Tag: Ford

Ford says Justice Department opened a criminal probe tied to its emissions certification process

Aly Song | Reuters
People walk by a Ford Escape SUV displayed during the media day for the Shanghai auto show in Shanghai, China, April 16, 2019.

The Justice Department has launched a criminal investigation in a matter relating to Ford Motor's U.S. emissions certification process.

Ford disclosed in an SEC filing Friday that the company has also notified a number of other state and federal agencies and are cooperating fully with all government investigations. The matter stems back to issues related to road load estimations, including analytical modeling and coastdown testing. It does not involve the use of defeat devices to cheat on emissions tests.

The company also said in the filing that it cannot predict the outcome of the investigation and “cannot provide assurance that it will not have a material adverse effect on us.”

The automaker's stock is up 6% in premarket trading after it reporting quarterly earnings that topped expectations.

This is breaking news. Please check back for updates.

DoJ opens probe into Ford’s emissions certification process

FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States. The potential concern… Continue reading DoJ opens probe into Ford’s emissions certification process

Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis

LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) and Motiv Power Systems today announced a collaboration to integrate Dana’s Spicer® Electrified™ eS9000r e-Axle on the Ford F-550 chassis for use in commercial fleet applications.  By replacing the traditional mechanical driveline with an electric motor integrated directly into the vehicle’s differential housing, the e-Axle… Continue reading Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis

Ford claims it will have 100 self-driving cars on the road by the end of the year

Richard Levine | Getty Images
A Ford advertising billboard in New York City in January 2016

Ford aims to have 100 self-driving vehicles on the road by the end of the year, its president of mobility said on Thursday.

After reporting a top- and bottom-line earnings beat, Ford's Marcy Klevorn said on the company earnings call that the automaker's autonomous vehicle efforts are going well in Miami and Washington, D.C.

Klevorn said Ford makes an effort to test its autonomous vehicles in cities with a “really difficult setting to prove capability.” Compared to some of its competitors, like Tesla and GM, Ford said it prefers testing in places with seasonal weather changes and intense urban challenges.

Klevorn said Ford is focusing more on “complex miles” than point-A-to-point-B miles in an area where everyone is retired and the roads don't change a lot. The company will begin testing in a third city later this year.

The company announced in March that it would build a new factory in Michigan to expedite its autonomous vehicle efforts. Rival self-driving car companies, like Tesla and Waymo, are also expanding road tests.

UPDATE 4-Ford more confident of stronger 2019 despite ‘volatile environment’

DETROIT (Reuters) – Ford Motor Co on Thursday posted a better-than-expected first quarter largely due to strong pickup truck sales in its core U.S. market and said it was more confident in its forecast 2019 would bring better results than last year. FILE PHOTO: The Ford logo is seen at the North American International Auto… Continue reading UPDATE 4-Ford more confident of stronger 2019 despite ‘volatile environment’

Ford Motor Company Reports First Quarter 2019 Results

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 Ford Motor Company Reports First Quarter 2019 Results