Statement on UAW-Ford Tentative Agreement

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… Continue reading Statement on UAW-Ford Tentative Agreement

UAW-Ford deal follows wage, health care pattern set by GM

The United Auto Workers’ tentative agreement with Ford Motor Co. closely follows the pattern set by General Motors Co. in wage increases, lump-sum bonuses, maintained health care benefits and pathways for temporary and in-progression employees to earn top wages. UAW local leaders on Friday voted to send the agreement to its 55,000-plus members for a ratification vote.… Continue reading UAW-Ford deal follows wage, health care pattern set by GM

New Ford Bronco will debut in spring 2020

Ford Motor Co. will debut its much-anticipated 2020 Bronco this spring, the automaker said Friday. The vehicle is expected to be available to buyers by the end of next year. [embedded content] The boxy new SUV has been teased for more than four years. The automaker at the 2017 Detroit Auto Show confirmed the vehicle would… Continue reading New Ford Bronco will debut in spring 2020

UAW union leaders recommend approval of Ford labor deal

FILE PHOTO: UAW President Gary Jones (L) shakes hands with Ford Motor Co Chairman Bill Ford at the start of contract talks between the union and the automaker in Detroit, Michigan, U.S., July 15, 2019. REUTERS/Nick Carey DETROIT (Reuters) – United Auto Workers leaders from Ford Motor Co’s (F.N) U.S. plants on Friday recommended approval… Continue reading UAW union leaders recommend approval of Ford labor deal

Auto dealer Lookers expects profit to slump; top executives leave

(Reuters) – British car dealership Lookers (LOOK.L) on Friday issued its second profit warning in less than four months and announced the departure of its two top executives. The company expects annual underlying profit to fall by more than two-thirds as the UK car market struggles with dwindling consumer confidence and margin pressures. Lookers said… Continue reading Auto dealer Lookers expects profit to slump; top executives leave

Ford plans to close engine plant in Michigan as part of UAW deal

FILE PHOTO: The Ford logo is seen at the Ford oldest Brazil plant in Sao Bernardo do Campo, Brazil September 3, 2019. REUTERS/Rahel Patrasso WASHINGTON (Reuters) – Ford Motor Co (F.N) plans to close an engine plant in Romeo, Michigan as part of a tentative agreement with the United Auto Workers union for a new… Continue reading Ford plans to close engine plant in Michigan as part of UAW deal

China’s auto market could shrink about 8% this year: industry official

BEIJING/SINGAPORE (Reuters) – Auto sales in China may skid to 26 million this year, a drop of around 8%, a senior industry executive warned, as the world’s largest auto market braces for a second year of contraction amid slowing economic growth and tighter vehicle emissions standards. FILE PHOTO: Cars for export wait to be loaded… Continue reading China’s auto market could shrink about 8% this year: industry official

Statement on UAW-Ford Negotiations

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… Continue reading Statement on UAW-Ford Negotiations

UPDATE 1-Ford reaches tentative labor deal with United Auto Workers union

FILE PHOTO: 2020 Ford Explorer cars are seen at Ford’s Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski DETROIT (Reuters) – Ford Motor and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like… Continue reading UPDATE 1-Ford reaches tentative labor deal with United Auto Workers union

Ford shutters oldest Brazil plant as revival bid faces doubts

FILE PHOTO: The Ford logo is seen at the Ford oldest Brazil plant in Sao Bernardo do Campo, Brazil September 3, 2019. REUTERS/Rahel Patrasso SAO PAULO (Reuters) – Ford Motor Co (F.N) on Wednesday said it was shutting down its oldest plant in Brazil later in the day as planned, with prospects for saving any… Continue reading Ford shutters oldest Brazil plant as revival bid faces doubts