Ford's 20.5 billion Turkish lira ($2.6 billion) investment to increase capacity at its Transit van factory in Turkey will enable the plant to build the Volkswagen Transporter midsize van at the plant, a source familiar with the matter said.
December 08, 2020 11:34 AM
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Ford says Trump tariffs to cost $1.5 billion as Q1 net income dives 65%
The expected tariff cost is significantly lower than the $4 billion to $5 billion crosstown rival General Motors estimates, which Ford attributes to its higher mix of U.S.-built vehicles.
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