Joe Hinrichs, Ford Motor Co.’s president of the Americas, said Wednesday he doesn’t envision a run on all-aluminum cars if Ford’s aluminum-bodied F-150 is successful.
Speaking at the Automotive News World Congress, Hinrichs said the launch of the new truck — which on Monday won the North American Truck of the Year award — is going “pretty well,” but that Ford will likely keep the aluminum bodies on its truck side, the Detroit News reported.
“One of the big benefits you get from light-weighting … you can tow more and haul more,” he said. “You don’t get those same benefits to a customer on the car side. Truck buyers will pay for more capability, car buyers will pay for better fuel economy, but there’s other ways to get fuel economy in a car without the need to provide more capability.
Staying around $1,766 per metric ton for the day, the aluminum cash price remained flat on the LME. The 3-month price of aluminum saw little price change yesterday on the LME at $1,782 per metric ton. After dropping for two days, the cash price of primary Indian aluminum flattened at INR 110.65 ($1.79).
Chinese aluminum prices closed flat for the day. Chinese aluminum scrap stayed flat at around CNY 11,900 ($1,921) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 13,200 ($2,131) per metric ton. Following two days of downward movement, the price of Chinese aluminum bar held steady at CNY 12,500 ($2,018) per metric ton. The cash price of Chinese aluminum flattened at CNY 12,490 ($2,016) following two-days of declines.