DETROIT — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct. 1, replacing Jim Hackett, who will retire after three years at the helm....
Business Fallout: Nike Cites Jump in Online Sales in China
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments from Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill. The...
Automakers Shut North American Plants Over Coronavirus Fears
DETROIT — Concerns about the spreading coronavirus forced most of North America's auto plants to close, at least temporarily. Ford, General Motors, Fiat Chrysler, Honda, and Toyota said they would shut down all factories in the region, citing concerns for employees who work in close quarters building automobiles. Nissan will...
Ford Mustang SUV Starts a Blitz of New Electric Vehicles
DEARBORN, Mich. — Ford is unveiling its first all-electric SUV, marking the start of an avalanche of battery-powered vehicles coming from mainstream and luxury automakers during the next two years that industry analysts say will boost electric vehicle sales. The “Mustang Mach E,” which will go 230 miles to more...
760 HP: Most Powerful Street-Legal Mustang Ever is Coming
DETROIT — The most powerful street-legal Ford Mustang ever built will go on sale this fall. A 5.2-liter supercharged V8 will crank out 760 horsepower in the 2020 Shelby GT500. The new version has a beefed-up suspension and brakes. It also has a seven-speed automatic transmission that Ford promises will...
Lee Iacocca, Engineer of Chrysler's Turnaround, Dies at 94
DETROIT — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air. He was 94. Two former Chrysler executives who worked with him, Bud...
Seeing a Rough Road Ahead, Ford Cuts 7,000 White-Collar Jobs
DETROIT — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. The major revamp, which had been under way since last year, will...
High Tech Vest Makes Physical Work an Easier Lift
FLAT ROCK, Mich. — Ford Motor Co. and other manufacturers want to help their workers take a load off. Or at least make it easier to lift a load up. Ford is among several companies providing wearable technology to elevate and support their workers' arms. Nicholas Gotts wears an EksoVest...
More US Corporate Giants Warn Tariffs Will Mean Price Hikes
DETROIT — From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump's tariffs on U.S. imports are raising their costs and prices. Jim Hackett, CEO of Ford, the second-largest U.S.-based automaker, said Wednesday that Trump's taxes on imported steel...
Here's How the Ford F-150 Became the King of Cars
In April, Ford announced that it will be phasing out nearly all of its passenger cars in the United States. If all goes according to plan, 90 percent of Ford’s portfolio in North America will be trucks, SUVs and commercial vehicles. Its F-150 – the most popular vehicle in America...