As competition rises, Ford Motor Corporation falls short as it loses 50% profit. However, it still beats some expectations as that of the Wall Street's.
Following a deal with UAW, the union members are enjoying jobs in Ford’s Wayne plant sacrificing small-car plant in Mexico. Applying the loophole in negotiation terms, Ford announces another $1.6 billion production plant in Mexico in addition to previously declared $2.5 billion plant. Ford’s tricky stance has irked the UAW and the union members have demonstrated protest against the automaker’s decision.
On Monday trade's Twitter, Ford, Westrock, McDonald's and Tyco are among the highly active stocks on trade. Twitter and Westrock dropped on the closing, while McDonalds' and Tyco gained.
Ford Motor Inc. declare supplemental cash dividend of $1 billion. In 2016, the company expect to earn as much as last year.
Ford will invest $1.3 billion in its Kentucky Truck Plant to support the production of its 2017 Ford F-Series Super Duty truck.
The labor market in Brazil, one of the BRICS (Brazil, Russia, India, China and South Africa) nations, is fast worsening owing to intensifying recession in the domestic economy. The unemployment rate rose to 7.6 percent from the record low of 4.3 percent at the end of 2014. Many industrial estates in Brazil are running down signaling next big crisis for the economy.
Sergio Marchionne, Chief Executive of Fiat Chrysler Automobiles (FCA), has decided to drop his participation in the Frankfurt auto show as FCA is leading the labor talks with United Auto Workers (UAW). Marchionne was scheduled to address the media at the auto show on Tuesday.
In a bid to penetrate the fifth largest auto market in the world, Ford Motor Co will be using the new engineering strategy it learned from India, which lets them develop compact model through low-cost production.
A 12-nation Pacific trade agreement cleared a crucial test in the U.S. Senate on Thursday, giving a resounding thumbs-up to legislation that holds the key to President Barack Obama's diplomatic pivot to Asia.
It sounded so promising. Anyone, anywhere would be able to strap on a headset in their living room and be able to experience events anywhere in the world - or outside of it - as if they were really there.
Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.
Toyota Motor Corp said on Wednesday it will build new factories in Mexico and China, ending a self-imposed expansion freeze and putting more pressure on global rivals.
Toyota Motor Corp's (7201.T) Lexus brand finished on top of the Consumer Reports annual "brand report card" for the third straight year, the influential U.S. magazine said on Tuesday.
Volvo Car Group plans to export a Chinese-made midsize sedan this year to the United States, and is starting to weigh the possibility of building a vehicle factory in the United States, people familiar with the Chinese-owned automaker’s plans said.
Automakers and Silicon Valley upstarts are kicking their efforts to define the car of the future into a higher gear, even though many of the players disagree about what that car should be.
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