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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”....
...The investigation has drawn scrutiny from rival teams and from US automaker Ford, which is planning to re-enter F1 in 2026 through a partnership with Red Bull....
...GMO, TIC and Toyota Motor all declined to comment....
...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...
...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....
...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....
...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’s forecast comes a day after rival General Motors reinstated its guidance and warned of similar cost pressures, but cheered investors with plans for a $10bn share buyback....
...[but] it’s going to take more time than we expected 18 months ago,” Ford chief executive Jim Farley told investors this month....
...The lost earnings at the vehicle maker eclipse the damage at Detroit rival General Motors, which said on Tuesday the strike had cost it $800mn in earnings before interest and taxes....
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...General Motors has reached a tentative deal with the United Auto Workers union to end a six-week strike that also hit Ford and Stellantis, in what was the first co-ordinated walkout by workers at the three...
...The GM deal is the first to be ratified by union members, with members at Ford and Stellantis still voting on their separate contracts....
...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....
...Tesla, Ford and General Motors have all delayed expanding their EV production capacity because of slower consumer adoption in the US including pushing back electrified versions of pick-up trucks, which would...
...The move follows that of crosstown rival General Motors, which yanked its forecast on Tuesday, as the strike approached six weeks....
...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....
...The union went on strike against Ford, General Motors and Stellantis last month. This increases the number of strikers to nearly 34,000....
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
...Nikola reiterated its support for its current board including Steve Girsky, its current CEO, a former General Motors executive who as an investor had helped Nikola list its shares....
...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 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....
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