Ford Motor

Ford is yet to decide on the what it will manufacture in India, Tamil Nadu Industries Minister T.R.B. Rajaa said in an interview to Bloomberg TV. However, he hinted that it could be electric vehicles

World Street | OpenAI unveils SearchGPT; Ford tumbles 18%; Rupert Murdoch succession battle; South Korea to slash inheritance tax, and more

From OpenAI’s new search engine and Ford’s stock plunge to Rupert Murdoch’s succession battle and South Korea’s tax relief, here's a look at recent business developments around the world.

World Street | China tightens the noose on securities, Apple's lawsuit win, DuPont's mega buyback plans and more

From Chinese new set of restrictions and Europe's renewable energy dependence on China to Piedmont Lithium's jobs cuts and Ford Motor's dividend rollout ,here's a look at some of the major developments from across the world.

Ford executive expects software to boost revenue for commercial trucks, vans

Navin Kumar, chief financial officer of Ford Pro, said the automaker would look to boost revenue with software- and data-driven fleet services, safety and security services, partial vehicle autonomy and insurance.

Electric vehicles could match gasoline cars on price this year

The tipping point when electric vehicles become as cheap or cheaper than cars with internal combustion engines could arrive this year for some mass market models and is already the case for some luxury vehicles.

Ford elevates India-born Kumar Galhotra to global president of non-electric auto business

Galhotra – who joined Ford in 1988 - has served in various positions in product development and product strategy.

Ford doubles lightning production as electric truck battle with GM heats up

Ford's announcement comes a day ahead of rival General Motors Co's public introduction of the Chevrolet Silverado electric pickup, which is slated to go on sale in early 2023.

China develops machines that can track data sent abroad by cars

Beijing has been increasingly concerned over the mountains of data amassed by private firms and whether such information could be attacked or misused, especially by foreign states.

Ford Motor to cease local production in India, shut down both plants: Sources

Ford made the decision as it was not profitable for them to continue, said one of the sources, adding that the process will take about a year to complete.

Workers at Ford's Tamil Nadu plant seek halt amid COVID-19 surge

The incident is the latest expression of discontent and reluctance among factory employees in the southern state, home to India's flourishing automobile industry, to work amid a surge in virus infections.

GM profit surges to $2.98 billion on sales of higher-margin trucks

The big profit increase was 12 times larger than the same period last year, when the start of the coronavirus pandemic forced automakers to shutter factories, limiting GM's net income to $247 million.

Ford Motor to donate 50 lakh surgical masks, 1 lakh N95 masks to help fight COVID-19 in India

The company further said Ford Fund is also donating USD 200,000 (around Rs 1.5 crore) to support organisations providing essential COVID-19 relief in India and Brazil.

Joe Biden’s Push for Electric Cars: $174 Billion, 10 Years and a Bit of Luck

The $2 trillion infrastructure plan that he unveiled Wednesday is aimed at tackling climate change in part by spending up to $174 billion to encourage Americans to switch to cars and trucks that run on electricity, not gasoline or diesel. That is a large investment, but it might not be enough to push most Americans toward EVs.

GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns

Keeping small suppliers afloat financially is critical for the automakers as they try to restart North American factories and generate cash from sales of large pickup trucks and sport utility vehicles.

GM, Ford and Fiat Chrysler target May 18 US restart date: Wall Street Journal

General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV are targeting May 18 to resume some production at their US factories after shutting down plants in March due to the coronavirus outbreak

Coronavirus pandemic | Ford, GE to produce 50,000 ventilators in 100 days

Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared by the Food and Drug Administration, can meet the needs of most COVID-19 patients and relies on air pressure without the need for electricity.

Ford's vision for the future: A self-driving car with a delivery robot

Digit, the robot can lift anything that weighs upto 40 pounds and also detect obstacles in its way.

Ford reshuffles US plants to beef up SUV, truck production

The No. 2 US automaker said it will shift 500 workers from one Kentucky plant making crossover vehicles to another that makes its best-selling F-Series pickup trucks, plus the Ford Expedition and the Lincoln Navigator, both large SUVs.

Ford CEO Jim Hackett open to investors in autonomous vehicles but cautious on Volkswagen

Volkswagen's supervisory board is scheduled to meet on Thursday to review a 10-year strategic plan by Chief Executive Herbert Diess that is expected to propose using alliances with rivals to cut development costs for electric and autonomous vehicles and potentially other types of vehicles.

M&M, Ford extend alliance to powertrains, connected mobility

The definitive agreements on powertrain sharing and connected car solutions reinforce the progress made in the strategic alliance between the two companies, first announced in September 2017 and followed up with five agreements in March 2018.

Ford launches self-driving pilot in Miami with Domino's

Ford said on Tuesday it has launched a pilot delivery program in Miami with Domino's, and next month will add goods delivery startup Postmates. The automaker said it is developing a revenue-sharing model with its partners, for whom it will provide fleet-management services.

M&M, Ford enter into alliance; eye joint product development

Under the agreement, teams from both companies will collaborate and work together for up to 3 years to leverage benefits of Ford's global reach and expertise and Mahindra's scale in India, the two companies said in a statement. "Any further strategic cooperation between the two companies will be decided at the end of that period," they added.

Ford setting up joint venture with Zotye Automobile to build electric vehicles

China, struggling with alarming pollution levels in major cities, is aggressively pushing plug-in vehicles and has poured in tens of billions in investment, research funding and subsidies, drawing many new automakers to launch projects.

Ford CEO Jim Hackett reviewing future products, plants, countries: Sources

Hackett, who took over as CEO in May, has told investors he is working on a 100-day review of Ford's operations but has so far provided few details of the process, except to indicate that it is looking at the automakers' luxury vehicle strategy, the future of its small vehicles and investments in emerging markets.

US says 2.7 million additional Takata air bag inflators to be recalled

Takata air bag inflators are already linked to 17 deaths and more than 180 injuries worldwide, and the recalls will eventually cover about 125 million inflators. The auto safety agency said new testing is prompting the recall of some driver-side air bags built from 2015 through 2012.