Explore Business Standard
Japan is filled with tiny white trucks that farmers and commercial workers use to lug their gear along the narrow roads of a nation smaller than California. But Japanese Prime Minister Sanae Takaichi had another, more substantial truck in mind as she looked to build rapport with visiting US President Donald Trump. Takaichi, who wants to improve economic ties with Washington and cement a strong relationship with Trump, placed an enormous American Ford F-150 truck, as well as US-made Japanese automobiles, in the courtyard of the Akasaka Palace where the leaders held their first talks Tuesday. Trump is a fan of the Ford F-150 and has responded positively to reports that the Japanese government is considering buying dozens of the pickups. He has also complained that there are hardly any American cars in Japan and that the country's vehicle safety standards are too strict. But the lack of big American automobiles in Japan might be linked to more practical reasons, including local taste
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 Co will pay a penalty of up to $165 million to the US government for moving too slowly on a recall and failing to give accurate recall information. The National Highway Traffic Safety Administration says in a statement Thursday that the civil penalty is the second-largest in its 54-year history. Only the fine Takata paid for faulty air bag inflators was higher. The agency says Ford was too slow to recall vehicles with faulty rear-view cameras, and it failed to give the agency complete information, which is required by the Federal Motor Vehicle Safety Act. Ford agreed to a consent order with the agency that includes a payment of $65 million, and $45 million in spending to comply with the law. Another $55 million will be deferred. Timely and accurate recalls are critical to keeping everyone safe on our roads, NHTSA Deputy Administrator Sophie Shulman said in the statement. When manufacturers fail to prioritize the safety of the American public and meet their obligations un
American automaker Ford on Friday said it is preparing to utilise its Chennai manufacturing plant to roll out vehicles for exports and has intimated the same to the Tamil Nadu government. The company which in 2021 had said that it would stop manufacturing vehicles in India, has submitted a Letter of Intent (LOI) to the Tamil Nadu government, confirming its intention to utilise the Chennai plant for manufacturing for exports. The announcement follows a meeting between Ford leadership and Tamil Nadu Chief Minister MK Stalin as part of his visit to the United States, Ford said in a statement. "This step aims to underscore our ongoing commitment to India as we intend to leverage the manufacturing expertise available in Tamil Nadu to serve new global markets," Ford International Markets Group President Kay Hart said. Ford said the strategic move will see the facility repurposed to focus on manufacturing for export to global markets, as part of the company's ambitious 'Ford+ growth ...
Chief Minister M K Stalin, who is on a US tour, called on officials of Ford Motor in Chicago and deliberated on the possibility of renewing the company's ties with Tamil Nadu, the state government said on Wednesday. Stalin visited Ford officials including President, International Markets Group, Kay Hart on September 10, 2024, and urged them to revive car manufacturing and expand their global (technology/business) centre in Chennai, an official release said. Ford stopped production at its plant here a few years ago. The CM said in a post on 'X': "Had a very engaging discussion with the team from @Ford Motors! Explored the feasibility of renewing Ford's three decade partnership with Tamil Nadu, to again make in Tamil Nadu for the world!" Also, the government said the chief minister met top officials, including national president, Jagadeesh Mosali of IT Serve Alliance, the voice of IT companies functioning across the United States and urged them to make investments in Tamil Nadu. On
If there are rock stars in philanthropy, Darren Walker, the president of the Ford Foundation, is one of them. And he's about to exit the stage. Walker, 64, has been named one of Rolling Stone's 25 People Shaping the Future and Time's 100 Most Influential People as he led one of the original American philanthropies since 2013. The foundation said Monday that he will step down from his role by the end of 2025. A search committee has been convened to find Walker's replacement, said Ford Foundation board chair Francisco Cigarroa. Walker "has guided Ford through some of the most challenging moments of our time with grace, kindness, and empathy, and his tenure will be remembered as one of the most consequential periods in the institution's nearly 90-year history, Cigarroa said in a statement. A former corporate attorney and chief operating officer of the Harlem-based Abyssinian Development Corporation, Walker oversaw major investments in advocating for gender equity and disability rights