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 …
Ford Motor
Articles related to American automaker Ford Motor.
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 …
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 …
- FordGeneral Motors
General Motors, Ford to cut North American production over chip shortage
by SpeedLuxby SpeedLuxGeneral 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 …
- Cars
3,500 U.S. companies including automakers sue over Trump-imposed Chinese tariffs
by SpeedLuxby SpeedLuxAbout 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) …
- Ford
Ford pauses social media advertising, aims hate speech to be ‘eradicated’
by SpeedLuxby SpeedLuxFord 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 …
- American
U.S. auto sales results encourage Detroit plan to rebuild inventories
by SpeedLuxby SpeedLuxSeveral 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 …
- FordGeneral Motors
General Motors, Ford turn to fast-payment programs to aid suppliers
by SpeedLuxby SpeedLuxGeneral 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. …
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% …
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 …

