Tag: Financial Results

UPDATE 1-Ford chairman says ‘fairly large’ changes in store for automaker

* Still ‘big things to do’ – Ford chairman * Restructuring could affect regional operations * Savings may fund technology, restructuring, shareholder returns (Adds context on Ford’s reliance on truck sales, closing share price) By Joseph White DETROIT, May 9 (Reuters) – Ford Motor Co shareholders should expect “fairly large” changes in the coming year,… Continue reading UPDATE 1-Ford chairman says ‘fairly large’ changes in store for automaker

Ford Takes Steps to Ensure Supply Continuity and Availability of Products for Customers Despite Fire at Parts Supplier

Ford Motor Company said it is working to mitigate U.S. production losses after a May 2 fire at a parts supplier Parts shortages resulting from the fire at Meridian Magnesium Products of America’s plant supply issue is currently impacting F-150 production at Ford’s Kansas City Assembly and Dearborn Truck plants. Other plants and products have… Continue reading Ford Takes Steps to Ensure Supply Continuity and Availability of Products for Customers Despite Fire at Parts Supplier

Ford chairman says ‘fairly large’ changes in store for automaker

DETROIT (Reuters) – Ford Motor Co (F.N) shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment. FILE PHOTO: Bill Ford, executive chairman of the Ford Motor Company speaks at the Ford… Continue reading Ford chairman says ‘fairly large’ changes in store for automaker

UPDATE 4-Ford scrambles to restart truck production after fire at supplier

DETROIT (Reuters) – Ford Motor Co (F.N) is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The Ford logo is seen… Continue reading UPDATE 4-Ford scrambles to restart truck production after fire at supplier

ElringKlinger to supply battery systems for Sono Motors’ solar car

Some of the city of Pittsburgh’s fleet of electrical vehicles are parked under solar charging panels before a news conference announcing the facility debut, Wednesday, April 18, 2018, in Pittsburgh. The press release from the city says that they currently have four electric vehicles and later this year they will receive six more cars that… Continue reading ElringKlinger to supply battery systems for Sono Motors’ solar car

Mitsubishi Motors sees annual profit rising on Asia sales

Its operating profit was 98.2 billion yen in the year just ended, meeting market forecasts and surging roughly 20-fold from the previous year. TOKYO: Mitsubishi Motors Corp on Wednesday forecast a 12 percent rise in operating profit for the current financial year, as it expects increasing vehicle sales in Asia to help boost its bottom… Continue reading Mitsubishi Motors sees annual profit rising on Asia sales

Toyota flags lower annual operating profit on higher yen

TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Wednesday forecast a 4.2 percent slide in operating profit for the current financial year, as it expects a stronger yen to offset slightly higher global vehicle sales and cost reductions. The Toyota company logo is pictured at the India Auto Show 2018 in Greater Noida, India, February… Continue reading Toyota flags lower annual operating profit on higher yen

UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years

SEOUL (Reuters) – South Korea’s finance minister said on Wednesday the country will limit General Motors’ (GM.N) right to sell shares and assets in its South Korean unit so that the U.S. automaker is kept from leaving the nation for at least 10 years. FILE PHOTO: The logo of GM Korea is seen at its… Continue reading UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years