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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.”...
...Ford’s Sander also told the conference that the speed of shifting to electric vehicles in Europe was “down to the consumer” and that the company was prepared to continue selling hybrid models into the next...
...Tapping the resurgent demand for hybrids was a priority, executives from General Motors, Nissan, Hyundai, Volkswagen and Ford told the Financial Times’ Future of the Car Summit this week....
...Martin Sander, Ford’s head of electric vehicles in Europe, told a Financial Times summit on Tuesday that weak battery car sales mean the company’s only option to avoid crippling fines under the UK’s new...
...Both Ford Blue and Ford Pro, which sell all or mostly vehicles with traditional engines, reported operating profits. But the company’s EV business reported a $1.3bn loss before interest and taxes....
...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...
...Tavares, whose company owns the Jeep and Ram brands that compete directly with Ford and GM, said that slowing EV demand globally was due to high prices, but warned companies against cutting them on vehicles...
...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...
...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....
...As the Wall Street Journal’s Amazon correspondent (a post whose very existence speaks volumes), Mattioli’s reporting came to focus on allegations of the company’s anti-competitive behaviour, and it is the...
...The company reported revenue increased 7.6 per cent to $43bn in the first quarter, beating analyst expectations for $42bn. Adjusted operating earnings rose 2 per cent to $3.9bn....
...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....
...Ford sales rose nearly 11 per cent in February compared with a year earlier, driven by sales of sport utility vehicles and hybrids. The company sold about 174,000 cars, trucks and SUVs last month....
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...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 announced a supplemental dividend of 18 cents a share for the first quarter, on top of a regular dividend of 15 cents....
...The company said Tuesday it expected pre-tax earnings between $10bn and $12bn in 2024, above analysts’ expectations for $9.5bn....
...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....
...Recently it has signed contracts with several rivals, including Ford, General Motors and Rivian, to use its NACS charging standard....
...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....
...The energy drinks company, which owns the F1 team, said on Wednesday that the grievance had been “dismissed” after completion of the investigation undertaken by a KC....
...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....
...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....
...The move follows that of crosstown rival General Motors, which yanked its forecast on Tuesday, as the strike approached six weeks....
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