92719
Ford Kills Plan  to Sell  Chinese-Made Vehicle in US
Ford Kills Plan  to Sell  Chinese-Made Vehicle in US

Ford Kills Plan to Sell Chinese-Made Vehicle in US

Ford Kills Plan to Sell Chinese-Made Vehicle in US

Ford Motor Co has abruptly killed a plan to sell a Chinese-made small vehicle in the United States because of the prospect of higher US tariffs, head of the automaker’s North American operations said Friday. The automaker’s decision came as US President Donald Trump is escalating a trade battle with China, threatening to impose duties on another $200 billion in Chinese goods, Reuters reported. The Trump administration has already imposed duties on Chinese-made vehicles of up to 25%. Trump is separately evaluating a proposal to impose tariffs on all imported vehicles on national security grounds. The Chinese-made Focus Active, which Ford calls a crossover, would have been a niche vehicle for the United States, and the decision to abandon plans to launch it in the US market next year will not cost jobs or have a significant impact on the automaker’s US sales, Ford North America chief Kumar Galhotra told reporters during a conference call on Friday.

 

Short URL : https://goo.gl/BLjZie
  1. https://goo.gl/GYszPE
  • https://goo.gl/gBLxgp
  • https://goo.gl/ep4qzq
  • https://goo.gl/BNL4GA
  • https://goo.gl/TTMLVf

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus