Tag: Ford

William Clay Ford Jr.

As Executive Chairman of Ford Motor Company, William Clay Ford Jr. is leading the company that put the world on wheels into the 21st century. He joined the Board of Directors in 1988 and has been its chairman since January 1999. Through the years, his vision for the company has remained unchanged. “I believe the… Continue reading William Clay Ford Jr.

City simulator wins VC backing as investors seek driverless car exposure

LONDON (Reuters) – Venture capital investors backed Immense Simulations, a British software company which creates interactive replicas of cities, on Tuesday in the latest sign of money pouring into firms that stand to gain from driverless vehicles becoming more mainstream. Immense Simulations raised $4.6 million in its Series A funding round co-led by British venture capital firm… Continue reading City simulator wins VC backing as investors seek driverless car exposure

Ford recalls 270,000 Fusion cars to fix glitch that can cause vehicles to shift gears and roll away

Ford Motor Co. Fusion vehicles move down the production line at the Flat Rock Assembly Plant in Flat Rock, Michigan.Jeff Kowalsky | Bloomberg | Getty ImagesFord Motor said Wednesday that it is recalling more than 270,000 Fusion vehicles in North America to fix a transmission glitch that can cause the car to shift gears and roll away.
The recall is for 2013-16 Fusion vehicles with 2.5-liter engines that were built at the automaker's Flat Rock, Michigan, and Hermosillo, Mexico, assembly plants.
The company said the bushing that attaches the shifter cable to the vehicle's transmission may detach, which can result in “unintended vehicle movement.” Ford said it is aware of three reports of property damage due to the issue and one injury “potentially” related to the problem.
VIDEO2:2802:28Ford on the road to nowhereTrading NationAbout 260,000 of the cars were recalled in the United States. More than 10,000 and 3,000 vehicles were also recalled in Canada and Mexico, respectively.
Ford also recalled about 3,000 2019 Ranger pickup trucks in the United States and Canada that were built at the company's Wayne, Michigan, assembly plant. The automaker cited another transmission issue for the Ranger recalls, saying that the transmission shift cable bracket in affected vehicles may not have been torqued correctly and can eventually come lose.
This can cause the vehicle to shift into a different gear than the one selected by the driver, which can lead to the pickup truck rolling away and “increasing the risk of crash or injury.”
The company said it has not received any incident reports regarding the faulty Ranger vehicles.
Read Ford's full statement here.
WATCH: Ford has a new robot to deliver parts to factory workers
VIDEO1:0301:03Ford has a new robot to deliver parts to factory workersThe Bottom Line

Honda, GM blockchain project to examine how EV owners could earn revenue from smart grids

Honda and GM have joined forces in a new research project that aims to examine how electric cars and smart grids can work together in the future, with EV owners possibly leveraging their car batteries into new streams of revenue. The project hopes to determine if electric vehicles can be used to stabilize the power… Continue reading Honda, GM blockchain project to examine how EV owners could earn revenue from smart grids

Over 250 Ford employees in Naberezhnye Chelny let go – administration

KAZAN, May 20. / TASS /. More than 250 employees at the Ford Sollers enterprise in Naberezhnye Chelny, Tatarstan were dismissed by the agreement of the parties, said the director of the Naberezhnye Chelny Employment Center Tatiana Bydanova at the mayor's office meeting on Monday.
“So far, the first stage of the Ford Sollers has taken place, 266 people were dismissed by agreement of the parties. Employees did not apply to the employment center, only three women asked for advice, the rest were employed independently,” she said. As the Mayor of Naberezhnye Chelny, Nail Magdeev, noted, that the city administration had predicted that a large number of enterprises that opened within the framework of the priority development area “would be snap up Ford Sollers employees like hotcakes”.
In April, the mayor ordered to find jobs for 802 Ford Sollers employees in Naberezhnye Chelny, which represents 94% of the total number of dismissed employees. In total, 851 people and 14 employees of the ..

Ford Cuts 10% Of White-Collar Workforce – Forbes

Ford CEO Jim Hackett cleared up reports for months that the company would have a major white-collar job reduction. Ford Ford Motor Co., as expected, is trimming its sails in the hopes of jump-starting its profitability and share price, announcing a cut of 7,000 white-collar jobs worldwide, including about 2,300 in the U.S. CEO Jim… Continue reading Ford Cuts 10% Of White-Collar Workforce – Forbes

Ford to cut 7,000 jobs including more than 500 in UK

Ford US carmaker announces plans to reduce global workforce by 10% by the end of August A Ford Mustang at the London Motor Show last week. Photograph: Velar Grant/Zuma Wire/Rex/Shutterstock Ford is to cut at least 7,000 jobs, including about 550 in the UK, as it presses ahead with plans to reduce costs in Europe… Continue reading Ford to cut 7,000 jobs including more than 500 in UK

Ford will slash 7,000 salaried jobs by August

Ford Motor is laying off 7,000 salaried employees as part of CEO Jim Hackett’s restructuring plan to reduce bureaucracy, cut costs and turn the automaker into a more agile company prepared for a future that extends beyond its traditional business of producing and selling cars and trucks. The cuts represent about 10 percent of the… Continue reading Ford will slash 7,000 salaried jobs by August

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. FILE PHOTO: FILE PHOTO – The Ford logo… Continue reading Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring