Ford Motor Co

Chennai design engine powers automotive giant Ford's global successes

Ford Business Solutions in the city behind popular models, such as F-Series, Explorer, Transit, and Ranger

Darren Walker, prez of Ford Foundation, to step down by end of 2025

If there are rock stars in philanthropy, Darren Walker, the president of the Ford Foundation, is one of them. And he's about to exit the stage. Walker, 64, has been named one of Rolling Stone's 25 People Shaping the Future and Time's 100 Most Influential People as he led one of the original American philanthropies since 2013. The foundation said Monday that he will step down from his role by the end of 2025. A search committee has been convened to find Walker's replacement, said Ford Foundation board chair Francisco Cigarroa. Walker "has guided Ford through some of the most challenging moments of our time with grace, kindness, and empathy, and his tenure will be remembered as one of the most consequential periods in the institution's nearly 90-year history, Cigarroa said in a statement. A former corporate attorney and chief operating officer of the Harlem-based Abyssinian Development Corporation, Walker oversaw major investments in advocating for gender equity and disability rights

Donald Petersen, CEO who pulled Ford out of 1980s crisis, dies at 97

Under Petersen, Ford's ad slogan became 'Quality is Job One'

Ford Motor announces top management reshuffle as UAW strike drags on

Automakers are dealing with ongoing strikes by the United Auto Workers union that has led to total economic losses of $7.7 billion through Oct. 12

JSW Group may acquire Ford Motor's Chennai plant to manufacture EVs: Report

The talks to acquire the Ford plant in Chennai started a couple of months ago and are now in an advanced stage, a report said on Wednesday

Ford to cut hundreds of US salaried workers to boost profit, lower costs

The automaker is cutting engineers in all three areas of its business, EVs, traditional internal combustion-engine models and commercial vehicles, said T.R. Reid, a company spokesman

Elon Musk advises Toyota to join NACS; all you need to know about it

NACS stands for North American Charging Standard (NACS) which was previously known as a Tesla charging connector. It has been developed by Tesla Inc

Ford CEO Farley out to prove Wall Street wrong on 'crazy high' EV goal

Wall Street still needs a lot of convincing. Ford projects losses from its EV unit to be $3 billion this year. Meanwhile, Tesla continues to dominate the US market and has been cutting prices

Ford's upcoming electric pickup truck will drive itself, says CEO

Ford Motor Co. plans to make driver-assistance features central to the next electric F-Series pickup - so much so that you might be able to take a snooze at 60 miles per hour

Ford stops production, halts shipment of electric F-150 after battery fire

Ford Motor Co. has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check. Production at Ford's Rouge Electric Vehicle Center in Dearborn, Michigan, has been stopped until at least the end of next week. The automaker said in a statement Wednesday night it has no reason to believe electric pickups already in use by customers are affected by the battery issue. By the end of next week, we expect to conclude our investigation and apply what we learn to the truck's battery production processes, Ford spokeswoman Emma Berg said in the statement. This could take a few weeks. The fire happened at an outdoor lot nearby in Dearborn where vehicles are held for quality checks. The truck with the battery problem and two nearby vehicles were damaged by the fire, Berg said. No injuries were reported. The company believes it has identified the root cause of the battery problem, including the likely population

Ford to build $3.5 bn EV battery plant in Michigan, employ 2,500 people

Ford Motor Co. plans to build a $3.5 billion electric vehicle battery plant about 100 miles (160 kilometers) west of Detroit that would employ about 2,500 people. The plant was revealed Monday at a meeting of the Michigan Strategic Fund, which approved a large tax incentive package for the project near the city of Marshall. It will be built on a site that's being readied for industrial development near the junction of Interstates 94 and 69. Gabby Bruno, director of economic development for Ford, said there was no lack of competition for this project. She said Michigan competed against numerous states and countries to secure the investment. Ford has scheduled press conferences later Monday to make electric vehicle announcements. About $210 million for the Ford plant came from Michigan's Strategic Outreach and Attraction Reserve Fund, known as SOAR, set up to lure industry and jobs to the state. But the total size of the incentive package wasn't clear. The SOAR Fund has received n

Ford Motor Co posts lower profit, issues downbeat outlook; shares drop

Ford Motor Co said quarterly profits fell and automaker predicted a difficult year ahead, sending its shares down after bell as investors were disappointed

Georgia pickup truck crash cases: Ford to appeal $1.7 billion verdict

Ford Motor Co. plans to appeal a USD 1.7 billion verdict against the automaker after a pickup truck crash that claimed the lives of a Georgia couple, a company representative said on Sunday. Jurors in Gwinnett County, just northeast of Atlanta, returned the verdict late last week in the yearslong civil case involving what the plaintiffs' lawyers called dangerously defective roofs on Ford pickup trucks, lawyer James Butler Jr. said on Sunday. Melvin and Voncile Hill were killed in April 2014 in the rollover wreck of their 2002 Ford F-250. Their children Kim and Adam Hill were the plaintiffs in the wrongful death case. While our sympathies go out to the Hill family, we do not believe the verdict is supported by the evidence, and we plan to appeal, Ford said in a statement to The Associated Press on Sunday. Butler said he was stunned by evidence in the case. I used to buy Ford trucks, Butler said on Sunday. I thought nobody would sell a truck with a roof this weak. The damn thing is

Manganese and a Chinese company might help India grab a slice of the EV pie

After effectively popularizing safer and cheaper lithium iron phosphate, or LFP, chemistry for EV batteries, China's Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix

Volkswagen, Mahindra & Mahindra sign agreement to collaborate on EVs

The Volkswagen, Mahindra & Mahindra agreement comes in less than 6 months after Mahindra brought the curtains down on all kinds of collaborations with Ford Motor Co on December 31, 2021.

Ford set to announce plans to run EV, ICE as separate businesses: Report

The two units will have separate names but will remain under the Ford corporate umbrella.

Ford reconsiders India after halting production, this time for EVs

In a statement on Friday, the company said it was 'exploring the possibility of using a plant in India as an export base for EV manufacturing'

Ford, SK Innovations to invest $11.4 bn on electric truck, battery plants

The project will create two vast sites to produce electric vehicles and the batteries to power them, employing nearly 11,000 workers, the companies said Monday

Ford to recall 2.9 mn vehicles due to potentially defective Takata air bags

Ford said it will begin notifying owners April 1 in its new recall of 2.9 mn vehicles in North America with potentially defective driver-side Takata air bags after US regulators demanded the fix

Ford to switch to all-electric car range in Europe by 2030

The carmaker said it will invest $1 billion to convert its vehicle assembly plant in Cologne, Germany, to become the US automaker's first electric vehicle facility in Europe