Page 3 - Ford Motor

Ford Motor pulls the plug on plans to cede India business to Mahindra

Ford took a $799 million impairment charge in 2019 in anticipation of the asset transfer to Mahindra to account for what it called fair value less cost to sell

Ford adding 350 jobs at two factories to make electric vehicles

Ford plans to add 350 jobs at two factories to meet expected demand for electric vehicles that haven't gone on sale yet.

Harley fails, Hyundai triumphs: India's auto market is unlike any other

The problems: taxation system favours smaller cars, expat CEOs don't always understand business landscape

Tesla loses more than combined GM, Ford m-cap after S&P 500 index exclusion

(Reuters) - Tesla Inc shed about $80 billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors Co and Ford Motor Co , after its surprise exclusion from the S&P 500 index.

Ford Motor to trim US workforce by 1,400; offer early retirement incentives

Most of the reductions would take place in the area of Dearborn, Michigan, where Ford has its headquarters and large product development and engineering operations

Ford Motor to cut 1,000 North American salaried jobs amid overhaul

The job cuts are aimed at improving the automaker's efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action

Ford names Jim Farley new CEO, to take over from Jim Hackett on Oct 1

Farley, 58, became chief operating officer in March when his main internal rival was ousted following the botched launch of the Ford Explorer sport-utility vehicle

Ford CEO Hackett to retire, Jim Farley to lead automaker from October 1

Ford Chief Operating Officer Jim Farley will lead the storied automaker into the future starting October 1 when current CEO Jim Hackett retires.

India plans incentives to double auto exports in next five years: Report

Govt wants to promote exports and has identified some sectors, including autos and textiles, for which incentive plans are being designed, said a senior government official

Covid-19 impact: Ford slumps $2 bn in Q1, expects loss to double next qtr

The company has slashed costs during the Covid-19 outbreak to weather the shutdown, including cutting salaries of executives and white-collar employees

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.

Coronavirus outbreak: Why cities may not remain the same after lockdown

Tens of thousands of workers who returned to villages are now similarly weighing whether to return at the end of the lockdown, which Modi this week extended to May 3.

Competition Commission gives nod for M&M, Ford Motor joint venture

In October last year, M&M said it would buy 51 per cent stake in Ardour Automotive Pvt Ltd for around Rs 657 crore

Weak profit outlook forces revamp in Ford's management; Jim Farley new COO

Farley, president of new businesses, technology and strategy, has been viewed as one of the potential successors to CEO Hackett, who took over in May 2017

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

M&M aims to boost exports with Ford partnership, but market is in a slump

Both companies expect to achieve cost synergies, pare product development time and cost and leverage each other's distribution reach to boost exports

M&M to steer Ford's India operations, form 51:49 JV to cut risks and costs

Ford will gain from M&M's cost competitiveness and frugal engineering

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

The two companies have for months been negotiating the deal

Top 10 biz headlines: Ruias win back Mahan Power, auto cos' GST woes & more

From the Ruias being set to wrest back control of the Mahan Power project to the govt's warning that GST relief for auto cos may raise burden on other goods, here are Thursday's top business headlines

Ford- Volkswagen alliance seen amping up pressure on other automakers

Ford and VW have scheduled a press conference for 8 am on Friday in New York to update investors on the alliance