WebinarsNew
Deep DiveNew
Explore Business Standard
President Donald Trump arrives Monday in Japan where new Prime Minister Sanae Takaichi is banking on building a friendly personal relationship with the US leader to ease trade tensions. One key to this strategy might lie in an idea floated by Japan's government to buy a fleet of Ford F-150 trucks, a meaningful gesture that may also be impractical given the narrow streets in Tokyo and other Japanese cities. It's an early diplomatic test for Takaichi, the first woman to lead Japan. She took office only last week, and has a tenuous coalition backing her. Trump instantly bought into the idea of Ford trucks as he flew to Asia aboard Air Force One. She has good taste, Trump told reporters. That's a hot truck. The two spoke over the phone while Trump was mid-flight on Saturday. Takaichi stressed her status as a protege of the late Prime Minister Shinzo Abe, a favorite of Trump's from his first term, and said she praised him for brokering the Gaza ceasefire that led to the return of hosta
Ford is recalling more than 850,000 of its cars across the US because the low-pressure fuel pump inside the vehicles may fail and potentially cause an engine stall while driving, increasing crash risks. The recall covers a wide range of Ford and Lincoln-branded vehicles made in recent model years. That includes certain Ford Broncos, Explorers and F-150s, as well as Lincoln Aviators and Navigators, documents published this week by the National Highway Traffic Safety Administration note. Ford plans to send out notification letters to affected owners starting this Monday (July 14), to warn of safety risks related to potential fuel pump failure. But a remedy is still under development, the NHTSA's recall report notes. It wasn't immediately clear if there was an estimate for when a fix would become available. But this week's recall report noted that owners will receive an additional letter with instructions to take their car to an authorised dealer for that service when the time comes
Ford Motor Company's top executive on Wednesday welcomed revisions to auto import rules but said more work is needed to craft trade policies that spur growth in the US auto industry. Ford CEO Jim Farley touted his company's domestic production, saying it outpaces competitors, as he attended the rollout of the company's 2025 Expedition SUV at its massive truck plant in Kentucky. Farley focused on trade policies during his remarks to plant workers, a day after President Donald Trump signed executive orders to relax some of his 25 per cent tariffs on automobiles and auto parts. The changes this week on tariff plans will help ease the impact of tariffs for automakers, suppliers and consumers, Farley said. But this is what we really care about. We need to continue to work closely with the administration on a comprehensive set of policies to support our shared vision of that healthy and growing auto industry. And we are not there yet. Farley pointed to Ford's Kentucky Truck Plant, which