Parts shortages caused by Japan’s record earthquake may reduce global automobile production by about 30 percent, research firm IHS Automotive said today.
Ford Motor Co . plans to invest $400 million and build a new model at its factory in Claycomo, Missouri, after moving production of the Escape small sport- utility vehicle to another state.
Ford Motor Co ., the world’s most profitable automaker, is hiring 1,800 workers and spending $600 million to overhaul a factory in Louisville, Kentucky, to build small sport-utility vehicles.
Mexico’s share of North American auto production may rise at a quicker pace as General Motors Co., Ford Motor Co. and Chrysler Group LLC seek out workers making less than 10 percent of what their U.S. counterparts earn.
"Mexico has become the crossroads of automotive trade for the western hemisphere."
- Michael Robinet on Nov 23, 2014