A worker at Ford’s Kentucky Truck plant in Louisville. Ford The state of Kentucky is getting ready to welcome billons of dollars of investments by Ford Motor Co. in the state so the auto company...
Tag: jim farley
Ford Is Balancing Flip Side Of EV Revolution In Cutting 3K Workers
President Biden drives a Ford F-150 Lightning all-electric pickup truck.T AFP via Getty Images One reason the EV “revolution” has been halting so far is that there are decidedly negative slip sides to...
Ford Confirms Layoffs, Says It Is Cutting About 3,000 Jobs
Updated Aug. 22, 2022 4:58 pm ET Listen to article (2 minutes) Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slas...
Ford Faces $1.7 Billion Verdict in Fatal Rollover of F-250 Pickup
Ford Motor is facing a potential $1.7 billion in punitive damages after a Georgia jury reached a verdict Friday in a case involving a 2014 rollover of a Ford F-250 pickup truck that left two people de...
Auto Makers Expect Car Sales to Defy Economic Gloom
Listen to article (2 minutes) Even as consumer spending cools, one place buyers continue to splurge is at the car dealership. Auto executives reporting earnings earlier this week displayed confidence ...
Ford Bronco Engine-Failure Reports Spur Federal Safety Investigation
The top U.S. auto-safety regulator is opening an investigation into reported catastrophic engine failures with some Ford Bronco vehicles, yet another setback in the auto maker’s efforts to improve its...
Ford Plans to Cut Several Thousand Salaried Jobs
Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company for a long-range transition to electric vehicles, according to people familiar...
Ford’s Talk of New EV-Selling Rules Rattles Some Dealers
Ford Motor Co. is preparing new rules for how it sells electric vehicles, a shift that is concerning some dealers and seen as challenging the traditional franchise model. Executives from the Detroit g...
The Best Investment Right Now Might Actually Be Used Cars Or Trucks
Used cars are displayed on a sales lot in San Francisco, California. As the industry continues to … [+] deal with multiple issues, demand and prices of used cars have risen significantly over th...
Ford Posts $3.1 Billion First-Quarter Loss, Maintains 2022 Outlook
Ford Motor Co. F 0.95% swung to a net loss of $3.1 billion in the first quarter, a reversal largely driven by a steep loss in valuation of its stake in electric-vehicle startup Rivian Automotive Inc. ...
Ford F-150 Lightning Has Been Cleared For Landing
Ford CEO Jim Farley celebrates the production launch of the 2022 F-150 Lightning, full size electric … [+] pickup Sam Abuelsamid Until the public unveiling of the Mustang Mach-E in November 2019...
Ford Isn’t Tesla Yet And Shouldn’t Be Trading Like An Electric Vehicle Stock, This Firm Says
Topline It’s too early for investors to value and trade legacy automakers such as Ford like electric vehicle stocks, according to Jefferies analysts who recently downgraded shares of the company warni...
Ford’s Amped Up Electric Vehicle Strategy Boost Shares, Tops GM’s Market Cap
Ford CEO Jim Farley with the electric F-150 Lightning truck in Dearborn, Michigan. Bill Pugliano/Getty Images Ford Motor Co.’s plans to accelerate production and sales of battery-powered crossovers an...
Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans
Topline Shares of Ford continued to move higher on Thursday—with the legacy automaker’s market value surpassing $100 billion for the first time ever—as more Wall Street analysts bet on the company suc...
Ford Stock Surges Another 11% As Company Aims To Challenge Tesla’s Electric Vehicle Dominance
Topline Shares of legacy automaker Ford continued to surge on Tuesday amid high demand for its upcoming electric pickup, extending a solid run after rising 140% last year and beating out the likes of ...