Ford Q2 Profit Up 19% on Strong Prices, Sales Increase
DETROIT — Ford Motor Co.’s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales.
Ford Halts Sales of Mustang Mach-E Over Defect
Ford Motor Co. has told dealers to temporarily halt sales of the Mustang Mach-E over a potential safety defect, a setback for the carmaker as it tries to fortify its position as a leader in electric vehicles.
Ford Delivers First Electric F-150
Nicholas Schmidt of Standish, Mich., became owner No. 1 of Ford Motor Co.’s first electric pickup, the F-150 Lightning.
Ford CEO Farley: No Plan to Spin Off EV Business
DETROIT — Ford Motor Co. CEO Jim Farley says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales.
Ford’s Kansas City Plant Begins Deliveries of E-Transit
Ford Motor Co. this week began shipping its new all-electric E-Transit cargo van from its Kansas City Assembly Plant in Missouri to customers across the U.S.
Ford Profit Falls Short of Estimates Despite Rising Car Prices
Ford Motor Co. reported fourth-quarter earnings that missed analysts’ estimates despite a surge in prices for its vehicles, and warned of higher commodity costs in the year ahead.
Ford Market Value Tops $100 Billion on Surging Electric Vehicles
Ford Motor Co.’s market value topped $100 billion as investors bet on the 118-year-old automaker’s prospects in the dawning electric age.
Ford’s Market Value Tops GM for First Time in Five Years
Ford Motor Co.’s surging stock has given it a market value greater than rival General Motors Co. for the first time in more than five years.
Ford to Launch Food Program in Detroit Using Autonomous Shuttle
In a move aimed both at fulfilling a community need and advancing vehicle technologies considered a key part of its future, Ford Motor Co. is launching a fresh food delivery pilot in southwest Detroit using an autonomous vehicle shuttle.
Ford to Cut Debt Costs by Retiring ‘COVID Bonds’
Ford Motor Co. is aiming to cut its borrowing costs by more than half as it repurchases $5 billion in junk-rated debt and seeks to set a path to return to an investment-grade credit rating.