March 5 (Reuters) – Ford Motor Co: * FORD, IN LETTER DATED MARCH 2, SAYS EXPECTS TO TEMPORARILY LAYOFF ABOUT 2000 HOURLY EMPLOYEES ON OR ABOUT MAY 7 THROUGH OCT. 22 * FORD, IN LETTER DATED MARCH 2, SAYS EXPECTS TO TEMPORARILY LAYOFF EMPLOYEES AT MICHIGAN ASSEMBLY & STAMPING PLANTS Source text: (bit.ly/2CZBd6I) Further company… Continue reading BRIEF-Ford Says Expects To Temporarily Layoff About 2000 Hourly Employees
Tag: Ford
Diesel slide continues as UK car sales fall for 11th month running
Automotive industry Number of new cars registered in February falls by 2.8% despite rises in petrol and electric sales The number of new cars registered in February dropped by 2.8% from a year ago. Photograph: Gareth Fuller/PA Slumping demand for diesel vehicles dragged down new car sales in February, marking the 11th consecutive month of… Continue reading Diesel slide continues as UK car sales fall for 11th month running
The death of diesel: can struggling industry woo back consumers?
Automotive industry Amid fears about pollution, penalties and bans, buyers are abandoning diesel cars in droves Experts predict diesel’s UK market share will drop from one in two cars sold to one in seven by 2025. Photograph: Martin Meissner/AP No customers were troubling the Jaguar showroom in Welwyn Garden City on Friday, at the start… Continue reading The death of diesel: can struggling industry woo back consumers?
Geely drives in for M&A loan
* Loans: Chinese carmaker borrows €3.1bn for stake in Volvo trucks By Yan Jiang HONG KONG, March 3 (IFR) – Zhejiang Geely Holding Group , China’s largest privately owned carmaker, is raising €3.05bn (US$3.8bn) to fund its acquisition of an 8.2% stake in Swedish truckmaker AB Volvo, in one of the country’s biggest outbound investments… Continue reading Geely drives in for M&A loan
Ford plans temporary layoffs for Ranger, Bronco retool
Buy Photo After an eight-year absence, Ford’s Ranger pickup — shown here at the North American International Auto Show at Cobo Center in Detroit on Jan. 14, 2018 — is heading back to U.S. showrooms, hoping to pick up on the midsize truck revival. Set to be built at the Wayne, Michigan assembly plant, the… Continue reading Ford plans temporary layoffs for Ranger, Bronco retool
Ford Motor Co warns Trump metal tariffs may hike commodity prices
WASHINGTON, March 2 (Reuters) – Ford Motor Co said on Friday that U.S. President Donald Trump’s announced steel and aluminum tariffs could boost domestic commodity prices and harm the“competitiveness of American manufacturers.” In a statement, Ford noted the tariffs’ impact even though the automaker buys“the vast majority of its steel and aluminum for U.S. production… Continue reading Ford Motor Co warns Trump metal tariffs may hike commodity prices
Toyota starts a new $2.8 billion company to develop self-driving software
Toyota is expanding its pursuit of self-driving cars by starting a new company called Toyota Research Institute-Advanced Development, or TRI-AD. The Japanese automaker is starting the company in conjunction with automotive supplier Aisin Seiki and Denso, and together, they plan to invest $2.8 billion into TRI-AD in the coming years and hire around 1,000 employees… Continue reading Toyota starts a new $2.8 billion company to develop self-driving software
Ford Motor Company Issues Safety Compliance Recall for Select 2017-18 Ford Taurus Vehicles for Potential of Ignition Key Removal When Vehicle Is Not in Park
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Motor Company Issues Safety Compliance Recall for Select 2017-18 Ford Taurus Vehicles for Potential of Ignition Key Removal When Vehicle Is Not in Park
The Italian car market falls 1.4% in February, but rises almost 1% in the two months
Posted 02/03/2018 11: 30: 38CET ROME, 2 Mar. (EUROPA PRESS) – Automobile registrations in the Italian market experienced a decline of 1.42% during the month of February, with a volume of 181,734 units, according to data from the National Archive of Vehicles of Italy collected by Europa Press. The best-selling brand in Italy in February… Continue reading The Italian car market falls 1.4% in February, but rises almost 1% in the two months
Volvo Cars global sales up 17.2 per cent in the first two months of 2018 as first XC40s reach customers
Volvo Cars global sales up 17.2 per cent in the first two months of 2018 as first XC40s reach customers Volvo Cars’ good start to 2018 continued in February after the premium car maker reported a global year-on-year sales increase of 12.1 per cent for the month, with deliveries of the new XC40 small… Continue reading Volvo Cars global sales up 17.2 per cent in the first two months of 2018 as first XC40s reach customers