Latest News Updates From Keith Naughton

GovernmentBusinessLogistics

Mexico Tariff Would Have 鈥楽ignificant鈥 Negative Impact, Ford Says

Ford Motor Co. would feel a serious impact if tariffs are levied on the cars, engines and transmissions it imports from Mexico, but a top executive at the automaker expressed optimism the trade dispute can be resolved without lingering damage.

June 6, 2019
Business

Ford Truck Profits Hide Need for More Cuts, Morgan Stanley Says

Ford Motor Co. may need to cut more than the recently announced 7,000 salaried workers to compensate for slowing auto sales, a situation that鈥檚 not readily apparent because its F-Series pickup helped 鈥渃over industry blemishes鈥 with $10 billion in pretax earnings last year, Morgan Stanley said.

May 21, 2019
BusinessTechnology

Ford Slashing 7,000 Jobs as Disruption Sweeps Auto Industry

Ford Motor Co. plans to eliminate about 7,000 salaried jobs 鈥 about 10% of its global white-collar workforce 鈥 as pressures mount on automakers to keep pace with massive technological shifts amid signs global car demand has peaked.

May 20, 2019
GovernmentBusinessLogistics

Trump鈥檚 Tariffs on Chinese Electric Cars Seen Likely to Last

With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the country鈥檚 auto market.

May 7, 2019
BusinessTechnologyLogistics

Ford Partners With Amazon to Enable Package Deliveries

Ford Motor Co. is the latest automaker opening its vehicles鈥 trunks to Amazon.com., entering a partnership to enable delivery of packages directly to millions of Ford and Lincoln models.

April 30, 2019
BusinessTechnology

Ford Partnership With EV Manufacturer Rivian Includes $500 Million Funding

Ford Motor Co. will invest $500 million in Rivian Automotive Inc., aligning the maker of the industry-leading F-Series pickup line with an upstart that鈥檚 electrifying gas-guzzling trucks and SUVs

April 24, 2019
Business

Ford Sees $1 Billion Boon From One Truck Plant Transformation

Ford Motor Co. predicted an earnings boon from converting just one car plant to make trucks and also SUVs. And the automaker said that factory is just the first of many that will pump out more profit.

April 17, 2019
Business

Ford Executives Shift Roles With Mobility Chief Near Retirement

Ford Motor Co.鈥檚 two company presidents are shuffling roles 鈥 with one taking responsibility for the business of today, and the other the approach to tomorrow 鈥 as a third executive prepares to retire.

April 10, 2019
BusinessTechnologyAutonomous

Ford CEO Jim Hackett Tamps Down Expectations for First Autonomous Vehicles

Too much hype has built up about how soon self-driving cars will hit the road, but they will ultimately change the world, Ford Motor Co.鈥檚 CEO Jim Hackett said.

April 9, 2019
BusinessTechnologyAutonomous

Ford Plans $900 Million Bet on Michigan-Made Autos of Future

Ford Motor Co. plans to spend about $900 million and hire about 900 workers to build electric and self-driving vehicles in Michigan, while moving production of a small commercial van to Mexico from Europe.

March 20, 2019