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Jim Hackett

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Ford: Electric vehicles to be 40% of global sales by 2030

By TOM KRISHERMay 26, 2021 GMT

DETROIT (AP) — Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it's spending to develop them.

The automaker said in a presentation for investors Wednesday that it will add about $8 billion to its EV development spending from this year to 2025.

VW, Ford team up to make autonomous, electric vehicles

By CATHY BUSSEWITZ and TOM KRISHERJuly 12, 2019 GMT

NEW YORK (AP) — Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers who were once rivals deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape...

Ford CEO Jim Hackett wants balance, stability on tariffs

April 9, 2019 GMT

DETROIT (AP) — Ford CEO Jim Hackett says he's hoping that trade talks now marked by threats of tariffs against imported vehicles result in a framework that brings balance and stability.

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More US corporate giants warn tariffs will mean price hikes

By TOM KRISHER and JOSH BOAKSeptember 27, 2018 GMT

DETROIT (AP) — From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump's tariffs on U...

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