Business, Technology, Equipment, Fuel

Ford Unveils Electric Mustang SUV to Challenge Tesla Dominance

Ford Motor Co. is reinventing one of its marquee models — the Mustang muscle car — as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade.

Keith Naughton | Bloomberg News
November 18, 2019
Business, Technology, Fuel, Autonomous

Ford Puts Iconic Mustang Name on First Electric Crossover

Ford Motor Co., which pioneered the racy pony-car body style 55 years ago, will use the Mustang name and insignia on an electric crossover utility vehicle coming next year.

Keith Naughton | Bloomberg News
November 15, 2019

Ford to Close Michigan Engine Factory

Ford Motor Co. is closing a Michigan engine factory as part of the tentative agreement it reached with the United Auto Workers Oct. 30, as the automaker begins to shift from traditional internal combustion engines to battery-powered vehicles.

Keith Naughton | Bloomberg News
October 31, 2019
Business, Technology, Logistics, Autonomous

Waymo CEO Sees Driverless Trucking Catching on Faster Than Taxis

True driverless cars have arrived from Waymo, the self-driving unit of Alphabet Inc., but the company’s chief executive officer says robot ride hailing may not be the first form of automotive autonomy to take off commercially.

Keith Naughton | Bloomberg News
October 29, 2019

Ford Cuts 2019 Outlook

Ford Motor Co., struggling to roll out its redesigned Explorer sport-utility vehicle, cut its full-year forecast by $500 million, in a sign an $11 billion restructuring by Chief Executive Officer Jim Hackett will take more time before a promised payoff.

Keith Naughton | Bloomberg News
October 23, 2019
Business, Technology, Autonomous

Lyft Making Driverless Data Public in Bid to Speed Development

Lyft is making research data on self-driving technology available to the public in a bid to accelerate the development of robotic cars, which is seen as critical to the ride-hailing giant’s future viability.

Keith Naughton | Bloomberg News
July 23, 2019
Government, Business, Logistics

Mexico Tariff Would Have ‘Significant’ Negative Impact, Ford Says

Ford Motor Co. would feel a serious impact if tariffs are levied on the cars, engines and transmissions it imports from Mexico, but a top executive at the automaker expressed optimism the trade dispute can be resolved without lingering damage.

Keith Naughton | Bloomberg News
June 6, 2019

Ford Truck Profits Hide Need for More Cuts, Morgan Stanley Says

Ford Motor Co. may need to cut more than the recently announced 7,000 salaried workers to compensate for slowing auto sales, a situation that’s not readily apparent because its F-Series pickup helped “cover industry blemishes” with $10 billion in pretax earnings last year, Morgan Stanley said.

Keith Naughton | Bloomberg News
May 21, 2019
Business, Technology

Ford Slashing 7,000 Jobs as Disruption Sweeps Auto Industry

Ford Motor Co. plans to eliminate about 7,000 salaried jobs — about 10% of its global white-collar workforce — as pressures mount on automakers to keep pace with massive technological shifts amid signs global car demand has peaked.

Keith Naughton | Bloomberg News
May 20, 2019
Government, Business, Logistics

Trump’s Tariffs on Chinese Electric Cars Seen Likely to Last

With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the country’s auto market.

Keith Naughton | Bloomberg News
May 7, 2019