County Ford Financial News

Ford may have abandoned the plan to sell the Tamil Nadu plant. What could have caused the rethink? This change in strategy could be due to several reasons. Ford could be seeking a better, higher bid from other Indian auto majors.

Could there be a fresh twist in Ford’s tryst with India? A buzz has risen after reports surfaced of the US-based carmaker’s decision to cancel the planned sale of its Chennai facility to the JSW group that was in an advanced stage of talks. One may be inclined to think this is on account of negotiations breaking down.

Ford Motor Co. unexpectedly abandoned plans to sell its Tamil Nadu plant, its sole remaining factory site in the country, after finalising a deal with the Sajjan Jindal-led JSW Group recently, said people with knowledge of the matter.

By David Shepardson and Ben Klayman

By Heekyong Yang

Ben Ford and his wife Emily are divorcing. «Irreconcilable differences» was the explanation Emily gave for their divorce.

premier on Disney+ on Friday, December 1. The movie was released on theatres in June. Dial of Destiny, featuring the acclaimed multi-Emmy winning actress and creator of Fleabag, Phoebe Waller-Bridge, had its world premiere at the Cannes Film Festival. However, it garnered the weakest reviews in the franchise. This movie, with a budget exceeding $300 million, had a lackluster domestic debut of $60.3 million. Globally, it secured the fourth position in the franchise's box office performance among the five films, grossing $383.9 million. It trailed behind Indiana Jones and the Kingdom of the Crystal Skull ($790.6 million), Indiana Jones and the Last Crusade ($474 million), and the series' inaugural film, Raiders of the Lost Ark ($389.9 million). The lowest-grossing movie in the series was the second installment, Indiana Jones and the Temple of Doom, with $333.1 million in worldwide box office earnings. The starcast of Indiana Jones and the Dial of Destiny includes Harrison Ford, Phoebe Waller-Bridge, Antonio Banderas, John Rhys-Davies, Toby Jones, Boyd Holbrook, Ethann Isidore and Mads Mikkelsen. Indiana Jones and the Dial of Destiny is based on “Characters” by George Lucas and Philip Kaufman. Further, it is directed by James Mangold.

Tentative pacts were made with Stellantis and Ford.

By David Shepardson and Joseph White

Ford has reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates

General Motors and Jeep maker Stellantis are meeting with United Auto Workers bargainers to see if they can reach a contract agreement that mirrors a deal signed with crosstown rival Ford

Tata Passenger Electric Mobility Ltd (TPEML), the EV arm of Tata Motors, will start selling electric vehicles through dedicated sales channels in select cities over the next few months and have a shop-in-shop concept at its existing sales channels. The TPG Rise-backed firm will also commence making internal combustion engine (ICE) models and EVs at its Sanand plant in 2024 as part of Tata Motors’ plans to clearly bifurcate the ICE and EV business, the company’s top executive said. TPEML acquired Ford India’s Sanand plant in August 2022 and completed the acquisition in January 2023 for Rs 725.7 crore. The Sanand plant has a manufacturing capacity of 3 lakh units per annum is scalable to 4.2 lakh units per annum. “The Sanand 2 plant will get operationalized next year.

By Joseph White and Abhijith Ganapavaram

Ford is naming longtime executive Kumar Galhotra as its chief operating officer as the automaker continues to deal with an ongoing strike by workers

Ford Motor Co. Executive Chairman Bill Ford has called on autoworkers to come together and end a monthlong strike that he says could cost the company the ability to invest in the future

Penfolds owner Treasury Wine Estates was hit with a 46 per cent protest vote over executive pay on Monday after the board allowed share-based incentives to chief executive Tim Ford on the basis that no-one could have foreseen the heavy profit drop from punishing wine tariffs imposed by China.

By David Shepardson

(Reuters) — Canadian workers union Unifor on Friday said General Motors (NYSE:GM) was «resisting» a number of important elements of its pattern agreement with Ford Motor (NYSE:F).

Automotive News executive editor Jamie Butters discusses the expansion of the UAW strikes and its impact on car buyers.

By David Shepardson

Reuters, this decision is attributed to the effects of the ongoing United Auto Workers strike, which has now entered its 18th day and has impacted operations at these facilities. Also Read: UAW Strike Hits Demand for Steel The UAW confirmed that it submitted a fresh contract offer to GM on Monday. However, GM responded by stating that they had received the counterproposal, but there were still significant differences to be addressed.