Ford swings to $3.3B net profit in Q1, warns of 50% cut in Q2 output
Ford lowered the top end of its full-year guidance, with the semiconductor shortage costing an estimated $2.5 billion. The company now expects to lose 1.1 million units of production throughout 2021......»»
Ford tells dealers to halt EV investments while it alters certification program
The automaker plans to work with its dealer council in the coming weeks to make changes in response to feedback from a series of nationwide dealer meetings......»»
Vietnam urges Apple supplier Foxconn to cut power use by 30% amid energy concerns
Vietnamese officials have asked Apple supplier Foxconn to voluntarily reduce power usage by 30% at its northern assembly plants to prevent power shortages like last summer, which led to over a billion dollars in lost output. more….....»»
Five years on, Carlos Ghosn saga brings Nissan profit boost, new hearing for Greg Kelly
The Carlos Ghosn scandal continues to reverberate, as this month Nissan booked an unexpected profit windfall thanks to a favorable court ruling that followed the stunning corporate saga......»»
Ford seeks improved communication with new supplier program
The automaker has abolished its long-standing Aligned Business Framework, which prioritized some preferred suppliers, to focus on better communication with a more diverse group of parts makers......»»
Tesla"s March registrations fall 12% as rivals gain EV share, U.S. data shows
Overall, registrations for battery-electric vehicles rose 3.8% in March compared with the year-earlier month. Ford, Hyundai and Kia gained significant share in the EV segment, S&P Global Mobility said......»»
Ford issues "call to action" for EV suppliers
Ford's memo offers a look into how heavily the automaker is leaning on suppliers for help with EVs. It comes even as many of those suppliers grapple with dramatically lower volumes and production delays......»»
Ford built its own rallycross course to test newest Mustang Mach-E variant
Ford turned a grassy field at its sprawling Michigan Proving Grounds to create a series of winding dirt paths it used to torture test the Mustang Mach-E Rally......»»
Tesla Cybertruck beats Rivian R1T in March registrations, but Ford leads in EV pickups
In its fourth month on sale, the Tesla Cybertruck had 1,158 registrations versus the Rivian R1T's 548. The Ford F-150 Lightning led the EV pickup segment with 2,893, S&P Global Mobility data showed......»»
Soy biodiesel byproduct could enhance 3D printing industry
In a development that could advance the 3D printing industry, researchers at the University of Louisville have discovered a way to transform a significant waste output from soy biodiesel plants into a valuable resource......»»
"Free" delivery plans can profit both retailers and customers
In March, Target became the latest mega-retailer to offer "free" delivery—for a price. For $99 a year, subscribers to Target Circle 360 can place unlimited orders without having to worry about shipping costs. Target competes with similar plans offe.....»»
Profit, rules or values: Skills that lead to success on the labor market
There is no specific set of skills that university graduates need in order to be successful professionally. Rather, the required skills vary according to different areas of the labor market and their specific requirements......»»
Ford offers laid-off Canada workers "preferential" placement at Windsor plants
Ford Canada is offering “preferential” placements to several dozen laid-off workers in Oakville, Ont., who are willing to relocate as vehicle production ceases for a prolonged period that could last up to 3½ years. .....»»
Linamar"s Q1 earnings an "excellent" start, but CEO warns of delays to EV programs
Canadian auto supplier Linamar recorded double-digit growth on both its top and bottom lines in the first quarter of 2024 as volumes bounced back from a slow comparable period a year earlier......»»
Need a cheap soundbar? You can’t beat this $99 LG deal at Walmart
The LG SPM2 2.1-channel soundbar is available from Walmart for an affordable price of $99, so you don't have to spend much to improve your TV's audio output......»»
NHTSA probes 200,000 Ford Super Duty trucks for risk of fire
NHTSA said it received 27 complaints alleging diesel fuel leaks due to a "fracture in the secondary fuel filter housing." The proximity of the secondary fuel filter to high heat sources could result in fire, NHTSA said......»»
Ford hires former Lucid exec Sherry House as incoming CFO
Ford is promoting CFO John Lawler to vice chair, focusing on strategic development, global partnerships and engagement with global leaders......»»
Dell warns of “incident” that may have leaked customers’ personal info
Notification follows claim of compromised database with 49M Dell customers' data. Enlarge (credit: Getty) For years, Dell customers have been on the receiving end of scam calls from people claiming to be part of the comp.....»»
Nearly 25% of Ford F-150s built are now hybrids, CEO says
The F-150 is a key pillar of Ford's hybrid strategy, which is gaining importance amid slower-than-expected demand for EVs......»»
U.S. agency raises safety concerns on Ford crossover fuel leak recall
The National Highway Traffic Safety Administration (NHTSA) said last month it was investigating the adequacy and safety consequences of Ford's proposed recall remedy for 2022-2023 model year Bronco Sport and 2022 Ford Escape SUVs with 1.5L engines......»»
Ford rethinks 2030 goal to go all-electric in Europe
Ford could continue to sell combustion engine cars in Europe after 2030. Originally the automaker planned to sell only battery-electric cars in the region by the end of the decade......»»