Auto Sector

Ford Motor Co. Plans to Move Commercial Truck Production From Mexico to Ohio

Ford Motor Co. Plans to Move Commercial Truck Production From Mexico to Ohio

On Wednesday, Ford Motor Co said that it is moving its medium-duty F-650 and F-750 commercial trucks production from Mexico to Cleveland area plant.

Starting from 2000, till now early this year the commercial trucks were being built in Escobedo, Mexico by a joint venture of Ford and Navistar International Corp called Blue Diamond.

Ford Reports Record Second Quarter Profits in North America

Ford Reports Record Second Quarter Profits in North AmericaOn Tuesday, Ford announced its quarterly earnings and the results surprised everyone.

The car maker reported earnings that surpassed market expectations. Ford's earnings of $1.9 billion dollars were a record quarterly profit in North America since 2000.

To Meet Growing Demand for SUVs and Pickups Ford Cut Down Summer Break

To Meet Growing Demand for SUVs and Pickups Ford Cut Down Summer BreakWorkers of Ford Motor Co. in the U. S factories will have a shorter summer vacation this year, thanks to the growing demand of some models.

There has been a great demand for Ford's SUV's and the new F-150 pickup with an aluminum body and to deliver the extra numbers the company plans to shorten the second half of the two week break at its factories in its sixteen U. S factories.

Volvo to Build its New Plant in South Carolina

Volvo to Build its New Plant in South CarolinaThe much speculated location for the new plant that Volvo Cars plan to construct in the U. S has finally been announced. On Monday, a announcement said that the company has selected South Carolina's Berkeley County for its plant in North America. It will be the first auto plant of the company in the continent. The company says that it will add 2000 workers in the plant over the next ten years and 4000 by the year 2030.

Hyundai-Kia Forecast Slowest Sales Growth Globally in Last Nine Years

Hyundai-Kia Forecast Slowest Sales Growth Globally in Last Nine YearsWeak market recovery, intensified competition and a capacity constrain has lead Hyundai Motor Co and affiliate Kia Motors Corp to aim for increasing its target of vehicle sales globally in 2015 by 2.5 percent. The South Korean companies have seen slowest rate of expansion in the last nine years.

GM Gets an Investment Grade Rating from S&P

GM Gets an Investment Grade Rating from S&PThe time seems to be good for General Motors (GM) as it survived through a bankruptcy followed by a major recall this year of 29 million or more vehicles. After almost a decade Standard & Poor's has elevated the credit status of the car manufacturer from junk up by a notch.

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