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Ford renews a Detroit train depot in hopes of anchoring a new tech hub

Jun 3, 2024
Ford reportedly invested nearly $1 billion into the once derelict Michigan Central Station, which officially reopens this week.
A view of the newly renovated Michigan Central Station, following nearly $1 billion in investment.
Stephen McGee/Michigan Central

How recalls can affect a company's bottom line — and future sales

Feb 28, 2024
A recent Toyota recall affects more than 280,000 vehicles. But not all recalls are created equal in terms of how they color a company's brand and long-term customer loyalty.
More than 280,000 Toyota SUVs and pickup trucks were recalled over a software issue. But care recalls are actually pretty common.

EV prices are falling, but remain out of reach for many potential buyers

Jul 17, 2023
The industry may need to cut costs to bring down stickier prices.
Ford's F-150 Lightning electric pickup (above) is part of recent price drops in the electric vehicle space.
Spencer Platt/Getty Images

Sales of fully electric vehicles nearly doubled in 2022. Which carmakers came out on top?

Jan 6, 2023
EVs account for about 5% of car purchases, according to automotive website Edmunds. Rivals to Tesla are making inroads.
Tesla still holds an estimated 60% of the EV market, but its share has been declining.
Brandon Bell/Getty Images

Ford announces layoffs amid transition to electric vehicles

Aug 23, 2022
One of America's largest automakers announced that it would cut 3,000 jobs to lower costs amid its shift toward EVs.
Ford announced 3,000 job cuts Monday as the automaker shifts focus to connected and electric vehicles.
Bill Pugliano/Getty Images

The chip shortage is idling Ford plants – and Ford autoworkers

Jul 1, 2021
The automotive business has its ups and downs, but union contracts protect workers from big pay cuts.
A Ford worker at an F-150 truck plant in Michigan.
Bill Pugliano/Getty Images

Companies moving to hybrid workplaces will face new challenges

Apr 15, 2021
Big companies like Ford, Target and Microsoft plan to have some workers on-site, some remote. Those on-site may gain advantage, experts say.
Big companies moving toward a hybrid workplace model, like Microsoft, should ensure  that their in-person and off-site employees are treated equitably.
Jeenah Moon/Getty Images

For public good, not for profit.

Ford is latest automaker to cut production due to microchip shortage

Jan 11, 2021
When the pandemic first hit last spring, auto plants shut down and carmakers curbed semiconductor orders.
The Ford factory in Louisville, Kentucky, in 2017. The plant recently had to shut down due to a shortage of semiconductors.
Bill Pugliano/Getty Images

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 worker at an F-150 truck plant in Michigan.
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