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...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, 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....
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...The strike continues against the other two Detroit carmakers, General Motors and Stellantis....
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...The union wrested big pay rises and other benefits from Ford, General Motors and Stellantis earlier this month after a six-week strike against the companies....
...The United Auto Workers union and General Motors reached a tentative deal on Monday. It would end a six-week strike that also hit American car companies Ford and Stellantis....
...Given these specified plants, we estimate the daily cost of a strike for the companies in EBIT terms is about $16mm for General Motors, $20mm for Ford and $33mm for Stellantis....
...The union called Ford’s 16,600 workers on strike to return to work in advance of the vote by membership. But about 29,000 workers at Stellantis and General Motors remain on strike....
...Ford is a case in point. It will start building its high-profile F-150 Lightning, the electrified version of its best-selling pick-up truck, at the century-old Rouge complex in Michigan....
...Launched in 2019 and operating out of a former General Motors plant in north-eastern Ohio, Lordstown is the highest-profile casualty among the wave of electric vehicle manufacturers established over the...
...But in recent weeks companies behind several high-profile investments supported by the subsidies have scrapped or hit the brakes on their plans....
...That’s Ford, General Motors and Stellantis....
...Rivian also has just joined companies like Ford and General Motors in agreeing to tap into the Tesla network....
...Establishing fully driverless technology that is profitable and scalable would cost billions of dollars and take at least half a decade, John Lawler, chief financial officer at Ford, said as the company...
...United Auto Workers, the 391,000 member union that represents workers at General Motors, Stellantis and Ford, elected a new president in March who has also pledged to be tougher on employers....
...The factory is owned by Ultium Cells, a joint venture between General Motors and South Korean group LG Chem located near the US carmaker’s former Lordstown assembly plant....
...Competition is intensifying within China too, causing Ford to announce yesterday it would scale back its EV investments in the country....
...The carmaker’s share price is down more than 60 per cent in the year to date, underperforming rival car groups including Ford and General Motors....
...“[T]he bird is freed,” he wrote hours after the deal closed, having already changed his public profile to “Chief Twit”....
...Together they have more than 200,000 employees — more than Ford or General Motors alone. Michigan-based BorgWarner has a long history producing parts for petrol-powered vehicles....
...Ford, the second-largest US carmaker, said on Friday that it had stopped work at its Ohio assembly plant, while Toyota and General Motors announced production cuts....
...She’s from Detroit, Michigan, spent her whole life there, and she works for Ford Motors in finance management....
...One need only look through the archives of a company such as Pininfarina to see that these were artist-engineers who may have been competitive, but also knew style....
...Ford and General Motors have the brand recognition to sweep up EV customers if they mass-produce affordable vehicles. But that has yet to happen....
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