Tag: Ford

Ford sees weaker-than-expected fourth quarter, uncertainty in 2019

DETROIT (Reuters) – Ford Motor Co (F.N) forecast a weaker fourth quarter than analysts expected, and said on Wednesday it faced uncertainty in 2019 due to trade issues and Britain’s exit from the European Union, sending its shares down 2 percent in premarket trading. FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal… Continue reading Ford sees weaker-than-expected fourth quarter, uncertainty in 2019

UPDATE 1-Ford forecasts weaker-than-expected fourth quarter profit

FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday offered a fourth-quarter earnings forecast that was below Wall Street’s expectations. The No. 2 U.S. automaker said it could… Continue reading UPDATE 1-Ford forecasts weaker-than-expected fourth quarter profit

Ford forecasts higher 2019 profit

FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday forecast higher profit and revenue in 2019 as global industry sales remain flat. For 2018, the No. 2 U.S.… Continue reading Ford forecasts higher 2019 profit

What the cooperation of Volkswagen and Ford means: VW and Ford – the emergency alliance of the giants

Cooperation was and is not uncommon in the automotive industry. For decades she has been practicing different style flowers – usually with moderate success. At the beginning of the 1990s, there was only one panacea for the CEOs of large manufacturers: growth through takeover. So Daimler bought the American manufacturer Chrysler, BMW, the British carmaker… Continue reading What the cooperation of Volkswagen and Ford means: VW and Ford – the emergency alliance of the giants

Ford VW cooperation: Further details

The two manufacturers Volkswagen and Ford announced further details about their cooperation. Already last year became knownthat the car maker Volkswagen and ford Autonomous Driving and E-Mobility will work together and create a common cooperation block form. Some details have been worked out. Hackett & Diess – bosses of Ford and VW. Source: AN Yesterday,… Continue reading Ford VW cooperation: Further details

Ford and Volkswagen join forces on electric and driverless cars – E&T Magazine

Ford and Volkswagen join forces on electric and driverless cars  E&T Magazine Ford and Volkswagen to deepen ties  Financial Times Volkswagen and Ford’s Marriage Leaves Investors Feeling Jilted  Bloomberg Ford, VW form alliance to develop commercial vans, pickups globally for 2022  Detroit Free Press Why Ford and VW Are Partnering Up, but Won’t Be Merging Anytime Soon  Barron’s View full… Continue reading Ford and Volkswagen join forces on electric and driverless cars – E&T Magazine

Fiat Chrysler looking at options to plug hole in its truck lineup – CEO

FCA last year outlined plans to launch such a pickup – smaller than its current Ram 1500 model – by 2022. DETROIT: Fiat Chrysler Automobiles NV Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could sell in Latin America and other… Continue reading Fiat Chrysler looking at options to plug hole in its truck lineup – CEO

Ford and IBM among quartet in Congo cobalt blockchain project

LONDON (Reuters) – Carmaker Ford (F.N), technology giant IBM (IBM.N), South Korean cathode maker LG Chem (051910.KS) and China’s Huayou Cobalt (603799.SS) have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The logo is seen on the bonnet of a new Ford Aspire car during its launch… Continue reading Ford and IBM among quartet in Congo cobalt blockchain project

Ford looks to change minds with its first all-electric vehicle

Ford looks to change minds with its first all-electric vehicleDetroit — Ford Motor Co. is trailing plenty of competitors in the electric-vehicle market — and senior leaders at the Blue Oval said that might work in their favor when the company launches its first fully battery-powered vehicle next year.
“Our strategy is different,” Jim Farley, Ford president of global markets, said Tuesday at the Automotive News World Congress in Detroit. “In a way we had the advantage of watching what happened the first time around. What customers have told us is 'Just give us the good stuff.'
“We're going to change a lot of people's minds.”
Ford global product chief Hau Thai-Tang went so far Tuesday as to say in a presentation to Wolfe Research that Ford's electric-vehicle business won't be a drain on profitability. Automakers have historically had trouble making money on EVs.
The automaker plans to launch in 2020 a battery-electric vehicle with a 300-mile-plus range. The vehicle is “Mustang-inspired.” Farley has said several times that essentially means it'll be a utility vehicle that goes fast.
The comments come days after Ford rolled out four all-new vehicles during the Detroit auto show, including the company's first-ever hybrid Explorer SUV. Ford is currently in the middle of a sweeping global restructuring as the Dearborn automaker readies for a new chapter in the automotive industry. Farley is responsible for several pieces of the changes.
Under CEO Jim Hackett, Ford's senior leadership is pushing to trim $25 billion in operating costs and spend $11 billion to shake up failing businesses in Europe, China and South America, and better position the automaker's North American business for continued profitability through the next decade.
Officials announced last week plans to revive its unprofitable European business by cutting salaried and hourly workers, ending production at plants in France and Germany, eliminating less-profitable vehicles like the C-Max from the lineup there, and possibly exiting a Russian joint venture.
Ford then on Tuesday announced it had entered an agreement with Germany's Volkswagen AG to partner on commercial vans and midsize pickup trucks to be sold outside of North America.The partnership is aimed at boosting Ford's European business, in part.
Meantime, the automaker enters 2019 with a full hopper of new vehicle announcements and launches planned. Ford's midsize Ranger returned to showrooms this month. The all-new Aviator is on the way. The automaker also plans to launch its redesigned Explorer, all-new Escape and new Super Duty this year ahead of continued launches in 2020, which will include the long-awaited Bronco.
ithibodeau@detroitnews.com
Twitter: @Ian_Thibodeau
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