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DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the company announced Monday. The Detroit automaker said most of those charges will occur during the fourth quarter. That will be followed by $5.5 billion in […]
Ford has been unable to fill some 5,000 openings for mechanics despite offering a salary of $120,000 a year — prompting the company’s chief executive to warn of a dire shortage of skilled tradespeople in the US. “We are in trouble in our country. We are not talking about this enough,” Ford CEO Jim Farley […]
Ford shares soared 12% Friday after the automaker reported strong earnings – with President Trump quick to boast that his latest tariff tweaks boosted the results. After selling more pickups and SUVs than expected in the third quarter, Ford’s automotive revenue hit $47.19 billion, beating estimates of $43.08 billion. Trump took to social media to […]
A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — “A lot of cost and a lot of chaos.” That’s how Ford Motor CEO Jim Farley described the state of the automotive industry earlier this year amid geopolitical tensions, tariffs, inflation and other disruptions. All those factors created […]
Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Sales of electric vehicles and large SUVs drove Ford Motor‘s third-quarter sales up by 8.2%, the Detroit automaker reported Wednesday. Ford said sales of all-electric vehicles increased by 30.2% during the […]
Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target starting price of $30,000, the company said on Monday, as it aspires to the cost efficiency of Chinese rivals. The new midsize four-door pickup will be assembled at the automaker’s Louisville, Ky., […]
Ford Motor reported second-quarter revenue that beat expectations Wednesday, and reinstated its full-year guidance, which includes an estimated net $2 billion hit from tariffs. The automaker suspended its full-year guidance in May due to President Donald Trump’s auto tariffs. At that time, Ford predicted a $2.5 billion impact from tariffs this year but said it […]
The Ford Motor Company announced it is recalling over 200,000 vehicles because of a software malfunction that can cause rearview cameras to fail, increasing the risk of a crash and possibly injury. According to a recall notice posted by the National Highway Traffic Safety Administration (NHTSA), the vehicle manufacturer is recalling 200,061 vehicles, including certain […]
Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit. Their proposal would also put new restrictions on other tax breaks […]
President Trump’s stiff tariffs on foreign auto imports will cost US carmakers nearly $108 billion — with Detroit’s Big Three getting slammed the hardest despite having plants in the states, according to a study. The 25% tax on foreign auto imports and parts, which went into effect April 3, is expected to impact 17.7 million […]
