BREAKING NEWS
Which US companies are pulling back on diversity initiatives?
Read full article: Which US companies are pulling back on diversity initiatives?Facebook and Instagram parent company Meta is joining a growing list of companies that are pulling back on diversity, equity and inclusion initiatives.
Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting
Read full article: Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cuttingStubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company to lower its full-year earnings guidance.
CEO of Ford demands Red Bull resolution of investigation into team principal Christian Horner
Read full article: CEO of Ford demands Red Bull resolution of investigation into team principal Christian HornerThe CEO of Ford Motor Co. has insisted on a resolution into the investigation of Red Bull team principal Christian Horner in a letter sent to the team.
Ford CEO says company will rethink where it builds vehicles after last year's autoworkers strike
Read full article: Ford CEO says company will rethink where it builds vehicles after last year's autoworkers strikeFord's top executive says that last fall’s contentious United Auto Workers’ strike changed the company's relationship with the union to the point where it will “think carefully” about where it builds future vehicles.
United Auto Workers strikes spread as 7,000 more workers at two plants join the picket line
Read full article: United Auto Workers strikes spread as 7,000 more workers at two plants join the picket lineThe United Auto Workers union expanded its strikes against Detroit automakers, ordering 7,000 more workers to walk off the job in Illinois and Michigan.
UAW poised for midnight strike at plants in Wayne, Michigan, Toledo, Ohio, and Wentzville, Missouri
Read full article: UAW poised for midnight strike at plants in Wayne, Michigan, Toledo, Ohio, and Wentzville, MissouriThe United Auto Workers union says it will go on strike at three factories as it presses Detroit companies to come up with better wage and benefit offers.
Ford lures Apple executive to oversee its new software subscription services unit
Read full article: Ford lures Apple executive to oversee its new software subscription services unitFord has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners.
Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains
Read full article: Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing painsFord Motor Co.’s second-quarter profit more than tripled to $1.92 billion versus a year ago on stronger revenue and sales.
Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles
Read full article: Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehiclesFord Motor Co. is going through another round of white-collar job cuts as the company continues to reduce costs amid a transition to electric vehicles.
Ford to bring Mustang back to Le Mans under company rebranding
Read full article: Ford to bring Mustang back to Le Mans under company rebrandingFord has planned a return to the 24 Hours of Le Mans with its iconic Mustang muscle car next year under a massive rebranding of Ford Performance that is aimed at bringing the automotive manufacturer “into the racing business.”.
Ford electric vehicle owners to get access to Tesla Supercharger network starting next spring
Read full article: Ford electric vehicle owners to get access to Tesla Supercharger network starting next springAll of Ford‘s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next spring.
Ford decides to keep AM radio on 2024 models, will restore AM on two electric vehicles from 2023
Read full article: Ford decides to keep AM radio on 2024 models, will restore AM on two electric vehicles from 2023Owners of new Ford vehicles will be able to tune in to AM radio in their cars, trucks and SUVs after all.
Ford's Farley: Cut costs, improve quality and boost margins through software and services
Read full article: Ford's Farley: Cut costs, improve quality and boost margins through software and servicesFord CEO Jim Farley says his company is remaking itself by cutting costs, raising quality and offering software, services and new vehicles that will make profit margins among the best in the industry.
Ford shuffles management, seeks new global supply chain head
Read full article: Ford shuffles management, seeks new global supply chain headFord is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages.
Ford CEO sees electric vehicle price war as EV costs decline
Read full article: Ford CEO sees electric vehicle price war as EV costs declineFord’s chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000.
Green energy takes hold in unlikely places with Ford project
Read full article: Green energy takes hold in unlikely places with Ford projectWhen Ford revealed plans to ramp up its commitment to the electric vehicle sector, the automaker chose two states where Republican leaders have vilified the push for green energy and defended fossil fuels.
Ford pulls plug on India production after decade of losses
Read full article: Ford pulls plug on India production after decade of lossesFord say it’s going to stop making vehicles for sale in India immediately as part of its efforts to return its business there to profitability, resulting in the loss of approximately 4,000 jobs.
Ford CEO says US needs to regulate automated driving systems
Read full article: Ford CEO says US needs to regulate automated driving systemsThe CEO of America’s second-largest auto company is calling for the federal government to set standards for fully or partially automated vehicles to tighten the safety of electronic driving systems.
Ford CEO: Electric vehicle demand will transform industry
Read full article: Ford CEO: Electric vehicle demand will transform industryA new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery powered vehicles.
Ford posts profit, says chip shortage may cut production 50%
Read full article: Ford posts profit, says chip shortage may cut production 50%Ford posted a surprising $3.26 billion profit in the first quarter, but the company says a worsening global computer chip shortage could cut its production in half during the current quarter.
New Ford CEO replaces CFO, pledges stronger profit margins
Read full article: New Ford CEO replaces CFO, pledges stronger profit marginsOn his first day in Fords top job, new CEO, Farley is replacing the companys chief financial officer and announcing other structural and management changes. (AP Photo/Richard Drew, File)DETROIT – On his first day in Ford's top job, CEO Jim Farley is replacing the company's chief financial officer and announcing other structural and management changes. The company says in a prepared statement Thursday that Chief Financial Officer Tim Stone is leaving Oct. 15 to be chief operating officer at a small artificial intelligence company. Stone had a short tenure at Ford, joining the company from Amazon in April of last year. In August Ford named Farley, 58, as its new CEO effective Thursday.