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Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting
Read full article: Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cuttingStubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company to lower its full-year earnings guidance.
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
Read full article: Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue declineFord Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline.
CEO of Ford demands Red Bull resolution of investigation into team principal Christian Horner
Read full article: CEO of Ford demands Red Bull resolution of investigation into team principal Christian HornerThe CEO of Ford Motor Co. has insisted on a resolution into the investigation of Red Bull team principal Christian Horner in a letter sent to the team.
Ford CEO says company will rethink where it builds vehicles after last year's autoworkers strike
Read full article: Ford CEO says company will rethink where it builds vehicles after last year's autoworkers strikeFord's top executive says that last fall’s contentious United Auto Workers’ strike changed the company's relationship with the union to the point where it will “think carefully” about where it builds future vehicles.
Ford cuts production of F-150 Lightning pickup on weaker-than-expected electric vehicle sales growth
Read full article: Ford cuts production of F-150 Lightning pickup on weaker-than-expected electric vehicle sales growthFord says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth.
United Auto Workers strikes spread as 7,000 more workers at two plants join the picket line
Read full article: United Auto Workers strikes spread as 7,000 more workers at two plants join the picket lineThe United Auto Workers union expanded its strikes against Detroit automakers, ordering 7,000 more workers to walk off the job in Illinois and Michigan.
Stellantis offers update on UAW contract talks ahead of Thursday deadline, possible strike
Read full article: Stellantis offers update on UAW contract talks ahead of Thursday deadline, possible strikeTalks between the UAW and the Big Three automakers continue ahead of a pivotal deadline on Thursday night that could trigger one of the biggest labor strikes in recent years.
Private event held for Ford employees kicks off week of auto show festivities at Hart Plaza
Read full article: Private event held for Ford employees kicks off week of auto show festivities at Hart PlazaTuesday night’s private event for Ford employees kicked off a week of auto show festivities in Hart Plaza.
UAW poised for midnight strike at plants in Wayne, Michigan, Toledo, Ohio, and Wentzville, Missouri
Read full article: UAW poised for midnight strike at plants in Wayne, Michigan, Toledo, Ohio, and Wentzville, MissouriThe United Auto Workers union says it will go on strike at three factories as it presses Detroit companies to come up with better wage and benefit offers.
Ford lures Apple executive to oversee its new software subscription services unit
Read full article: Ford lures Apple executive to oversee its new software subscription services unitFord has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners.
Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing pains
Read full article: Ford 2Q profit surges on strong revenue, but company faces electric vehicle growing painsFord Motor Co.’s second-quarter profit more than tripled to $1.92 billion versus a year ago on stronger revenue and sales.
Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehicles
Read full article: Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric vehiclesFord Motor Co. is going through another round of white-collar job cuts as the company continues to reduce costs amid a transition to electric vehicles.
Ford to bring Mustang back to Le Mans under company rebranding
Read full article: Ford to bring Mustang back to Le Mans under company rebrandingFord has planned a return to the 24 Hours of Le Mans with its iconic Mustang muscle car next year under a massive rebranding of Ford Performance that is aimed at bringing the automotive manufacturer “into the racing business.”.
Ford electric vehicle owners to get access to Tesla Supercharger network starting next spring
Read full article: Ford electric vehicle owners to get access to Tesla Supercharger network starting next springAll of Ford‘s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next spring.
Ford decides to keep AM radio on 2024 models, will restore AM on two electric vehicles from 2023
Read full article: Ford decides to keep AM radio on 2024 models, will restore AM on two electric vehicles from 2023Owners of new Ford vehicles will be able to tune in to AM radio in their cars, trucks and SUVs after all.
Ford's Farley: Cut costs, improve quality and boost margins through software and services
Read full article: Ford's Farley: Cut costs, improve quality and boost margins through software and servicesFord CEO Jim Farley says his company is remaking itself by cutting costs, raising quality and offering software, services and new vehicles that will make profit margins among the best in the industry.
Ford returns to Formula One in partnership with Red Bull
Read full article: Ford returns to Formula One in partnership with Red BullFord will return to Formula One as the engine provider for Red Bull Racing in a partnership announced Friday that begins with immediate technical support this season and engines in 2026.
Ford shuffles management, seeks new global supply chain head
Read full article: Ford shuffles management, seeks new global supply chain headFord is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages.
Ford CEO sees electric vehicle price war as EV costs decline
Read full article: Ford CEO sees electric vehicle price war as EV costs declineFord’s chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000.
Ford raises some white-collar bonuses after objections to initial plan
Read full article: Ford raises some white-collar bonuses after objections to initial planFord Motor Company spent the weekend dealing with an internal crisis over white-collar compensation. After posting a near $18 billion profit for 2021, it turns out the bonus calculations didn’t go over well with many because benefitted senior managers.
Green energy takes hold in unlikely places with Ford project
Read full article: Green energy takes hold in unlikely places with Ford projectWhen Ford revealed plans to ramp up its commitment to the electric vehicle sector, the automaker chose two states where Republican leaders have vilified the push for green energy and defended fossil fuels.
97-year-old WWII veteran given special tour of Michigan Central Station
Read full article: 97-year-old WWII veteran given special tour of Michigan Central StationAfter receiving a personal gift from Ford CEO Jim Farley, England was given a VIP tour of Detroit’s iconic Michigan Central Station. It’s a tour of a lifetime and what a lifetime England has had.
Ford pulls plug on India production after decade of losses
Read full article: Ford pulls plug on India production after decade of lossesFord say it’s going to stop making vehicles for sale in India immediately as part of its efforts to return its business there to profitability, resulting in the loss of approximately 4,000 jobs.
Ford raising EV spending to $30 billion, aims for 40% of fleet electric by 2030
Read full article: Ford raising EV spending to $30 billion, aims for 40% of fleet electric by 2030Ford Motor Co. is boosting its spending on electric vehicle production by $30 billion as it aims to have 40% of its fleet all-electric by 2030.
Ford CEO says US needs to regulate automated driving systems
Read full article: Ford CEO says US needs to regulate automated driving systemsThe CEO of America’s second-largest auto company is calling for the federal government to set standards for fully or partially automated vehicles to tighten the safety of electronic driving systems.
Ford CEO: Electric vehicle demand will transform industry
Read full article: Ford CEO: Electric vehicle demand will transform industryA new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery powered vehicles.
Ford CEO Jim Farley: Electric vehicle demand will transform auto industry
Read full article: Ford CEO Jim Farley: Electric vehicle demand will transform auto industryA new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery powered vehicles.
Ford posts profit, says chip shortage may cut production 50%
Read full article: Ford posts profit, says chip shortage may cut production 50%Ford posted a surprising $3.26 billion profit in the first quarter, but the company says a worsening global computer chip shortage could cut its production in half during the current quarter.
Ford to cut back F-150 production due to chip shortage
Read full article: Ford to cut back F-150 production due to chip shortage(AP Photo/Gene J. Puskar, File)CHARLOTTE, N.C. – Ford Motor Co. said Thursday that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that has also impacted other automakers. Starting Monday, Ford will cut two shifts at its Dearborn, Michigan, facility, going down to one shift per day. AdFord isn't alone in cutting back production due to the shortage of chips needed to produce cars. General Motors will have downtime at three of its factories — one in the U.S, one in Canada and one in Mexico — due to the chip shortage, starting Feb. 8. Other automakers like Nissan, Fiat Chrysler and Toyota have also been impacted by the chip shortage.
US probes complaints that Ford tailgate recall didn’t work
Read full article: US probes complaints that Ford tailgate recall didn’t workFILE - This Feb. 14, 2019 file photo shows the Ford logo on the front grill of a 2019 Ford Explorer on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. (AP Photo/Gene J. Puskar, File)DETROIT – U.S. safety regulators are investigating complaints that a Ford pickup truck tailgate recall didn’t fix the problem. The National Highway Traffic Safety Administration says it has 11 complaints that a recall of power tailgates on 300,000 Super Duty pickups failed to rectify the issue. The agency says it also has received reports from Ford about unintended tailgate openings after the recall repairs were made. Ford recalled the F-250, F-350 and F-450 trucks in 2019 because the power tailgates could open while being driven.
Flashpoint 12/6/20: Lt. Gov. Garlin Gilchrist discusses findings of study on COVID and minorities
Read full article: Flashpoint 12/6/20: Lt. Gov. Garlin Gilchrist discusses findings of study on COVID and minoritiesDETROIT – The second surge of the coronavirus is leaving many asking for help from lawmakers in Washington. Garlin Gilchrist which this week released findings on a new study of the virus. Gilchrist was on Flashpoint Sunday and discussed findings of the study. Segment OneMichigan Democratic congresswoman, Elissa SlotkinSegment TwoMichigan Republican congressman, Paul MitchellSegment ThreeLt. Gov. Garlin Gilchrist
Flashpoint 11/29/20: New Ford CEO talks taking over amid global health crisis, major industry shift
Read full article: Flashpoint 11/29/20: New Ford CEO talks taking over amid global health crisis, major industry shiftDETROIT – For many, the coronavirus pandemic has been a difficult time -- separating loved ones from one another, causing job loss and health scares. For Detroiter Jim Farley, the pandemic has also signaled a significant change in his life: replacing Jim Hackett as CEO of Ford Motor Company. On Sunday, we talked with Farley about what it means for him to take over as CEO in the middle of a worldwide health crisis and a seismic shift in the mobility world. We also talked with leaders of local food banks and how they’re faring amid the pandemic, which has caused food insecurity for many Metro Detroit families. Segment OneNew Ford Motor Company CEO Jim FarleySegment TwoKirk Mayes, CEO of Forgotten Harvest; Gerry Brisson, President and CEO of Gleaners Community Food Bank
Watch Live: Heroes for HOPE Virtual Awards Breakfast
Read full article: Watch Live: Heroes for HOPE Virtual Awards BreakfastDETROIT – Focus: HOPE’s annual Heroes for HOPE event recognizes community leaders dedicated to social justice through passionate commitment to work reflecting our mission of intelligent and practical action to overcome racism, poverty & injustice, while supporting the organization’s efforts to provide paths forward for many metro Detroiters. This year, due to the ongoing pandemic, Focus: HOPE has moved operations to a virtual setting. “As Focus: HOPE has adjusted operations to continue serving our community through the pandemic and social unrest, we have also found new ways to celebrate the generous support of our community, and all we have been able to accomplish together in 2020.”This year, their two signature events – Heroes for HOPE and Eleanor’s March 4 HOPE – will be completely virtual, with the culminating celebrations taking place during the second weekend of October. Watch the Heroes for HOPE Virtual Awards Breakfast on Oct. 9 at 7 a.m. right here on ClickOnDetroit. (Check back for the video player)The celebration includes a conversation with Corporate Legacy Award Honoree Jim Farley, CEO of Ford Motor Company interviewed by WDIV-Local 4 Anchor, Devin Scillian“It is our hope that, by bringing community members together through the Weekend of HOPE, we will be able to celebrate, reflect, and move forward together through action to support real, positive change in Southeast Michigan and beyond.”Awardees include:Father Cunningham & Eleanor Josaitis Award Dwane CaseyCoach, Detroit PistonsVisionary Award United Way for Southeastern MichiganAccepted by Dr. Darienne Driver Hudson, CEOLloyd E. Reuss Corporate Leadership AwardJim TobinExecutive Vice President, Magna InternationalMore info on the Eleanor’s Virtual March 4 HOPE can be found here.
New Ford CEO replaces CFO, pledges stronger profit margins
Read full article: New Ford CEO replaces CFO, pledges stronger profit marginsHe'll be replaced by John Lawler, a 30-year company veteran who has been running autonomous vehicle operations. It also plans to offer more electric vehicles around the globe including a Transit van and F-150 pickups. Ford also plans to add more affordable electric vehicles to its lineup. Reid said Argo software and autonomous vehicle technology would go to other Ford units, including programs to help businesses with logistics. It was pushed into the black by a $3.5 billion accounting gain on the value of its autonomous vehicle operation.
Jim Hackett to retire, COO Jim Farley to take over as president, CEO of Ford
Read full article: Jim Hackett to retire, COO Jim Farley to take over as president, CEO of FordDETROIT Jim Hackett is retiring as president and CEO of Ford Motor Company, and current COO Jim Farley will take his place, the company announced Tuesday. Jim Hackett has laid the foundation for a really vibrant future and we have made tremendous progress in the past three years. I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future, said Bill Ford, Fords executive chairman. My goal when I took on the CEO role was to prepare Ford to win in the future, Hackett said. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.
ClickOnDetroit Morning Briefing -- August 4, 2020
Read full article: ClickOnDetroit Morning Briefing -- August 4, 2020Michigan Primary Election 2020 is today: What you need to knowVoters who havent already voted by mail will head to local voting precincts today to cast their votes in important local races across Southeast Michigan. Spike in COVID-19 cases linked to grad parties in Oakland CountyThe health department says the rising number of coronavirus (COVID-19) cases in the South Lyon area can be traced to summer parties -- specifically graduation and prom parties. There have been 50 new cases in South Lyon alone, which is a rate of 15 cases per 10,000 people. Michigan Secretary of State addresses concerns ahead of primary electionThe Michigan Primary Election is a major test as residents look forward to the general election in November. Michigans Secretary of State said her team is ready for Tuesdays primary election, but she admitted there will be some challenges.
Photos: Ford unveils design of new Bronco Family'
Read full article: Photos: Ford unveils design of new Bronco Family'DEARBORN, Mich. Ford Motor Company is unveiling the new design of the 2021 Bronco at 8 p.m. on Monday. Pre-production 2021 Bronco two-door SUV takes its rugged off-road design cues from the first-generation Bronco, the iconic 4x4 that inspired generations of fans. (Ford Motor Company)When properly equipped, Bronco Sport Badlands models can tow up to 2,200 pounds. (Pre-production model pictured.) (Ford Motor Company)Officials say production will begin early in 2021 and the first models will be available at Ford dealerships in the spring.
Ford COO sees three-shift days at some plants as production ramps up
Read full article: Ford COO sees three-shift days at some plants as production ramps upDETROIT Ford expects to have its U.S. factories humming at pre-coronavirus levels by July 6. Many plants reopened working two shifts and have since added production with workers on overtime. He said the company plans to go to three shifts per day at some plants. Ford and the rest of the U.S. auto industry closed factories in mid-March when employees started catching the coronavirus. Ford initially had trouble restarting in Chicago and Dearborn, Michigan, due to employees testing positive for the virus or due to parts shortages.