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
Ford to defer some quarterly payments on U.S. Energy Department loan
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 […]
Ford posts profit but expects loss this year
Ford Motor on Thursday said it expects a full-year loss but also said that it should have enough cash on hand throughout the rest of this year, even if global demand drops further or the coronavirus crisis results in more shutdowns of vehicle assembly plants. The automaker also said that on July 27 it repaid […]
Ford experiments with four-legged robots at its plant for saving cost
Ford Motor is experimenting with four-legged robots at its Van Dyke Transmission Plant in Michigan, as a part of it’s manufacturing pilot program designed to save time, decrease cost and increase efficiency. The robots are geared up with five cameras, can travel up to 3 mph on a battery lasting almost two hours, and will be […]
Mexican rail blockade near U.S. border hits operations of Ford
Ford Motor’s Mexico unit stated on Wednesday that a railway blockade in the Mexican border state of Sonora is impacting operations at its Hermosillo plant located in the same state, and also hitting imports and exports to and from the United States. During the past couple of days, members of the local Yaqui indigenous community […]
Ford reveals electric Mustang Mach-E race car with 1,400 horsepower
Ford Motor has developed an upcoming racing version of its all-electric Mustang Mach-E crossover with 1,400 horsepower. The automaker prepares to use the prototype vehicle, which it’s calling the Mustang Mach-E 1400, to flaunt the potential performance of all-electric vehicles as the new crossover starts arriving in dealerships later this year. “It’s an all-around athlete,” said Mark Rushbrook, […]
Volkswagen warns South Korean battery row could create supply disruption
Volkswagen and Ford stated that a U.S. legal row between South Korean battery makers could create disruption in supplies of the major electric vehicle parts and cost U.S. jobs during the coronavirus crisis, according to documents filed to a U.S. trade panel. The two automakers asked the United States International Trade Commission (ITC) to permit […]
Ford to work with Intel’s Mobileye for improving crash avoidance technology
Ford Motor will work together with Intel Corp’s autonomous driving unit, Mobileye, to develop an enhanced collision avoidance system for its automobiles, the automaker said on Monday. Ford said the collaboration with Mobileye will be to develop enhanced camera-based crash warning, detection of vehicles and pedestrians, and lane-keeping features for its vehicles, including F-150 and […]
Is the 2020 F-150 Worth the Hype?
Ford just released its redesigned, 2020 F-150 pickup to much hype, even in the pandemic subdued atmosphere. Many wonder if it lived up to its hype. It does, and if you are looking to buy an F-150 in Memphis, TN, you owe it to yourself to check out the newly redesigned model; here is why. […]
Ford rejects workers’ suggestion to stop making police vehicles
Ford Motor is not going to modify its position as the nation’s top seller of vehicles for U.S. police departments, with the automaker indicating its intention to support law enforcement and the Black Lives Matter movement. Riots and demonstrations have spread throughout the United States after a cop was caught on tape with his knee […]
Ford says restrictions at Mexico plants are ‘not sustainable’
Ford Motor on Thursday stated new staffing restrictions imposed on plants producing auto parts in the Mexican state of Chihuahua were “not sustainable,” the recent sign U.S. automakers are still reeling from coronavirus led lockdown in Mexico. Mexico is a major part of a broader international supply chain important to U.S. automakers, many of which […]
Quarterly sales of Ford increased in China for first time in 3 years
Ford Motor stated its China vehicle sales boosted 3% in April-June from a year earlier, its first quarterly sales increased in the world’s bigggest auto market in nearly three years. Ford has been seeking to recover from a decline in sales unprecedented for a major global automaker in China, with sales declining 26% last year […]
Ford’s Chinese ventures extend auto sales recovery in June
Ford Motor’s Chinese ventures reported year-on-year sales to increase for June as the world’s biggest auto market keeps showing evidence of recovery from coronavirus-induced lows. The U.S. automaker’s Chongqing-based venture with Changan said on Monday its sales increased 7.7% from a year earlier. It did not reveal the number of vehicles sold. Ford’s new SUV […]
Ford makes connected vehicle services complimentary for European drivers
Ford has made a series of connected vehicle services complimentary to customers in Europe, allowing drivers to control and monitor major features in their cars from their smartphone. Drivers access connected vehicle features making the use of the FordPass app which allows a variety of remote services, including checking on vehicle health, fuel level and […]
Ford pauses social media advertising, aims hate speech to be ‘eradicated’
Ford Motor said on Monday it is going to pause advertising on all social media platforms in the United States for the next 30 days, joining an increasing list of companies that have stopped spending on Facebook Inc in support of a campaign that called out the company for not doing much to stop the […]
