Ford Motor

Business

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

Sean Proctor/Bloomberg News

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 A 2017 Ford Motor Co. Super Duty F-250 truck stands near an American flag at the Ford Kentucky Truck Plant in Louisville, Ky. (Luke Sharrett/Bloomberg News)

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
Business, TCA

Ford Sticks With Hybrids as Other Automakers Rush to All-Electric Vehicles

Woman fuels Ford hybrid Ford 2020 Escape hybrid by Ford.com.

DETROIT — While other automakers — notably crosstown rival General Motors and German giant Volkswagen — shift their focus to vehicles powered by electricity alone, Ford continues to develop and invest in hybrids, which combine gasoline engines with electric batteries.

Mark Phelan | Detroit Free Press
May 17, 2019
Business, Technology, Logistics

Ford Partners With Amazon to Enable Package Deliveries

Amazon Jim Young/Bloomberg News

Ford Motor Co. is the latest automaker opening its vehicles’ trunks to Amazon.com., entering a partnership to enable delivery of packages directly to millions of Ford and Lincoln models.

Keith Naughton | Bloomberg News
April 30, 2019
Business, Technology

Ford Partnership With EV Manufacturer Rivian Includes $500 Million Funding

Rivian Unveiling of Rivian truck at the 2018 LA Auto Show (Patrick T. Fallon/Bloomberg News)

Ford Motor Co. will invest $500 million in Rivian Automotive Inc., aligning the maker of the industry-leading F-Series pickup line with an upstart that’s electrifying gas-guzzling trucks and SUVs

Keith Naughton | Bloomberg News
April 24, 2019
Business

Ford Sees $1 Billion Boon From One Truck Plant Transformation

Ford A Ford F-250 truck stands near an American flag at the Ford Kentucky Truck Plant in Louisville, Ky. (Luke Sharrett/Bloomberg News)

Ford Motor Co. predicted an earnings boon from converting just one car plant to make trucks and also SUVs. And the automaker said that factory is just the first of many that will pump out more profit.

Keith Naughton | Bloomberg News
April 17, 2019
Business

Ford Executives Shift Roles With Mobility Chief Near Retirement

Ford Joe Hinrichs, president of automotive (Luke Sharrett/Bloomberg News)

Ford Motor Co.’s two company presidents are shuffling roles — with one taking responsibility for the business of today, and the other the approach to tomorrow — as a third executive prepares to retire.

Keith Naughton | Bloomberg News
April 10, 2019
Business, Technology, Autonomous

Ford CEO Jim Hackett Tamps Down Expectations for First Autonomous Vehicles

Ford A Ford Motor Co. Explorer Hybrid SUV at the 2019 North American International Auto Show in Detroit, Mich. (Daniel Acker/Bloomberg News)

Too much hype has built up about how soon self-driving cars will hit the road, but they will ultimately change the world, Ford Motor Co.’s CEO Jim Hackett said.

Keith Naughton | Bloomberg News
April 9, 2019
Business, Technology, Autonomous

Ford Plans $900 Million Bet on Michigan-Made Autos of Future

Ford Ford Motor Company Rogue plant in dearborn, Mich. (Sean Proctor/Bloomberg News)

Ford Motor Co. plans to spend about $900 million and hire about 900 workers to build electric and self-driving vehicles in Michigan, while moving production of a small commercial van to Mexico from Europe.

Keith Naughton | Bloomberg News
March 20, 2019
Business, Technology, Logistics

Ford Boosts Output of Big SUVs for Second Time in Two Years

Ford Ford plant in Louisville, Ky. (Luke Sharrett/Bloomberg News)

Ford Motor Co. is boosting production of its biggest, highly lucrative sport utility vehicles for the second time in two years at a U.S. factory already bursting at the seams.

Keith Naughton | Bloomberg News
March 19, 2019

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