Latest Ford Motor Co News

Michigan Legislature $1B spending approval met with pushback

Sep. 29, 2022 15:39 PM EDT

LANSING, Mich. (AP) — The Michigan Legislature this week added $1 billion in new spending to an already record-breaking $76 billion budget, a boost intended to attract large economic projects and meeting immediate pushback from several key Republicans. A majority of the $1 billion...

Ford to invest $700M, add 500 jobs at Louisville truck plant

Sep. 27, 2022 15:13 PM EDT

LOUISVILLE, Ky. (AP) — Ford will invest $700 million mainly at its Kentucky Truck Plant in Louisville, creating about 500 new jobs over the next four years. The company made the announcement Tuesday after a state board approved incentives for Ford's investment in the state. ...

Building construction starts at Ford site in Tennessee

Sep. 23, 2022 12:22 PM EDT

MEMPHIS, Tenn. (AP) — Building construction has begun at the future site of a factory where Ford and a South Korean company have joined forces to build electric trucks and batteries in rural west Tennessee, officials said Friday. Ford Motor Co. said it has broken ground on the...

Ford shuffles management, seeks new global supply chain head

Sep. 22, 2022 13:56 PM EDT

DETROIT (AP) — Ford is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages. The Dearborn, Michigan, automaker gave some executives...

Ford, Olin fall; Apogee, Oxford Industries rise

Sep. 20, 2022 16:26 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Ford Motor Co., down $1.84 to $13.09. The auto company warned that a parts shortage is hurting its third-quarter earnings. Change Healthcare Inc. up $1.64 to $27.11. ...

Parts shortage forces Ford to cut its 3Q earnings forecast

Sep. 19, 2022 19:28 PM EDT

DEARBORN, Mich. (AP) — A parts shortage that has thousands of Ford's most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast. Ford said Monday that it expects to have 40,000 to 45,000 unfinished...

CSX railroad hires Ford executive to replace retiring CEO

Sep. 15, 2022 14:58 PM EDT

OMAHA, Neb. (AP) — CSX has hired an auto industry executive to lead the railroad after its current CEO retires. Jacksonville, Florida-based CSX Corp. said Thursday that Joe Hinrichs will take over from Jim Foote at the end of this month. Hinrichs previously served as president of...

Editorial Roundup: North Carolina

Sep. 07, 2022 14:26 PM EDT

Greensboro News and Record. September 1, 2022. Editorial: Toyota recharges the Triad economy Frankly, it still isn’t much to look at. Most of what you’ll see at the site today are construction crews and equipment and vast swaths of Carolina red...

Nissan eager to leverage US tax credit on electric vehicles

Sep. 01, 2022 22:44 PM EDT

TOKYO (AP) — Nissan will more aggressively push electric vehicles to take advantage of a new U.S. law that gives up to $7,500 in tax credits, the Japanese automaker said Friday. President Joe Biden signed the landmark climate change and health care bill into law last month. The tax...

Diana's car auctioned as 25th anniversary of her death nears

Aug. 28, 2022 09:45 AM EDT

LONDON (AP) — A car driven by Princess Diana in the 1980s sold for 650,000 pounds ($764,000) at auction Saturday, just days before the 25th anniversary of her death. Silverstone Auctions said there was “fierce bidding” for the black Ford Escort RS Turbo before the sale closed....