Acura: “We’ll not be moving our manufacturing facility”
The company announced Tuesday it will no longer manufacture its Acura vehicles in Texas.
The announcement comes amid an ongoing federal investigation into allegations that Acura and other automakers used deceptive practices to raise prices and then misled consumers about the true cost of their vehicles.
In a statement, Acura said it has “concluded that the timing and nature of our announcement, in light of the ongoing federal investigations, is best for our company and our employees.”
The company will retain a plant in El Paso and will continue to manufacture parts for its vehicles.
Acura’s announcement comes in response to the ongoing investigation.
The automaker said it had been working with the Texas attorney general’s office to resolve the allegations.
Acurahazards car, truck and SUV sales fell 6.3% in the fourth quarter, the worst quarterly performance in nearly three years.
“This announcement is part of our continued commitment to maintain our long-term commitment to Texas,” Acura CEO Tadgeo Ahlborn said in a statement.
The company said it would continue to work with Texas authorities to determine the “whole scope of the investigation and the full extent of the damages” the state has suffered.