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NEW YORK, Sept 25, 2023 (AFP) – Ford is halting work on a major battery plant in the northern US state of Michigan, the automaker said Monday, just seven months after launching the project with a Chinese partner. The stoppage, which a Ford a representative confirmed to AFP, comes as the company faces a major strike along with both of the other “Big Three” US automakers, Stellantis and General Motors. The Ford spokesperson insisted the […]
BERLIN, Germany (AFP) – US auto giant Ford is planning to axe 3,200 jobs in Germany, a union said Monday, adding it was extremely concerned about the future of the company’s sites in Europe’s top economy. The news came amid fears in the EU that companies could shift their operations to the United States because of the recently passed landmark Inflation Reduction Act that offers tax cuts for US-made electric cars and batteries. A spokesman for […]
by John BIERS Agence France-Presse DETROIT, United States (AFP) — Ford unveiled Wednesday its seventh-generation Mustang in a brash and boisterous launch event in downtown Detroit that pointed to the staying power of gasoline-powered vehicles. The big reveal had been teased for months by company officials and organized as a celebration of the 58-year-old model. The event, organized for Ford employees and Mustang mavens, featured pulsating music, slickly produced videos on wide screens and a […]
NEW YORK, United States (AFP) – US auto giant Ford confirmed Monday it is eliminating around 3,000 jobs, mainly in North America and India, as the company pushes to accelerate its transition to electric vehicles. Challenged by Tesla and other start-ups, traditional carmakers have accelerated production of their electric models in recent years. The restructuring involves 2,000 salaried positions and 1,000 contractors mostly in the United States, Canada and India but does not affect factory […]
NEW YORK, United States (AFP) — US carmaker Ford is preparing to cut several thousand jobs to reduce costs and intensify its transition to electric vehicles, US media reported on Wednesday. The group is expected to announce the elimination of more than 4,000 jobs in the coming weeks, according to the Wall Street Journal, which cited people close to the matter. Factory workers are not expected to be affected, the report said. Bloomberg said as […]
NEW YORK, United States (AFP) – US carmaker Ford on Monday said it would offer seven new electric vehicle models in Europe by 2024 and expand operations in Germany, Romania and Turkey. Ford last month created a new business dedicated to electric cars, and said it aims to sell more than 600,000 of these vehicles annually in Europe alone by 2026, as part of a larger goal of selling two million electric cars worldwide by […]
by John BIERS Agence France-Presse NEW YORK, United States (AFP) – Ford announced Wednesday it is creating separate businesses for its conventional and electric-auto operations, as it accelerates its build-out of emission-free vehicles. Under the plan, which sent Ford shares sharply higher, the conventional internal combustion operations will be known as “Ford Blue,” while the electric vehicle (EV) products will be run through “Ford Model e.” The reorganization, while significant, keeps both operations under the […]
by Geoff Robins with Michel Comte in Ottawa Truckers snarling a key bridge between Canada and the United States in protest at Covid rules defied a judge’s order to leave Friday night, with the crowd getting even bigger two weeks into the snowballing protest movement. The days-long blockade of the Ambassador Bridge that connects Windsor, Ontario and the US city of Detroit, has paralyzed a key North American trade route, piling pressure on Prime Minister […]
Ford reported weaker-than-expected fourth-quarter profits Thursday amid supply chain problems, even as higher car prices boosted results in North America. Executives with the US automaker said some of the company’s suppliers had been unable to deliver items due to outbreaks of the Omicron variant of Covid-19. Profit margins in 2021’s final quarter were also pinched by higher commodity costs, as well as elevated expenses tied to fuel and shipping, executives said. Ford, which has also […]
by John BIERS Agence France-Presse NEW YORK, United States (AFP)— Ford announced Thursday a dramatic acceleration of its investment push into electric autos and signaled deepening collaborations with technology giants on the increased digitization of driving. The US auto giant, released fourth-quarter and annual results, and said it plans $22 billion in electric car investment through 2025, nearly twice the earlier plan. The announcement is the latest big bet on electric autos by a legacy […]
by Luc OLINGA / Nova SAFO Agence France Presse DETRIOT, United States (AFP) — The Detroit auto show was abuzz over what Ford and Volkswagen would announce Tuesday, after the car giants called off a joint appearance during which they were widely expected to announce an alliance. The two car giants have been in discussions for more than six months over a partnership to develop self-driving and electric technologies. But a source close to the […]
by Luc OLINGA Agence France-Presse NEW YORK, United States (AFP) — Struggling with a sagging stock price and sluggish sales, US car giant Ford took steps to regain its footing this week with the announcement of a massive restructuring effort in Europe — even as it prepared for an imminent strategic partnership with German carmaker Volkswagen. The iconic American brand will roll out a major reorganization of its European operations to boost profitability, including thousands […]
