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Ford Motor

Ford, UAW reach tentative deal to end strike including record pay raise

Ford, UAW reach tentative deal to end strike including record pay raise

Thu, Oct 26, 2023

The UAW was preparing to strike at a key Ford facility in Dearborn this week if it had not reached agreement after striking at additional GM and Stellantis facilities this week.

Ford pauses work on $3.5 billion battery plant in Michigan

Ford pauses work on $3.5 billion battery plant in Michigan

Tue, Sep 26, 2023

Ford has been awaiting guidance to determine if batteries operated by the Marshall plant would run afoul of the requirements.

Unifor says Ford offers wage increases of 10% for first year

Unifor says Ford offers wage increases of 10% for first year

Sun, Sep 24, 2023

Ford is also in the midst of contract negotiations in the U.S. with a strike by the United Auto Workers (UAW) union at its at the automaker's Wayne, Michigan assembly plant.

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Ford layoffs 2022: American automobile major sacks 3,000 employees

Ford layoffs 2022: American automobile major sacks 3,000 employees

Tue, Aug 23, 2022

The email, signed by Executive Chairman Bill Ford and Chief Executive Jim Farley, said Ford is changing the way it operates and redeploying resources as it embraces new technologies that were not previously core to its operations, such as developing advanced software for its vehicles.

FORD-MAHINDRA - Covid 19 takes a toll as auto joint venture called off; This is what companies said!

FORD-MAHINDRA - Covid 19 takes a toll as auto joint venture called off; This is what companies said!

Fri, Jan 01, 2021

Ford Motor Co said on Thursday it was calling off its automotive joint venture with India`s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. (https://ford.to/2X2V6Gg)

Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employees

Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employees

Wed, Nov 25, 2020

Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc`s COVID-19 vaccine, a move aimed at ensuring the U.S. automaker`s workers have access to vaccines when they are rolled out nationally

Ford Motor issues $8 billion debt securities after Coronavirus causes $2 billion loss

Ford Motor issues $8 billion debt securities after Coronavirus causes $2 billion loss

Sat, Apr 18, 2020

Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter.

Ford Motor to lay off around 200 workers at Canadian plant

Ford Motor to lay off around 200 workers at Canadian plant

Sat, Jul 20, 2019

Robert Gibson, spokesman for Ontario`s minister of economic development, said the provincial government is disappointed to learn of the layoffs.

Ford likely to end independent India business as joint venture talks with Mahindra in final stage: Sources

Ford likely to end independent India business as joint venture talks with Mahindra in final stage: Sources

Wed, Apr 10, 2019

Under the terms of the deal being negotiated, Ford will form a new unit in India in which it will hold a 49 percent stake, while Mahindra will own 51 percent , the two sources said.

Ford Motor cuts 2018 profit forecast; tariffs, China sales hurt second quarter

Ford Motor cuts 2018 profit forecast; tariffs, China sales hurt second quarter

Thu, Jul 26, 2018

Ford reported its second-quarter net profit fell by almost half, missing analyst expectations, due to a fire at a parts supplier that disrupted production of its popular pickup trucks, while falling sales and tariffs hurt the automaker`s business in China.

Relationship goals: Ford Motor tries to rebuild trust with China partners to reverse sales slump

Relationship goals: Ford Motor tries to rebuild trust with China partners to reverse sales slump

Mon, Mar 19, 2018

Ford sales fell 6 percent last year even as overall vehicle sales in China rose 3 percent. Sales during the first two months of this year are down 23 percent. Fleet said the company was looking beyond the sales numbers to focus on "structural priorities". "I think our partnerships are in good shape, and I want them to be even better,” Fleet said in an interview with Reuters.

Ford Motor's 2017 profit misses Wall Street estimates

Ford Motor's 2017 profit misses Wall Street estimates

Wed, Jan 17, 2018

Ford`s highly profitable F-series large pickup franchise will face aggressive challenges from GM and Fiat Chrysler Automobiles NV as those rivals crank up their own respective production of new generations of large pickups.

Ford plans $11 billion investment, 40 electric vehicles by 2022

Ford plans $11 billion investment, 40 electric vehicles by 2022

Mon, Jan 15, 2018

Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

Ford urges 2,900 pickup owners to stop driving after new Takata death

Ford urges 2,900 pickup owners to stop driving after new Takata death

Fri, Jan 12, 2018

The second largest US automaker said it confirmed in late December that a July 2017 crash death in West Virginia in a 2006 Ford Ranger was caused by a defective Takata inflator. It previously reported a similar death in South Carolina that occurred in December 2015.

Ford to cut $14 billion in costs by investing in trucks, electric cars

Ford to cut $14 billion in costs by investing in trucks, electric cars

Wed, Oct 04, 2017

The US automaker would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars.

Here's why automobile firms like Mahindra, Ford forge alliances despite several failures

Here's why automobile firms like Mahindra, Ford forge alliances despite several failures

Wed, Sep 20, 2017

Mahindra & Mahindra tied up with Ford Motor to look at a strategic alliance that will help both companies in the Indian as well as global markets

Mahindra, Ford to explore strategic tie-up in India, emerging markets for 3 years

Mahindra, Ford to explore strategic tie-up in India, emerging markets for 3 years

Mon, Sep 18, 2017

Teams from both companies will collaborate and work together for a period of up to three years. Any further strategic cooperation between the two companies will be decided at the end of that period.

Tesla's Musk hands over first Model 3 electric cars to early buyers

Tesla's Musk hands over first Model 3 electric cars to early buyers

Sat, Jul 29, 2017

Outside Tesla`s Fremont, California factory, Musk showed off the $35,000 base vehicle with a range of 220 miles (350 km) on a charge that marks a departure from the company`s earlier luxury electric cars.

Auto CEOs want Trump to order review of 2025 fuel rules

Auto CEOs want Trump to order review of 2025 fuel rules

Mon, Feb 13, 2017

The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025.

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