Ford Motor stated on Friday that CEO Jim Hackett’s total earning was $17.4 million in 2019. He earned from $17.1 million in 2018. The ratio of CEO’s annual compensation to the median of the annual compensation of all workers was 157 to 1, Ford said. Executive Chairman William Ford got a total salary of $16.8 million in […]
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Ford to build face shields at Brazil, Argentina factories for coronavirus fight
Ford Motor said it will make 50,000 face shields at car plants in Brazil and Argentina to donate in the fight against the coronavirus. The accelerating outbreak has led global shortages of protective equipment such as face shields, sending costs higher and forcing doctors to reuse old ones or work without them. Brazil’s government is […]
Post-crisis support for U.S. customers ‘would be appropriate’, says Ford
Ford Motor’s U.S. sales chief stated on Thursday the automaker believes some level of government encouragement will be needed for consumers once the coronavirus pandemic is diminished and that the crisis will spur a permanent shift toward more online vehicle sales in the country. “It’s hard to figure out how long and what the lingering […]
Fiat Chrysler, GM try discounts, online buying to lift declining U.S. sales
With auto showrooms closing because of the coronavirus pandemic, Fiat Chrysler and General Motors moved to reboot demand with seven-year, no-interest loans and programs permitting customers to purchase vehicles online. Fiat Chrysler Automobiles NV’s new “Drive Forward” marketing program consists of online shopping tools that will for the first time let U.S. consumers to finish […]
Ford’s North American production delayed due to coronavirus
Ford Motor stated on Tuesday it was delaying its plan to resume production at its North America plants because of the safety concerns for its workers amid the coronavirus crisis. To generate cash, the automaker had said last week it was poised to resume production at some plants in North America as soon as April […]
Britain orders 10,000 ventilators made by Ford, Airbus and Rolls-Royce
Britain has placed an order for 10,000 ventilators which will be made by a consortium of companies consisting of Ford Motor, Airbus and Rolls-Royce as part of efforts to battle the coronavirus pandemic. Governments across the world are attempting to increase the number of ventilators which are mechanical breathing devices capable of blowing air and […]
Ford, General Electric to produce 50,000 ventilators in 100 days
Ford Motor stated on Monday it will produce 50,000 ventilators during the next 100 days at a plant located in Michigan. The automaker will cooperate with General Electric’s healthcare unit, and can then construct 30,000 every month as needed to treat patients affected with the coronavirus. Ford stated the simplified ventilator design, which is licensed […]
Ford Motor to resume U.S. truck plants in April
Ford Motor declared plans on Thursday to help its finances amid the coronavirus, aiming to generate more cash by restarting production next month of its most profitable vehicles while saving money through additional cost cuts. To generate cash, the automaker was poised to resume production at some plants in North America as soon as April […]
Ford extends U.S. plants shutdown beyond March 30
Ford Motor stated on Tuesday it does not prepare to resume production at its manufacturing plants located in the United States, Canada and Mexico on March 30, as was originally planned. The automaker said it was reassessing the timing of restarting production. Together with Ford, General Motors and Fiat Chrysler had stated earlier week they […]
Ford stopping production in India, South Africa as coronavirus spreads
Ford Motor stated on Monday it has decided to temporarily halt vehicle and engine production at its plants located in India, South Africa, Thailand and Vietnam in response to the increasing impact of the coronavirus. In India, it started on March 21 and will be followed by other markets, the automaker said, adding that it […]
Ford, GM, Tesla can go ahead with making ventilators, says Trump
U.S. President Donald Trump stated on Sunday that American automakers such as Ford Motor, General Motors and Tesla Inc have been given the green light in making ventilators and other objects required during the coronavirus crisis. “Ford, General Motors and Tesla are being given the go ahead to make ventilators and other metal products, FAST! […]
Ford to shut down UK plants due to coronavirus
Ford Motor is set to bringing forward part of the summer shutdown for its British engine plants to Easter because of the coronavirus outbreak. Ford will temporarily close production from March 23 at its London site and from the end of March 25 at its Welsh facility. “Because of the dramatic impact this ongoing crisis […]
Ford suspending production in Brazil, Argentina due to coronavirus outbreak
Ford Motor on Thursday stated it will postpone production in Brazil and Argentina starting next week because of the coronavirus outbreak, joining General Motors and Mercedes Benz which have also announced such measures in Brazil. Brazil automakers initially thought they would have to suspend production in April, but the spread of coronavirus has forced faster […]
GM, Ford talking to Trump administration on medical equipment production
General Motors and Ford Motor stated on Wednesday they were talking with White House officials about how they could support production of medical equipment such as ventilators that may be required to combat the coronavirus outbreak. GM CEO Mary Barra talked with White House economic adviser Larry Kudlow about the issue after the automaker announced […]
Ford suspends American production through March 30 due to coronavirus
Production at sites in Canada, Mexico and the U.S. will be affected. After Thursday evening shifts, Ford will temporarily suspend production at manufacturing sites located in Canada, Mexico, and the U.S. through March 30. The automaker said they will “thoroughly clean its facilities to protect its workforce and boost containment efforts for the COVID-19 coronavirus“. Roughly 4,100 […]
