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...On Friday, Ford’s head of global motorsport Mark Rushbrook said: “As a family company that holds itself to very high standards of behaviour and integrity, we expect the same from our partners.”...
...Only Vertu Motors and Caffyns remain listed on the London stock market. This article has been amended since publication to clarify that Pendragon, not Lithia, employed some 5,500 people in the UK...
...Both Ford Blue and Ford Pro, which sell all or mostly vehicles with traditional engines, reported operating profits. But the company’s EV business reported a $1.3bn loss before interest and taxes....
...General Motors raised its guidance range for the year after reporting strong first-quarter revenue thanks to stable pricing and demand despite high interest rates....
...Four firms — Invesco, Bain Capital, Canyon Capital and Eaton Vance — provided the new money....
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
...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...
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
...Groups such as Ford and Volkswagen collect healthy profits from their captive finance divisions....
...The company made 80,000 fewer cars and trucks than it otherwise would have churned out during the days workers were on strike, said Ford chief financial officer John Lawler....
...Ford sales rose nearly 11 per cent in February compared with a year earlier, driven by sales of sport utility vehicles and hybrids. The company sold about 174,000 cars, trucks and SUVs last month....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...The company said on Tuesday it expected pre-tax earnings between $10bn and $12bn in 2024, above analysts’ expectations for $9.5bn....
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...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 company said Tuesday it expected pre-tax earnings between $10bn and $12bn in 2024, above analysts’ expectations for $9.5bn....
...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, 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....
...However, it warned that many companies were “struggling to promptly provide the data we need” and said it would extend its review if it did not receive “comprehensive data promptly from a range of firms”...
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...Companies such as BMW and Ford enable cars to sync to smartphones, allowing drivers to play music or unlock their vehicle. Eventually, that could extend to autonomous driving controls too....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...Ford has released an electric Transit, while Mercedes-Benz has a battery version of its Vito van....
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