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...When the announcement was made last February, chair Bill Ford said it was “the start of a thrilling new chapter in Ford’s motorsports story”....
...Of Ford’s $1.1bn profit in the final quarter of last year, roughly a quarter came from the Ford Credit arm. In 2021, the finance unit generated half of Ford’s entire annual profits....
...The UK’s top financial regulator has warned UK lenders that they should be prepared to cover the cost of a spike in complaints linked to a regulatory probe into the potential mis-selling of historic car...
...“Across the three companies, 64 per cent of voting members voted in favour of the agreements”, the UAW wrote on X on Monday, locking in the tentative agreements reached with each company....
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
..., General Motors and Stellantis....
...Ford lost $1.3bn in operating earnings due to the United Auto Workers’ strike of nearly six weeks, the company said on Thursday, a day after striking a deal with the union....
...By focusing on sleeker sedans and compact SUVs that consumers can afford, the South Korean group and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric...
...The FCA first said it was investigating interest-linked deals offered by motor finance companies in January....
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...Michigan-based company said....
...The United Auto Workers will expand its strike against Ford and General Motors, while sparing Stellantis from further action, citing progress with the company at the bargaining table....
...The Financial Conduct Authority on Wednesday clarified the timeline of an investigation it launched earlier this month into historic interest-linked deals offered by motor finance companies....
...Bill Ford spoke on Monday as members of the United Auto Workers union continued to strike at plants owned by his company, and by General Motors and Stellantis....
...Ford, which is planning to re-enter F1 in 2026 in partnership with Red Bull Racing, had called for the matter to be resolved quickly and in a “transparent” manner....
...Last year, the three biggest US carmakers — Ford, General Motors and Stellantis, which owns Chrysler — suffered strikes during wage negotiations with the United Auto Workers union....
...Ford reported net income of $1.2bn in the third quarter, up from a loss of $827mn for the same period last year. Shares of Ford dropped 3.08 per cent in after-hours trading in New York....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...The FCA began overseeing the motor finance sector in 2014....
...The union called for Ford’s 16,600 workers on strike to return to work in advance of the vote by membership. About 29,000 workers at Stellantis and General Motors will remain on strike....
...The company said the plant generates about $25bn in revenue a year. The union went on strike against Ford, General Motors and Stellantis last month....
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
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