DEARBORN: Ford Motor Co on posted a lower quarterly profit as it took charges for its global restructuring, and reduced its full-year operating profit forecast due to higher warranty and incentive costs, as well as lower-than-expected sales in China. The revised forecast sent shares down 3.4pc to $8.90 in after-hours ...
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DETROIT: Ford Motor Co said on Thursday it has hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data provided to regulators or consumers. The issues involving Ford’s testing processes do not involve ...
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LONDON: Ford Motor Co’s ride-share service Chariot is ceasing its operations in the United States and the UK by the end of March, Chariot said in a blog post on Thursday. The move is a setback for Ford, which bought the San Francisco-based Chariot in 2016 to expand beyond auto ...
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LONDON: Chinese electric-car maker NIO has launched sales of its first vehicle three years after the company was founded, undercutting the price of a rival model from Tesla Inc. Chinese customers can buy the ES8 sports utility vehicle, with a range of 500 kilometers (311 miles) on a single charge, ...
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The Asian Post
