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 courseMichigan'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.
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 yearFord 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 administrationโs evolving trade policy.
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 growthFord'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.
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 headquartersAbout 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan.
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.
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.โs profits this year, causing the company to lower its full-year earnings guidance.
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 declineFord Motor Co.โs first-quarter net income fell 24% from a year ago as the companyโs combustion engine vehicle unit saw revenue and sales decline.
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 fallโs contentious United Auto Workersโ strike changed the company's relationship with the union to the point where it will โthink carefullyโ 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.โs second-quarter profit more than tripled to $1.92 billion versus a year ago on stronger revenue and sales.
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, efficienciesThe sticker price on Fordโs 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.
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 โinto the racing business.โ.
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 Fordโs 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 declineFordโs 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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Union jobs? Ford's plan for new EV factories raises question
Read full article: Union jobs? Ford's plan for new EV factories raises questionFordโs 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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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 Americaโs 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 industryA new electric version of Fordโs immensely popular F-150 pickup truck might just be the catalyst that hastens Americaโs 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 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. 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.