Ford Motor News

Subscribe to enjoy similar stories. New Delhi/Mumbai: In December 2024, industrialist Sajjan Jindal declared that steelmaker JSW would soon have its own automobile brand. “Our idea is not to be an outpost of a Chinese company to sell products in India," Jindal told the Financial Times.

Volvo Car AB said Hakan Samuelsson, who served as its chief executive officer from 2012 to 2022, will retake the helm as the Swedish carmaker tries to navigate its way out of a malaise worsened by looming US tariffs. Samuelsson will replace Jim Rowan on April 1, and serve for a two-year term as the board looks for a long-term successor, the company said in a statement on Sunday. «With fast-moving technological shifts, growing geopolitical complexity, and intensifying competition across regions, the board believes the company is best served by leadership with deep industrial experience, deep knowledge of our group, and a proven ability to execute in challenging environments,» Volvo Car said. Volvo Car is among the European carmakers vulnerable to new 25% tariffs set to be imposed by the US next week on all imported passenger vehicles and light trucks, as well as key auto parts.

Subscribe to enjoy similar stories. A ransomware attack against a major supply chain technology provider left retailers including Starbucks and U.K. grocery chain Sainsbury’s scrambling to manage operations including scheduling and handling inventories.

ALSO READ: ‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets Wrap April 25 (Thursday) will see the release of the US GDP (gross domestic product) data for the first quarter. On April 26 (Friday), data on PCE index will be unveiled. Following companies are due to report quarterly earnings in the week ahead— Verizon, Truist, Albertsons Companies, Visa, Tesla, PepsiCo, Texas Instruments, Philip Morris International, UPS, Lockheed Martin, Mattel, General Motors, Meta Platforms, IBM, AT&T, Boeing, Chipotle, General Dynamics, Hilton Worldwide, Ford Motor, Microsoft, Alphabet, Merck, Caterpillar, Comcast, Intel, Altria Group, TotalEnergies, Exxon Mobil, AbbVie, Chevron, and Colgate-Palmolive.

Ford Motor said it is delaying the launch of a new three-row electric vehicle, which will buy time for the consumer market for EVs to further develop. The carmaker now expects to launch the new EV in 2027, delayed from a previous target date of 2025. Ford said it will still produce the EV at its Oakville Assembly Plant in Canada, which Ford is planning to overhaul from gas-vehicle production to an EV manufacturing plant.

Toyota Motor. Not long ago, it looked as if Toyota had fallen dangerously behind in electric vehicles. Tesla, the electric car pioneer, has grown rapidly and become the world's most valuable automaker. Seeing Tesla's success, other companies, such as General Motors and Ford Motor, concluded that large numbers of consumers were poised to switch to battery-powered cars and trucks and began investing tens of billions of dollars to catch up. Toyota, however, was more deliberate — or lethargic, its critics would say. It has introduced just two fully electric models in the United States so far, betting that its gas-electric hybrids and plug-in hybrid vehicles, which it has become known for, would remain popular and were sufficient to address climate change for now.

By David Shepardson

When the world’s most valuable lithium company last year announced plans for a $1.3 billion plant in South Carolina, local officials hailed it as transformative for the Palmetto State. The high-tech project from Charlotte, N.C.-based Albemarle was designed to process different sources of lithium, including from recycled batteries, and serve as a supplier of the critical mineral for South Carolina’s burgeoning electric-vehicle industry. Less than a year later, those plans have been hobbled by a crash in battery metal prices, undercut by a slowdown in electric-vehicle sales growth in the U.S.

(Reuters) -Ford Motor said on Wednesday it expects to record a pre-tax remeasurement loss of about $1.7 billion, related to its employees pension and other post-retirement benefits, in its fourth-quarter results.

(Reuters) -Ford Motor on Thursday posted a 7.1% rise in 2023 U.S. sales, fueled by demand for its crossover SUVs and pickup trucks and easing supply chain constraints.

Tesla deliveries to hit record, but fall short of Elon Musk’s aspirations Volkswagen said on Monday it "is in the process of confirming eligibility for a federal EV tax credit for vehicles" after Jan. 1.

By David Shepardson and Ben Klayman

By David Shepardson

(Reuters) -Ford Motor said on Monday it would add more of Tesla (NASDAQ:TSLA)'s Superchargers to its electric-vehicle charging network, higher than previously forecast, as automakers tap into the EV leader's sprawling charger network to expand the range of their cars.

'Making Money' host Charles Payne discusses the impact of the expansion of the UAW strikes.

Unions aren’t the force in the U.S. that they used to be. That doesn’t mean they can’t pack a punch.

By David Shepardson

By Nathan Gomes and Paul Lienert

By David Shepardson

A group of major automakers is planning a joint investment to build thousands of electric-vehicle chargers in the U.S., people familiar with the plan said, a bid to ease a shortage of charging spots that deters many consumers from choosing EVs. The companies—BMW, General Motors, Honda Motor, Hyundai Motor, Kia, Mercedes-Benz and Jeep maker Stellantis—plan to collectively invest at least $1 billion in a joint-venture company that will build out charging stations, the people said. The group is targeting the addition of around 30,000 fast chargers in urban and highway areas over several years.

The chances that the U.S. will plunge into a recession this year are slipping. But the richcession? It’s still rolling.