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Ford Motor sold eight million shares of electric automaker Rivian Automotive for $214 million, or $26.80 apiece, the automaker noted in a filing on Tuesday. Ford now holds almost 94
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Ford Motor on Thursday said it will halt production next week at its plant in Flat Rock, Michigan because of a shortage of semiconductor chips. Ford assembles the Mustang models
Ford Motor on Tuesday started regular production of its F-150 Lightning electric pickup truck. Ford workers, top executives, and a group of F-150 Lightning consumers joined a party at the
Penske Truck Leasing made an order of 750 of Ford Motor’s electric E-Transit cargo vans, the unit of Penske Automotive said on Monday. The move comes as some companies such
Ford Motor said on Monday it signed a preliminary deal to purchase lithium from a Lake Resources NL facility in Argentina, marking the first time the automaker has made the
Ford Otosan, the Turkish joint venture of Ford Motor, said has started production of its all-electric Ford Transit model under a 2 billion euro ($2.2 billion) investment to boost capacity.
Ford Motor and General Motors will each halt production this week at a Michigan plant because of parts shortages, the two automakers said separately on Thursday. Ford said it would
Ford Motor said on Monday vehicle production and orders in Europe have been hit by the ongoing worldwide semiconductor shortage and the military conflict in Ukraine. The automaker said it
Ford Motor said this week it would halt retail orders for the Maverick as it did not have the capacity to satisfy overwhelming demand. The vehicle is an affordable pickup
Ford Motor’s fourth-quarter results include an $8.2 billion gain on its investment in Rivian Automotive, after the electric automaker’s market debut in November. Rivian had increased as much as 53%
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