Detroit Bureau on Twitter

Archive for the ‘Ford’ Category

Ford Replacing CFO Shanks with Amazon Veteran

Numerous other changes announced by Detroit automaker.

by on Mar.21, 2019

A 42-year Ford veteran, CFO Bob Shanks had previously signaled his plan to retire.

Ford veteran Bob Shanks is stepping down, with his replacement as chief financial officer coming in from the online community.

The well-regarded Shanks, who spent 42 years at the Detroit automaker, will hand over the ledger to Tim Stone who has been serving as CFO of social media venture Snap. The 52-year-old Stone previously spent two decades at Amazon.

Breaking News!

“Bob will leave a remarkable 42-year legacy at Ford,” the automaker’s CEO Jim Hackett said. “As a CFO, he’s been relentless in driving for results and pushing the company to greater heights. Bob’s leadership was integral to Ford’s comeback during the great recession, and he has been an invaluable partner as we transform Ford to succeed in the next era.”

(more…)

One of Nine Pickups Earns Top Rating in IIHS Crash Tests

Nearly half of the trucks rated marginal or poor.

by on Mar.21, 2019

Ford's F-150 was one of the best performers in the latest IIHS pickup crash tests.

Pickup buyers concerned about safety might be surprised by the results of the latest IIHS crash results that found over half of the nine models scored poorly in at least one of the key tests,  four earning marginal or poor ratings overall.

Of the trucks the IIHS examined, only two earned good ratings, the Ford F-150 and Nissan Titan. And just one 2019 model, the Honda Ridgeline, earned the coveted IIHS Top Safety Pick award – but only when equipped with optional headlights and forward collision prevention technology.

Safety News!

“As a group,” said David Zuby, the chief research officer for the Insurance Institute for Highway Safety, “the pickup class still has a lot of work to do.”

(more…)

Ford Investing $900M in Second EV Plant, AV Facility in Michigan

New operation set to open in 2023, add 900 workers.

by on Mar.20, 2019

Ford is planning to use its underutilized plant in Flat Rock, Michigan, to build electric vehicles starting in 2023.

Ford Motor Co. will invest $900 million in two Detroit-area facilities meant to focus on the cars of the future.

The bulk of the investment, about $850 million, will go to Ford’s now under-utilized Flat Rock facility that will become the automaker’s second source for pure battery-electric vehicles, or BEVs, in the process creating 900 new jobs. The rest will fund what the automaker is describing as an “Autonomous Vehicle center,” where conventional vehicles will be modified to operate hands-free and even entirely without a driver.

Product News!

Ford was one of the earliest of the automakers to focus on battery-based powertrain technology, though it won’t bring out its first long-range all-electric model until next year, a “Mustang-inspired” SUV expected to take aim at the new Tesla Model Y. It will be produced at Ford’s first battery-electric vehicle plant in Cuautitlan, Mexico. (more…)

Ford Increasing Large Sport-Utility Production

Automaker adding 550 jobs to handle increased output.

by on Mar.20, 2019

Ford is increasing the production output at its two sport-utility plants in Kentucky to meet demand for the Ford Expedition and Lincoln Navigator.

Ford Motor Co. is planning to increase production of the Ford Expedition and Lincoln Navigator as both vehicles continue see sales rise in the large SUV segment.

Boosting the production of the Expedition and Navigator after the annual summer shutdown in July will raise the output at Ford’s Kentucky Truck Plant in Louisville, Kentucky. as much as 20% as it puts more pressure on archrival General Motors, which has dominated the full-size SUV segment for nearly 15 years.

Product News Now!

Raising production requires more people to build the two popular vehicles so Ford is adding 550 jobs at the Kentucky Truck Plant and moving approximately that same number of employees from the Louisville Assembly Plant, Ford’s other assembly plant in the state of Kentucky where it builds the new Ford Escape and Lincoln Aviator. (more…)

Mustang Electrified?

Ford counter-programs debut of the Tesla Model Y and hints of a high-performance CUV to come.

by on Mar.15, 2019

“Hold your horses,” or so said Ford Motor Co. in a tweet not-so-coincidentally timed to reach the social media world just as Tesla CEO Elon Musk was getting ready to debut his company’s new Model Y battery-electric SUV.

The Ford post featured that short blurb and a blue version of the Mustang logo against a black background, nothing more. But it does hint at several projects that Ford has already confirmed are in the works. That includes both a hybridized version of the pony car, as well as a Mustang-influenced all-electric SUV that Ford announced during the 2018 North American International Auto Show in Detroit.

Electrifying News!

An early player in the electrification field, Ford has fallen behind not just Tesla but conventional rivals like General Motors and Volkswagen, both investing heavily in long-range, battery-electric vehicles, or BEVs. Ford officials say they are going to make a push to catch up and have confirmed that the first entry into next-gen electric technology would be a performance-oriented crossover tentatively named Mach 1 and due to market about when the Tesla Model Y hits the street about a year from now.

(more…)

Over 70% of Americans “Afraid” to Ride in a Fully Autonomous Car

"The good, the bad and the ugly."

by on Mar.14, 2019

The fatal crash involving an Uber vehicle in Tempe, AZ has negatively shaped many peoples' view of autonomous vehicle technology, AAA found.

Almost exactly a year after an autonomous Uber prototype struck and killed a pedestrian in Tempe, Arizona, a new AAA study finds more than seven in ten Americans “afraid” of riding in a fully autonomous vehicle.

That’s despite the fact that 100s of self-driving prototypes are plying U.S. roads on a daily basis, a number that could soon climb into the tens of thousands if Congress moves to approve proposed legislation designed to help make the technology a part of everyday life. Already, the first self-driving vehicle ride-sharing program has gone into operation, launched last December by Google spin-off Waymo.

Out of this World!

“Automated vehicle technology is evolving on a very public stage and, as a result, it is affecting how consumers feel about it,” said Greg Brannon, AAA’s director of Automotive Engineering.

(more…)

Ford Officials Confirm Looming Salaried Employee Cuts

Numbers of white-collar jobs to be slashed not revealed.

by on Mar.13, 2019

Ford plans to cut thousands of salaried jobs as part of an $11 billion restructuring taking place between now and next year.

With General Motors caught square in the crosshairs by critics chastising the recent salaried job cuts and plant closures, Ford Motor Co. officials may be the next target, confirming today they plan to cut an unspecified number of salaried employees.

The job cuts were announced last year as part of an $11 billion global reorganization. However, no specifics were applied to how many or where they would occur. Ford officials even now won’t confirm how many.

Subscribe Now!

Said Deep, a Ford spokesman, declined to tell Reuters say how many jobs are being cut but said the company expects the process to be completed by the end of June. He said the restructuring “has resulted in some separations of salaried employees and the reassignment of others.”  (more…)

UAW Raising Strike Pay Ahead of Big Three Negotiations

Workers get $250 a week now, up $50 a week.

by on Mar.11, 2019

UAW President Gary Jones said striking workers will get $50 more in their check effective immediately.

In a warning that it was preparing for a fight during contract talks with Detroit’s automakers this coming summer, the United Auto Workers raised the amount it will pay workers, who walk off the job from $767-million strike fund.

UAW President Gary Jones told opening day attendees of the union’s Special Convention on Collective Bargaining said the union’s executive board approved raising the weekly strike pay, effectively immediately to $250 per week from the current level of $200 per week.

Union News!

The strike pay will be raised to $275 per week effective Jan. 1, 2020, said Jones, adding the union’s strike benefits also include health insurance for union members and their families during the duration of any contract dispute that leads to a strike. (more…)

February Auto Sales in China Drop 13.8%

New energy vehicles, i.e. EVs, rose 53.6% last month.

by on Mar.11, 2019

New vehicle sales in China, like the Mazda CX-4, fell during the month of February 13.8%.

Automakers hoping that China might bail them out of sluggish sales in the U.S. are going to be disappointed as sales in the world’s largest market fell 13.8% in February.

The drop is eight consecutive month that China, only just two years ago posting double-digit increases, has seen buyers keep their money in their wallets. Sales fell 16% in January and 13% in December. Overall, 1.48 million new vehicles were sold in China last month, according to the China Association of Automobile Manufacturers.

Business News!

“The trend experienced last year has continued into this year, and the economic situation has also been weak. This has dragged down consumption,” CAAM’s Deputy Secretary General Shi Jianhua told reporters at a news briefing in Beijing. (more…)

UAW Leaders Meet as Prelude to Bargaining With Automakers

Expect tough talks with auto companies.

by on Mar.11, 2019

UAW President Gary Jones will be looking to get feedback from union locals across the country.

The United Auto Workers heads into its bargaining convention this week against tumultuous backdrop that includes suddent plant closing, a grinding federal investigation of the union’s handling of training funds and grumbling among union members, who have made it plain this winter the expect some gains  when the UAW goes to the bargaining table this summer with Detroit’s three automakers.

The resolutions adpted during the meeting will be broad so as not to encumber union bargainers in future negotiations but specific enough to shape the tenor of upcoming  talks not only in the auto industry but also other sectors where the union has members.

News You Can Trust!

“It is an ideal way to get members from a variety of workplaces and backgrounds together and discuss what is important to their fellow workers, their families and their communities,” UAW President Gary Joines said in a new issue of Solidarity, the union’s magazine. (more…)