Ford to buy electric scooter startup Spin
Ford Motor stated it will join the rising micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm from San Francisco. Ford is one of the first to enter the sector. The automaker will invest about $200 million in Spin. The purchase price is lowered by investments in Lime and Bird, the
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U.S. ends safety investigation into almost 50,000 U.S. Ford police vehicles
The National Highway Traffic Safety Administration is ending an investigation into almost 50,000 Ford Motor Explorer Police Interceptor vehicles regarding the reports of sudden brake failures, it stated on Tuesday, without seeking a recall. The investigation, started in April 2015, was prompted by reported incidents of front brake hose failure in 2015 Ford Explorer Police
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Ford goes local in India, looks for bigger share of competitive market
Ford Motor made a profit in India for the first time in ten years in the last fiscal year, indicating that a strategy conceived two years earlier by the U.S. automaker for one of the world’s most competitive car markets is beginning to show some success. Under an initiative named the Emerging Market Operating Model
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Volkswagen and Ford in talks about self-driving and electric vehicles
Volkswagen and Ford Motor are in talks to jointly develop self-driving and electric automobiles in a far-reaching strategic alliance supposed to save the companies billions of dollars, according to a person knowledgeable with the matter. The German and U.S. automakers are expected to give an update on the progress of the discussions before year end,
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Ford Motor and Baidu to launch self-driving road tests in China
Ford Motor and Baidu Inc started a two-year project on Wednesday to test self-driving automobiles on Chinese roads, in middle of a global race by automakers and internet firms to develop autonomous vehicle technology. The project will begin testing on designated roads in Beijing by the end of this year, and possibly other Chinese areas,
Ford recalls almost 1.5 million vehicles due to engine stall issue
Ford Motor stated Thursday it will recall almost 1.5 million cars in North America to address a defective part that could lead to engine stalls. The second largest U.S. automaker stated it is calling back 2012 through 2018 model year Ford Focus cars that have 2.0-liter GDI and 2.0-liter GTDI engines for a malfunctioning valve
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Ford third-quarter profit beats estimates, shares boosts
Ford Motor on Wednesday reported little bit higher than expected third-quarter profit and stuck to its targets for 2018, raising investor hopes for a solid fourth quarter and sending its shares about as much as 7 percent after-hours. Profit was down as high commodity costs and a China sales tumbled partially offset strong demand for
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Ford to start testing self-driving vehicles in Washington, DC
Ford Motor has announced plans to begin testing autonomous vehicles in Washington, DC. The news suggests that the automaker will become the first developer to test vehicles in the capital city of the US. Ford currently has self-driving car testing programs in Detroit, Pittsburgh and Miami, which involves its $1 billion partnership with Argo AI.
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Ford in Spain to stop car production for nine days following low demand
U.S. automaker Ford Motors will stop car production in its plant in Almussafes located in eastern Spain for nine days during November because of lower demand for its vehicles, a spokesman stated on Tuesday. Engine production would also be stopped for 13 days next month, he stated. Part of the Spanish production of automaker’s engines
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Ford sees higher metal costs, hopes trade issues to be resolved
Ford Motor is observing higher steel and aluminum costs driven by trade tariffs bite into revenue, but is hopeful the United States and China can prevent more tensions that could make things more expensive, a top Ford executive stated on Monday. The United States stated in March it would enforce a 25 percent tariff on
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Ford CEO seeks to rally dealers as shares drops to new low
With Ford Motor’s stock at almost a nine-year low and the company squeezed by tariffs and trade tensions, CEO Jim Hackett sought to revive confidence among dealers gathered in Las Vegas this week, days ahead of declaring the automaker’s third-quarter results. In closed-door meetings with members of Ford’s national dealer network, Hackett and other top
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U.S. investigates 54,400 Ford trucks over tailgate complaints
The National Highway Traffic Safety Administration (NHTSA) stated Thursday it had started a preliminary investigation into 54,400 Ford Motor pickup trucks after getting five complaints that tailgates had unexpectedly opened when the vehicles were in motion. The agency stated the investigation was investigating the issue in 2017 model year F-250 and F-350 Super Duty pickup
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Ford reveals new China SUV, eyes sales increase next year
Ford Motor revealed a new China sport utility vehicle (SUV) on Tuesday, and stated it looks forward to release a spate of new models will help turn around falling sales in the world’s top auto market from the start of 2019. Ford, fighting to recover from a serious sales drop in China, will begin selling
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JP Morgan and Ford cancel plans to attend Saudi investor event
JP Morgan & Chase Chief Executive Jamie Dimon and Ford Motor Chairman Bill Ford dropped plans to attend a Saudi investor conference, the companies stated on Sunday, the recent such high-profile announcements following the disappearance of Saudi journalist Jamal Khashoggi. The cancellations could increase pressure on other U.S. companies such as Goldman Sachs Group Inc,
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Ford switches electric vans in Germany as diesel bans loom
Ford Motor is constructing an electric delivery van in Europe using technology given by Deutsche Post startup StreetScooter, as Germany clamp down on diesel emissions. In the recent move, a German court on Tuesday ordered Berlin to enforce driving bans on older diesel vehicles to curb pollution and conform to European Union standards. “Manufacturing the
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