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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.”...
...In India, Tata Motors shares rose as much as 7.9 per cent in early trading after the group announced it would be split into two listed companies....
...Hyundai Motors share price rose after announcing its fourth quarter results on Thursday, despite missing operating profit estimates....
...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...
...US carmakers including Ford, General Motors and Tesla have all recently paused plans to expand EV manufacturing capacity....
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
...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....
...Chinese companies, offering tech from conveyor belts and motors to advanced manufacturing robots, are also expanding rapidly in their home country, which is the world’s largest market for the sector....
...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....
...Car companies including General Motors and Ford said on Tuesday that they would work to reroute shipments to nearby ports, while Nissan said it did not expect significant disruption....
...“Then you as a company have to find a way to operate more efficiently.” Ford withdrew its full-year guidance on Thursday....
...Corporate results: South Korean internet company Kakao and Japanese beverage giant Suntory announce earnings....
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...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....
...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 Michigan company told investors earlier this year it would earn an adjusted $11bn to $12bn before interest and taxes in 2023....
...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....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...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....
...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....
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
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