets, said Ford also would test new business models that involve its self-driving vehicles, including the movement of people and goods.

Related News:

  • A Preview of Valuations Summary: FedEx Corporation (FDX), MGM Resorts International (MGM)

    This represents a $0.44 annualized dividend and a yield of 1.33%. 50 funds opened positions while 107 raised stakes. (NYSE:LOW). Duff & Phelps Investment Management holds 0.01% of its portfolio in Lowe's Companies, Inc. (NYSE:DCT) for 941,139 shares.
    Met Éireann issues snow-ice warning for country

    Met Éireann issues snow-ice warning for country

    Donegal is set for a cold snap with wintry showers, snow and freezing temperatures which will continue into next week. Now, Met Éireann have included 18 other counties in a yellow weather warning for snow and ice over the next 24 hours.
    Concentrate on the Analyst's Move:: Marathon Oil Corporation (MRO)

    Concentrate on the Analyst's Move:: Marathon Oil Corporation (MRO)

    Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Ross Stores, Inc.
  • United States  warns Russian Federation  over Ukraine as OSCE meets

    United States warns Russian Federation over Ukraine as OSCE meets

    Russian Federation denies accusations that it fomented the conflict and provided arms and fighters. The Vienna-based body monitors conflicts, elections, media freedom and human rights.
    Wildfires Rage in California

    Wildfires Rage in California

    Residents living west of I-405 should brace for evacuations, in case flames jump the freeway, officials said earlier on Wednseday. It was the worst of four fires that by late Tuesday had burned more than 66,000 acres in Southern California, prompting Gov.
    Little Creek-Fort Story remembering Pearl Harbor in ceremony

    Little Creek-Fort Story remembering Pearl Harbor in ceremony

    Both President Donald Trump and first lady Melania Trump made small errors on tweets commemorating the attack on Pearl Harbor . Through the ups and downs of battles won and lives lost, the cry of "Remember Pearl Harbor!" helped maintain American resolve.
  • Ed Sheeran awarded OBE from Prince Charles

    Ed Sheeran awarded OBE from Prince Charles

    But asked afterwards by reporters whether he would do so if invited, he replied with a grin: "Yeah, why not". He was the most-streamed artist of 2017 and has supported various good causes.
    Parents of Seminole Heights murder suspect in court for contempt hearing

    Parents of Seminole Heights murder suspect in court for contempt hearing

    They previously told FOX 13 news that they still love their son, despite the accusations. Their next court date is January 5 at 10 a.m.

    Active Volume Stock: First Horizon National Corporation (FHN)

    Thompson Investment Mgmt Inc holds 0.39% of its portfolio in First Horizon National Corporation (NYSE:FHN) for 119,520 shares. It also reduced Brookfield Infrastructure Partners Lp (Put) (NYSE:BIP) stake by 8,200 shares and now owns 6,200 shares.
  • Nicehash HACKED - now over $62 Million sits in hackers Bitcoin wallet!

    Nicehash HACKED - now over $62 Million sits in hackers Bitcoin wallet!

    This corporate security breach is being investigated by NiceHash and the proper authorities and will be dealt with urgently. Bitcoins are basically lines of computer code that are digitally signed each time they travel from one owner to the next.
    How to See the 2017 Geminid Meteor Shower

    How to See the 2017 Geminid Meteor Shower

    The Geminids are probably the best meteor shower of the year-often exceeding the Perseids in August and the Leonids in November. Within the light pollution of a fair-sized city on the big night, you might only see a maximum of 10 or 15 Geminids per hour.
    CAMS department paid tribute to Shashi Kapoor

    CAMS department paid tribute to Shashi Kapoor

    Recently Rishi Kapoor had tweeted a pic of him and Randhir Kapoor visiting the Haveli and captioned it, "Somebody sent this". Shashi Kapoor , a leading Bollywood actor and producer from the 1970s and '80s, has died after a long illness.


Most liked

Lockheed Martin (LMT) Receives Daily Media Sentiment Score of 0.17
The average twelve-month target price among brokerages that have issued ratings on the stock in the previous year is $321.68. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Outperform" rating given on Thursday, October 6 by Robert W.

Morgan Stanley fires former lawmaker for misconduct
After the alleged incident, he continued to contact her until she specifically told him not to, the news outlet reported. An email to Morgan Stanley wasn't returned and Ford couldn't be reached immediately for comment.

CDC urges at-risk group to get flu shots
Flu shots are available throughout Chatham-Kent from a family healthcare provider, walk-in clinic or many local pharmacies. This year, there are concerns that the shot is not very effective, but experts are still encouraging people to get it.

House passes legislation extending concealed carry privilege across state lines
Rodney Frelinghuysen (R-11th Dist.), whose Morristown office was picketed this week by opponents of HR 28, supported the bill . Two New Jersey Republicans- Chris Smith of the 4th District and Leonard Lance of the 7th District-voted against the bill .

LaMelo Ball will officially never play college basketball after signing agent
Meanwhile, Bruins Coach Steve Alford said he has yet to speak with the Balls since LiAngelo left the program earlier this week. This makes him ineligible to play for the Bruins and now the UCLA basketball team has an open scholarship for the 2019 class.

Devil May Cry HD Collection Announced for PS4, XBO and PC
The Devil May Cry HD Collection will be available on PC, PlayStation 4, and Xbox One on March 13, 2018 for $29.99. You can look for it on XBox One and PlayStation 4 as well as on PC.

Bills-White-Gronkowski Hit,193
After appeal, Gronkowski's suspension stood. "I want to apologize to No. 27", he told reporters after the game. Gronkowski received his suspension for hitting White after the play had been whistled dead.

Steelers safety Mike Mitchell rips officiating: 'Just hand us all some flags'
The NFL commissioner signed a five-year contract extension on Wednesday, worth about $40 million annually, according to reports . If you don't want to get injured then don't come out here. "Think about what you ask us to do", Mitchell told reporters.

Winless Browns fire VP Sashi Brown
Less than two years after hiring Sashi Brown , the organization has fired the Executive Vice President. Brown was named the team's top executive by the Haslams during an overhaul following the 2015 season.

"A new Tomb Raider game is coming" says Square Enix
The Tweet that was sent from the official Tomb Raider account posted the following statement regarding a new Tomb Raider game. Square Enix have officially acknowledged that a third Tomb Raider title in the rebooted series exists, and will be coming out.

European Union sues Czech Republic, Hungary and Poland over low refugee intake
If the member state still refuses to comply, the Commission may then decide to refer the case to the Court of Justice. For Poland, Hungary and the Czech Republic this legal precedent - not news, but a logical outcome .

London replaces Brussels as Euro 2020 host
The first match of Euro 2020 will be hosted in Rome at the Stadio Olimpico, UEFA has confirmed. The semi-finals and the final will be at Wembley .

Manchester United, Basel, Roma, Juventus into Champions League last 16
Pep Guardiola's men have shown little sign of fatigue on Champions League nights, storming to the top of Group F in style. With Roma always expected to beat Qarabag, Chelsea knew only a win would be enough to guarantee top spot.

Tesla Inc (TSLA) Position Lifted by Apriem Advisors
Wealthcare Advisory Partners LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at approximately $100,000. Following the sale, the vice president now directly owns 1,225 shares of the company's stock, valued at $383,731.25.

Airlines Are Rerouting Flights to Avoid North Korean Missiles
For the time being, there are no planned changes to existing Cathay Pacific routes. It hadn't previously announced the changes before this week.