Ford Motor said on Thursday that the former U.S. Ambassador to Russia, Jon Huntsman Jr., would rejoin the automaker’s board of directors. “I’m thrilled that we will again benefit from Jon’s extraordinary experience,” Executive Chairman Bill Ford said. “His career and accomplishments in global policy and trade are incomparable.” Huntsman was first elected to the […]

Ford Motor said on Tuesday it was moving production of its plug-in Escape sport utility vehicle to 2021 as it reviews its automobiles with the same engine and battery parts that were recalled in Europe. “We are moving full-scale production of Escape PHEV to the 2021 model year. The first Escape PHEVs will be sold […]

Ford Motor on Friday said its China sales increased 25% over July to September from the same period a year ago to 164,352 vehicles, attributing the boost to product launches and a localization strategy. The result represents the automaker’s second consecutive quarterly sales boost in China after nearly three years of decline. The automaker makes […]

Ford Motor on Friday continued to show indications of a recovery from the coronavirus crisis as demand for sports utility vehicles and pickup trucks helped increase third-quarter sales in the United States. The U.S. auto sector has jumped back quicker than other industries, but automakers had a hand in that with aggressive incentives such as […]

Ford Motor new CEO, Jim Farley, on Thursday promised the automaker would move with urgency, responding to investor and analyst criticism of the speed at which his former CEO Jim Hackett acted. Farley, on his first day as Ford’s 11th CEO, also declared an executive shake-up that included naming a new CFO. Ford’s promise to […]

Ford Motor which operates two auto plants in Germany, has applied for 500 million euros ($586.79 million) of German loan guarantees aimed at seeking protection against the impact of the COVID-19 pandemic, business daily Handelsblatt reported on Monday. While Germany has provided coronavirus-related aid to companies such as auto parts supplier Leoni. Ford would be […]

Local union leadership in Canada throughout all Ford Motor locals in both trades and production approved the tentative deal reached between Unifor National and the company, the union said on Sunday. On Monday, Ford reached a three-year deal with Unifor National that includes wage boosts, bonuses and other benefits for its plant workers in Canada plus a massive […]

Chongqing Changan Automobile said on Saturday that sales of the Changan Ford joint venture will increase this year. Chairman Zhu Huarong had made the comments at the Beijing International Automotive Exhibition 2020. Chinese automaker GAC and German automaker BMW also expect sales to grow this year in China, the world’s biggest auto market, as consumption has shown recovery […]

Ford Motor will invest C$1.95 billion ($1.46 billion) in plants located in Oakville and Windsor in Canada as part of a tentative deal with Canadian autoworkers, Unifor union National President Jerry Dias said on Tuesday. The deal includes retooling the Oakville plant to build five electric vehicles (EV) models between 2025 and 2028, with the […]

Ford Motor said on Thursday it has started production of the new generation F-150 pickup truck at its Dearborn, Michigan, plant, and expects the renovated model to go on sale in November. The new F-150 launch is “on time and on track,” Ford’s incoming CEO Jim Farley said during an event Thursday at Ford’s Dearborn […]

Since the time Jim Farley was named the CFO and heir apparent to the top spot at Ford Motor in February, Jim Farley has touted the potential development of its commercial vehicles. But it’s not just more trucks and vans that Farley aims to sell to the consumers. As Farley prepares to take over as […]

Ford Motor said on Wednesday it is moving forward to eliminate 1,400 U.S. salaried jobs by year end as part of a multiyear $11 billion restructuring. The layoffs will be attained through voluntary buyouts, the automaker said in an email sent to workers. The buyouts will be offered to workers who are qualified for retirement. […]

General Motors and Ford Motor said on Tuesday they are close to finishing the production of ventilators ordered by the Trump Administration in response to an increase in coronavirus cases and are ramping down or exiting the operations. Many of the ventilators assembled by the companies have gone into a U.S. government stockpile as doctors […]

Ford Motor incoming CEO Jim Farley said on Tuesday he wants to expand the automaker’s operations into relevant technology fields, including software, fleet management, and electric vehicle charging. “These are new growth initiatives that could create a lot of value for the company,” Farley informed Reuters, after the automaker announced that he will succeed Jim […]

Ford Motor said on Friday it had won approval to defer some quarterly payments due on its U.S. Energy Department retooling loan but also said that it will repay the loan on time by June 2022. In September 2009, Ford was granted a $5.9 billion low-cost government loan, an important source of liquidity following the […]