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Ford Motor News
FORD-MAHINDRA - Covid 19 takes a toll as auto joint venture called off; This is what companies said!
Fri, Jan 01, 2021
Ford Motor Co said on Thursday it was calling off its automotive joint venture with India`s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. (https://ford.to/2X2V6Gg)
Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employees
Wed, Nov 25, 2020
Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc`s COVID-19 vaccine, a move aimed at ensuring the U.S. automaker`s workers have access to vaccines when they are rolled out nationally
Ford Motor issues $8 billion debt securities after Coronavirus causes $2 billion loss
Sat, Apr 18, 2020
Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter.
Ford Motor to lay off around 200 workers at Canadian plant
Sat, Jul 20, 2019
Robert Gibson, spokesman for Ontario`s minister of economic development, said the provincial government is disappointed to learn of the layoffs.
Ford likely to end independent India business as joint venture talks with Mahindra in final stage: Sources
Wed, Apr 10, 2019
Under the terms of the deal being negotiated, Ford will form a new unit in India in which it will hold a 49 percent stake, while Mahindra will own 51 percent , the two sources said.
Ford Motor cuts 2018 profit forecast; tariffs, China sales hurt second quarter
Thu, Jul 26, 2018
Ford reported its second-quarter net profit fell by almost half, missing analyst expectations, due to a fire at a parts supplier that disrupted production of its popular pickup trucks, while falling sales and tariffs hurt the automaker`s business in China.
Relationship goals: Ford Motor tries to rebuild trust with China partners to reverse sales slump
Mon, Mar 19, 2018
Ford sales fell 6 percent last year even as overall vehicle sales in China rose 3 percent. Sales during the first two months of this year are down 23 percent. Fleet said the company was looking beyond the sales numbers to focus on "structural priorities". "I think our partnerships are in good shape, and I want them to be even better,” Fleet said in an interview with Reuters.
Ford Motor's 2017 profit misses Wall Street estimates
Wed, Jan 17, 2018
Ford`s highly profitable F-series large pickup franchise will face aggressive challenges from GM and Fiat Chrysler Automobiles NV as those rivals crank up their own respective production of new generations of large pickups.
Ford plans $11 billion investment, 40 electric vehicles by 2022
Mon, Jan 15, 2018
Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.
Ford urges 2,900 pickup owners to stop driving after new Takata death
Fri, Jan 12, 2018
The second largest US automaker said it confirmed in late December that a July 2017 crash death in West Virginia in a 2006 Ford Ranger was caused by a defective Takata inflator. It previously reported a similar death in South Carolina that occurred in December 2015.
Ford to cut $14 billion in costs by investing in trucks, electric cars
Wed, Oct 04, 2017
The US automaker would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars.
Here's why automobile firms like Mahindra, Ford forge alliances despite several failures
Wed, Sep 20, 2017
Mahindra & Mahindra tied up with Ford Motor to look at a strategic alliance that will help both companies in the Indian as well as global markets
Mahindra, Ford to explore strategic tie-up in India, emerging markets for 3 years
Mon, Sep 18, 2017
Teams from both companies will collaborate and work together for a period of up to three years. Any further strategic cooperation between the two companies will be decided at the end of that period.
Tesla's Musk hands over first Model 3 electric cars to early buyers
Sat, Jul 29, 2017
Outside Tesla`s Fremont, California factory, Musk showed off the $35,000 base vehicle with a range of 220 miles (350 km) on a charge that marks a departure from the company`s earlier luxury electric cars.
Auto CEOs want Trump to order review of 2025 fuel rules
Mon, Feb 13, 2017
The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025.