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Motor sports
Ford urges Red Bull to be open over probe into F1 racing team principal Christian Horner
...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.”...
February 16, 2024
Bain Capital
Bain Capital promotes top dealmaker to co-managing partner
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
March 27, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News updates from November 20: OpenAI staff threaten to quit unless directors resign, Argentine stocks rally over election of Milei
Auto union members ratify contracts at Ford, General Motors and Stellantis
...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...
November 20, 2023
Electric vehicles
Stellantis warns of EV ‘bloodbath’ as Ford cuts F-150 Lightning output
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
January 19, 2024
ExplainerUK banks
The banks exposed to a UK probe into motor finance
...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....
February 19, 2024
News in-depthAutomobiles
How VW and Toyota became the targets of an emboldened US union
...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...
April 4, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Ford Motor Co
Ford says UAW strike cut $1.3bn from operating earnings
...“Then you as a company have to find a way to operate more efficiently.” Ford withdrew its full-year guidance on Thursday....
October 26, 2023
News updates from November 17: OpenAI CEO Sam Altman pushed out after losing board’s confidence, Opec+ weighs further oil production cuts
Ford and Stellantis union workers vote to ratify contracts
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
November 17, 2023
The Week Ahead
Opening arguments begin in Trump trial
...Motor Company Q1, General Dynamics Q1, Hasbro Q1, Heathrow Q1, Heineken Q1 trading update, Hilton Worldwide Holdings Q1, IBM Q1, Interpublic Q1, Lloyds Banking Group Q1 interim management statement, Meta...
April 21, 2024
Automobiles
Auto workers expand strike against Ford and GM
...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....
September 29, 2023
F1
Red Bull Formula One boss Christian Horner cleared by barrister-led probe
...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....
February 28, 2024
Ford Motor Co
Ford chair warns extended strike will boost Tesla, Toyota and China
...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....
October 16, 2023
News updates from October 27: IDF expands Gaza ground operations, Fed’s preferred inflation gauge hits 2-year low
Ford withdraws full-year forecast as it awaits approval of UAW deal
...The Michigan company told investors earlier this year it would earn an adjusted $11bn to $12bn before interest and taxes in 2023....
October 26, 2023
Stellantis
Stellantis gives 56% pay rise to chief Carlos Tavares
...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....
February 23, 2024
News updates from October 26: US GDP rises 4.9%, Ford strikes deal with auto union
Ford withdraws full-year forecast as it awaits approval of UAW deal
...The Michigan company told investors earlier this year it would earn an adjusted $11bn to $12bn before interest and taxes in 2023....
October 26, 2023
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
News updates from October 12: US inflation hotter than expected in September, FCA bans Staley
Workers at Ford’s biggest plant launch 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....
October 11, 2023
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
February 21, 2024
Ford Motor Co
Ford reaches deal with union to end US strike and raise wages
...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....
October 26, 2023
News updates from October 10: Birkenstock prices IPO at $46 a share, Investors cut bets on US rate rises
General Motors reaches deal with Canadian union after strike
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
October 10, 2023
News updates from October 11: Fed minutes show ‘two-sided’ risks, ExxonMobil agrees to $60bn deal Pioneer deal
General Motors reaches deal with Canadian union after strike
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
October 10, 2023
UK manufacturing
Vauxhall owner Stellantis to make electric vans at Luton plant
...Ford has released an electric Transit, while Mercedes-Benz has a battery version of its Vito van....
February 22, 2024
Automobiles
US car workers launch strike against big three Detroit automakers
...The company later said the UAW’s proposal “would more than double Ford’s UAW-related labour costs”....
September 15, 2023
Apple Inc
Apple cancels secretive electric car project in shift to focus on AI
...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...
February 27, 2024
Automobiles
US auto strike expands to 38 GM and Stellantis facilities
...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...
September 22, 2023
Electric vehicles
‘The early adopters have adopted’: US carmakers slow their EV growth plans
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
October 28, 2023

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