Ford

Business

GM, Ford Credit Arms May Lose Billions on Used-Car Price Plunge

GM Vehicles are displayed at a car dealership in Illinois in 2019. GM vehicles are displayed at a car dealership in Illinois in 2019. (Daniel Acker/Bloomberg News)

General Motors Co.’s and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the dramatic drop in used vehicle prices, JPMorgan Chase & Co. analysts said.

April 20, 2020
Business

GM’s Draw-Down Preserves Dividend, Signals Edge Over Ford

Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich., in 2019. Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich., in 2019. (Jeff Kowalsky/Bloomberg News)

General Motors Co. joined Ford Motor Co. in tapping its credit lines to stock up on cash, but the bigger automaker is signaling superiority over its Detroit rival by leaving its dividend intact for now.

David Welch | Bloomberg News
March 24, 2020
Business

Ford Helping GE Make Ventilators, 3M Manufacture Respirators

A 3M face mask. (Brent Lewin/Bloomberg News)

Ford Motor Co. is throwing its design and production prowess behind two other manufacturers’ efforts to build more ventilators and respirators for health care workers and first responders.

March 24, 2020
Business, Safety

Ford Bans All Business Trips After Two Employees Contract Coronavirus

Ford Motor Co. David Zalubowski/Associated Press

Ford Motor Co. has banned all air travel for business after two of its employees in China contracted the coronavirus.

Keith Naughton | Bloomberg News
March 3, 2020
Business, Equipment, Safety

Tailgate Problems Prompt Ford F-150 Recall in Canada, but not US

A United Auto Workers assemblyman works on a 2018 Ford F-150 truck in Michigan. A United Auto Workers assemblyman works on a 2018 Ford F-150 truck in Dearborn, Michigan. (Carlos Osorio/Associated Press)

Ford is recalling its popular F-150 pickup truck in Canada to fix a problem with electric tailgate latches, but identical trucks aren’t being recalled in the U.S.

Tom Krisher | Associated Press
January 29, 2020
Business, Technology

Ford’s Lincoln Partners With Rivian for First Electric Model

Rivian's R1S electric SUV is unveiled at the Los Angeles Auto Show in November 2018. Rivian's R1S electric SUV is unveiled at the Los Angeles Auto Show in November 2018. (Patrick T. Fallon/Bloomberg News)

Lincoln is building its first fully electric vehicle with Rivian Automotive Inc., the battery-powered truck and SUV maker Ford Motor Co. backed with a $500 million investment last year.

Keith Naughton | Bloomberg News
January 29, 2020
Business

Ford Sales Miss Estimates on 15% Drop in Explorer Deliveries

New Ford Explorers on a lot Unsold 2020 Explorers sit at a Ford dealership in Littleton, Colo., on Oct. 20, 2019. Explorer sales dipped 15% in the fourth quarter. (David Zalubowski/Associated Press)

Ford Motor Co.’s fourth-quarter U.S. sales fell more than expected as a decline in deliveries of its redesigned Explorer dragged down sport-utility vehicle results.

Keith Naughton | Bloomberg News
January 6, 2020
Business, Equipment

Ford to Add 3,000 Jobs in Detroit Area, Invest $1.45 Billion

Ford Cars sit at a Ford dealership. (David Zalubowski/Associated Press)

DETROIT — Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs, and electric and autonomous vehicles.

Tom Krisher | Associated Press
December 17, 2019
Business, Technology, Equipment, Fuel

Ford Unveils Electric Mustang SUV to Challenge Tesla Dominance

Electric Mustang SUV The Ford Motor Co. Mustang Mach-E GT electric sports utility vehicle is unveiled during a reveal event in Hawthorne, Calif. (Patrick T. Fallon/Bloomberg News)

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

Ford to Close Michigan Engine Factory

Ford CEO Jim Hackett Ford CEO Jim Hackett by Seth Wenig/Associated Press

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

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