Tag: ford

April 9, 2021

General Motors announced a halt in production at several North American plants and Ford announced additional downtime at two plants, the latest disruptions to the auto supply chain because of a chip shortage. Shares for GM were down 1% on […]

March 18, 2021

BERLIN—Investors are piling into a long-neglected sector: old-school car makers that are reinventing themselves as electric-vehicle producers. After years lamenting that their shares were undervalued, Ford Motor Co. , General Motors Co., Volkswagen AG and other blue-chip car manufacturers are […]

February 17, 2021

Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to go “all-in” on electric vehicles in the years ahead. In plans announced Wednesday morning, Ford said […]

February 5, 2021

With President Biden dedicated to pushing electric vehicles as part of both his climate and trade policies, coupled with hot financial markets ready to finance nearly anything green, pressure is building on automakers to go beyond nibbling at the edges […]

February 4, 2021

A global semiconductor shortage is expected to slash Ford Motor Co.’s vehicle output by up to 20% in the first quarter of this year, illustrating how deeply the fallout from the computer-chip crunch has hit the car business. Ford said […]

January 21, 2021

After years of shunning the U.S.’s two largest car companies, investors are finally starting to kick the tires on General Motors Co. and Ford Motor Co. Ford shares have surged about 20% this week and have risen about 35% in […]

January 4, 2021

Ford Motor Co. said Monday that Mark LaNeve, vice president of U.S. marketing, sales and service since 2015, is leaving the company effective immediately to pursue the “next chapter of his professional life.” He will be replaced by Andrew Frick, […]

December 10, 2020

Solid Power, a battery startup backed by Ford Motor Co., said it’s on track to begin testing solid-state batteries for automotive production in early 2022, a signal it eventually could help established car companies move ahead in the EV space. […]

December 3, 2020

The automobile industry is undergoing a massive transition process in the past few years. And in recent days, it has gotten even faster and the future seems to be so good. Now, to be honest, this change must have been […]

December 2, 2020

Tight inventory levels of Ford Motor’s F-150 pickup due to pandemic-related plant shutdowns earlier this year and production starting for a redesigned model led to a 20.9% decrease in the automaker’s sales in November, the company said Wednesday. The Detroit […]

November 30, 2020

Ford Motor Co. has chosen its factory in Cologne, Germany, to build a mass-market electric car based on Volkswagen Group’s MEB electric architecture, local media reports said. The automaker will invest 1 billion euros ($1.2 billion) into the factory for […]

November 4, 2020

Ford Motor will release its U.S. vehicle sales on a monthly basis as well as quarterly after the company’s new CEO Jim Farley promised Wall Street greater transparency. The decision comes more than a year after the Detroit automaker followed […]

October 20, 2020

Ford Motor plans to launch its self-driving commercial business in 2022 with vehicles based on the Ford Escape Hybrid crossover, the company said Tuesday. The vehicles are the automaker’s fourth-generation self-driving test vehicles in partnership with Argo AI, a Pittsburgh-based […]

October 2, 2020

Sales of F-Series pickups and SUVs helped Ford Motor outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter. While Ford’s vehicle sales fell by just 4.9% from the same time last year, the […]

October 1, 2020

Ford Motor’s new CEO Jim Farley is shaking up the company’s top ranks and restructuring operations as the automaker struggles to bolster shareholder confidence and stay relevant in an increasingly competitive market. Farley, who succeeds Jim Hackett, is streamlining operations […]

September 9, 2020

Tesla may be down 30% in the past week, but don’t count the stock out, says Ascent Wealth Partners managing director Todd Gordon. The value of the stock, a frequent focus in the bull-bear debate, depends on how an investor […]

September 2, 2020

Ford Motor told employees Wednesday that it plans to trim its white collar workforce with buyouts for some salaried workers, according to an internal memo seen by CNBC. The company is hoping to voluntarily eliminate at least 1,400 jobs, spokesman […]

August 3, 2020

The Ford Motor Company is the second largest U.S. automaker, but the largest seller of police vehicles. Ford controls more than half the police vehicle market in the U.S., and has since at least 2014, the company told CNBC, citing […]

July 28, 2020

The coronavirus pandemic has brought the U.S. automotive industry to a standstill unlike any event has since World War II. Factories were shuttered, hundreds of thousands of employees were laid off and no new vehicles rolled off U.S. assembly lines […]

July 21, 2020

Ford Motor has developed a racing version of its upcoming all-electric Mustang Mach-E crossover with 1,400 horsepower and a top speed that’s not street legal. The company plans to use the prototype vehicle, which it’s calling the Mustang Mach-E 1400, […]