Ford Motor Co
Ford cuts planned 2024 production of electric F-150 Lightning in half
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a major reversal after the automaker significantly increased plant capacity for […]
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UAW files unfair labor practice charges against Hyundai, Honda and VW, accusing them of union busting
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT — The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of unlawfully interfering […]
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Why automakers are turning to hybrids in the middle of the industry's EV transition
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and avoid costly penalties […]
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Ignore the automakers: Fund supervisor picks 2 for a longer period-phrase plays to cash in on EVs
EV automakers like Tesla , BYD and BMW have garnered a good deal of notice from buyers this year. Even so, a single expense analyst says a much better way to participate in the electric powered automobile topic is to make investments in the broader ecosystem. “We like autos — we made use of to […]
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Tesla established to expose Cybertruck facts at Austin deliveries event
The Tesla Cybertruck all through a tour of the Elkhorn Battery energy storage program in Moss Landing, California, on June 6, 2022. Nik Coury | Bloomberg | Getty Images Electric automobile maker Tesla is set to reveal details about its new and unconventional Cybertruck pickup on Thursday, a person working day soon after CEO Elon […]
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Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion over life of the contract
NEW YORK – Ford Motor on Thursday reinstated 2023 guidance after pulling its forecast last month due to the impacts of labor strikes and negotiations with the United Auto Workers union. The guidance calls for $10 billion to $10.5 billion in adjusted earnings before interest and taxes, or EBIT, and adjusted free cash flow of […]
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UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty Images The United Auto Workers union is launching an unprecedented campaign to organize 13 non-union automakers in […]
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GM says union labor deals will increase costs by $9.3 billion
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images General Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in costs per vehicle during […]
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Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT […]
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Ford union employees ratify UAW deal, closing out historic negotiations with Detroit automakers
Associates of the United Vehicle Personnel union picket outdoors the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Pictures DETROIT — Union associates at Ford Motor accredited a tentative settlement Friday, concluding contentious agreement negotiations among the United Car Personnel and Detroit automakers. UAW-Ford workers ended up […]
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