Ford will pay no less than $30 million in a proposed settlement concerning a class-action lawsuit associated with failing transmissions in its Fiesta and Focus vehicles. The lawsuit represents almost 2 million owners and former owners of the cars, which had bad dual-clutch transmissions, the Detroit Free Press reported the incident, citing court documents. Other than the […]
Ford
Ford expects $2.2 billion pre-tax loss related to employees pension plans
Ford Motor stated on Wednesday its fourth-quarter results will be impacted by a pre-tax loss of about $2.2 billion because of higher contributions to its employees pension plans. The charge is heavily related to a fall in discount rates, the company stated, as that results in an increase in the amount of money to be […]
Ford’s China vehicle sales fell 26% in 2019
Ford Motor’s China vehicle sales dropped for a third consecutive year, by 26.1%, as it fights a prolonged overall sales drop in the country that has hit demand for its mass-market Ford brand and sports utility cars. Ford made deliveries of 146,473 vehicles in China in the fourth quarter, showing a drop of 14.7% year-on-year, […]
Ford spends $82 million to expand Vietnamese plant
Ford Motor stated on Tuesday it is making an investment of $82 million to expand its plant in northern Vietnam to increase production capacity. Ford Vietnam, established in 1995, stated the expanded factory would increase the U.S. automaker’s annual capacity in Vietnam to 40,000 vehicles from current volume of 14,000 units annually. The company reported […]
Ford Mustang is the best selling American muscle car in 2019
Three months after the Dodge Challenger had beaten the Ford Mustang away on the third-quarter reports, the car pulled away for a significant full-year win among American muscle cars. Ford moved 17,124 in the fourth quarter to complete 2019 at 72,489, thus beating the Challenger’s ultimate tally of 60,997. Dodge sold 18,301 of the aging coupes – […]
Ford quarterly sales fall on the downturn in passenger cars demand
Ford Motor on Monday reported a 1.3% decline in fourth-quarter vehicle sales as soft demand for passenger cars exceeded higher sales of pick-up trucks. Ford’s figures rounded off U.S. automakers’ sales for last year, with passenger cars dropping out of favor with buyers amid lower oil prices and as automakers concentrated on SUVs and pick-ups […]
Reservations are full for electric Mustang Mach-E, says Ford
Ford Motor stated on Monday that the reservations for the first edition of its electric sport utility vehicle, Mustang Mach-E, are full. The American automaker revealed the electric Mustang crossover on November 17 and started taking reservations with a refundable deposit of $500. Ford did not provide information regarding how many reservations it took. The […]
Ford Mustang Mach-E: What You Need to Know About It?
When it is about the Ford Mustang, the first thing that comes in mind is throttle and speed. To add more to this, Ford is going to come up with its flagship product like Mustang in an all-new avatar with the name Ford Mustang Mach-E. It is Ford’s first all-electric crossover may feature an un-Mustang-like […]
Ford to spend $1.45 billion in two Detroit plants, generate 3,000 jobs
Ford Motor stated on Tuesday it prepares to invest over $1.45 billion at two of its manufacturing facilities in Detroit for building electric, autonomous and sports utility vehicles, and generate 3,000 jobs. The No.2 U.S. automaker stated it would invest about $750 million at its Wayne facility located in Michigan to make its Bronco and […]
Ford Motor recalls 547,538 Super Duty pickup trucks
Ford Motor stated on Friday it would recall 547,538 of its Ford Super Duty pickup trucks throughout the United States, Canada, and Mexico, mentioning the risk of a post-crash interior fire. The automaker stated the recall covers particular models between the years 2017 and 2019 with carpet flooring that could experience a post-crash interior fire. […]
Ford expects its full-year 2019 loss from China to be halved
U.S. automaker Ford Motor stated on Monday it expects its full-year 2019 loss, before interest and taxes, from China to be almost halved from 2018. For 2020, the company expects to further slash down its China losses, before interest and taxes, by almost half that of what it expects to post for 2019. Ford states […]
Lincoln electric SUV to use Ford-backed startup’s ‘skateboard’ chassis
A battery-powered Lincoln SUV, due in mid-2022, is going to be the first Ford Motor vehicle constructed on a custom electrified chassis that resembles a skateboard, that was developed by Ford-backed startup Rivian, according to several people knowledgeable with the program. The all-wheel-drive Lincoln SUV could rival against Rivian’s R1S, an electric sport utility vehicle […]
Ford’s UAW members vote to ratify a new four-year contract
The United Auto Workers union stated on Friday that rank-and-file members at Ford Motor have voted in support of a new four-year labor contract with Ford. The UAW will now concentrate on Fiat Chrysler Automobiles (FCA), the only remaining Detroit automaker without a new labor contract. Discussions with FCA are expected to start on Monday, […]
Ford will use Mustang name for electric SUV
Ford Motor will use the Mustang name, which was reserved for a muscle car, for an electric sport utility vehicle (SUV) that consumers in the United States, Canada, and Europe can start ordering on November 17, the company stated on Thursday. Ford verified its new electric SUV will be called the Mustang Mach-E ahead of […]
Trump nominates former Ford executive to be new U.S. energy secretary
The U.S. Department of Energy stated on Thursday that President Donald Trump had officially nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor and Louisiana state energy regulator, to lead the department. If confirmed by the Senate, Brouillette will take the position of Rick Perry, who stated last month he would […]
