It is on average equivalent to 130 days of gross wages per completed year of service, firm says
Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that should be parked outdoors because the engines can catch fire. Ford says in US government documents posted on Thursday that it doesn't know what's causing fires in some 2021 Ford Expedition and Lincoln Navigator SUVs. But the company says fires can happen even while the engines are off. Ford has reports of 16 fires under the hood, 14 in rental company vehicles. One person was burned. It's recommending that the SUVs be parked outdoors and away from buildings. So far it hasn't developed a repair for the fires, which appear to start at the back of the engine compartment on the passenger side. Of the 16 fires, 12 happened while the SUV engines were turned off, Ford said in a prepared statement. The company says it has no reports of fires extending to any buildings. Ford says it's not instructing owners to stop driving the SUVs, although those who might not b
As part of the restructuring plan, Ford will cease production of cars and sport utility vehicles at its plants and will sell vehicles only till stocks last
Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday.
Ford plans to add 350 jobs at two factories to meet expected demand for electric vehicles that haven't gone on sale yet.
Ford will invest $150 million to add production of electric vehicle motors and transaxles at a transmission factory in suburban Detroit, retaining 225 jobs.
Exports stood at 18,564 units last month as compared to 16,132 units in March 2017