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Ford Motor Co on Wednesday cut its forecast for operating profit for the year after a disappointing third quarter that Chief Executive Jim Hackett blamed on higher warranty costs, bigger discounts and weaker than expected performance in China. Investors sold…
Ford Motor said on Wednesday it will add Austin, Texas, to the shortlist of cities where it plans to launch a commercial transportation service using automated vehicles in 2021. The U.S. automaker previously said it would begin transporting people and goods…
Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co’s plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant’s workers. Ford announced in February…
Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the U.S. carmaker tries to stem a decline in sales in the world’s second largest economy. Sales of the…
A Ford plant that produced transmissions in southwestern France shut down for good on Wednesday after the carmaker brushed aside efforts save some operations at the facility that had employed up to 3,600 people. The factory in Blanquefort, outside Bordeaux,…
Ford Motor Co on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analyst expectations. Virtually all of…
Ford Motor will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the company said on Friday. Ford employs approximately 4,600 workers at the…
US carmaker Ford said Thursday that it plans to slash a total of 12,000 jobs across Europe as part of a previously-announced restructuring, as it closes or sells six plants in Britain, France, Russia and Slovakia in 2019 and 2020. “Ford’s manufacturing…
Ford Motor Co’s majority-owned autonomous vehicle subsidiary, Argo AI, launched its new fleet of self-driving test vehicles – Ford Fusion Hybrid – in Detroit on Wednesday, expanding its presence to five U.S. cities. The new cars are equipped with upgraded…
Ford Motor Co said on Wednesday it is partnering with walking robots maker Agility Robotics to assist self-driving delivery vans to drop packages at the doorsteps of people’s homes. Ford’s move into robotics comes as the No.2 U.S. automaker looks to expand…
Sales surged by 39 percent year-on-year to 7,501 vehicles in the first quarter, Ford announced on Thursday. The US automaker said its main products, pickup truck Ranger, premium large SUV Explorer and commercial van Transit remained top sellers in their…
Maruti Suzuki’s move to phase-out all diesel models within a year has certainly raised eyebrows. Tata Motors also in the past has said that it will only convert its 1.5-litre and above displacement diesel engines to BS6 and the low displacement diesel engines…
When it comes to raising the blood pressure, for parents, the weekly shop is right up there with getting the kids to bed and meal times. And while toddler meltdowns and trips to the sweet aisle are trying, few moments can be more worrying than seeing your…
Rivian announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using…
The iconic Ford Mustang has gained the title of the best-selling Sports Coupe in the world for the fourth year in a row. Ford has sold 113,066 units of the Mustang in 2018 grabbing a market share of 15.4 per cent in the global sports car segment. Sales are…
Think Ford Mustang and the first thing that you associate the muscle car with is a massive 5.0-litre V8 motor. But even though Ford offers only the V8 in India, there exists a variant of the Mustang with four cylinders and this model is a slightly extreme…
