Afternoon Coffee: Ford Increases Mexico Production, Volkswagen to Offer ‘Generous’ Compensation to US Diesel Car Owners

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Ford is ramping up car production in Mexico. The automaker is building a new assembly plant in the country and plans to add 500,000 units to its annual production there, more than doubling its 2015 capacity.

Volkswagen will reportedly offer “generous” compensation packages to about 600,000 U.S. owners of VW’s diesel vehicles with faulty emissions systems. Kenneth Feinberg, who VW hired to lead the claims fund for the carmaker’s diesel emission scandal, told German newspaper Frankfurter Allgemeine Sonntagszeitung about the compensation but no specific amount has been disclosed.

There was a large drop in logistics jobs in January as companies shed extra staff added during the holidays. For example, the courier and messenger sector shed 14,400 jobs and the warehousing sector cut 400 jobs in January, according to recent Labor Department data.

All Chipotle locations are closed today until 3 p.m. local time as the food chain holds a company-wide meeting to discuss food safety changes. The meeting follows the multistate E. coli outbreaks linked to Chipotle that sickened about 55 people and hospitalized 21.

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