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☆ US expands, upgrades probe into 708,000 Ford SUVs, trucks over engine failures
▼ + stars: | 2023-10-02 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Slideshow ( 2 images )WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading and expanding its investigation into 708,000 Ford Motor sport utility vehicles and trucks over catastrophic engine failures tied to a faulty valve. The investigation covers 2021 and 2022 model year Ford Bronco, Edge, Explorer, and F-150 and Lincoln Aviator and Nautilus vehicles. A Ford spokeswoman said the automaker was working with NHTSA to support their investigation. NHTSA said it had reports of 328 customer complaints and 487 warranty claims relating to the vehicles under investigation. Ford added it believed “defective intake valves commonly fail early in a vehicle’s life and has suggested that the majority of failures have already occurred.”

Persons: Ford, Ford “, ” Ford, ” Organizations: Traffic Safety Administration, Ford Motor, Ford Bronco, Lincoln Aviator, Nautilus, NHTSA, Ford Locations: WASHINGTON

DETROIT (AP) — Ford Motor Co. said Monday that it's pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. Earlier this year Virginia dropped out of the race for the same Ford plant after Republican Gov.

Persons: —, Ford, Marshall, TR Reid, ”, Shawn Fain, Sarah Lightner, Ford “, “, ” Lightner, Sam Abuelsamid, Abuelsamid, Biden, Glenn Youngkin, Joey Cappelletti, David Koenig Organizations: DETROIT, — Ford Motor, United Auto Workers union, UAW, Ford, Detroit, General Motors, EV, Amperex Technology, . Ltd, Republican State Rep, Guidehouse, Republican Gov, Chinese Communist Party, ____ Associated Press Locations: Michigan, Marshall , Michigan, Detroit, Marshall, China, U.S, Virginia, Lansing , Michigan, Dallas

☆ Ford’s boss evokes empty threats in union battle
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble Acquire Licensing RightsNEW YORK, Sept 15 (Reuters Breakingviews) - Ford Motor (F.N) boss Jim Farley is breaking out the "B" word. In a Thursday interview with CNBC, Farley said that pay-rise demands from the United Auto Workers would have driven Ford “bankrupt” if implemented back during 2019 contract negotiations. For now, using “bankrupt” and “Ford” in the same sentence seems like an empty threat. Even in the event of a prolonged strike, Ford has a buffer. The company is sitting on $10 billion of cash net of debt and $47 billion in total liquidity.

Persons: Phil Noble, Jim Farley, Farley, “ Ford ”, Ford, wishlist, Jonathan Guilford, Lauren Silva Laughlin Sharon Lam, Aditya Sriwatsav Organizations: Ford, REUTERS, Reuters, CNBC, United Auto Workers, General Motors, X, Thomson Locations: Liverpool, Britain, North America

☆ Ford’s EV losses climb but overall profits rise
▼ + stars: | 2023-07-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

Automotive revenue rose 12% to $42.4 billion, $2 billion more than forecasts. And those losses are going to rise, at least in the short term. In response, other automakers, including Ford, have responded with EV price cuts of their own. The current contract between the UAW and the “Big Three” unionized US automakers — Ford, General Motors and Stellantis — expires on Sept. 14. “When it comes to building in America and partnering with UAW, Ford stands out from all the other automakers, and most other major industrial companies,” he said.

Persons: Ford, EVs, Tesla, Jim Farley, ”, Farley, “, John Lawler, —, Sean Fain, Fain, ” Fain Organizations: New, New York CNN, Refinitiv, Ford, Ford Blue, Ford Pro, United Auto Workers, UAW, — Ford, General Motors, SK, GM, EV, Blue Locations: New York, America, EVs, Korean, American

☆ Harrison Ford makes his Marvel debut on set of newly named ‘Captain America: Brave New World’
▼ + stars: | 2023-06-06 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Harrison Ford is officially in Marvel mode. On Tuesday, actor Anthony Mackie, who stars as Captain America in the next installment of the Marvel Cinematic Universe (MCU) “Captain America” franchise, shared a photo of himself hanging out with Ford on set. The retitling, from the previous name “Captain America: New World Order,” was also announced in an email from Disney on Tuesday. Ford is taking on the role of Thaddeus ‘Thunderbolt’ Ross, previously portrayed by William Hurt in 2008’s “The Incredible Hulk,” followed by numerous MCU films including 2016’s “Captain America: Civil War” and “Avengers: Infinity War” in 2018. It’s the first time that Ford has been pictured on the set of the new MCU movie.

Persons: CNN — Harrison Ford, Anthony Mackie, America, Harrison Ford, ” Mackie, Ford “, ”, Ford, Thaddeus ‘ Thunderbolt ’ Ross, William Hurt, Hurt, Indiana Jones, “, ” Ford, I’ll, Sam Wilson, Sebastian Stan, Mackie, Captain America, Chris Evans, Steve Rogers Organizations: CNN, Marvel, America, Ford, Disney, “, Hollywood Locations: America

☆ ‘Indiana Jones and the Dial of Destiny’ Premieres at Cannes: First Reaction
▼ + stars: | 2023-05-18 | by ( Manohla Dargis | ) www.nytimes.com time to read: +1 min

On Thursday, Harrison Ford stood before a rapturous crowd at the Cannes Film Festival and reminded us that Tom Cruise isn’t the last movie star. That history was on display in a snappy, coherently edited homage that got the evening started. In the late 1960s, Demy had wanted to cast the then-unknown Ford in “Model Shop” but couldn’t convince the studio to hire him. Demy settled for another actor, but he and Varda remained friends with Ford. Rather anticlimactically, Frémaux also presented Ford an honorary Palme d’Or.

☆ Ford to lose $3 billion from EV sales to consumers this year
▼ + stars: | 2023-03-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Ford (F) said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the profit targets it set for this year of between $9 billion and $11 billion. Ford said those EV losses and the overall profit both come before expenses from interest and taxes. “Ford Blue” is the segment for consumer vehicles with internal combustion engines (ICE) and hybrid vehicles, “Ford Model e” is the segment for EVs, and Ford Pro for commercial vehicles, including both ICE and EVs. Last year it had earnings before interest and taxes of $6.8 billion from Ford Blue, $3.2 billion from Ford Pro, in addition to $2.7 billion from Ford Credit, which covered the losses from last year. It expects to make about $7 billion from Ford Blue and $6 billion from Ford Pro this year, although profits from Ford Credit are expected to fall by about 50% to $1.3 billion.

☆ Ford Mustang Mach-E has a mile of wires it didn't need. That's a big deal
▼ + stars: | 2023-02-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Ford CEO Jim Farley was rather blunt about the problems that Ford experienced as it rolled out its hot EV models, the Mustang Mach-E and the F-150 Lightning pickup. While both vehicles have a long list of waiting customers, Farley admitted that Ford encountered numerous problems with their production. They resumed last year, but GM ended up with total US EV sales of just under 40,000. In 2022 Ford’s US EV sales came to just under 62,000, roughly a tenth Tesla’s US sales that year. That means about 600,000 US Tesla sales for the year.

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