An ex-Marine and a 40-year company veteran, he turned a nearly bankrupt money loser into the world’s most profitable automaker.
Category: Ford Motor Co
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Here’s Who’s Attending Trump’s Dinner for the Saudi Crown Prince: Elon Musk, Cristiano Ronaldo and more.
The New York Times identified some of the guests invited to President Trump’s dinner for Crown Prince Mohammed bin Salman of Saudi Arabia.
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The Luxury Electric Vehicle Is in Trouble
Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
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Ford’s Profit Jumps on Strong Sales but Company Lowers its Outlook
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
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Trump Sets Tariffs on Trucks and Buses
Imported light and heavy trucks will be charged 25 percent and buses 10 percent as of Nov. 1, but President Trump also extended tariff exemptions for auto parts.
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Trump’s New Tariff on Trucks Could Burden an Already Struggling Industry
A 25 percent levy on heavy-duty trucks and parts is set to take effect next month. Companies have few details on the policy.
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Tesla’s Car Sales Rise 7% as U.S. E.V. Tax Credit Ends
The company benefited from a surge in U.S. demand for electric vehicles after Republicans in Congress voted to end a $7,500 incentive at the end of September. But other carmakers benefited more.
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Electric Vehicles Face a ‘Pretty Dreadful Year’ in the U.S.
The end of a federal tax credit is expected to push sales of battery-powered cars down but auto experts believe the market will eventually recover.
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Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.
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Used E.V. Sales Take Off as Prices Plummet
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
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Used E.V. Sales Take Off as Prices Plummet
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
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Union Leads in Vote at Ford Battery Plant
The U.A.W. had a narrow majority in a bid to represent workers at a factory owned by Ford and SK On. But the outcome could change because of contested ballots.