Page 7 - Ford

Ford issues $8 bn debt securities after coronavirus causes $2 bn loss

The Dearborn, Michigan-based company, which lost its investment-grade status in March, raised new funds with a three-part debt offering, according to a regulatory filing.

Ford board leaves embattled CEO with little room left for error

Joe Hinrichs, Ford's 53-year-old automotive president, will leave on March 1 after almost two decades with the company

Tesla's stock market value zooms past that of GM and Ford, combined

Tesla's stock has more than doubled in the past three months

Auto Expo 2020: Digital tilts the wheel as marquee brands plan to skip

Even as big auto brands plan to skip the 2020 Auto Expo, as many did two years ago, Chinese carmakers are stepping in to claim their spot

Ford Motor likely to make its new electric Mustang Mach-E in China

While Ford is building the Mach-E in Mexico, CEO Jim Hackett said the company employs more workers in the US than its competitors

Suzuki dials back on promise of India's auto market, and it is not alone

India's auto sector has gone into a tailspin this year as tight liquidity at shadow banks, high taxes and a weak rural economy have sapped consumers' buying power

Ford to form joint venture with Mahindra & Mahindra valued at $275 mn

The two companies have for months been negotiating the deal

Ford India introduces 2019 EcoSport line-up, cuts prices by up to Rs 57,400

The 2019 EcoSport line-up showcases Ford India's continuous efforts to increase localisation, resulting in greater value being passed on to customers across the variants, the company said

Ford says will slash 7,000 jobs comprising 10% of its global workforce

The company has said it was undertaking a major restructuring, and it will have trimmed thousands of jobs by August

Ford recalls 1.5 million F-150 pickups trucks over transmission issue

Ford said select 2011-2013 model year trucks with six-speed automatic transmission could experience an unintended downshift into first gear without warning

Ford investing $1 billion, adding 500 jobs in Chicago factories

The Chicago assembly plant will stop building the Ford Taurus at this end of this month as it boosts SUV production

Ford's formula for growth: Low maintenance cost, focus on utility vehicles

Utility vehicles (UV), which accounted for three per cent of the vehicles sold in 2013, has climbed to 16 per cent the last year and is expected to further rise to 24 per cent in the next three years

Ford's exports in slow lane since August due to component supply issues

Company's exports have been hit since August owing to component supply issues and new model planning

Ford's global job cut unlikely to have major impact in India

Most of the company's operations in India are in the exempted categories

Riding on exports, Ford emerges as third largest car maker in India

Ford India produced a record 2,52,959 vehicles in FY17, helped by a 43% surge in export volumes

Ford tech arm gets Indian patent

Ford is exploring hybrid electric vehicles segment in India

Trump effect: Ford announces $1.2 bn investment in US auto plants

The company in January also announced a $700 mn investment in its Flat Rock Assembly plant

Ford to export Ecosport to North America

Since 2013, Ford has exported over 200,000 Ecosports made at its factory in Chennai

Ford to invest $1 billion in artificial intelligence start-up

Ford is also remaking its headquarters and main development centre in Dearborn, Mich

Ford to invest $1 bn in artificial intelligence start-up

Argo AI employees will have a minority equity stake in the venture