1985 Ford Mustang Gt on 2040-cars

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Bomb threat closes Ford Romeo Engine Plant [UPDATE]

UPDATE: Ford has released the following statement about what's happening at the factory: "The Ford Romeo Engine Plant was reopened at 12:47 PM after law enforcement investigated and cleared the site. The afternoon and evening shifts are expected to report at their usual start times. Further questions on the investigation by law enforcement can be directed to the Romeo Police Department." Due to a bomb threat, Ford has evacuated its Romeo Engine Plant, and law enforcement is on the scene. According to the Detroit News, police with bomb-sniffing dogs are searching the building, which covers over 2 million square feet. Ford spokesperson Mike Moran wouldn't disclose to Autoblog how the threat was received but said that it came in between 7:00 a.m. and 7:30 a.m. Eastern on July 30. "The day shift was sent home," he said. According to the Detroit News, the second shift was also asked not to come in. About 500 people work at the plant, Moran indicated. At this time, Moran said that there hadn't yet been an update from law enforcement whether anything had been found in their search. The Romeo Police Department confirms to Autoblog that it's handling the investigation. However, the authorities wouldn't comment further about what is happening at the plant at this time. Related Video:

Would a Mustang-based Lincoln look like this?

Designer Josiah LaCalla has taken a stab at what a Ford Mustang-based Lincoln model might look like with the Continental Mark X1 concept. Make no mistake, Ford's luxury arm has made it abundantly clear that it won't be pursuing any new products outside of volume models, which means a flashy halo grand tourer like the one you see here isn't in the cards. LaColla used the Mercedes-Benz SLS AMG as a basis for his creation, which explains the long nose, but we certainly don't mind the idea of a rear-wheel drive Lincoln with a cabin pushed to the aft.
While we're dreaming, there's certainly nothing stopping us from imagining what's under that lengthy hood. We like the idea of the 5.8-liter supercharged V8 from the Shelby GT500 pushing the Mark X1 down the road, but how about something a little more inventive? Something like a high-revving, buttery V12 with enough torque to push the contraption well past 200 miles per hour. Dream a little dream, people.

Jim Hackett says metal tariffs costing Ford $1 billion in profits

Ford CEO Jim Hackett divulged in an interview with Bloomberg that the Trump administration's tariffs on metals imported from the European Union, Canada and Mexico have affected the automaker's balance sheet, adding that trade disputes need a quick resolution. "From Ford's perspective, the metals tariffs took about $1 billion in profit from us," Hackett told the outlet. "The irony is we source most of that in the U.S. today anyways. We're in a good place right now, but if it goes on longer there will be more damage." Hackett did not specify what period the $1 billion covered, but a Ford spokesman said the CEO was referring to internal forecasts at Ford for higher tariff-related costs in 2018 and 2019. President Trump in March announced his intention to enact 25 percent tariffs on steel imports and 10 percent on imported aluminum from the three trade zones as a way to protect the U.S. steel industry. The move sent U.S. automakers' stock prices plunging at a time when they were coming off weak monthly sales reports. Separately, President Trump has targeted China with two rounds of tariffs targeting a combined $260 billion worth of imports. China has responded by enacting 25-percent tariffs on U.S. goods including vehicle imports. In the interview, Hackett said that has hurt demand for Lincoln, which has found a growing market for its luxury vehicles in China, and made the price of the Lincoln MKC less attractive to Chinese buyers. The MKC is built at the company's Louisville, Ky. assembly plant. "We've had to move people in that factory to other operations because of that trade problem," he said. It's not clear what those moves entail or how many workers were involved. Autoblog sought comment from a Ford spokeswoman and will update this story if we hear back. Ford last month announced it was scrapping plans to import the Focus Active small crossover to the U.S. from China because of the new 25-percent tariffs on Chinese imports. Material from Reuters was used in this report Related Video: