Page 2 - Ford Motor

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

Ford furloughs another 500 workers due to United Auto Workers strike

UAW struck GM's Lansing Delta Township assembly plant that makes Buick Enclave and Chevrolet Traverse SUVs after previously striking at GM's Missouri assembly plant and 18 parts distribution centers

Ford pausing construction of Michigan battery plant amid contract talks

Ford Motor Co. has said that it's pausing construction of a USD3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. Marshall is about 160 kilometres west of Detroit and is near two major interstate highways. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. There are a number of considerations, he said in an email. We haven't made any final decision about the planned investment there.

Ford Motor gives raise to 8,000 UAW workers ahead of strike deadline

The raises, negotiated in the 2019 contract with the UAW, lift the pay of the workers by $4.33 an hour, or $9,000 a year, the automaker said in a statement

Vietnam firm 'VinFast Auto' jumps 270%, beats GM, Ford in valuation

VinFast CEO Thuy said on Tuesday the EV maker would be shifting to a new "hybrid model" for sales, bringing in distributors and dealers for overseas markets

Ford slashes prices on electric version of F-150 truck by up to 17%

The cuts reverse price hikes Ford implemented over the last year that had raised the starting sticker price on its debut battery-powered truck by 50%.

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

Ford urges owners of Lincoln SUVs to park outdoors as they can catch fire

Ford is telling owners of more than 140,000 SUVs in the US to park them outside because they can catch fire even when the engines are turned off. The company is recalling certain Lincoln MKC SUVs from the 2015 to 2019 model years. Ford says a short-circuit can develop in the 12-volt battery monitor sensor. It can overheat and cause an engine compartment fire while parked or in motion. Owners are urged to park away from structures until the recall repair is made. The sensors can be damaged when the battery or related electrical parts are serviced. Ford says in documents posted on Friday by the National Highway Traffic Safety Administration that it has 19 reports of fires that may be related to the problem in the US, China and Canada. The company said it's not aware of any injuries. Dealers will add a fuse to the battery monitor sensor power circuit. Owners will be notified by letter starting June 26.

Tesla Superchargers may become the standard for EV charging: Ford CEO

Farley told CNBC that General Motors and other automakers are going to "have a big choice to make" in selecting between Tesla's EV chargers and the Combined Charging System

Ford Motor Co to cut 1,100 jobs in Spain after other European layoffs

Ford Motor Co. announced Friday that it will cut around 1,100 jobs at its plant in the eastern Spanish city of Valencia. The cuts are in addition to the 2,300 layoffs largely in Germany and the U.K. that the automaker announced last month as part of a leaner, more competitive cost structure in Europe. Ford Spain said in a statement that it notified unions on Friday of what it said was a profound restructuring of its operations, which comes even as Ford champions the Valencia plant as its preferred site to assemble next-generation electric vehicles on the continent. The plant is Ford's only such facility in Spain and employed 5,400 people. Ford has said its strategy to offer an all-electric fleet in Europe by 2035 has not changed and that production of its first European-built electric car is due to start later this year. The cuts were mainly due to the already announced discontinuing production of the S-Max and Galaxy models in April 2023, Ford Spain said in an email. In January,

Ford halts production, shipments of electric truck due to battery issue

US automaker Ford has stopped the production and shipments of its electric F-150 Lightning pickup owing to a battery issue.

Ford to cut 3,800 jobs over next 3 years in Europe, mostly in Germany, UK

Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic headwinds and increasing competition on electric cars. The automaker said that 2,300 jobs will go in Germany, 1,300 in the UK and 200 elsewhere on the continent. It said that its strategy to offer an all-electric fleet in Europe by 2035 is unchanged and that production of its first European-built electric car is due to start later this year. The company said it is looking for a leaner, more competitive cost structure for Ford in Europe. It said that it will embark on consultations with the intent to achieve the reductions through voluntary separation programmes. Ford aims to cut 2,800 of the jobs in engineering by 2025, a result of the transition to electric cars that are less complex, though it plans to keep around 3,400 engineering jobs in Europe. The remaining 1,000 jobs will be cut on the administrative side. These are difficu

Ford Motor's shares tumble as CEO says $2 bn profit left 'on table'

Ford shares fell as much as 11% Friday in New York, the biggest intraday decline since September 20

Roadblocks on exit route: GM, Ford struggle with lingering staff problems

The two Detroit majors are struggling with lingering employee problems as they seek to drive out of the Indian market

Tata Steel inks pact with Ford to supply green steel from the Netherlands

Tata Steel has inked an agreement with American carmaker Ford to supply "zeremis green steel" from its Netherlands-based IJmuiden plant after the unit shifts to hydrogen-based steel making. In Europe, Tata Steel is working to switch to low-carbon technologies to manufacture steel in the UK and the Netherlands. The company's both businesses Tata Steel UK and Tata Steel Nederland have been developing detailed plans for transition to low CO2 technologies in line with the company's goal to produce CO2-neutral steel by 2050 in Europe, company's CEO & MD T V Narendran and Executive Director and CFO Koushik Chatterjee earlier said. "Tata Steel Nederland has signed a memorandum of understanding with Ford in Europe to supply the carmaker with Zeremis green steel once the IJmuiden steelworks switches to green hydrogen-based steelmaking," a statement said. The agreement makes Ford the first customer committed to offtake the green steel that Tata Steel plans to produce via the hydrogen route,

Tesla stock slides as logistic issues widen deliveries and production gap

Shares opened at a more than two-month low and if losses hold, Tesla would lose nearly $58 bn in m-cap in a single day, more than the market value of General Motors as well as Ford Motor

Ford confirms laying off 3,000 employees as company's focus on EV sharpens

The US-based car maker Ford Motor has reportedly confirmed that it is laying off roughly 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada and India

Ford cuts 3,000 jobs in North America, India as it pivots to EVs, software

Rising prices for batteries, raw materials and shipping are putting additional pressure on Ford and other automakers

Georgia jury awards $1.7 billion in Ford Motors pickup truck crash case

A Georgia jury has returned a $1.7 billion verdict against Ford Motor Co. involving a pickup truck crash that claimed the lives of a Georgia couple, their lawyers confirmed. 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 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. 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 useless in a wreck. You might as well drive a convertible. Ford did not immediately respond to requests for comment Sunday. But in closing arguments, lawyers hired by the company defended the actions of Ford and its engineers. The Michigan-based automaker sought

Ford India Unions call off month-long strike, return to discussion table

Company revises severance package to 121 days from 115 earlier