Ford Motor Co. announced today that it plans to proceed with cuts that will affect about 3,000 jobs, mainly in the US and Canada, as reported by foreign news agencies. The automaker said it has already begun notifying workers by e-mail. The cuts will take effect on September 1. Ford’s plan for the cuts is […]
Tag: Ford
Ford plans up to 8,000 job cuts to fund electric vehicle investment
Ford Motor Co. is preparing to cut up to 8,000 jobs in the coming weeks as the automaker tries to boost profits to fund its push into the electric vehicle market, according to Bloomberg, citing people with knowledge of the matter. The cuts will be made at the newly formed Ford Blue unit responsible for […]
Biden puts up with Musk and praises Ford and Stellantis for their investments
President Joe Biden downplayed the “super bad feeling” of Tesla CEO Elon Musk about the US economy, while praising some of his competitors for expanding their investment in electric vehicles. Biden then launched an attack on Musk, a frequent critic of his government, wishing him “good luck on his journey to the moon,” according to […]
Delivery to Russia of components for the assembly of Ford vans and Mazda cars has been stopped
The Sollers Auto company in its report announced a halt in the supply of automotive components to factories producing Ford vans and Mazda models in Russia. However, it is in talks to resume deliveries. “As a result of changes in the geopolitical situation, there are difficulties with the supply of imported components, as well as […]
Loss announced by Ford for the quarter – Maintains its profit outlook for the full year
Ford Motor Company announced quarterly results in line with market estimates for the first quarter of the year, although the reduction in the value of its stake in the electric vehicle company Rivian Automotive and the reduction of its production hit its profitability. The auto industry reported a loss of $ 3.1 billion, or 78 […]
Ford and GM to halt production at two Michigan plants
Ford Motor Company and General Motors (GM) will halt production at their Michigan plants next week. In Ford’s case, the Mustang assembly plant in Flat Rock is cited as the reason for the shutdown due to a semiconductor shortage. GM will shut down its Lansing assembly plant, which builds the Cadillac CT4, Cadillac CT5 and […]
BMW suspends car production in Kaliningrad and stops delivering cars to the Russian market. Ford also suspends operations in Russia
As Prime writes, the BMW concern has decided to suspend the production of cars at the Avtotor plant in Kaliningrad, as well as stop deliveries of cars to the Russian market. “Due to the current geopolitical situation, the BMW Group is suspending deliveries to the Russian market, as well as local production of cars. Further […]
Ford F-150 Lightning can power an entire house for three days
The F-150 Lightning with Ford Intelligent Backup Power can power an entire home in the event of a power outage. This is the first electric pickup to offer this capability. If it goes out suddenly, Ford F-150 Lightning owners will feel more comfortable, because the electric pickup truck can provide normal operation at home for […]
Ford poached former Tesla and Apple chief engineer. The company will spend an additional $20 billion to develop electric vehicles
Ford plans to invest up to $20 billion to take its place in the electric vehicle market. The large amount will help to reorganize its activities, betting on electric vehicles in the future. The $20 billion will be on top of the $30 billion the American auto giant previously decided to spend on developing electric […]
Ford tries to fight speculators by banning the resale of F-150 Lightning pickups
Ford is inundated with orders for the F-150 Lightning and is taking special steps to ensure that the electric pickup reaches honest customers. The automaker has given dealers the right to prohibit buyers from reselling the F-150 Lightning for a year after purchase, the source said. The dealer can allegedly “require an injunction” to block […]