Ford released its second-quarter earnings results, setting a new record with $50.2 billion in revenue, but it wasn’t enough to keep it out of the red. The company recorded a net loss of $36 million. Get the rest of the numbers at Headlight.News.
Ford CEO Jim Farley
Chinese Automakers Pose a Growing Risk – But So Do Tariffs and a Shortage of Skilled Workers, Warns Ford CEO Farley
Chinese domestic automakers are becoming a major threat as they gain acceptance around the world with new, low-cost products, Ford CEO Jim Farley warns. But that’s not the only challenge facing Ford and other traditional manufacturers – particularly those in the U.S. There are Trump’s tariffs, for one thing, as well as a shortage of the skilled workers automakers depend on. More from Headlight.News.
Ford Halts Development of Next-Gen Electrical Architecture as Costs Balloon
The race to build the next generation of electrical architecture is competitive and expensive. Ford Motor Co. appears to be throwing in the towel due to escalating costs and ongoing delays. Find out more at Headlight.News.
Ford Reports Record Full-Year Revenue with “Solid” Q4 Results
Ford turned around its fourth-quarter earnings, moving from a loss to $1.8 billion in net income, pushing the company to a new benchmark for full-year revenue of $185 billion. The automaker also forecast lower earnings for 2025. Get details at Headlight.News.
Ford Looks to Address Quality Issues with New Leader
Ford Motor Co.’s been fighting what appears to be a losing battle with quality issues — and the massive costs that come with them — for the past several years. CEO Jim Farley’s acknowledged the problem and is now making moves to improve it. He’s moving the current quality chief to a new role and hiring a new one.
Ford Powers Promise of EVs by Offering Free Home Chargers
Ford CEO Jim Farley announced plans today to offer free home chargers and installation to buyers of the company’s slow-selling electric vehicles. Farley took to LinkedIn to outline the company’s newest incentive, the Ford Power Promise, to sell EVs while continuing to show his advocacy for them. Get details at Headlight.News.
Ford Revises EV Plans, Dumps 3-Row SUV, Delays Next-Gen Pickup
Ford officials revealed the company’s plan to adjust the production timing of its future electric vehicles as well as other future product changes. The moves are designed to improve the company’s profitability while ensuring it hits its long-term environmental goals. Find out more at Headlight.News.
Ford Tops Wall Street’s Q1 Earnings Estimates
Ford offered up good news with its first quarter earnings report, beating analysts’ estimates, although falling short of last year’s net income and margin numbers for the same period. Find out more about the company’s results at Headlight.News.
Ford Delays Production of Electric SUV, Readies More Hybrids
Ford mirrored the push by several other automakers to delay production of its electric vehicles, by pushing back its anticipated all-electric SUV and next-generation electric pickup truck. It also revealed plans to grow its hybrid offerings to meet growing demand for them. Find out more at Headlight.News.
UAW Chief Fain Blasts CEO Farley for Comments on Ford’s Future
UAW President Shawn Fain clapped back at Ford CEO Jim Farley after the automaker’s chief expressed disappointment in the union’s decision to strike Ford and concern about how it may change the relationship between the two. Fain suggested it may be time for the automaker to get a different CEO, among other things. Find out more at Headlight.News.
Farley Trying to Change Perception EV-Related Job Losses
Ford CEO Jim Farley and UAW President Shawn Fain are pointing fingers at one another as the strike by hourly workers continues, in part, due to potential job losses resulting from the shift to electric vehicles. Read the story at Headlight.News.