Ford Sets 130% Bonuses After Quality Gains, Says CEO Jim Farley
Ford Motor CEO Jim Farley told employees in a town hall on Wednesday that companywide bonuses would be set to 130%, according to four people familiar with the matter, as…
Ford, Geely in Talks Over Potential Tech Partnership, sources says
Ford and China’s Geely are in discussions about a potential partnership, eight people with knowledge of the ongoing talks said, as the world's carmakers look to share heavier technology and…
Ford in talks with Xiaomi on U.S. EV joint venture
Ford has held talks with electric-vehicle maker Xiaomi about forming a joint venture to manufacture EVs in the U.S., the Financial Times reported on Saturday, citing people familiar with the…
Ford, GM in talks to finance bankrupt First Brands during Chapter 11
Ford and General Motors are in negotiations with bankrupt car parts supplier First Brands Group over a potential financing package to keep the company operating during its Chapter 11 proceedings,…
Ford recalls over 119,000 U.S. vehicles over engine block heater fire risk, NHTSA says
Ford Motor is recalling 119,075 vehicles in the U.S. as the engine block heater may crack and leak coolant, potentially causing a short circuit and increasing the risk of a…
Ford to Launch Level 3 Hands-Free, Eyes-Off Driving on Highways by 2028
Las Vegas: Ford Motor said on Wednesday it would bring Level 3 driver-assistance systems to market in 2028, allowing drivers to take their hands and eyes off the road while…
Ford scraps $6.5B EV battery supply deal with LG Energy Solution
South Korea's LG Energy Solution said on Wednesday that Ford Motor has terminated an electric vehicle (EV) battery-supply deal worth about 9.6 trillion won ($6.50 billion). The South Korean battery…
Ford recalls 32,160 vehicles in the US over loss of drive power crash risk
Ford Motor is recalling 32,160 vehicles in the United States, as loss of drive power increases the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said…
Ford takes $19.5bn hit, scraps EV models as demand cools under Trump-era policies
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from…
Ford and Hyundai reported marginal declines in U.S. sales in November
Ford Motor Co and Hyundai Motor on Tuesday reported marginal declines in U.S. auto sales in November, as sales of electric vehicles fizzled following the end of tax credits. Demand…