Latest Ford Motor Co News
GM charges up new unit to sell electric delivery vans, gear
DETROIT (AP) — The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s stock to a multiyear high. The first product for the new venture called BrightDrop will be an...
Ford announces closing of Brazil manufacturing operations
SAO PAULO (AP) — Ford Motor Co. said Monday it will close three plants in Brazil and stop producing automobiles in the South American country where it has been operating since 1919. The company said in a statement it will cease production immediately at the factories “as the COVID-19 pandemic...
Ford takes 2 of 3 North American vehicle of the year awards
DETROIT (AP) — Ford Motor Co.'s new electric Mustang Mach E is the North American Utility Vehicle of the Year, and the company's F-150 pickup won truck honors from a group of auto journalists. Hyundai's Elantra compact car took Car of the Year as all three awards were announced during a Monday webcast....
Late sales rebound helps US automakers avoid 2020 disaster
DETROIT (AP) — Sales of new vehicles in the U.S. fell 14.6% last year, but a second-half rebound from a coronavirus-related plunge in the spring kindled optimism for a recovery later this year. Automakers on Tuesday reported selling 14.57 million new vehicles for the year, a far cry from the five previous...
Genworth, Ford fall; Tesla, Magellan Health rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially Monday: Tesla Inc., up $24.10 to $729.77. The electric car maker's annual sales surged as it delivered nearly 500,000 vehicles during the year. Roku Inc., down $14.12 to $317.90. The maker of digital media players is considering buying...
Ford replaces Mark LaNeve as US sales and marketing chief
DETROIT (AP) — Ford Motor Co. is replacing its longtime U.S. sales and marketing chief. The company said Monday that Mark LaNeve is leaving the position to pursue the next chapter of his professional life. He'll be replaced as vice president of sales in the U.S. and Canada by 25-year company veteran Andrew...
US plants hope to maintain production despite virus threat
OMAHA, Neb. (AP) — U.S. factories have been cranking out goods during much of the pandemic at rates that are remarkably close to normal. However, manufacturers are concerned they may not be able to keep pace until most of the country is vaccinated because the coronavirus continues to surge in areas where...
Edmunds: Black Friday car deals may not be as bountiful
Once a novel concept in dealership marketing, Black Friday car deals have become as common as the TV deals at your local big-box store. While the savings on new cars aren’t that dramatic — no 70% off fire sales here — they do generally make mid- to late November a good time to buy a car. ...
GM flips to California's side in pollution fight with Trump
DETROIT (AP) — General Motors is switching sides in the legal fight against California's right to set its own clean-air standards, abandoning the Trump administration as the president's term nears its close. CEO Mary Barra said in a letter Monday to environmental groups that GM will no longer support the...
Mazda No. 1 in Consumer Reports 2020 auto reliability survey
DETROIT (AP) — Mazda beat traditional winners Lexus and Toyota to win top honors as the most dependable auto brand in Consumer Reports' annual reliability survey. Ford and its Lincoln luxury brand fell in the survey with Lincoln finishing last among 26 brands after introducing new SUVs. Electric car maker...
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