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The Latest Breaking News from Ford Motor Co

Ford reveals EV losses as it rolls out new financial reporting

Ford Motor Co. is set to lose $3 billion on its electric vehicle business this year — but it expects losses to reverse in the coming years as volumes of plug-in vehicles grow.

Tribune News Service

2 employees of town near planned Ford truck plant indicted

Officials say two employees of a rural west Tennessee town that resisted a takeover attempt by the state after Ford Motor Co. announced plans to build a truck plant nearby have been charged with the theft of town funds and official misconduct

The Independent UK

Ford recalls 18 F-150 Lightnings over battery issue

Ford Motor Co. said Friday that it is recalling 18 F-150 Lightning pickup trucks due to a battery cell manufacturing defect.

Tribune News Service

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Ford sales up 22% in February on better inventory flow

Ford Motor Co.'s U.S. sales rose 22% year-over-year in February, bolstered by a healthier flow of new-vehicle inventory.

Tribune News Service

Ford launches new automated driving tech subsidiary

Ford Motor Co. on Thursday announced the formation of a unit that will develop automated driving technology for the automaker's vehicles.

Tribune News Service

Postal Service taps Ford to build more than 9,000 electric delivery trucks

WASHINGTON — The United States Postal Service awarded a competitive contract Tuesday to Ford Motor Co. for 9,250 battery-electric vehicles.

Tribune News Service

Post office buys 9,250 electric vans, 14,000 charge stations

The U.S. Postal Service is buying 9,250 Ford Motor Co. electric vans and 14,000 charging stations as part of a move to switch its fleet to electric vehicles

The Independent UK

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Ford only Detroit automaker to make Consumer Reports' 'Top Picks' list

Ford Motor Co. is once again the only Detroit automaker to make this year's "Top Picks" list by Consumer Reports.

Tribune News Service

How years of tricky talks sealed Ford’s deal with a Chinese battery maker

For executives on both sides of the Pacific, Ford Motor Co.’s controversial deal to build a $3.5 billion electric-vehicle battery plant in Michigan using Chinese technology was the finale of a high-wire act that began two years ago.

Tribune News Service

Ford F-150 Lightning fire prompts production halt

Ford Motor Co. confirmed Wednesday that a vehicle fire prompted a production stoppage on the all-electric F-150 Lightning.

Tribune News Service

After earnings miss, Ford execs discuss how to fix $7B-$8B cost disadvantage

Ford Motor Co. executives on Wednesday provided greater insight into costs that are weighing on the Dearborn automaker's financial results, with CEO Jim Farley saying "fundamental change" is needed, especially around how vehicles are engineered, sourced and built.

Tribune News Service

Ford to cut 3,800 jobs in Europe amid shift to EV future

Ford Motor Co. plans to cut 3,800 jobs in Europe, a move the Dearborn automaker announced Tuesday as part of a broader effort to revitalize its Europe business amid "rapidly changing market conditions" and an increasingly competitive electric-vehicle market.

Tribune News Service

Ford chooses US for federal incentives. Experts say it's just the beginning

WASHINGTON — Ford Motor Co. first considered sites in Canada, Mexico and elsewhere for the $3.5 billion battery plant it plans to build in Michigan, company officials said Monday, but hefty new incentives in the Inflation Reduction Act pushed them to choose the United States.

Tribune News Service

Ford details $3.5 billion electric vehicle battery plant to be built in Michigan

ROMULUS, Michgan — Ford Motor Co. signaled Monday that Michigan will play a central role in the Dearborn automaker's bid to secure its electric-vehicle supply chain and diversify its battery technologies.

Tribune News Service

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Bangkok Post

Ford and Chinese giant team up on EV batteries

Ford Motor Co and China-based CATL — the world’s biggest electric vehicle battery maker — are reportedly planning to build an EV battery plant in Michigan, capping a months-long search that became mired in tensions between the US and China.

Tribune News Service

Ford to announce $2.5B battery plant in Michigan with Chinese partner

Ford Motor Co. on Monday is expected to detail a multi-billion-dollar investment with a Chinese company to build an electric-vehicle battery plant on a site in mid-Michigan, The Detroit News has confirmed.

Tribune News Service

Ford to launch Formula 1 comeback after 20 years

Ford Motor Co. on Friday is returning to Formula 1 after more than 20 years, and just weeks after crosstown rival General Motors Co. said it was joining forces with Andretti Global to launch a bid to compete in one of the world's most prestigious motor races.

Tribune News Service

Ford hourly workers to get $9K in profit sharing despite headwinds

Ford Motor Co. will pay profit-sharing bonuses of up to $9,176 to hourly autoworkers in the U.S. for 2022, the automaker said Thursday.

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Tribune News Service

Ford posts $2 billion loss in 2022

Ford Motor Co. posted a $2 billion net loss last year, down from 2021's $17.9 billion in profits that had been bolstered by gains on the automaker's investment in electric-vehicle startup Rivian Automotive Inc.

Reuters

Yellen lauds Ford's 100-year history in South Africa, flags more investments

U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it "can count on," including South Africa.

Tribune News Service

Ford's BlueCruise automated driving system tops Consumer Reports study

Ford Motor Co.'s BlueCruise active driving assistance (ADA) system has surpassed General Motors Co.'s SuperCruise and Tesla Inc.'s Autopilot to achieve the top spot in a Consumer Reports' study of 12 of the ADA systems released Wednesday.

Tribune News Service

Virginia governor scraps Ford's bid for EV battery plant with Chinese partner

A Ford Motor Co. battery plant investment sought by Michigan and Virginia that would have created roughly 2,500 jobs was rejected by Virginia Gov. Glenn Youngkin, a potential Republican candidate for president, over his objections to the involvement of a Chinese partner.

Zenger

‘God, We Were Lucky’: Ford CEO Shares Family Tidbit About Chris Farley And ‘Tommy Boy’

Some knew that Jim Farley was the cousin of the late movie star Chris Farley and former professional hockey player Tripp Tracy.

Tribune News Service

Will Ram's electric truck be a 'revolution'? Here's where its concept stands

LAS VEGAS — The "Ram Revolution" has arrived.

Tribune News Service

Ford closes 2022 as No. 2 EV maker as sales slip 2.2%

Ford Motor Co.'s U.S. sales slipped 2.2% year-over-year in 2022, amid the auto industry's worst sales showing in a decade.

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