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Ford Motors Offers Wage Increases of Up to 25%

Following an intense wage dispute standoff, Ford Motors has offered Canadian worker's union Unifor wage increases of up to 25% as part of a tentative agreement to bring an end to negotiations. Unifor confirmed that its Ford leadership unanimously voted to support the tentative agreement,...

Ford CEO Unveils New Supercar, Provides EV Update

Ford Motors Co unveiled its Mustang GTD at the Monterey Car Week. The new supercar runs on the most powerful V8 engine developed by Ford to date, with CEO Jim Farley commenting that the time has arrived for the American automaker to release a...

Ford Secures Ownership Of Previously-Shut Brazilian Factory Complex

The Brazilian unit of Ford Motors Co confirmed that it has reached an agreement with the government of Bahia state in Brazil whereby the auto manufacturer will receive ownership of a factory complex located in the Camacari industrial park that was shut down in...

Ford Beats Q2 Profit Estimates Amid EV Unit Slump

Ford stock rose on Friday morning after the Detroit-based automaker released stronger-than-expected earnings results for the second quarter. The company raised its full-year profit outlook as a result. Top-line revenue for Q2 was $45 billion, outpacing an expected $40.17 billion and improving 12% from the $37.91...

Ford Slashes Prices of F-150 Lightning EV By Almost $10K

Ford is making its F-150 Lightning electric vehicle substantially affordable for new customers. The company announced price slashes for the truck that saw some models getting cheaper by almost $10,000. The F-150 Lightning Pro EV saw its original price of $59,974 drop to $49,995, while...

Ford Opens Order for F-150 Despite Production Issue

Ford Motor Co stated on Friday that it would look to allow orders for its F-150 Lightning pickup truck to be placed despite hitting a production snag. It was reported by Reuters on Wednesday that some of the units were missing door handles. "While a...