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Ford Motor Co News
Ford Motor Co
Global carmakers to invest at least $90 billion in electric vehicles
Tue, Jan 16, 2018
That money is pouring in to a tiny sector that amounts to less than 1 percent of the 90 million vehicles sold each year and where Elon Musk`s Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player.
U.S. rejects Ford petition to delay recall of 3 million vehicles
Sat, Nov 18, 2017
The agency said it did not find the request by the second largest U.S. automaker "reasonable under the circumstances or supported by the testing and data it has collected to date."
Ford replaces CEO Mark Fields with James Hackett as challenges mount
Mon, May 22, 2017
Ford Motor Co on Monday announced replacing present chief executive officer (CEO) Mark Fields with James Hackett on account of growing concerns among investors over the US carmaker`s stock performance and prospects.
Ford sees lower 2017 profits, takes hit from pensions, Mexico
Thu, Jan 26, 2017
Ford Motor Co has reported a loss of $783 million in the fourth quarter of 2016.
Automakers, suppliers team up to share costs of self-driving cars
Sun, Jan 08, 2017
Automotive suppliers and automakers are expanding alliances to develop self-driving car technology that can serve multiple automakers, as the race to put such vehicles on the road separates companies that can go it alone from those that need help sharing the financial and technical burdens.
Volvo Cars raises $500 million in step towards IPO
Tue, Dec 20, 2016
Geely`s Volvo Cars have raised 5 billion Swedish crowns ($532 million) from a group of Swedish institutional investors in a step towards a listing of the Chinese-owned company.
Google, Ford, Uber plan to form coalition to further self-driving cars
Wed, Apr 27, 2016
The group said in a statement it will "work with lawmakers, regulators, and the public to realise the safety and societal benefits of self-driving vehicles."