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Keyword: fordmotor

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  • Ford is about to break out big EV losses for the first time

    03/22/2023 10:50:40 AM PDT · by Oldeconomybuyer · 84 replies
    CNBC ^ | March 22, 2023 | by Michael Wayland
    DETROIT – Ford Motor is about to tell investors what they’ve long wondered: How much is the transition to electric vehicles costing? The automaker on Thursday plans to begin reporting its financial results by business unit, instead of by region, ushering in the new reporting structure with a “teach-in” for analysts and media. Deutsche Bank analyst Emmanuel Rosner believes Ford could be incurring gross losses of about $9,000 per EV sold. The analyst expects Ford to reveal Thursday Model e operating losses of $6 billion for 2022. That’s after accounting for significant research and development investments — roughly 65% of...
  • Tesla recalls 321,000 vehicles, 19th recall of the year

    11/22/2022 5:44:23 AM PST · by Red Badger · 39 replies
    WFAA ^ | 3:23 PM CST November 21, 2022 | Megan Divers
    A software glitch in some Model Y and Model 3 vehicles can cause the taillights to go off intermittently, increasing the risk of a collision. WASHINGTON — Tesla is recalling more than 300,000 vehicles in the U.S. because a software glitch can make taillights go off intermittently, increasing the risk of a collision. Tesla said in documents posted Saturday by the U.S. National Highway Traffic Safety Administration that the glitch may affect one or both taillights on certain Model 3 and Model Y vehicles. Brake lamps, backup lamps and turn signal lamps are not affected by the software problem, the...
  • Chip shortage causes Ford to slash vehicle production at several plants in July

    07/01/2021 8:19:20 AM PDT · by fightin kentuckian · 60 replies
    CNBC ^ | 07/01/2021
    DETROIT — Ford Motor is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry. The automaker said Wednesday it will idle or reduce production at eight plants, including six in the U.S., for varying periods of time next month and into early August due to the problem. Affected products range from the Ford F-150 and Ford Bronco Sport to the Ford Mustang and Ford Explorer.
  • The Ford Bronco Sport has been hit with another recall mere months after its first deliveries (isn't even fully released yet!)

    02/22/2021 12:42:39 PM PST · by vespa300 · 39 replies
    Business Insider ^ | 2/18/2021 | Tim Levine
    The rollout of the much-anticipated 2021 Ford Bronco Sport has hit a speed bump. Ford announced on Thursday it is recalling 1,666 Bronco Sport models over rear-suspension components that may not be properly attached, just months after delivering the first vehicles in late 2020.
  • Ford reveals electric 1,400 horsepower Mustang Mach-E race car

    07/22/2020 9:56:42 AM PDT · by Red Badger · 123 replies
    Disrn.com ^ | by Peter Heck · Jul 22nd, 2020 11:45 am
    Last Updated Jul 22nd, 2020 at 12:52 pm Ford Motor Company has unveiled what is being called a "one-off prototype" electric race car named the Mach-E 1400. The insane vehicle boasts a near 57-kilowatt battery, seven different motors, and 1,400 horsepower. Three of its motors power the front wheels, with four connected to the rear, providing a stunning 2,300 pounds of downforce. "Getting behind the wheel of this car has completely changed my perspective on what power and torque can be," professional driver Vaughn Gittin Jr. said. Ford executives are not planning to sell the car but rather use it...
  • Adult in the Room: Ford CEO Responds to Employees' Demands to Stop Making Police Vehicles

    07/09/2020 10:33:45 AM PDT · by rktman · 9 replies
    pjmedia.com ^ | 7/9/2020 | Bryan Preston
    Ford employees have asked the automaker to stop building police cars, according to a Jalopnik report published Wednesday. The request comes as countless Black Lives Matter protests continue throughout America and around the globe, sparked by the killing of George Floyd. “Throughout history, the vehicles that Ford employees design and build have been used as accessories to police brutality and oppression,” workers wrote in a letter to Ford CEO Jim Hackett and Chairman Bill Ford, according to Jalopnik. “We know that while many join, support or supply law enforcement with good intentions, these racist policing practices that plague our society...
  • Finally, An Adult in the Room: Ford CEO Responds to Employees' Demands to Stop Making Police Vehicles

    07/09/2020 8:44:20 AM PDT · by SeekAndFind · 69 replies
    PJ Media ^ | 07/09/2020 | Bryan Preston
    Jalopnik reports that a group of Ford Motor Company employees want the auto giant to stop making vehicles for police. Ford employees have asked the automaker to stop building police cars, according to a Jalopnik report published Wednesday. The request comes as countless Black Lives Matter protests continue throughout America and around the globe, sparked by the killing of George Floyd. Jalopnik fails to report that since the protests devolved into riots and “defund the police” swept across the nation, violent crime and murder have surged in several major cities, including New York, Chicago, Baltimore, and Seattle.The employee letter...
  • Ford Motor Company Employees Call for End of Police Car Production

    07/11/2020 8:54:00 PM PDT · by E. Pluribus Unum · 101 replies
    Breitbart ^ | 11 Jul 2020 | Penny Starr
    The Ford Motor Company’s website features the automaker’s long relationship with law enforcement that dates back seven decades and includes its tagline for the vehicles it has designed for the men and women in blue — “police-tested, street proven.” But now the wave of social unrest and virtue signaling following the death of George Floyd while in police custody is taking over the corporate world, including at Ford, where workers are urging leadership to stop manufacturing cop cars. This despite the fact that Ford expresses pride about its connection to law enforcement, according to its website: Ford introduced the first-ever...
  • Ford expects coronavirus shutdown to cause $600 million quarterly loss

    04/13/2020 9:54:38 AM PDT · by MinorityRepublican · 42 replies
    REUTERS ^ | 4/13/2020 | Nick Carey, Rachit Vats
    Ford Motor Co (F.N) said on Monday it expects to post a pre-tax loss of about $600 million for the first quarter as the coronavirus outbreak pummeled its sales and shuttered vehicle assembly plants, resulting in a 21% drop in vehicle sales to dealers versus the same quarter in 2019.
  • Ford to add 3,000 jobs in the Detroit area, invest $1.45B

    12/17/2019 9:45:03 AM PST · by McGruff · 6 replies
    AP ^ | 12/17/2019 | TOM KRISHER
    Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs, and electric and autonomous vehicles. The company said Tuesday that about $750 million will go the Michigan Assembly Plant in the Detroit suburb of Wayne, where 2,700 jobs will be added during the next three years. Another $700 million will be invested in the truck plant in Dearborn, Michigan, where 300 new jobs will be added. Hiring will begin next year.
  • Trump attacks General Motors over China, US employment

    08/30/2019 11:06:05 AM PDT · by Berlin_Freeper · 20 replies
    cnbc.com ^ | August 30, 2019 | Michael Wayland
    President Donald Trump on Friday attacked General Motors for its significant presence in China and questioned whether the automaker should move the operations to the U.S. Trump, in a tweet, said GM, “once the Giant of Detroit, is now one of the smallest auto manufacturers there. They moved major plants to China, BEFORE I CAME INTO OFFICE. This was done despite the saving help given them by the USA. Now they should start moving back to America again?” Many of the claims in the tweet against the Detroit automaker were misleading or inaccurate, according to industry data and officials.
  • Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

    05/20/2019 8:19:49 AM PDT · by yesthatjallen · 49 replies
    Reuters ^ | May 20, 2019 | Ben Klayman
    Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. Ford Chief Executive Officer Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said. “To succeed in our competitive industry, and position Ford to...
  • Ford to build new factory in Michigan for autonomous vehicles; 900 new jobs expected

    03/20/2019 10:07:02 AM PDT · by SeekAndFind · 34 replies
    CNBC ^ | 03/20/2019 | Phil Le Beau
    Ford is building a new plant in Michigan for autonomous vehicles as the company realigns some factories to focus on its future lineup of self-driving and electric cars. The new facility, scheduled to open in the next two years, will take new commercial-grade hybrid models and incorporate the self-driving technology needed to turn them into autonomous vehicles. Ford is still considering where to build the AV finishing center and has not said how many people will work there. “This facility will be about more than just putting the brains into these autonomous vehicles,” said Joe Hinrichs, Ford’s president of global...
  • Ford to Cut Salaried Workers Worldwide to Reduce Bureaucracy

    10/06/2018 9:44:46 PM PDT · by robowombat · 23 replies
    The Street ^ | Oct 6, 2018
    Ford Motor Co. will reorganize its salaried workforce worldwide, flatten its business operations and create a more efficient company that results in fewer white collar jobs, the Detroit Free Press reported. Ford has 201,000 employees globally, including an estimated 70,000 salaried workers, and is the largest car manufacturing employer in the U.S. The company didn't say how many jobs would be affected. The Dearborn-based automaker told employees about the plan on Thursday, the Free Press reported, saying the changes are part of trying to identify how the company can become stronger by limiting corporate bureaucracy and identifying weaknesses in all...
  • FORD MOTOR CORP. HELPS PROMOTE FARRAKHAN CLAIM OF JEWISH PLOT TO MAKE BLACK MEN GAY

    09/20/2018 10:27:23 AM PDT · by SeekAndFind · 41 replies
    Frontpage Mag ^ | 09/20/2018 | Daniel Greenfield
    Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical left and Islamic terrorism On Saturday, the Human Rights Campaign, the country's top gay rights lobby, held its 22nd annual dinner. Top speakers included Joe Biden, who bemoaned the lack of acceptance for gay people, Anne Hathaway, who shrieked, “Let’s tear this world apart and build a better one”, and Obama's Attorney General, Eric Holder, who declared, “The age of bullies and bigots is not fully behind us”. Holder would know. He was last seen posing with Louis Farrakhan...
  • Despite Trump tweet, Ford says it won’t make hatchback in US [the Focus Active]

    09/09/2018 8:42:24 PM PDT · by Olog-hai · 40 replies
    Associated Press ^ | Sep. 09, 2018 4:59 PM EDT | Paul Wiseman
    Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. Citing Trump’s new tariffs, Ford on Aug. 31 said it was dropping plans to ship the Focus Active from China to America. Trump took to Twitter Sunday to declare victory and write: “This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!” But in a statement Sunday, Ford said “it would not be...
  • Ford celebrates 10 millionth Mustang while banking on car's draw

    08/08/2018 4:37:08 AM PDT · by simpson96 · 37 replies
    Agence France Presse ^ | 8/8/2018 | Staff
    CHICAGO (AFP) - The Ford Mustang -- an iconic American brand and a symbol of cool -- will reach a major milestone Wednesday as the 10 millionth vehicle rolls off an assembly line at a Detroit-area plant. The car celebrated in American song and film, and recognized the world over as an iconic American cultural export, will get a big party at Ford's Michigan headquarters. It's a turning point for the carmaker, which is banking on the Mustang's wide appeal to help it grow global market share. US sales of the Mustang are dropping, but they are accelerating overseas in...
  • Ford is basically giving up on US car business, and GM is not far behind

    04/26/2018 2:35:14 PM PDT · by Red Badger · 129 replies
    CNBC ^ | 04/26/2018 | Robert Ferris
    Ford's plan to reduce its passenger car lineup to just two models, and GM's difficulty selling passenger cars in the U.S. show how much tastes are drifting toward trucks, SUVs and crossovers. Ford will only update the Focus Active crossover and Mustang for the U.S. market, while GM called out a challenging passenger car environment. ====================================================================================================== So is it really the end of the American car on its home turf? From the way Detroit's major executives are talking, it would seem so. Ford said Wednesday it will only offer two new cars in North America over the coming years —...
  • Business Ford to stop selling every car in North America but the Mustang and Focus Active

    04/25/2018 6:52:04 PM PDT · by central_va · 149 replies
    yahoo business ^ | 4.25.18 | Matt Burns
    Ford today announced it will phase out most cars it sells in North America. According to its latest financial release, the auto giant will "will transition to two vehicles" being the Mustang and an unannounced vehicle, the Focus Active, as the only traditional cars it sells in the region. Ford sees 90 percent of its North America portfolio in trucks, utilities and commercial vehicles. Citing a reduction in consumer demand and product profitability, Ford is in turn not investing into the next generation sedans. The Taurus is no more.
  • Ford plans to ramp up production of the Expedition and Lincoln Navigator amid soaring demand

    02/12/2018 6:29:23 AM PST · by ilovesarah2012 · 38 replies
    CNBC ^ | February 12, 2018 | Phil LeBeau
    With demand for its redesigned full-size SUVs surging, Ford Motor is expanding production of the Expedition and Lincoln Navigator. The automaker will be increasing production of the two SUVs by approximately 25 percent. Both models are manufactured at Ford's truck plant in Louisville, Kentucky.