Latest news with #Mexican-built
Epoch Times
07-05-2025
- Automotive
- Epoch Times
Ford Hikes Mexico-Built Vehicle Prices as Tariffs Take Hold, But Keeps Discount Through July 4
Ford Motor Co. has increased prices on several Mexican-built vehicles by $600 to $2,000, citing a combination of standard midyear pricing adjustments and new U.S. auto tariffs. The price hikes apply to the Maverick pickup, Bronco Sport SUV, and Mustang Mach-E crossover, with affected vehicles expected to reach dealerships in late June, a company spokesperson told The Epoch Times in a written statement. 'This is our usual mid-year pricing actions combined with some tariffs we are facing,' said Ford spokesman Said Deep. 'We have not passed on the full cost of tariffs to our customers. Our approach throughout this evolving situation continues to be doing what's right for our customers–and our business.' Ford has not disclosed how much of the price hike can be attributed to the Trump administration's new tariff policy, which imposes a 25 percent levy on many foreign-built vehicles and parts. Despite the added costs, Said noted that Ford is 'While we amended prices, this does not impact vehicles in dealer inventory,' the spokesperson said. 'Our employee pricing program–From America, For America—continues through July 4th and our dealers have great stock and plenty of vehicles for our customers to choose from.' The move comes as Ford on Monday Related Stories 5/2/2025 5/1/2025 Executives said higher U.S. content gives Ford a competitive edge under the new tariff policy, which targets foreign-built vehicles and parts. Ford CEO Jim Farley 'It's still too early to fully understand our competitors' responses to these tariffs,' Farley said on the call. 'It's also early to gauge the related market dynamics, including the potential industrywide supply chain disruptions and the impact of Ford's domestic manufacturing advantages. And as a result, we've decided to suspend our guidance. 'It's clear, however, that in this new environment ... automakers with the largest U.S. footprint will have a big advantage, and boy, is that true for Ford. It puts us in the pole position.' Ford on Monday On the call with analysts, Farley said Ford is evaluating near-term steps to boost the use of U.S.-made parts across its lineup, including the F-150, Mustang, Taurus, and electric and hybrid models. As part of that shift, Ford has halted vehicle exports to China but will continue using the country as a trade hub for countries in the Asia-Pacific region and other markets with favorable U.S. trade ties. 'Looking ahead, even though nearly 80 percent of our parts that we use in the U.S. are USMCA compliant, we are looking for opportunities where it makes sense to develop local supply chains,' Farley said. 'Relative to adding manufacturing capacity in the U.S., for Ford, this is a continuation, not a course correction.' President Donald Trump has said that one of the objectives of the new tariff policy is to encourage domestic manufacturing.
Yahoo
05-04-2025
- Automotive
- Yahoo
Nissan says it will not take new US orders for Mexican-built Infiniti SUVs
(Reuters) -Nissan Motor said on Thursday it will not take new orders from the U.S. for two Mexican-built Infiniti SUVs, following auto tariffs levied by President Donald Trump, in a drastic scale-back of its operations at a joint venture plant. The Japanese automaker said it would now maintain two shifts of production of the Rogue SUV at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month. Nissan will not accept any additional orders of the Infiniti QX50 and QX55 SUVs for the U.S. market produced at the COMPAS plant it has run together with Mercedes-Benz in Mexico. Nissan said production is expected to continue for those models sold in other markets. It remained unclear how much of the production is sold in other markets. The two Infiniti models have only been exported from Mexico to the U.S., according to data from Mexico's national statistics agency. A Japan-based Nissan spokesperson said on Saturday the models are produced for and exported to markets such as Mexico, Panama, the Middle East and Canada, without providing details on its production plans for the vehicles. Trump's 25% global car and truck tariffs took effect on Thursday. Nissan has been struggling in the U.S. due to an ageing line-up and a lack of hybrid models. It is particularly exposed to the new tariffs as it exports the biggest number of cars from Mexico to the U.S. of any Japanese automaker. Nissan's troubles led it to slash its profit forecast three times in the financial year just ended and saw its debt downgraded to "junk" status. Its new chief executive, 46-year-old Ivan Espinosa, a Mexican national who previously was its planning boss, has pledged to drastically cut the time the automaker needs to develop new cars. Mercedes-Benz manufactures the GLB SUV at the COMPAS plant. Sign in to access your portfolio
Japan Times
05-04-2025
- Automotive
- Japan Times
Nissan considers transferring some domestic production to U.S., report says
Nissan Motor is considering shifting some domestic production of U.S.-bound vehicles to the U.S., the Nikkei reported on Saturday, as U.S. President Donald Trump ramps up trade tariffs on nations worldwide. As early as this summer, Nissan plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the United States to mitigate the impact of Trump's tariffs, the business newspaper said, without citing the source of its information. The Japanese automaker's Rogue SUV, a key model in the U.S. market, is now produced in Fukuoka and the United States, the report said. On Thursday, Nissan said it would not take new orders from the U.S. for two Mexican-built Infiniti SUVs after earlier Trump tariff announcements, marking a drastic scale-back of its operations at a joint venture plant. The automaker now plans to maintain two shifts of production of the Rogue at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month. Nissan sold about 920,000 vehicles in the U.S. last year, of which about 16% were exported from Japan, the Nikkei said, adding the planned production shift could hit local suppliers' businesses.
Yahoo
05-04-2025
- Automotive
- Yahoo
Nissan considers transferring some domestic production to US, Nikkei says
TOKYO (Reuters) - Nissan Motor is considering shifting some domestic production of U.S.-bound vehicles to the U.S., the Nikkei reported on Saturday, as President Donald Trump ramps up trade tariffs on nations worldwide. As early as this summer, Nissan plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the United States to mitigate the impact of Trump's tariffs, the business newspaper said, without citing the source of its information. The Japanese automaker's Rogue SUV, a key model in the U.S. market, is now produced in Fukuoka and the United States, the report said. On Thursday, Nissan said it would not take new orders from the U.S. for two Mexican-built Infiniti SUVs after earlier Trump tariff announcements, marking, a drastic scale-back of its operations at a joint venture plant. The automaker now plans to maintain two shifts of production of the Rogue at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month. Nissan sold about 920,000 vehicles in the U.S. last year, of which about 16% were exported from Japan, the Nikkei said, adding the planned production shift could hit local suppliers' businesses.
Reuters
05-04-2025
- Automotive
- Reuters
Nissan considers transferring some domestic production to US, Nikkei says
TOKYO, April 5 (Reuters) - Nissan Motor (7201.T), opens new tab is considering shifting some domestic production of U.S.-bound vehicles to the U.S., the Nikkei reported on Saturday, as President Donald Trump ramps up trade tariffs on nations worldwide. As early as this summer, Nissan plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the United States to mitigate the impact of Trump's tariffs, the business newspaper said, without citing the source of its information. here. The Japanese automaker's Rogue SUV, a key model in the U.S. market, is now produced in Fukuoka and the United States, the report said. On Thursday, Nissan said it would not take new orders from the U.S. for two Mexican-built Infiniti SUVs after earlier Trump tariff announcements, marking, a drastic scale-back of its operations at a joint venture plant. The automaker now plans to maintain two shifts of production of the Rogue at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month. Nissan sold about 920,000 vehicles in the U.S. last year, of which about 16% were exported from Japan, the Nikkei said, adding the planned production shift could hit local suppliers' businesses.
