Ford to export next Focus from China to U.S. in 2019 -exec


Reuters

UPDATE 1-Ford to export next Focus from China to U.S. in 2019 -exec


DETROIT, June 20 (Reuters) - Ford Motor Co <F.N> will export
the next-generation Focus compact car from China to North
America in 2019, rather than from Mexico as earlier planned, the
company said on Tuesday.
    The current Focus will be phased out of production in Wayne,
Michigan in mid-2018, according to Joe Hinrichs, president of
global operations.
    The redesigned Focus for North America will be built at a
joint-venture plant in Chongqing, China, Hinrichs said. Earlier
this year, Ford canceled plans for a new $1.8-billion small-car
plant in San Luis Potosi, Mexico, and said it would build the
new Focus instead at an existing plant in Hermosillo.
    Hinrichs said the shift to China will save Ford $500 million
in tooling costs.

 (Reporting by Paul Lienert in Detroit; Editing by Nick
Zieminski)
 ((Paul.Lienert@thomsonreuters.com; mobile 313-231-0200))

Keywords: FORD CHINA/ (UPDATE 1)



This article appears in: World Markets , Stocks , Economy
Referenced Symbols: F


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