Company
Ford Motor Company
NYSE:F
Ford Motor Company is an automobile company. The company designs, manufactures, markets and services a full line of electrified passenger and commercial vehicles, such as Ford trucks, utility vehicles, vans and cars and Lincoln luxury vehicles. Ford Motor Company's segments include Ford Blue, Ford Model e, Ford Pro, Ford Next and Ford Credit.
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Ford cuts UK jobs as it struggles with electric shift
Ford announced it would cut 1,300 jobs in the UK, as part of a large European reshuffle towards electric vehicle production
Ford cutting thousands of European jobs amid Tesla price war
Ford will cut 3,200 jobs in Europe as it looks to reduce costs and partially relocate across the Atlantic
Ford sees electric vehicle scheme rejected by a third of US dealers
Unveiling its plans last week, Jim Farley, Ford’s chief executive, said: “We’re betting on the dealers. We’re not going direct. But we need to specialize”
Ford looking to power 70% of its European EVs from UK plant
Ford has invested £150mln into its Merseyside plant, where it plans to manufacture the majority of its EV power units
Ford eyes 'insourcing' as EV cars require 40% fewer workers
As a result, the car maker will need to produce more parts in-house so “everyone has a role” in the transition, Ford's Jim Farley said
Ford reverses away from full self-driving, plans wind-down of Argo joint venture with VW
After reducing investment in full-self-driving it will transfer some Argo AI staff to work on its other driver monitoring technology, which does not replace drivers but allows them to be “hands-free”
Ford calls time on the Fiesta - Britain's best-selling car
The Fiesta was a favourite among women and as a second family car
Ford on route to strong Q3 results after strong US EV sales
In its Q2 results, the car company affirmed its guidance for the FY22, saying adjusted EBIT will likely be between US$11.5bn and US$12.5bn, up 15% to 25% from 2021
US markets suffer further falls ahead of Fed rate call
At the close the Dow Jones Industrial Average was down 313 points, or 1.01%, to 30,707.08, the S&P 500 fell 44 points, or 1.13%, to 3,856 and the Nasdaq Composite slipped 110 points, or 0.95%, to 11,425.
Ford warns of surge in unfinished vehicles due to inflation and parts shortages
The automaker said it expects to have between 40,000 and 45,000 vehicles in inventory at the end of the third quarter because it is “lacking certain parts presently in short supply”
Ford gears up for electric vehicle revolution at dealerships’ expense
US dealerships face upwards of US$1.2mln cheque to become EV ready
Ford Motor Co says it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India
"We are eliminating work, as well as reorganizing and simplifying functions throughout the business," Ford chief executive Jim Farley and chairman Bill Ford said in a joint email to staff on Monday, Reuters reported.
Ford to slash 10% of US workers in transition to electric vehicles
Ford has scheduled a meeting with investors on Thursday to provide an update on its plans to produce 600,000 EVs annually by 2023, and more than 2mln by 2026
Ford recalls Mustang EV again as electric headaches mount
The recall comes as questions are being asked over the whole economics of the EV market
Ford Europe set to launch seven electric vehicles
U.S carmaker is set to boost its range of electric vehicles