Jim Farley News

09.12 / 09:33

markets UPS Waves Platform Fighting BURST Ford and Renault team up in Europe to compete against low-price Chinese cars

Subscribe to enjoy similar stories. Ford is turning to French peer Renault to help reboot its European business, in a fresh sign of the upheaval being caused by Chinese automakers outside the U.S. “We know we’re in a fight for our lives in our industry, and no better example than here in Europe," Ford Chief Executive Officer Jim Farley told journalists in Paris.

13.03 / 06:11

markets CEO Election Trade President performer reports US CEOs need to push Trump in a business-friendly direction, find their missing backbones

Trump presidency. But did any CEOs expect fierce trade wars with America’s closest allies? And did any investors expect the current nosedive in the markets? America’s businessman president is turning out to be a capital-basher like no other. The S&P Index has just recorded its worst performance compared with the rest of the world this century. The dollar is weakening, inflationary pressure is rising and credible voices are predicting a recession.

01.11 / 12:37

COST UPS Strategy President testing Ford to halt F-150 Lightning production at Michigan plant

Ford Motor Co. plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck, its signature electric vehicle, through the end of the year as demand for EVs continues to wane.

29.10 / 00:05

markets COST CEO Action Strategy reports Ford quarterly profit drops almost 26% due to $1B write-offs for canceled electric SUV

Ford’s third-quarter net profit fell nearly 26%

30.09 / 18:39

UPS Provident Research show reports travelers 'It's not range anxiety, it's change anxiety': Ford offers free EV chargers and installation worth $2,300

Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers.

18.09 / 04:11

markets COST UPS Volkswagen Gap Hyundai Why the hype for hybrid cars won’t last

Subscribe to enjoy similar stories. The car industry’s effort to decarbonise revolves around replacing petrol with batteries. A growing number of customers want both.

14.09 / 07:46

markets COST UPS CEO Racing Tesla Features What scared Ford’s CEO in China

Subscribe to enjoy similar stories. Jim Farley had just returned from China. What the Ford Motor chief executive found during the May visit made him anxious: The local automakers were pulling away in the electric-vehicle race.

28.08 / 23:33

CEO community Diversity voice social inclusion rights Ford joins growing list of companies changing diversity policies after conservative pressure

Ford Motor Co. has joined the ranks of companies that have pulled back on diversity, equity and inclusion policies while facing pressure from conservative groups

25.07 / 03:56

COST UPS CEO Trade 2020 reports Updates Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading

Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

15.05 / 12:55

markets COST CEO Tesla reports Ford losing $100,000 per every electric vehicle: Report

Ford Motor Co is reportedly losing whopping $100,000 per every electric vehicle. According to Bloomberg, Ford has begun cutting orders from battery suppliers to stem the losses. Quoting officials, Bloomberg reported that the company «have slashed thousands in costs from their EVs to try to make them profitable, but they’ve also had to slash prices to remain competitive against market leader Tesla Inc., which has aggressively discounted its models».

24.04 / 23:09

COST UPS CEO blues reports Updates Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline

Ford Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline

11.04 / 15:41

markets COST Manufacturing Gap wellness Kingstone reports 'Tall order to ask the average Canadian': EVs are twice as hard to sell today

As automakers continue to delay their electric-vehicle plans and report lower-than-expected sales, Canada’s goal of ensuring that at least 20 per cent of new vehicles sold by 2026 are electric seems to be in jeopardy.

04.04 / 13:41

markets UPS Target Manufacturing Tesla rights Ford Motor delays launch of new EV to let market further develop

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.

16.02 / 14:31

COST UPS Manufacturing CEO President Relationships International Ford CEO says company will rethink where it builds vehicles after last year's autoworkers strike

Ford's top executive says that last fall’s contentious United Auto Workers’ strike changed the company's relationship with the union to the point where it will “think carefully” about where it builds future vehicles

21.01 / 08:11

markets UPS Manufacturing wellness reports Ford cuts production of F-150 Lightning pickup on weaker-than-expected electric vehicle sales growth

Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth

20.01 / 06:41

markets COST UPS Booking Tesla blues Stellantis warns of 'bloodbath' from EV price cuts as Ford chops F-150 Lightning output

Stellantis NV boss Carlos Tavares has warned carmakers cutting electric vehicle prices too fast risked a “bloodbath” in the industry, hours after Ford said it was reducing production of its battery-powered F-150 Lightning pick-up truck because of weaker sales.

11.12 / 22:51

CEO reports 2024 Ford to cut F-150 Lightning production by 50% in 2024

Automotive News reports Monday that Detroit automaker, Ford Motor (NYSE:F) has sent a memo to suppliers with plans to cut production on the company’s F-150 Lightning electric pickup truck by half in 2024.

26.10 / 12:53

Provident Fox President show cover reports UAW and Ford reach tentative deal on new labor contract

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

19.10 / 13:05

COST Ford Manufacturing Fighting Tesla President Behind Detroit's battery fight: Profits, UAW's power and Tesla

By Joseph White

19.10 / 07:23

COST Manufacturing ICE President blues Ford names Galhotra, head of internal combustion engines business, as its chief operating officer

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

19.10 / 05:23

Provident Ford Ball CEO awards performer Schumpeter | Are America’s CEOs overpaid?

intermittent strikes at Ford, General Motors (GM) and Stellantis, America’s “big three" carmakers. A month in and the two sides are still at loggerheads. Jim Farley, Ford’s chief executive, has argued that the 36% pay rise over four years demanded by the striking workers would cripple his business.

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