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Retail Asia02/09/2020

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Ford is developing a technology in the UK that could make road travel in the urban jungle safer and easier reports the Drive in Australia. Ford’s technology is said to have the ability to ‘foresee traffic incidents’ and present them from happening. Ford Mobility has formed an alliance with a group of bodies that consist of councils, transport […]

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Retail Asia14/08/2020

It’s been over a week since the explosion at the Beirut port in Lebanon, and the damage to the people, economy and the city at large is insurmountable. The extent of the destruction is devastatingly visible in the form of this Audi dealership that’s been reduced to rubble in the aftermath. The image shared by […]

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Retail Asia10/07/2020

Ford Motor Co said its China vehicle sales increased 3 percent in April-June from a year earlier, its first quarterly sales rise in the world’s biggest auto market in almost three years. Ford has been seeking to recover from a slump in sales unprecedented for a major global automaker in China, with sales sinking 26 […]

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Retail Asia30/04/2020

Ford Motor said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but added it had enough money despite the crisis to last the rest of 2020. “We believe the company’s cash is sufficient to take […]

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Retail Asia21/04/2020

Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter. The Dearborn, a Michigan-based company, which lost its investment-grade status in March, raised new funds […]

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Retail Asia15/04/2020

Ford Motor said on Monday it expects to post a pre-tax loss of about $600 million for the first quarter as the coronavirus outbreak pummeled its sales and shuttered vehicle assembly plants, resulting in a 21% drop in vehicle sales to dealers versus the same quarter in 2019. The news sent Ford’s shares down more […]

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Retail Asia17/03/2020

Ford said on Sunday it would shut its Spanish plant in the eastern region of Valencia for one week starting on Monday after three employees tested positive for coronavirus. “We have had three positive cases of COVID-19 in the Ford Valencia plant in the past 24 hours,” the company said, adding it was following protocol […]

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Retail Asia14/01/2020

Ford Motor China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said […]

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Retail Asia13/12/2019

Ford Motor and McDonald’s USA have collaborated to convert coffee bean skins to vehicle parts such as headlamp housing. We all know that the dried skin (chaff) of the bean comes off during the roasting process and it’s this skin that Ford will use to reinforce certain vehicle parts. The company found that chaff can […]

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Retail Asia25/11/2019

The Mustang Mach E electric sport utility vehicle Ford Motor Co 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 has been marred by profit warnings, costly quality problems and the troubled launch this year […]

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Retail Asia12/11/2019

Ford Motor plans to close an engine plant in Romeo, Michigan, as part of a tentative agreement with the United Auto Workers union for a new four-year contract, a source told Reuters on Thursday. The 600 hourly workers at the plant will be offered jobs at a nearby transmission plant or buyouts, a source said. […]

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Retail Asia05/11/2019

Ford Motor Co on Wednesday cut its forecast for operating profit for the year after a disappointing third quarter that Chief Executive Jim Hackett blamed on higher warranty costs, bigger discounts and weaker than expected performance in China. Investors sold off Ford shares, which fell 2.5% to $8.98 in after-hours trading while shares in electric car […]

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Retail Asia11/10/2019

Ford Motor said on Wednesday it will add Austin, Texas, to the shortlist of cities where it plans to launch a commercial transportation service using automated vehicles in 2021. The U.S. automaker previously said it would begin transporting people and goods in automated vehicles in Miami and Washington. Ford’s self-driving system, now being tested in […]

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Retail Asia17/09/2019

Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co’s plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant’s workers. Ford announced in February that it would shut down the plant, its oldest in Brazil, which employs some […]

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Retail Asia06/09/2019

Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the U.S. carmaker tries to stem a decline in sales in the world’s second largest economy. Sales of the joint venture with Chongqing-based Changan Automobile continued to decline in July. […]

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Retail Asia08/08/2019

A Ford plant that produced transmissions in southwestern France shut down for good on Wednesday after the carmaker brushed aside efforts save some operations at the facility that had employed up to 3,600 people. The factory in Blanquefort, outside Bordeaux, was scheduled to close on July 31 but “people arrived this morning and were told to […]

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Retail Asia08/08/2019

Ford Motor Co on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analyst expectations. Virtually all of Ford’s second-quarter pre-tax profit came from North America, its most lucrative market, where highly-profitable pickup trucks drive […]

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Retail Asia31/07/2019

Ford Motor will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the company said on Friday. Ford employs approximately 4,600 workers at the Oakville plant. “We have been arguing as a local for the past several weeks trying to […]

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Retail Asia23/07/2019

US carmaker Ford said Thursday that it plans to slash a total of 12,000 jobs across Europe as part of a previously-announced restructuring, as it closes or sells six plants in Britain, France, Russia and Slovakia in 2019 and 2020. “Ford’s manufacturing footprint in Europe will be reduced to a proposed 17 facilities by the end of […]

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Retail Asia03/07/2019

Ford Motor Co’s majority-owned autonomous vehicle subsidiary, Argo AI, launched its new fleet of self-driving test vehicles – Ford Fusion Hybrid – in Detroit on Wednesday, expanding its presence to five U.S. cities. The new cars are equipped with upgraded sensors, including radars and cameras with higher resolution and range, the company said. The No. 2 […]

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