Thursday, 28 October 2021

Tag Archives: Ford

Ford posts lower third-quarter profit

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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Ford admits they ‘overestimated’ self-driving cars

NEW YORK: Although self-driving cars have become a hype in recent times, automaker Ford believes that the firm has ‘overestimated’ the arrival of those autonomous cars. American automobile manufacturer Ford’s CEO Jim Hackett recently put brakes on hopes of the company’s plans for self-driving cars, admitting that the first vehicles ...

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Macron: France will force Ford to revitalise site of plant closure

PESSAC: French President Emmanuel Macron pledged to force automaker Ford to pay to help create new jobs on an industrial site the US firm plans to close in southwestern France. The French government has denounced Ford’s decision to shut its plant making gear boxes after the company rejected a takeover ...

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Ford probing possible problems with fuel economy, emissions tests

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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Ford’s Sale Slump After US Tariffs on Chinese Products

BEIJING: Ford Motor’s <F.N> China slump intensified, with vehicle sales tumbling 38 percent in June and the automaker recording its worst-ever first half, as buyers shunned its aging models that are awaiting overhauls and flocked to rivals. The U.S. automaker announced on Friday it sold 62,057 vehicles in China in ...

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