The 2018 Ford Expedition SUV goes through the assembly line at the Ford Kentucky Truck Plant October 27, 2017 in Louisville, Kentucky. (Photo: Bill Pugliano / Getty Images) Dearborn — Ford Motor Co. will give more than 54,000 United Auto Workers hourly employees profit-sharing checks of about $7,500 this year, the company said Wednesday. The… Continue reading Ford to award profit-sharing checks of $7,500
Tag: Financial Results
Ford Motor Company Reports Fourth Quarter and Full Year 2017 Results; Revenue Up, Net Income Higher, Adjusted Pre-Tax Profit Lower
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 Motor Company Reports Fourth Quarter and Full Year 2017 Results; Revenue Up, Net Income Higher, Adjusted Pre-Tax Profit Lower
The dealers of Renault won 700,000 euros on average in 2017, with a return of 1.7%
Posted 1/24/2018 12:16:12 PM The financial RCI granted loans in Spain for about 1,000 million euros in 2017 MADRID, 24 Jan. (EUROPA PRESS) – The network of dealerships of the French automobile consortium Renault in Spain closed last year with an average return on turnover of between 1.65% and 1.7%, as announced by the general… Continue reading The dealers of Renault won 700,000 euros on average in 2017, with a return of 1.7%
Berlin’s Blacklane raises $40-45M for its high-end transport on demand service
Transportation-on-demand startups betting on growth by homing in on specific market segments continue to play strong with both investors and customers looking for alternatives to traditional taxis and Uber. Today, Blacklane, a Berlin-based business that offers limousines and other high-end cars for airport and other medium-length journeys, is announcing that it has raised a significant… Continue reading Berlin’s Blacklane raises $40-45M for its high-end transport on demand service
Nissan and Shikoku Electric join forces to promote electric cars
Buyers of new Nissan LEAF in Japan’s Shikoku region to earn points toward electricity bill YOKOHAMA, Japan (Jan. 24, 2018) – Buyers of the new Nissan LEAF in a region of western Japan will earn points that they can use to help pay their utility bills, as part of a partnership to promote electric cars.… Continue reading Nissan and Shikoku Electric join forces to promote electric cars
Ford urged to recall 1.3M Explorers over fume fears
A Washington-based auto safety group is repeating its call for Ford Motor Co. to recall more than a million Explorer sport-utility vehicles, citing an increase in the number of complaints about exhaust fumes seeping inside the vehicles. (Photo: Chris O’Meara / AP file) A Washington-based auto safety group is repeating its call for Ford Motor… Continue reading Ford urged to recall 1.3M Explorers over fume fears
Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union
The head of Peugeot and Citroen (PSA) has met with Vauxhall union bosses for a “frank exchange” of ideas, as the French company weighs up how it will integrate the British brand into its portfolio of companies. The Unite union’s general secretary, Len McCluskey, said the meeting with Carlos Tavares, PSA’s chief executive, was “constructive”, and Tavares repeated his… Continue reading Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union
Cargo raises $5.5M to let Uber drivers sell snacks and essentials nationwide
Cargo, a startup that wants to let every rideshare driver open their own convenience store in their car, has just raised $5.5M in a round it’s calling seed preferred financing. Over the summer we covered the company’s $1.75M seed round, at which point they were just getting started. Now they have 2,500 cars on the… Continue reading Cargo raises $5.5M to let Uber drivers sell snacks and essentials nationwide
Jaguar Land Rover to cut output due to Brexit, diesel uncertainty to hit sales
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars. Jaguar Land Rover’s sales in Britain and Europe were flat in 2017 and it expects tough… Continue reading Jaguar Land Rover to cut output due to Brexit, diesel uncertainty to hit sales
Good ideas from employees: AUDI AG saves approximately €108.6 million in 2017
Two auto‑mechatronics apprentices, Alexander Herbig and Alexander Ochsenkühn (r.), had the idea of marking torque‑wrench sockets green and red. The color system eases the fitting of the sockets, prevents the wrong use of the tool and therefore saves time. Audi Ideas Program sets new record in full-year 2017 Implementation of 15,000 improvement suggestions from Audi… Continue reading Good ideas from employees: AUDI AG saves approximately €108.6 million in 2017