The American auto maker will export the next-generation Focus car from China to North America in 2019 instead of from Mexico. Fred Katayama reports.
Ford Motor will ship its next-generation Focus compact from China to the U.S. instead of from Mexico. The company said the move will save it $500 million. In January, Ford killed plans to build a Focus plant in San Luis Potosi, Mexico, after President Donald Trump criticized it for shipping small car production south of the border. It said then it would instead make the new Focus at an existing plant in Hermosillo. Jeff Tomasulo of Vespula Capital: SOUNDBITE: JEFF TOMASULO, CEO, VESPULA CAPITAL (ENGLISH) SAYING: "I think it's a little bit placating the Trump Administration. It's very interesting to say that they're going to save money doing it from China considering the distance of being able to ship those cars." Ford said it's cheaper to build and ship cars to the U.S. from Mexico than China. But it said shipping from China will save money because it has to retool only one plant, the existing factory in Chongqing, rather than two plants to supply North America. Ford shares fell on the news.