Ford shares rose as high as $17.17 in early trading Thursday after closing Wednesday at $15.51
Ford's net income was $1.8 billion, down from $2.4 billion a year earlier
The factories, to be built on sites in Kentucky and Tennessee, will make batteries for the next generation of Ford and Lincoln electric vehicles that will be produced in North America
Why do top global carmakers fail in India? Will Cairn settlement herald the end of India's retro tax migraine? What will T+1 settlement cycle change for Indian markets? Get answers in this episode
Dealers will likely face "legal complications" given that Indian consumer law makes them liable after a manufacturer exits, Vinkesh Gulati, president of the FADA said
AIADMK coordinator O Panneerselvam sought Tamil Nadu Chief Minister M K Stalin's immediate intervention in the issue concerning the American auto major Ford Motor's decision to shut operations
Failure to read the market and taxes favouring small cars made some of the most storied names in the global automobile industry fail in the world's fifth-largest market
Company in talks with automakers to sell Chennai plant, says govt official
'The decision was reinforced by years of accumulated losses, persistent industry overcapacity and lack of expected growth in India's car market,' says Anurag Mehrotra, MD of Ford India
Apple's car is a hotly anticipated product but the company says almost nothing about it.
South Korean battery maker SK Innovation and Ford Motor are set to announce a battery joint venture in the US to ensure a stable supply of batteries for electric vehicles, industry sources said
American auto major said it is donating 50 lakh surgical masks, 1 lakh N95 masks and 50,000 gowns to help fight the surge of COVID-19 cases in India
Most American car-makers have failed in making their gambit one to watch
"Production is really vulnerable right now," Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. "Any kind of abnormal occurrence causes parts to run out"
Velodyne Lidar is a maker of sensors used in self-driving cars
President Joe Biden is expected to launch an array of initiatives during his initial days in office, including ramping up testing and vaccine rollouts.
Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency
The automaker also said it will keep its South America headquarters, product development centre and proving grounds in Brazil
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The latest move will not have any impact on its product plan, Mahindra and Mahindra said