Ford Motor | SpeedLux

750 Ford electric cargo vans ordered by Penske Automotive unit

Penske Truck Leasing made an order of 750 of Ford Motor’s electric E-Transit cargo vans, the unit of Penske Automotive said on Monday. The move comes as some companies such

Ford4 years ago

Ford Motor crosses $100 billion in market value for the first time

Ford Motor’s market value surpassed $100 billion for the first time last week as more investors bet on the automaker’s shift to electric vehicles. Ford is now worth more compared

American4 years ago

Rivian announces $2.5 billion funding round

Rivian on Friday closed a $2.5 billion fundraising round led by investors such as Amazon.com, Ford Motor, and T. Rowe Price. The announcement came the day after the electric car

General Motors4 years ago

General Motors, Ford to cut North American production over chip shortage

General Motors and Ford Motor have said on Thursday they will slash more vehicle production over the continued semiconductor chip shortage that has roiled the global automotive industry. The White

Cars5 years ago

3,500 U.S. companies including automakers sue over Trump-imposed Chinese tariffs

About 3,500 U.S. companies, including Tesla Inc, Ford Motor have sued the Trump administration in the last two weeks over the imposition of tariffs on over $300 billion (£235.35 billion)

Ford5 years ago

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

American5 years ago

U.S. auto sales results encourage Detroit plan to rebuild inventories

Several automakers this week reported stronger-than-expected auto sales in May in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to reconstruct inventories

Ford5 years ago

General Motors, Ford turn to fast-payment programs to aid suppliers

General Motors and Ford Motor are utilizing fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the spread of the coronavirus pandemic.

American5 years ago

Supplier resumes flow of critical truck parts to Detroit automakers

Dana Inc, a major supplier of truck parts to Detroit automakers, resume its Toledo plant Monday on a single shift, with one-third of its 750-person workforce and less than 1%

Ford5 years ago

Most U.S. dealers of Ford got federal payroll protection loans

Most of Ford Motor’s U.S. dealers got payroll protection loans from the U.S. government during this ongoing coronavirus pandemic, the automaker’s chief operating officer stated on Thursday. Early in the

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