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JIM FARLEY


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2 days ago

Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant

Read full article: Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant

Ford says it will invest nearly $2 billion to retool a Kentucky plant to produce electric vehicles.

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Whitmer told Trump in private that Michigan auto jobs depend on a tariff change of course

Read full article: Whitmer told Trump in private that Michigan auto jobs depend on a tariff change of course

Michigan's governor met privately with President Donald Trump to urge him to change course on tariffs that are having a big impact on automakers in her state.

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Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

Read full article: Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year and is withdrawing its full-year financial guidance due to the uncertainty created by the Trump administrationโ€™s evolving trade policy.

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Ford CEO welcomes relief on tariffs but says more work is needed on trade policies to spur growth

Read full article: Ford CEO welcomes relief on tariffs but says more work is needed on trade policies to spur growth

Ford's top executive is welcoming revisions to auto import rules but says more work is needed to craft trade policies that spur growth in the U.S. auto industry.

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Ford shows off a treasure trove of rarely seen vehicles to a select few at its Michigan headquarters

Read full article: Ford shows off a treasure trove of rarely seen vehicles to a select few at its Michigan headquarters

About 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan.

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Which US companies are pulling back on diversity initiatives?

Read full article: Which US companies are pulling back on diversity initiatives?

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.

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US auto industry could be collateral damage in Trump's trade wars

Read full article: US auto industry could be collateral damage in Trump's trade wars

President Donald Trumpโ€™s trade wars threaten to claim a casualty on the home front: the American auto industry.

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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 cutting

Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.โ€™s profits this year, causing the company to lower its full-year earnings guidance.

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Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline

Read full article: Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline

Ford Motor Co.โ€™s first-quarter net income fell 24% from a year ago as the companyโ€™s combustion engine vehicle unit saw revenue and sales decline.

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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 Horner

The 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.

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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 strike

Ford's top executive says that last fallโ€™s contentious United Auto Workersโ€™ strike changed the company's relationship with the union to the point where it will โ€œthink carefullyโ€ about where it builds future vehicles.

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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 line

The United Auto Workers union expanded its strikes against Detroit automakers, ordering 7,000 more workers to walk off the job in Illinois and Michigan.

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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, Missouri

The 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.

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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 unit

Ford has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners.

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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 pains

Ford Motor Co.โ€™s second-quarter profit more than tripled to $1.92 billion versus a year ago on stronger revenue and sales.

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Ford slashes prices for F-150 Lightning electric vehicles due to cheaper raw materials, efficiencies

Read full article: Ford slashes prices for F-150 Lightning electric vehicles due to cheaper raw materials, efficiencies

The sticker price on Fordโ€™s F-150 Lightning electric pickup is being lowered by thousands of dollars due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.

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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 vehicles

Ford 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.

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Ford to bring Mustang back to Le Mans under company rebranding

Read full article: Ford to bring Mustang back to Le Mans under company rebranding

Ford 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 โ€œinto the racing business.โ€.

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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 spring

All of Fordโ€˜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.

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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 2023

Owners of new Ford vehicles will be able to tune in to AM radio in their cars, trucks and SUVs after all.

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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 services

Ford 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.

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Ford's Tenn. plant could make 500K electric pickups a year

Read full article: Ford's Tenn. plant could make 500K electric pickups a year

Ford says its new assembly plant under construction in western Tennessee will be able to build up to 500,000 electric pickup trucks a year at full production.

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Ford 4Q profit drops 90%, company says more cost cuts coming

Read full article: Ford 4Q profit drops 90%, company says more cost cuts coming

Ford says its fourth-quarter net income fell 90% from a year earlier.

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Ford quality chief retires as CEO tries to boost reliability

Read full article: Ford quality chief retires as CEO tries to boost reliability

Ford Motor Co.โ€™s top quality executive is retiring as the company continues to struggle with high warranty claims and reliability issues.

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Ford shuffles management, seeks new global supply chain head

Read full article: Ford shuffles management, seeks new global supply chain head

Ford 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.

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Ford cutting 3,000 white-collar jobs in bid to lower costs

Read full article: Ford cutting 3,000 white-collar jobs in bid to lower costs

Ford Motor Co. is cutting about 3,000 white-collar workers as it moves reduce costs and make the transition from internal combustion to electric vehicles.

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Ford CEO sees electric vehicle price war as EV costs decline

Read full article: Ford CEO sees electric vehicle price war as EV costs decline

Fordโ€™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.

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Ford's fork in the road: EV, internal combustion are split

Read full article: Ford's fork in the road: EV, internal combustion are split

Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology.

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Ford CEO: No plan to spin off EV business, but change coming

Read full article: Ford CEO: No plan to spin off EV business, but change coming

The CEO of Ford Motor Co. says the automaker has no plans to spin off its electric vehicle or internal combustion businesses.

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Union jobs? Ford's plan for new EV factories raises question

Read full article: Union jobs? Ford's plan for new EV factories raises question

Fordโ€™s blockbuster announcement this week that it would build four vast new factories in Kentucky and Tennessee by 2025 and hire nearly 11,000 workers raised a big unanswered question: Just how good will those jobs be.

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After exiting Brazil, Ford pulls plug on production in India

Read full article: After exiting Brazil, Ford pulls plug on production in India

Ford is ending auto production in India after logging accumulated operating losses of more than $2 billion over the past 10 years.

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Ford: Electric vehicles to be 40% of global sales by 2030

Read full article: Ford: Electric vehicles to be 40% of global sales by 2030

Ford says it expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to the amount itโ€™s spending to develop them.

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Ford CEO says US needs to regulate automated driving systems

Read full article: Ford CEO says US needs to regulate automated driving systems

The CEO of Americaโ€™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.

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Ford CEO: Electric vehicle demand will transform industry

Read full article: Ford CEO: Electric vehicle demand will transform industry

A new electric version of Fordโ€™s immensely popular F-150 pickup truck might just be the catalyst that hastens Americaโ€™s transition from gasoline to battery powered vehicles.

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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.

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New Ford CEO replaces CFO, pledges stronger profit margins

Read full article: New Ford CEO replaces CFO, pledges stronger profit margins

On his first day in Fords top job, new CEO, Farley is replacing the companys chief financial officer and announcing other structural and management changes. The company says in a statement Thursday, Oct. 1, 2020 that Chief Financial Officer Tim Stone is leaving Oct. 15 to be chief operating officer at a small artificial intelligence company. (AP Photo/Richard Drew, File)DETROIT โ€“ 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. The company has plans to grow revenue and hit a sustained 8% pretax profit margin.

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