PHILIPPINES: Ford to cease production
Ford Motor is preparing to close its vehicle assembly plant in the Philippines in December 2012 with production for the ASEAN region being consolidated in Thailand and Malaysia.
The Santa Rosa plant employs 250 people directly and many more indirectly through suppliers and support services. It was opened in the mid-1990s and is so far the country’s only ever exporter of new vehicles.
A total of 80,000 units were exported to other ASEAN markets between 2002 and 2010 – primarily to Indonesia and Thailand.
The company cited low economies of scale in the domestic market as the main reason for the closure - and a lack of a large volume model for the local market. It also said the weak components industry also had a major bearing on its decision to abandon production in the country.
Until the end of December, Ford will produce only the Escape compact SUV at Santa Rosa, having already transferred production of the Focus car to Thailand earlier this year.
The Ford and Mazda brands combined sold 6,855 vehicles in the Philippines in the first nine months of 2012, for a combined market share of 5.2%. Total vehicle sales are expected to reach 180,000 units this year, compared with an expected 1.35m units in Thailand and 1.1m in Indonesia.
Earlier this year, Ford completed a new 150,000 unit per year plant in Rayong, Thailand at a cost of US$450m. This raised its annual production capacity in Thailand, including its AutoAlliance joint venture plant with Mazda, to 445,000 units.
I wouldn't have thought that, with the current state of play in the European auto industry, there'd be too much niggle in the union ranks. But we've reported on a bit this week....
Although the Chinese car market is expected to see growth of around 10% this year, prospects for premium brands have deteriorated as a result of the Chinese government's anti-corruption campaign, acco...
Ford has strongly rebuffed questioning from the European Commission (EC) as to whether Spanish plans to grant state aid for its Valencia project are against regulations....
A new Magneti Marelli Automotive Lighting plant has been opened in Foshan, Guangdong province, in southern China....
Ford will free up much needed production capacity in North America by moving Fiesta production from Mexico to Thailand in 2016, according to a US newspaper....
BorgWarner will provide British engineered and made turbochargers for Jaguar Land Rover's (JLR's) new four-cylinder petrol and diesel engines, scheduled to launch in 2015....
Fiat is considering moving corporate headquarters to the US following a planned merger with Chrysler Group, a news report said on Wednesday....
- ANALYSIS: What does TPP mean for autos?
- THE WEEK THAT WAS: Volkswagen, diesel, recalls
- COMMENT: Tesla Model X - the elephant in the room
- VEHICLE ANALYSIS: Redesigned Vauxhall (Opel) Astra
- Thailand looks to end first-time buyer overhang
- Aston Martin mulls new factory location
- JLR confirms Brazil plant will assemble Evoque
- LA SHOW: Facelifted Porsche 911 AWD variants
- EXCLUSIVE: Fiat UK returning to C segment in 2016
- VW India issues stop-sale order for Polo
- Global light vehicle engine technologies market- forecasts to 2030
- Global light vehicle safety systems market- forecasts to 2030
- Ford Motor Company (F) - Financial and Strategic SWOT Analysis Review
- Global light vehicle OE exhaust & emissions aftertreatment systems - forecasts to 2030
- Global light vehicle electric motors market- forecasts to 2030