Meanwhile, in Not-Bailed Out Auto Company News…
Ford is building and expanding. It’s going to be adding 1,200 positions at a number of Detroit-area plants as demand for their mid-range sedan, “Fusion” has taken off.
Ford is adding 1,200 workers to a suburban Detroit factory to build the Fusion, a sign of confidence that the revamped sedan will be a big seller.
Ford Americas President Mark Fields told workers at the Flat Rock plant Monday that the Fusion’s market segment is growing two times faster than the rest of the U.S. auto industry. The new Fusion goes on sale this fall.
Ford has only made Fusions in Mexico until now. But new labor contracts lowered its U.S. costs, so Ford decided to add production in the U.S.
Meanwhile, GM is reportedly going losing nearly $50,000 per unit for every Chevy Volt sold. I guess they’ll make it up in volume.