Ford extends talks with Volkswagen and Mahindra to cut expenses

Ford Motor logo

With its stock trading close to a 6-year low late last month, Ford Motor CEO Jim Hackett gathered the automaker’s top 300 executives close to its headquarters located in Michigan for a global leadership meeting. Hackett’s message: Ford should put in motion plans to restructure its business now in order to secure promised expenses savings, […]

Ford plans to invest $11 billion in 40 electrified vehicles by 2022

Jim Hackett and Bill Ford presents 2019 ford ranger during the ford press january 14 2018

Ford Motor will considerably increase its scheduled investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and completely electric vehicles in its model lineup, Chairman Bill Ford stated during Detroit auto show. The investment figure is sharply higher than a previously revealed target of $4.5 billion by 2020, Ford executives stated, […]

Major automakers urge Trump administration not to eliminate NAFTA

NAFTA

Global automakers on Monday prompted the Trump administration not to end the North American Free Trade Agreement and revealed hope the United States, Canada and Mexico can successfully conclude a modernized and enhanced trade pact. Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne, who announced recently plans to move heavy pickup truck production from Mexico to […]