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Ford’s China ventures extend auto sales recovery in June

BEIJING (Reuters) – Ford Motor’s (F.N) China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced lows. The U.S. automaker’s Chongqing-based venture with Changan (000625.SZ) said ... More »

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Ford CEO Hackett’s salary fell to $17.4 million in 2019

(Reuters) – Ford Motor Co (F.N) said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018. The ratio of Hackett’s annual compensation to the median of the annual compensation of all employe... More »

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Ford bets on an electric Mustang to charge its turnaround

LOS ANGELES (Reuters) – The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that h... More »

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Ford’s slow China run persists, sales skid again in March

BEIJING (Reuters) – Ford Motor Co’s business in China continues to falter amid a dearth of fresh products, even though the American automaker earlier this week said it plans to launch two new models in the world’s biggest auto market by the end of the year. Fo... More »

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Ford China chief in abrupt departure, a blow to recovery hopes

FILE PHOTO – Key Safety Systems Chief Executive Officer Jason Luo listens to a question during an interview with Reuters in Tokyo, Japan October 5, 2016. REUTERS/Issei Kato/File Photo BEIJING (Reuters) – Ford Motor Co said its China chief, Jason Luo, has stepp... More »

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Ford to name new heads for Europe, Asia: FT

FILE PHOTO: Peter Fleet, the president of Ford ASEAN, speaks during a news conference at a hotel in Bangkok March 23, 2011. REUTERS/Chaiwat Subprasom Ford Motor Co (F.N), which earlier this week named turnaround expert James Hackett as its chief executive offi... More »

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Lack of new launches leaves Ford playing catchup with GM

Newly named Ford Motor Company president and CEO James Hackett answers questions from the media during a press conference at Ford Motor World Headquarters in Dearborn, Michigan, U.S., May 22, 2017. REUTERS/Rebecca Cook James Hackett spent the last year plottin... More »

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Ford recalls F-250 pickups that could roll while in park

A Ford logo is pictured at a car dealership in Monterrey, Mexico, November 9, 2016. REUTERS/Daniel Becerril Ford Motor Co (F.N) is recalling about 52,600 F-250 pickup trucks sold in the United States and Canada because the vehicles could roll after the driver ... More »

Ford to invest $1.8 billion to expand R&D in China

SHANGHAI Ford Motor Co (F.N) said on Monday it will invest 11.4 billion yuan ($1.8 billion) over the next five years to expand research and development in China, the latest effort by the U.S. carmaker to secure a larger slice of the world’s biggest auto market... More »

Ford moves commercial truck production to Ohio from Mexico

DETROIT Ford Motor Co (F.N) on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland-area plant, moving production out of Mexico for the first time. The shift to the 41-year-old plant in Avon Lake, Ohio means that about... More »