Ford Motor stated on Wednesday it is going to invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in supporting the possible competitor to Silicon Valley’s Tesla Inc. Ford stated it will use Rivian’s “skateboard” – a chassis that bundles electric motor, batteries, and controls – to make a new […]
Ford
Ford Will Pay Out $200M to Laid-Off Russian Employees
Ford will pay around $200 million in cash to employees and providers who lose their jobs when the company shuts down three of its plants in Russia in June, the company stated. The U.S. automaker is shutting down two assembly plants and one engine factory as it states the passenger vehicle market in Russia is […]
Electric Ford Bronco revealed with shocking price
The Ford Bronco is being rebooted. Not just by Ford, that has an all-new version on the way in 2020, but also by Zero Labs, a startup boutique builder based in Los Angeles that’s transformed the original Bronco into an electric luxury vehicle. The truck appears much like the first generation model, and is even […]
Mahindra signs deal with Ford for midsize SUVs in India
Indian automaker Mahindra and Mahindra Ltd signed a deal with Ford Motor’s Indian unit to jointly develop midsize sports utility vehicles (SUV) in India, the company stated on Thursday. Ford and affiliate companies will spend 6.80 billion rupees ($97.97 million) for the construction of the vehicles for the duration of 10 years, Mahindra stated.
Ford Motor trademarks the ‘Mach E’ name
Ford Motor has trademarked the Mach E name prior launching of its new electric vehicle next year. Ford trademarked “Mach E,” “Mach-E,” and “Mustang Mach-E”. It could be for use on motor vehicles, electric vehicles and passenger vehicles in late March and early April. Recently, the automaker also trademarked “Thunder” and “Evos”. The automaker also […]
Ford recalls trucks for defective engine-block heater
Yet another recall over same issue. Ford is recalling over 130,000 pickup trucks to fix components that could have been broken after another recent recall. The earlier recall was supposed to fix a problem with the truck’s engine-block heater. In December 2018, Ford recalled 410,289 full-sized pickup trucks in the U.S. due to a risk […]
Ford names company veterans to head auto, mobility units
Ford Motor on Wednesday named two company veterans to head its auto and mobility businesses as the American automaker moves its focus to autonomous vehicles and realigns its auto portfolio. Joe Hinrichs was named the president of its automotive unit and Jim Farley as president, new businesses, technology & strategy, effective May 1. Both the […]
Ford launches layoff program for a Brazil plant
The Brazilian unit of Ford Motor Company stated on Tuesday it was setting up a voluntary layoff program for its plant located in Camaçari, in the northeast state of Bahia, with the aim to slash workforce it stated was in excess of present requirements. The company did not state how many people it expected to […]
Ford likely to end independent India business with new JV with Mahindra
Ford Motor is close to a deal with Mahindra & Mahindra to establish a new joint-venture company in India, a move that will probably see the U.S. automaker stop independent operations in the nation, two sources with a direct understanding of the talks informed Reuters. The deal would make Ford the recent automaker to pare […]
Ford workers call for strike at a Russian factory slated to close
Employees at the Ford Sollers automobile plant outside St. Petersburg will start a partial shutdown of production next week, a regional Ford labor union leader stated Friday, to protest hundreds of impending layoffs at the plant as it moves to close the production. Ford Sollers, the American automaker’s joint venture in Russia, announced late last […]
GM, Ford and Toyota join to advance self-driving innovation
Three major automakers stated on Wednesday they were establishing a consortium to help draw up safety standards for self-driving vehicles that could eventually help forming regulations in the United States. General Motors, Ford Motor and Toyota Motor stated they were joining forces with automotive engineering group SAE International to form autonomous vehicle “safety guiding principles […]
U.S. March and quarter one auto sales drop in weak start to this year
Significant automakers on Tuesday reported weak U.S. sales for March and the first quarter, mentioning a rough start to the year, but stated a robust economy and strong labor market should support consumers to purchase more vehicles as 2019 rolls on. Passenger-car sales had a hard time throughout the January-March quarter compared with the same […]
Ford would take a hard look at UK operations
Ford Motor would have to take a “long, hard look” at its operations in the UK, which consists of two engine factories, if the UK exists the European Union without a deal, the U.S. automaker stated on Tuesday. “If we were to get to a no-deal Brexit … then we would have to take one […]
CAOA signs agreement with Ford over Brazilian plant purchase
Brazilian automaker CAOA has signed a confidentiality agreement to negotiate a possible purchase of Ford Motor’s plant in the industrial city of Sao Bernardo do Campo, as per a source knowledgeable about the matter. Ford in February declared it would shut down the plant, its oldest one in the nation, amid a global restructuring plan, […]
Ford launches pilot site to buy used cars online
Ford Motor’s in-house start-up incubator is bringing a Metro Detroit pilot program that would make it simpler for possible buyers to discover used vehicles on Ford dealer lots. This Find Your Ford online platform at www.ford.com/used/ presents pulls inventory from six dealerships in the Metro Detroit region into a database that the system’s creators Arnold […]
