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 has become the crossroads of automotive trade for the western hemisphere."
- Michael Robinet on Nov 23, 2014