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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.”...
...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...
...The formal ratification will bring relief to the automotive groups after the six-week strike cost Ford and GM $400mn and $200mn a week, respectively, hitting their earnings....
...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....
...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....
...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....
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...“Korea lacks auto software engineers and Hyundai is weak in that field, so it is expanding co-operation with foreign tech companies....
...GM reached a tentative deal with the United Auto Workers union in late October, as did competitors Ford 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....
...Ford withdrew its full-year guidance on Thursday, a day after reaching a tentative deal with the United Auto Workers that raises wages 25 per cent....
...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....
...SK On, a subsidiary of Korean petrochemical company SK Innovation, has concentrated the bulk of its foreign investments in the US, where it has formed joint ventures with car manufacturers Ford and Hyundai...
...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....
...He skipped a traditional handshake ceremony with executives at the car companies, choosing instead to shake hands with members at several auto plants....
...General Motor’s workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
...General Motors workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
...Ford has released an electric Transit, while Mercedes-Benz has a battery version of its Vito van....
...Members of the United Auto Workers began picketing at midnight at three locations — a General Motors plant in Missouri, a Stellantis plant in Ohio and a Ford plant in Michigan — at the start of a strike...
...What was also happening in the interwar period was a trend towards industrial concentration, as companies such as GM and Ford squeezed out their smaller competitors....
...The decade-long effort to build a product that competes with the likes of Tesla and Rivian has never been officially confirmed by Apple, and a spokesman for the company declined to comment....
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