Ford reshuffling business layout

US auto giant Ford announced on Tuesday it plans to move its Focus production to China in 2019. The Dearborn-based automaker also announced on its website to invest $900 million in a Kentucky truck plant to produce all-new Ford Expedition and Lincoln Navigator. “Finding a more cost-effective way to deliver the next Focus program in North America is a better plan, allowing us to redeploy the money we save into areas of growth for the company — especially sport utilities, commercial vehicles, performance vehicles as well as mobility, autonomous vehicles and electrified vehicles,” said Joe Hinrichs, Ford executive vice-president and president of Global Operations. Ford said the North American Focus production at the Michigan Assembly Plant will remain until mid2018. Afterward, the Michigan Assembly plant will be converted to produce new Ranger pickup starting in late 2018, and the new Bronco SUV in 2020. Ryanair to grow its traffic to 200 million customers per annum by 2024. These new Max Gamechanger aircraft will reduce fuel consumption by up to 16 percent and reduce noise emissions by 40 percent, while offering 4 percent more seats per flights, allowing Ryanair to lower fares even further, the Dublinheadquartered airline said. the stock market, including the initial public offering and the rights issuance, was 90 billion won, down 96.8 percent from a month earlier. Debt financing tumbled 15.3 percent from a month earlier to 14.38 trillion won last month as sales of corporate bonds with a credit rating of AA or higher declined.