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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”....
...“I respected the integrity of the independent investigation and fully co-operated with it every step of the way,” he said....
...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....
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
...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 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....
...The alliance also includes smaller partner Mitsubishi Motors....
...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....
...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....
...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...
...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....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent 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....
...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...
...Pro wrestling is not a proper sport, but “scripted sports entertainment,” as Netflix co-chief executive Ted Sarandos noted on a video chat with investors on Tuesday....
...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...
...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....
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...GM reached a tentative deal with the United Auto Workers union in late October, as did competitors Ford and Stellantis....
..., General Motors and Stellantis....
...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...
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...It is the first time that the UAW has simultaneously targeted all three of the carmakers that dominate Detroit — Ford, General Motors and Stellantis — as the union seeks higher pay for workers at a time...
...General Motors has agreed to include battery manufacturing plants in its overarching contract with the United Auto Workers, the union said, meeting a crucial demand for employees anxious over the industry...
...“This is not a lockout,” Ford said. “This lay-off is a consequence of the strike.”...
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