DETROIT (AP) — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles.
COVID-19 reshapes and reduces back-to-school spending
NEW YORK (AP) — As the pandemic drags into the new school year, it is upending the back-to-school shopping season. That’s the...
DETROIT (AP) — Ford Chief Operating Officer Jim Farley to take CEO spot effective Oct. 1; Jim Hackett to retire.
DETROIT (AP) — Ford is shaking up its management after a poor fourth-quarter financial performance and the botched launch of the Explorer SUV.
DETROIT (AP) — Ford Motor Co.'s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses.
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...
DETROIT (AP) — Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian...
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.
Ford Motor Co. said its chief financial officer, Bob Shanks, will retire in December, capping a 42-year career at the automaker.
The Dearborn, Michigan-based company on Thursday said that...
FRANKFURT, Germany (AP) — Volkswagen and Ford are forming a global alliance to develop commercial vans and medium-sized pickups together while exploring broader cooperation on future battery-powered and autonomous vehicles and services.
Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett said Tuesday that the first jointly developed vehicles could hit the market as early as 2022 and that the linkup would offer efficiencies that would mean stronger profits starting in 2023.
DETROIT (AP) — The Latest on the Detroit auto show (all times local):
An Infiniti concept electric SUV that ruined a press conference because it wouldn't move from back stage is now on display at the Detroit auto show.
The Infiniti QX Inspiration concept missed its introduction Monday morning and remained covered by a black tarp until early afternoon. The sleek white concept vehicle was being photographed on the stage.
REDFORD TOWNSHIP, Mich. (AP) — Ford and Volkswagen are in talks about building VW vehicles in some of Ford's U.S. factories.
VW CEO Herbert Diess told reporters after a meeting at the White House that the automaker in talks with Ford. The meeting was held Tuesday with executives from VW, BMW and Daimler to discuss trade issues.
BEIJING (AP) — Ford Motor Co. has revamped its Asian operations and made its China business a stand-alone unit, recruiting the head of local automaker Chery Automobile to be its new CEO.
The company said Wednesday that industry veteran Chen Anning will replace Jason Luo, who quit earlier this year, just months after taking over at Ford in China.
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.S. imports are raising their costs and prices.
Jim Hackett, CEO of Ford, the second-largest U.S.-based automaker, said Wednesday that Trump's taxes on imported steel and aluminum will cost Ford $1 billion through 2019.
DETROIT (AP) — Ford Motor Co. said Wednesday it is in the midst of a major restructuring of the company that will cost $7 billion in cash and hit pretax earnings by $11 billion over the next three to five years.
But the company, which also reported a 48 percent second-quarter net profit decline, gave few details on what exactly will be cut or changed, bringing criticism and frustration from Wall Street analysts.
DETROIT (AP) — A nonprofit auto safety advocacy group is asking Ford to recall 1.35 million Explorer SUVs due to continued complaints of exhaust fumes in the passenger compartments.
The Center for Auto Safety says it found 44 complaints in a government database about fumes and potential carbon monoxide after owners had taken Explorers in for free repairs in a Ford customer service campaign that started last October.
The center made its request in a letter to Ford CEO Jim Hackett this week.
DEARBORN, Mich. (AP) — Ford Motor Co. said Wednesday it will shed most of its North American car lineup as part of broad plan to save money and make the company more competitive in a fast-changing marketplace.
The changes include getting rid of all cars in the region during the next four years except for the Mustang sports car and a compact Focus crossover vehicle, CEO Jim Hackett said as the company released first-quarter earnings.
DETROIT (AP) — Ford CEO Jim Hackett is apologizing for multiple instances of sexual harassment at an assembly plant in Chicago.
In a letter sent Thursday to employees, Hackett said Ford won't tolerate harassment or retaliation against workers who report it.
Hackett wrote, "We don't want you here, and we will move you out for engaging in behavior like this."
DETROIT (AP) — Ford Motor Co. is promising to roll out more than 50 new vehicles in China over the next eight years including 15 powered by electricity as it restructures its business and responds to a government push for cleaner air by making all new vehicles electric.
The automaker, currently a small player in the world's largest auto market, announced the ambitious plan on Tuesday in Shanghai.
DEARBORN, Mich. (AP) — Pickup trucks helped Ford Motor Co. to a strong finish in the third quarter despite lower global sales.
The Dearborn-based automaker's net income rose 63 percent to $1.6 billion in the July-September period. The earnings of 39 cents per share handily beat Wall Street's expectations. Analysts polled by FactSet forecast earnings of 33 cents per share.
Ford's revenue rose 1 percent to $36.45 billion. Automotive revenue of $33.6 billion also topped analysts' forecasts.
DETROIT (AP) — Ford Motor Co.'s new CEO plans to cut $14 billion in costs, drop some car models and focus the company's resources on trucks, SUVs and electric vehicles as part of a renewed effort to win over skeptical investors.
DETROIT (AP) — The new CEO of Ford Motor Co. says the company isn't taking its eyes off the present as it prepares for transportation in the future.
Jim Hackett, who replaced Mark Fields in May, says new mobility projects such as buying a shuttle company and the purchase of an artificial intelligence startup have not taken money from car and truck development.
DEARBORN, Mich. (AP) — Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks.
Net income rose 4 percent to $2 billion, thanks to a change in the company's tax rate and a strong performance from its credit arm.
Ford's new CEO Jim Hackett called it "a solid performance" but said the company still needs to get much more fit and nimble.
DETROIT (AP) — Ford's new CEO is shaking up the company's senior management.
The Dearborn, Michigan, automaker named a new head of global product development Thursday, as well as new heads of its operations in North America, Europe and Asia.
DETROIT (AP) — Ford Motor Co.'s new CEO got a $1 million bonus when he took on his new role this week.
CEO Jim Hackett will have a base salary of $1.8 million per year. That's the same base pay as outgoing CEO Mark Fields.
Hackett is eligible for a bonus that could triple his base salary each year. He also received performance-based stock units worth $5.2 million over three years and stock units worth $1.75 million if he stays at Ford until 2020.
DEARBORN, Michigan (AP) — Ford's new CEO, Jim Hackett, revealed a little about his plans — and a lot about himself — when he talked to media after his appointment.
Here are four of the comments the former head of Steelcase Inc. made at Ford's Dearborn headquarters Monday and the deeper meaning behind them.
DEARBORN, Michigan (AP) — The job of Ford's new CEO won't be easy: He will have to shore up the 114-year-old company's traditional auto business, but also invest in self-driving cars and other projects that could one day make that business obsolete.
Ford thinks Jim Hackett is up to the task. The 62-year-old former chief executive of office furniture maker Steelcase was named to the post Monday, just three days after former CEO Mark Fields told the company he wanted to retire.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Ford Motor Co., up 23 cents to $11.10
The automaker replaced CEO Mark Fields with Jim Hackett, the head of its mobility business.
Boeing Co., up $2.91 to $183.67
Defense and aerospace companies rose after President Donald Trump approved a large sale of military equipment to Saudi Arabia.
Huntsman Corp., down 56 cents to $26.15
The chemicals company agreed to combine with Clariant of Switzerland.
Ford named Jim Hackett its 10th CEO Monday. The 114-year-old company did not have an official CEO role until it went public in the 1950s. So Henry and Edsel Ford served as presidents of the company but never CEO.
A look at the men who preceded Hackett as the top executive of Ford Motor Co.