Latest Ford Motor Co News

Ford CEO Jim Hackett wants balance, stability on tariffs

Apr. 9, 2019 3:31 PM EDT

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. The chief executive of the country's No. 2 automaker said Tuesday that businesses want equilibrium on tariffs. He...

Car-sharing offers ways to profit from or ditch personal car

Apr. 3, 2019 10:01 AM EDT

NEW YORK (AP) — While a growing number of Americans are struggling to make payments on their auto loans, a new crop of companies is offering alternative ways for car owners to get rid of costly vehicles or earn money while their cars would normally sit idle. Companies such as Turo and Getaround provide a...

The Latest: EU Brexit official welcomes May's move

Apr. 2, 2019 9:21 PM EDT

BRUSSELS (AP) — The Latest on Brexit (all times local): 10:10 p.m. The European Parliament's chief Brexit official has welcomed British Prime Minister Theresa May's move to hold talks with the opposition Labour Party as "better late than never." Guy Verhofstadt welcomed May's move and said it was "good"...

High prices, interest rates push 1Q US auto sales down 2%

Apr. 2, 2019 5:39 PM EDT

DETROIT (AP) — Automobile sales in the U.S. fell 2% in the first quarter, another sign the nation's economy is starting to slow. Automakers sold just over 4 million vehicles from January through March, according to Ward's Automotive Intelligence, and industry analysts blame the decline on rising vehicle...

Ford would reconsider UK investments if no deal on Brexit

Apr. 2, 2019 12:06 PM EDT

HALFWEG, Netherlands (AP) — Ford warned Tuesday that it will reconsider its investments in Britain if the country cannot work out a deal to leave the European Union that guarantees smooth trading with the bloc. At a glitzy unveiling of new cars with electric and hybrid engines, Ford of Europe Chairman...

Ford hopes revamped Escape can recapture lost SUV buyers

Apr. 2, 2019 10:53 AM EDT

DETROIT (AP) — In the auto industry, it's pretty well known that if you don't revamp your vehicles every few years, buyers will flee to companies with newer models. Ford learned that lesson again with its Escape compact SUV, which just six years ago was the second-biggest player in the fastest-growing part...

Ford CFO Shanks retires; former Snap CFO Stone to take over

Mar. 21, 2019 10:24 AM EDT

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 Tim Stone will succeed Shanks as chief financial officer. Stone will come to Ford in April and takes over as CFO on June 1....

Ford repackages investment, boosts new jobs from 850 to 900

Mar. 20, 2019 1:40 PM EDT

DETROIT (AP) — Ford Motor Co. is repackaging a previously announced $900 million manufacturing investment in the Detroit area, boosting the number of jobs added from 850 to 900. Most of the new workers will build a new generation of electric vehicle at Ford's existing factory in Flat Rock, Michigan, south...

Ford shifting 550 jobs to boost SUV production in Kentucky

Mar. 19, 2019 12:54 PM EDT

Ford Motor Co. said Tuesday it will shift 550 jobs to its Kentucky Truck Plant to boost production of its Expedition and Lincoln Navigator vehicles to meet growing demand for its large SUVs. Growing sales for the Expedition and Navigator are driving a 20 percent production boost at the plant in Louisville, the...

Guthrie dropped from nominees for contributions to NASCAR

Mar. 14, 2019 2:43 PM EDT

CHARLOTTE, N.C. (AP) — Janet Guthrie, the first woman to qualify and compete in both the Daytona 500 and the Indianapolis 500, was dropped from the latest list of nominees for NASCAR's Landmark Award that honors contribution to the sport. With Guthrie off the list of five nominees, Anne B. France and Norma...