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Ford Motor Company latest news:
Ford to cut production at five North American vehicle plants
DETROIT (Reuters) - Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.
UPDATE 1-Ford to cut production at five North American vehicle plants
DETROIT, Sept 19 (Reuters) - Ford Motor Co said on
Tuesday it plans to idle five North American vehicle assembly
plants for a total of 10 weeks to reduce inventories of
Auto ABS Issuers Pull Pools Back From Harvey, Irma Impacted Areas
During one of the busiest times for the secondary market, auto lenders are excluding vehicles affected by Hurricane Harvey from ABS issuances over fears of negative-equity deals, according to presale reports. Exeter Finance Corp., Fifth Third Bank Dealer Financial Services, Ford Motor Credit Co., and Santander Consumer USA haveRead More
Ford's Lincoln brand plans electrified versions of all models by 2022 -sources
Ford Motor Co's(F) premium Lincoln brand plans to offer hybrid gasoline-electric versions of all its U.S. models by 2022, according to three sources familiar with the plans. Details could be announced as early as Oct. 3, when Ford Chief Executive Officer Jim Hackett plans to update investors on the automaker's strategy.
Ford looks at self-driving systems for commercial trucks -executive
Aug 30 (Reuters) - Ford Motor Co is considering
deploying self-driving vehicle technology in larger commercial
vehicles and is working with multiple partners to put its
autonomous vehicles on the road, a senior Ford executive told
Reuters on Tuesday.
AutoFi Raises $10 Million Series A to Grow Beyond Ford Credit
AutoFi raised $10 million in Series A funding, which it plans to use to “accelerate” the growth of its lender, manufacturer, and dealer partners, the fintech company announced today. The latest funding round includes existing investors Crosslink Capital, Ford Motor Credit Co., and Lerer Hippeau Ventures. AutoFi has also entered intoRead More
Fintech startup AutoFi raises $10 mln
AutoFi Inc, a financial technology startup catering to the auto industry, said on Thursday it raised $10 million in series A funding, bringing the total amount of equity funding to $17 million. The funding round included existing investors such as Crosslink Capital, Ford Motor Credit Co LLC and Lerer Hippeau Ventures.
Ford names former Key Safety exec Lou to head China operations
(Reuters) - Ford Motor Co. on Wednesday named former Key Safety Systems executive Jason Luo as chairman and chief executive of its China operations.
Fairlane Town Center accommodates Ford offices
U.S. malls are shifting to fill vacated retail spaces while meeting the demands of shoppers. When Lord & Taylor pulled out of the Fairlane Town Center mall Dearborn, Michigan the mall's owners leased over 240,000 sq. ft. to the Ford Motor Company.
Ford says it is cooperating in German diesel investigation
BERLIN (Reuters) - Ford said German motor authorities were investigating a diesel-engined model of its mid-sized Mondeo car, adding that none of its cars was equipped with illegal emissions cheating software.
U.S. auto sales fall in July as carmakers slash rental fleet sales
DETROIT (Reuters) - U.S. carmakers said on Tuesday they continued to slash sales to daily rental fleets in July as General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles struggled to curb a slide in retail sales during the month.
UPDATE 3-U.S. auto sales fall in July as carmakers slash rental fleet sales
DETROIT, Aug 1 (Reuters) - U.S. carmakers said on Tuesday
they continued to slash sales to daily rental fleets in July as
General Motors Co, Ford Motor Co and Fiat Chrysler
Automobiles struggled to curb a slide in
retail sales during the month.
Ford to repair U.S. police vehicles after carbon monoxide concerns
WASHINGTON (Reuters) - Ford Motor Co said Friday it will pay to repair police versions of its Ford Explorer SUVs to correct possible carbon monoxide leaks that may be linked to crashes and injuries after U.S. regulators escalated an investigation into 1.33 million vehicles.
BRIEF-Ford Motor offers to repair police vehicles to respond to carbon monoxide concerns
* Ford Motor offers to repair police vehicles to respond to
carbon monoxide concerns
Ford's 2Q profit better than expected despite CEO turmoil
Ford Motor Co.'s net income rose 4 percent to $2 billion in the second quarter, boosted by a change in the company's tax rate and better-than-expected results at its credit arm.
Ford results foreshadow tougher times for Detroit automakers
DETROIT (Reuters) - Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year.
Ford to petition to avoid U.S. recall of 2.5 mln vehicles
Ford Motor Co(F) will petition to avoid a U.S. recall of about 2.5 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said Friday.
Ford to petition to avoid recall of 2.2 mln vehicles
Ford Motor Co(F) will petition to avoid an immediate recall of about 2.2 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said Friday.
Ford's China sales bounce back in June as tax impact fades
BEIJING (Reuters) - Ford Motor Co said its China sales surged 15 percent in June, their strongest pace of the year, and it was optimistic about the outlook for the second half as the industry puts the phasing out of a tax cut behind it.
Ford China sales post strongest growth of year in June
Ford Motor Co(F) sales in China rose at the strongest pace this year in June with the U.S. automaker's top regional executive predicting strong single-digit growth for the auto sector overall in the third quarter. Ford China sales increased 15 percent year-on-year in June to more than 100,000 vehicles.
GM, Ford shares rally as investors shrug off weak June sales, focus on outlook
Shares of General Motors Corp. and Ford Motors Corp. rose sharply Monday, as investors shrugged off weak U.S. June sales and focused on optimism about the outlook. GM and Ford reported 5% declines in sales for the month, but Honda Motor Co. , Nissan Motor Co. and Toyota Motor Co. all notched gains. Executives were generally upbeat about the second half. "Now, while there's obviously significant fluctuation month to month, we expect our overall fleet business to end 2017 about the same as 2016 in terms of volume, share and percent of our total for all three components: rental, commercial and government," Ford executives said on a media call. Analysts were expecting 2017 sales to lag 2016, a record year. Ford shares jumped 3.5% and GM shares were up 3.6%. The Dow Jones Industrial Average rose 0.8% to a fresh record, while the S&P 500 was up 0.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Ford says it needs to correct driveshaft issue in transit vans made in 2015-2017
Ford Motor Co. said Wednesday it is conducting a field service action to correct a driveshaft issue in transit vans made in 2015 through 2017. The company did not specify how many vehicles may be affected. It said it expects the action to cost $142 million at its North America business unit. Any impact on the company's guidance for pre-tax profit will be provided with earnings for the second quarter scheduled for release July 26. Shares were flat in premarket trade, but are down 9% in 2017 so far, while the S&P 500 has gained about 8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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