Ford Reports 2% Decline in Sales for 2022
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
The steps Ford is taking now to cut costs and boost revenue could pay off in big dividends in the future.
The president reaffirmed his understanding and willingness to cooperate with South Korea’s concerns.
The facility will further Ford CEO Jim Farley’s goal to build 2 million EVs annually by the end of 2026.
Ford Motor Co. will eliminate 3,000 jobs globally, according to a letter sent to employees Monday.
Two members of the U.S. House of Representatives have launched a bipartisan effort to spur legislative efforts that support self-driving vehicles.
Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
Ford Motor Co. reported nearly a 32% increase in U.S. sales in June, as it improved truck and SUV deliveries and rolled out an all-electric pickup.
General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.
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