Ford is cutting 7,000 white-collar jobs

Business 05/20/19, 08:35

Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce.The company has said it was undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.The company ...

Ford to invest $500M in electric vehicle startup Rivian

Business 04/24/19, 08:50

Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings.Ford Motor Co. will become a minority partner in Rivian, which ...

Ford CEO Jim Hackett wants balance, stability on tariffs

Business 04/09/19, 12:17

Ford CEO Jim Hackett says he’s hoping that trade talks now marked by threats of tariffs against imported vehicles result in a framework that brings balance and stability. The chief executive of the country’s No. 2 automaker said Tuesday that businesses ...

Ford CFO Shanks retires; former Snap CFO Stone to take over

Business 03/21/19, 09:23

Ford Motor Co. said its chief financial officer, Bob Shanks, will retire in December, capping a 42-year career at the automaker.The Dearborn, Michigan-based company on Thursday said that Tim Stone will succeed Shanks as chief financial officer. Stone will come ...

VW, Ford team up on pickups, explore electric cooperation

World 01/15/19, 08:04

Volkswagen and Ford say they're forming a global alliance in which they will together develop commercial vans and medium-sized pickups while exploring broader cooperation on battery-powered and autonomous vehicles.Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett said in a ...

Investors seek restructuring details in Ford 3Q results

Business 10/24/18, 14:55

When Ford Motor Co. reports third-quarter earnings Wednesday afternoon, investors will be looking for details on how the company plans to remake itself.Ford CEO Jim Hackett has promised $11 billion in cuts over five years as the company resizes to ...

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