Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant More Auto-industry supplier BorgWarner (NYSE: BWA) said that it expects to resume limited production at a tornado-damaged South Carolina factory in early May. The factory makes critical parts for four-wheel-drive versions of pickup trucks and SUVs made by automakers including Ford (NYSE: F), Fiat… Continue reading Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant
Tag: Ford
Tesla warns on shutdown as Musk calls for end to lockdown
Demand for Tesla’s electric cars held up in the first three months of the year, despite upheavals caused by the coronavirus pandemic. Quarterly revenues jumped 30% from last year to $5.9bn (£4.7bn), allowing the firm to turn a small profit of $16m. It is the third quarterly profit in a row for the company, marking… Continue reading Tesla warns on shutdown as Musk calls for end to lockdown
@Ford: Restarting Ford: Company Hosts Media Briefing on How it Plans to Return to Work
Ford Motor Company’s Chief Operating Officer Jim Farley, Chief Human Resources Officer Kiersten Robinson, and Chief Manufacturing and Labor Affairs Officer Gary Johnson will host a news webcast at noon EDT Thursday. Go to Source
GM delays GMC Hummer EV unveiling set for May
Detroit — General Motors Co. has indefinitely delayed the public unveiling of its GMC Hummer EV. The unveiling, previously scheduled for May 20 in Las Vegas, was delayed because of the COVID-19 pandemic that has caused states to issue stay-at-home orders and enforce social-distancing protocols. GM also had to delay the premiere of its electric Cadillac Lyriq crossover… Continue reading GM delays GMC Hummer EV unveiling set for May
Auto Service Finance Raises Over £14M in Debt and Equity Funding
Auto Service Finance, a London, UK-based automotive payment provider, raised over £14m in debt and equity funding. The company secured £850k through equity given to private investors, taking its total investment to £4m since its launch, as well as a further £13.3m debt facility provided by London based Naviter Capital, which is also one of… Continue reading Auto Service Finance Raises Over £14M in Debt and Equity Funding
@Ford: Ford To Restart European Manufacturing Production With Enhanced Employee Protection Protocols In Place
Ford confirmed today that it intends to restart initial production at most of its main continental European vehicle and engine plants from May 4. Go to Source
Ford kills Rivian deal with Lincoln (for now) amid economic challenges during pandemic
CLOSE Ford and Rivian put their plans on ice to jointly develop a Lincoln-brand electric vehicle, a Lincoln spokeswoman confirmed on Tuesday. Ford said the current economy has created new and unexpected challenges, so this particular project is being postponed, said Angie Kozleski, Lincoln spokeswoman. The environment is changing rapidly. Just as any prudent business would do, we… Continue reading Ford kills Rivian deal with Lincoln (for now) amid economic challenges during pandemic
@Ford: Statement on Lincoln and Rivian Fully-Electric Vehicle Development
Given the current environment, Lincoln and Rivian have decided not to pursue the development of a fully electric vehicle based on Rivian’s skateboard platform. Go to Source
@Ford: Ford Motor Company Issues Equipment Recall for Incorrect Replacement Headlamps for Select 2013-16 Lincoln MKZ Vehicles
Ford Motor Company is issuing an equipment recall for certain replacement handlamps. Go to Source
@Ford: Ford Protecting People, Preserving Cash, Preparing for Recovery As Pandemic Stops Most Operations, Drives Down Q1 Results
Ford Motor Company (NYSE:F) today reported its 2020 first quarter financial results. Go to Source