Ford shakes up top management three days after weak profit outlook

DETROIT (Reuters) – Ford Motor Co (F.N) on Friday named top executive Jim Farley its chief operating officer, positioning him as potential heir to Chief Executive Jim Hackett and shaking up its top management three days after a weak 2020 profit outlook. Farley, president of new businesses, technology and strategy, has been viewed as one of the potential successors to […]

Read more

Ford recalls more than 300,000 vehicles

Former Ford CEO questions whether Tesla’s competition can lure customers Former Ford CEO Mark Fields talks about Tesla’s success in the auto industry and the GM negotiations. Ford Motor Company has issued three safety recalls in North America, sending shares slightly lower ahead of the opening bell. Continue Reading Below Ticker Security Last Change Change % F FORD MOTOR COMPANY […]

Read more

Ford announces biggest electric vehicle charging network in North America

Ford secretly road-tests new electric Mustang SUV? FoxNews.com Automotive Editor Gary Gastelu on reports Ford secretly road-tested a new electric Mustang SUV. Ford has put together what it says is the biggest network for charging electric vehicles in North America. Continue Reading Below The automaker says more than 12,000 charging locations with more than 35,000 plugs will be available when their Mustang-inspired […]

Read more

Ford Will Put Most of India Operations Into Mahindra Venture

Ford Motor announced Tuesday that it would put most of its operations in India into a joint venture to be headed by the Indian vehicle maker Mahindra & Mahindra, a bid to stanch Ford’s losses there. Mahindra will own 51 percent of the joint venture, which will take control of Ford’s assembly plant near the city of Chennai and another […]

Read more

Ford, GM rev up electric pickup trucks to head off Tesla

Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century – with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back. Now, Ford and GM are racing to design radical new takes on their most profitable models, replacing petroleum-fueled […]

Read more

Ford Cut to Junk as Moody’s Doubts Hackett’s Turnaround Bid

In this article Ford Motor Co. was dealt a major blow by Moody’s Investors Service, which cut the carmaker’s credit rating to junk on doubts that a turnaround plan by Chief Executive Officer Jim Hackett will generate earnings and cash quickly enough. Moody’s downgraded Ford to the highest non-investment grade rating, Ba1, saying the automaker’s cash flow and profit margins […]

Read more

Ford To Add Jobs, Invest More In Chicago Plant

Ford Motor Co. will reportedly invest another $50 million in its Chicago operations to build its police vehicles as well as hybrid electric SUVs. It will also create 450 jobs. The investment is on top of a $1 billion investment in Ford’s Chicago assembly and stamping factories previously announced by the automaker. The facility will also build other models such […]

Read more

Ford results dented by restructuring, gives low '19 forecast

DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analyst expectations. Ford shares fell 7 percent in after-hours trading. Virtually all of Ford’s second-quarter pre-tax profit came from North America, its […]

Read more
1 2 3 7