Ford records $2 billion first-quarter loss from shutdown

Apr 29, 2020
The auto manufacturer says its global operations hit the "off" switch, and anticipates higher losses in the second quarter.
A Ford plant in Michigan. The company plans to restart manufacturing in Europe next week.
Bill Pugliano/Getty Images

Automakers roll out incentives to woo uncertain consumers

Mar 24, 2020
Offers include seven-year interest-free loans and no payments for six months.
Automakers are offering deals, like six months of payment deferral, to entice people to buy during the global COVID-19 pandemic.
Carl Court/Getty Images

Tesla's Cybertruck tries to make a dent in a tough market

Nov 28, 2019
Detroit dominates U.S. pickup truck sales. Traditionally it's been hard for newcomers to break in.
Tesla CEO Elon Musk unveils the all-electric battery-powered Tesla Cybertruck.
Frederic J. Brown/AFP via Getty Images

Ford's new Mustang Mach-E electric SUV is CEO Jim Hackett's big bet on the future

Nov 17, 2019
The Detroit automaker is gambling that the combination of an SUV body shape, electric drivetrain, and the Mustang badge, will attract buyers.
Ford's Mustang Mach-E GT.
Ford

It's not easy being a car company — just ask Ford

Sep 10, 2019
Like all automakers, Ford's trying to balance selling profit-making vehicles and preparing for an uncertain future.
The chassis of a 2018 Ford F-150 truck on display at the Los Angeles Auto Show.
Frederic J. Brown/AFP/Getty Images

VW, Ford broaden alliance to autonomous, electric vehicles

Jul 12, 2019
The two automakers will become equal owners of Argo AI, a robocar firm that was majority-owned by Ford, with plans to put autonomous vehicles on the roads in the U.S. and Europe.
Jim Hackett (R), president and chief executive officer, Ford Motor Company, and Herbert Diess, chief executive officer, Volkswagen Group, pose for a picture ahead of a press conference July 12, 2019 in New York City.
JOHANNES EISELE/AFP/Getty Images

Former Chrysler CEO Lee Iacocca has died at age 94

Jul 3, 2019
In his 32-year career at Ford and then Chrysler, Iacocca helped launch some of Detroit’s best-selling and most significant vehicles, including the minivan, the Chrysler K-cars and the Ford Escort.
Lee Iacocca, Founding Chairman of The Statue of Liberty-Ellis Island Foundation, Inc., speaks during the 2004 Ellis Island Family Heritage Awards April 21, 2004 at the Ellis Island Museum in New York City.
Paul Hawthorne/Getty Images

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With Ford plant set to close, Welsh town braces for impact

Jun 27, 2019
Ford’s plan to close a 40-year-old engine factory at Bridgend, South Wales has angered and alarmed the local community.
A Ford drives past the Ford Engine plant, which is set to close in fall of 2020, on June 7 in Bridgend, Wales.
Matthew Horwood/Getty Images

Ford invests $500 million in Rivian EV pickup truck

Apr 24, 2019
Will battery charge pose a challenge?
Rivian Unveils First-Ever Electric Adventure Vehicle Before Its Official Reveal At The LA Auto Show at Griffith Observatory on November 26, 2018 in Los Angeles, California.
Phillip Faraone/Getty Images for Rivian

Why Detroit is going all-in on heavy-duty trucks

Feb 6, 2019
General Motors this week announced plans to build a new heavy-duty Chevy Silverado pickup truck in Michigan as it cut 4,000 jobs.
The heavy-duty chassis of the new General Motors 2020 Chevy Silverado HD is shown at the GM Flint Assembly Plant on February 5, 2019 in Flint, Michigan.
Bill Pugliano/Getty Images