Ford Motor is producing face masks in the U.K. and face shields at other Ford plants in Europe as part of initiatives to provide a safe working environment for workers performing essential roles at Ford facilities in Europe during the COVID-19 coronavirus crisis. Production of personal protective equipment is currently underway at Ford centers in […]
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Ford wants to resume U.S. car plants if it can convince union
Ford Motor on Thursday outlined the safety measures it will institute to resume its most profitable U.S. plants during the ongoing coronavirus crisis, expanding on similar efforts by General Motors and Fiat Chrysler Automobiles (FCA) to convince leaders of the United Auto Workers (UAW) union to send members back to work. The UAW has until […]
Ford expects $5 billion loss in current quarter as coronavirus spreads
Ford Motor stated on Tuesday its second-quarter loss would be more than $5 billion from $2 billion in the first quarter because of the spread of the coronavirus pandemic, but added it had enough money regardless of the crisis to last the rest of 2020. “We believe the company’s cash is enough to take us […]
General Motors, Ford and Fiat target May 18 restart date in the US
General Motors, Ford Motor and Fiat Chrysler Automobiles are targeting May 18 to restart some production at their U.S. plants after shutting down plants in March because of the spread of the coronavirus, the Wall Street Journal reported. Executives from the companies in recent times tentatively settled on the timeline after talks with the leaders […]
Airbus and Ford say they can make more ventilators if UK ups order
A group of companies, including Airbus and Ford, could make more than the current government order of 20,000 ventilators and keep making once normal operations begin to restart, the head of the project informed Reuters on Tuesday. Several engineering, aerospace, automotive and Formula One companies have joined each other to produce the equipment in order […]
Ford’s first-quarter China vehicle sales declined 35% due to coronavirus
Ford Motor stated on Thursday that its China vehicle sales in the first three months this year declined 34.9% from a year ago to 88,770 units, as the novel coronavirus epidemic hit demand in the world’s biggest automobile market. The automaker said that nonetheless, all its dealers in China had restarted work and its sales […]
Ford expects coronavirus shutdown to result in $600 million quarterly loss
Ford Motor stated on Monday it expects to post a pre-tax loss of about $600 million for the first quarter as the coronavirus crisis have led a reduction in its sales and shuttered auto assembly plants, resulting in a 21% decline in vehicle sales to dealers against the same quarter in 2019. Only Ford’s joint […]
Ford making masks to protect workers against coronavirus
Ford Motor stated on Monday it is producing face masks at a Michigan plant to safeguard its workers from the coronavirus pandemic and is looking for certification of those masks for medical use. The automaker stated the masks are being created at its Van Dyke transmission plant located in Sterling Heights, Michigan, and were developed […]
Ford India extends service and warranty period till June 30
Last week, Ford India on announced extension on extended warranty and service period for all Ford cars until June 30, 2020. The automaker informed that the extension is valid for the customers whose warranty is set to expire in the period of March 15 to May 30, 2020. The move comes with a slew of measures […]
Ford converts Michigan plant into ventilator factory, promising 50,000 devices by July
The Ford Motor’s Rawsonville Plant located in Michigan is being converted into a ventilator factory, as hospitals fighting the coronavirus have reported about shortages of the life-saving devices. Ford expects to start building the devices this month and increasing it to 7,200 a week. The company has promised to provide 50,000 ventilators by July 4, which may be […]
Ford to keep Europe manufacturing operations offline at least until May 4
Ford Motor on Friday extended the temporary halt of vehicle and engine production at the majority of its European manufacturing sites at least until May 4. The company’s shares dropped over 2% to $4.25 in the New York stock exchange. The automaker stated earlier month that the suspension would last for a “number of weeks” […]
Ford CEO Jim Hackett earned $17.4 million in 2019
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 […]
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 […]
