Author: Sean O'Kane
Ford just announced that it’s abandoning plans to sell the Focus Active — which the company makes in China — in the United States because of tariffs imposed by the Trump administration. The car was supposed to be one of two models that Ford planned to sell in the US going forward as it shifts its lineup to be almost exclusively SUVs and trucks. Now, the only car Ford will sell in the US is the Mustang.
The 25 percent tariff on cars that are assembled in China has made a “very difficult business case for [Ford], so we’re choosing to deploy these resources elsewhere,” Kumar Galhotra, Ford’s president of North America, said on a conference call on Friday morning. Ford is in the middle of a years-long restructuring that it expects will cost...
Continue reading…
Continue reading...
Ford just announced that it’s abandoning plans to sell the Focus Active — which the company makes in China — in the United States because of tariffs imposed by the Trump administration. The car was supposed to be one of two models that Ford planned to sell in the US going forward as it shifts its lineup to be almost exclusively SUVs and trucks. Now, the only car Ford will sell in the US is the Mustang.
The 25 percent tariff on cars that are assembled in China has made a “very difficult business case for [Ford], so we’re choosing to deploy these resources elsewhere,” Kumar Galhotra, Ford’s president of North America, said on a conference call on Friday morning. Ford is in the middle of a years-long restructuring that it expects will cost...
Continue reading…
Continue reading...