The news was celebrated by the incoming Trump administration, which claimed that it had convinced USA automakers to bring jobs home.
Ford Motor Co.is moving planned production of an electric crossover with a 300-mile range to Mexico from MI to make way for additional investment on autonomous vehicles in its home state.
All the major automakers make some of their cars for the US market in Mexico, and all depend on Mexican parts suppliers for cars built at USA plants.
While President Trump won't be happy about Ford's decision to move production to Mexico, Ford does say that the decision to build the autonomous vehicle in MI will see it invest $200 million in the Flat Rock plant. Ford has since confirmed it has adjusted production plans to move the new crossover to Mexico.
JP Morgan Chase & Co (NYSE:JPM) Shares Bought by HM Payson & Co
Wall Street Access Asset Mngmt Ltd Llc invested 1.09% in JPMorgan Chase & Co. (NYSE: JPM ) have caught the attention of investors. The company was maintained on Thursday, October 12 by RBC Capital Markets. (NYSE: JPM ) to report earnings on January, 12.
Ford says it will be investing $900 million into Flat Rock, adding 850 jobs, as it makes the facility a hub for autonomous vehicle development and production. The autonomous vehicle is expected to debut in 2021.
GM unveiled plans last week to introduce its own on-demand ride-sharing service in several U.S. cities in 2019, using self-driving versions of the battery-powered Chevrolet Bolt.
Ford's chief executive officer, Jim Hackett, has been accelerating the automaker's moves in electric and autonomous cars, while announcing $14 billion in cost cuts to improve the what he calls the company's "fitness".
"Automakers have been out of the line of fire of late with so many other issues brewing in D.C.", Krebs said, adding that the impact of the president's planned changes to the North American Free Trade Agreement represents an "unknown" for Ford as it shifts the electric SUV to Mexico. "It wasn't too long ago Ford canceled plans to build a plant in Mexico". After replacing Mark Fields as CEO in May, one of Hackett's first moves was to shift a plan to make the Focus small vehicle in Mexico to one of the automaker's plants in China. The company's software provides services useful to autonomous ride-hailing businesses, including networked data streams between vehicles and operators. "We'll move people and goods".
Vienna, Dec 7 US Secretary of State Rex Tillerson said today that Ukraine was the sole sticking point keeping the United States and Russian Federation from forging a closer relationship, suggesting that all other disputes were secondary.
Department of the Interior Secretary Ryan Zinke and the director of the Bureau of Land Management, Brian Steed - on Monday in U.S. The suit, which is likely to provoke a prolonged court battle, claims Trump can not legally revoke the land's monument status.
Though it wasn't technically a home game for Kansas , the Jayhawks had won 35 of their last 44 games played at the Sprint Center. The Jayhawks' mark was below their season average of 0.628, while the Orange's was below their season average of 0.491.
The swings in price occurred just as the trading community prepares for bitcoin to start trading on two established US exchanges. Some say they serve merely to facilitate money laundering and illicit, anonymous payments.
When is the Champions League Round of 16 draw? Chelsea: Barcelona, Paris Saint-Germain, Besiktas , Spartak Moscow or Sevilla. Pep Guardiola's men have shown little sign of fatigue on Champions League nights, storming to the top of Group F in style.
Former Mississippi State baseball and Major League standout Rafael Palmeiro is considering making a comeback in pro baseball. But Palmeiro thinks he still has something to prove after alleged steroid use tainted the end of his career.
The rain will be heavy and preceded by sleet and snow across the north and east and may give accumulations over high ground. Yellow warnings for snow and ice have also been issued across the region from midnight on Friday to 6pm on Saturday.
Buyers from the Middle East and Asia have been snapping up masterpieces to fill regional museums - and pushing prices ever higher. Christie's said the artwork will be going to the museum, but declined to say whether the Louvre Abu Dhabi bought the painting.
Police said Walker agreed to come to the police department Tuesday to sort out details of the incident, but has not done so. Authorities have been in contact with two people who were sold items belonging to Mr.
Of the analysts surveyed by Reuters that track International Business Machines Corporation 16 of them rate its stock a hold. It dived, as 100 investors sold IBM shares while 695 reduced holdings. 1 funds opened positions while 0 raised stakes.
Ltd. Has $191.67 Million Stake in Simon Property Group Inc (SPG)
The Average Volume of the company is 1.66 Million, while the Volume of the company in the last trading session was 1.31 Billion. Bank Of Hawaii decreased its stake in Conocophillips (COP) by 18.77% based on its latest 2017Q2 regulatory filing with the SEC.
Iraq demands US backtrack on Jerusalem
The United States is leading an worldwide coalition helping Iraq fight Islamic State and has provided air and ground support. The PMF is government sanctioned and formally reports to Prime Minister Haider al-Abadi's office.
We haven't fielded well: Pujara
But as it turned out, the Sri Lankan batsmen, especially Dhananjaya de Silva and Roshen Silva, negated their attack easily . "After the match ended, Pujara said, "[It is a] hard question to answer as I don't know technically what is going wrong.
Amazing Heisman Trophy Stats You Need to Know in 2017
An ankle injury slowed Love the last month of the season, but he still led the nation in rushes of at least 50 yards with 12. Ohio State running back Archie Griffin became the first player to do so when he won the award in 1974 and '75.
Missile test raises flight safety concerns
A Cathay Pacific flight crew reportedly witnessed North Korea's latest missile test last Wednesday, the airline announced today. The organization condemned the Pyongyang regime in October for its repeated launch of ballistic missiles.