A recent issue of Fortune magazine provided the 2016 list of most-admired companies. The top-8 automotive manufacturers are as follows: Toyota, BMW, Daimler, Hyundai, Honda, GM, VW and Nissan. The fact that VW made the list (given the revelations of diesel fraud) is remarkable, but they did fall from third in 2015 to seventh this year.
Perhaps surprisingly, Ford did not make the list. As I write, news broke that Ford plans to build a $1.6 billion auto assembly plant in Mexico, which won’t attract admirers. Small-car production will be shifted from the U.S., and 2,800 jobs will be created in Mexico. Ford did not say which models will be moving to Mexico, but the United Auto Workers said that production of the Ford Focus and C-Max gas-electric hybrid will be making the move from Detroit to south of the border. Ford indicated that they build more vehicles in the U.S. and have more hourly workers than any other automaker. Is that before or after this move?