Items Tagged with 'near-shoring'

CHICAGO—Continuing the reshoring trend of the past few years, U.S. companies are increasingly importing goods made closer to home and relying less on goods from low-cost countries in Asia.

DEARBORN, MI—Ford plans to eventually shift all North American small-car production from the U.S. to Mexico, CEO Mark Fields told investors last week, even though the company’s production investments in Mexico have become a lightning rod for controversy in the presidential election.

DEARBORN, MI—Ford Motor Co. will invest $1.6 billion to build a new assembly plant in Mexico for the manufacture of small vehicles. Work on the facility will start this summer in the state of San Luis Potosi, and the factory will create 2,800 direct jobs.

MEXICO CITY—Mexico is poised to overtake Brazil as the top Latin American automobile producer for the first time in more than a decade, as surging exports to the United States spur factory openings and record output.