MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) (FCHA.MI) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. FILE PHOTO: Sergio Marchionne, CEO, Fiat Chrysler Automobiles, speaks with journalists at the North American International Auto Show in Detroit, Michigan, U.S., January… Continue reading UPDATE 2-Fiat Chrysler cuts debt by more than expected
Tag: Ford
Ford Mondeo’s future in doubt as Fusion is axed in US
The long-term future of the Ford Mondeo looks increasingly uncertain after the automotive giant announced plans to drop the popular model’s sister vehicle – the Fusion – in the United States, and focus on pick-ups and SUVs in that region instead. The current Mondeo was introduced in 2014 in Europe – and it has survived declining sales… Continue reading Ford Mondeo’s future in doubt as Fusion is axed in US
Ford Australia fined $10m for mishandling faulty vehicle complaints
Automotive industry Carmaker also ordered to establish a compensation scheme after it mistreated customers whose vehicles had faulty transmissions • Sign up to receive the top stories in Australia every day at noon Ford Fiestas were among the models that customers complained about. Customers reported their vehicles shuddered, jerked or lost power. Ford has admitted… Continue reading Ford Australia fined $10m for mishandling faulty vehicle complaints
Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang
In an unprecedented move that may reshape the entire auto industry, Ford will stop building all sedans and hatchbacks and shift production to crossovers and trucks. It is, by far, the company’s most dramatic production change in its 115-year history since Henry Ford adopted the assembly line. In its first-quarter statement on Wednesday, the company… Continue reading Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang
UPDATE 3-Ford accelerates cost-cutting plan, will drop most U.S. sedans
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers. FILE PHOTO: A Ford worker inspects paint work on the body of a… Continue reading UPDATE 3-Ford accelerates cost-cutting plan, will drop most U.S. sedans
Volvo’s Polestar 1 luxury hybrid will cost $155,000
Polestar At the Geneva Motor Show last month, Volvo flaunted its long-range plug-in hybrid Polestar 1, which can pull with 600 horsepower thanks to its two electric motors and a 2.0 liter turbo engine. The final price on such a beast has just been revealed at Auto China 2018 in Beijing: $155,000 in the US,… Continue reading Volvo’s Polestar 1 luxury hybrid will cost $155,000
Ford Delivers First Quarter $1.7B Net Income, $2.2B Adj. EBIT; Fitness Actions Improve 2020 Outlook
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 solutions.… Continue reading Ford Delivers First Quarter $1.7B Net Income, $2.2B Adj. EBIT; Fitness Actions Improve 2020 Outlook
Press Releases – Urban vehicle access regulations require EU stakeholder dialogue
Brussels, 25 April 2018 – Representatives of European cities and automobile manufacturers call on the European Commission to continue to support the ongoing dialogue between all players involved in urban vehicle access regulations (UVARs). Dialogue is necessary to assess the impact of UVARs on mobility, and to achieve a more coordinated approach across the EU.… Continue reading Press Releases – Urban vehicle access regulations require EU stakeholder dialogue
BRIEF-Ford Exec Says Expects Nearly All Future Growth In China Will Come From Locally Produced Models
April 25 (Reuters) – Ford Motor Co: * BEIJING-FORD ASIA PACIFIC PRESIDENT FLEET SAYS EXPECTS NEARLY ALL FUTURE GROWTH IN CHINA WILL COME FROM LOCALLY PRODUCED MODELS Further company coverage: (Reporting By Beijing Monitoring Desk) Our Standards:The Thomson Reuters Trust Principles. Go to Source
AUTOSHOW-Ford hopes China easing will speed up Zotye venture approval
BEIJING (Reuters) – Ford Motor Co’s (F.N) Asia head said on Wednesday he hoped recent Chinese moves to relax ownership rules in the country’s auto market would speed up regulatory approval for its electric vehicle joint venture with local firm Zotye Automobile Co Ltd (000980.SZ). FILE PHOTO – The wheel of a 2018 Ford Focus… Continue reading AUTOSHOW-Ford hopes China easing will speed up Zotye venture approval