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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.”...
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...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...
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
...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 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...
...“Then you as a company have to find a way to operate more efficiently.” Ford withdrew its full-year guidance on Thursday....
...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....
...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....
...The Michigan company told investors earlier this year it would earn an adjusted $11bn to $12bn before interest and taxes in 2023....
...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....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...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....
...Ford has released an electric Transit, while Mercedes-Benz has a battery version of its Vito van....
...The company later said the UAW’s proposal “would more than double Ford’s UAW-related labour costs”....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...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...
...The United Auto Workers union is expanding its weeklong strike to additional workplaces owned by General Motors and Stellantis, while sparing Ford, which it said had significantly improved its offer to workers...
...GM reached a tentative deal with the United Auto Workers union in late October, as did competitors Ford and Stellantis....
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