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FORD MOTOR CO.


Ford found liable in $7M lawsuit over West Virginia woman’s death

CHARLESTON, W.Va. (AP) — A jury in West Virginia has awarded $7 million in a product liability lawsuit against Ford Motor Co. to the family of a woman who died when her Mustang was involved in a fiery crash. A Kanawha County jury made the award this week to the Raleigh County family of Breanna Bumgarner. The jury found Ford was 99% at fault for Bumgarner’s death, the Charleston Gazette-Mai l reported. Ford spokesman Ian Thibodeau said the company will review its options for appealing the verdict. According to the lawsuit filed by the administrator of Bumgarner’s estate, Bumgarner’s 2014 Ford Mustang was hit by a pickup truck that had crossed the center line along U.S. Route 33 near Spencer in March 2016.

mlive.com

Ford recalls thousands of SUVs because engines might catch fire

The Michigan automaker says it doesn't know what's causing fires in 2021 Ford Expedition and Lincoln Navigators.

cbsnews.com

Morning 4: Several Michigan elementary students hospitalized after feeling ill at school -- and more news

Morning 4 is a quick roundup of stories we think you should know about to start your day.

Ford recalls Explorer SUVs that can roll away while in park

Ford Motor Co. is recalling more than a quarter-million Explorer SUVs in the U.S. because they can roll away unexpectedly while shifted into park.

What Ford, a 9-to-5 workweek pioneer, is learning about the hybrid office

Ford, one of the early adopters of the 40-hour workweek, has embraced hybrid work as it brings employees back to its offices.

cnbc.com

Morning 4: Ford Motor Co. cutting 500+ jobs after $3.1 billion loss -- and more news

Morning 4 is a quick roundup of stories we think you should know about to start your day.

Ford Loses $3.1 Billion In First Quarter, Hit By Investment & Chip Shortage

Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup, and its revenue slid as a shortage of chips limited the supply of pickups and SUVs in North...

detroit.cbslocal.com

Ford loses $3.1 billion; cutting more than 500 jobs

Ford has reported a $3.1 billion loss for the first quarter, in large part because of a drop in the value of its investment in an electric-vehicle startup.

Ford loses $3.1 billion, hit by investment and chip shortage

Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup, and its revenue slid as a shortage of chips limited the supply of pickups and SUVs in North America. Company executives pointed away from the loss and toward results that excluded the lower value of its stake in Rivian. Ford said that it made $2.3 billion in pretax profit and is still on track to hit its full-year target for that measurement.

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Ford Begins Production Of F-150 Electric Pickup Truck

According to Ford, the F-150 Lightning will have an estimated range of about 320 miles and the vehicle's pricing starts at $39,947.

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Ford recalls over 650K trucks; windshield wipers can fail

Ford is recalling more than 650,000 pickup trucks and big SUVs in the U.S. because the windshield wipers can break and fail. Ford's F-Series pickups are the top-selling vehicles in the U.S. Documents say malfunctioning wiper arms can reduce visibility and increase the risk of a crash.

news.yahoo.com

Nissan, NASA teaming on "game changing" electric vehicle batteries so stable they could be used in pacemakers, Nissan says

Nissan says they'll be so stable they could be used in pacemakers. The Japanese giant says the all-solid-state battery will replace the lithium-ion battery now in use and promises to charge much more quickly and be lighter yet safe.

cbsnews.com

Ford sales drop 17% from 2021: Which models took the biggest hits

Ford sees sales dip during first quarter as dealers tells stories about barrage of calls from shoppers.

news.yahoo.com

Ford recalls 737K vehicles to fix oil leaks, trailer brakes

Ford is issuing two recalls covering over 737,000 vehicles to fix oil leaks and trailer braking systems that won’t work.

Author talks about dark side of Michigan heroes

Tom Carr, author of "Dark Side of the Mitten," was the latest guest in the Monroe County Museum System's 2022 Online Speaker Series.

monroenews.com

Ford Plans To Produce 1.2M EVs In Germany Over 6 Years

Ford says it will have three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024, part of the automaker's continued push to grow its presence in the EV market.

detroit.cbslocal.com

Why Ford's big EV split decision may get even bigger in the future

Ford's decision to separate its EV business from traditional autos stopped short of a spinoff Wall Street wanted, but that could still be in the future.

cnbc.com

Ford's fork in the road: EV, internal combustion are split

Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology.

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Ford Splits EV, Internal Combustion Into Individual Businesses

Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology and the Detroit automaker said Wednesday that its transformation into an EV company is...

detroit.cbslocal.com

Asian stocks rise after Fed chair supports smaller rate hike

Asian stock markets have rebounded and oil prices climbed after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected.

Ford CEO: No Plan To Spin Off EV Business, But Change Coming

The CEO of Ford Motor Co. says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales.

detroit.cbslocal.com

Ford, battery maker face job requirement for Tennessee plant

A lease agreement says Ford Motor Co. and a South Korean company would have to create more than 5,000 full-time jobs at a planned electric pickup truck factory and battery manufacturing plant in Tennessee or pay back at least part of a $500 million state grant for the project.

Ford, battery maker face job requirement for Tennessee plant

Ford Motor Co. and a South Korean company would have to create more than 5,000 full-time jobs at a planned electric pickup truck factory and battery manufacturing plant in Tennessee or pay back at least part of a $500 million state grant for the project, according to a lease approved Thursday by a regional board. The Megasite Authority of West Tennessee's board of directors voted to approve the lease during a meeting to discuss the $5.6 billion project to build electric F-Series pickups and batteries at a 3,600-acre (1,460-hectare) parcel of land in rural Stanton, northeast of Memphis. Ford, battery maker SK Innovation and Tennessee Gov. Bill Lee announced the project in September.

news.yahoo.com

Get Caught Up: Police begin removing protesters on day 6 of Ambassador Bridge blockade

On Saturday morning, police began moving in to remove Windsor protesters from the Ambassador Bridge area following days of disrupted travel between the U.S. and Canada.

Catch the rise of the Snow Moon on Feb. 16

February's full moon is known as the Snow Moon, and it reaches its peak on Feb. 16. Find out why it's called the Snow Moon and prepare to take some incredible moon shots!

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GM's chip strategy that keeps production running as Ford goes down

GM's leaders told Wall Street it has a strategy this year to protect its production from any semiconductor chip shortfalls.

news.yahoo.com

Ford delivers its first all-electric vehicle made in Kansas City and demand is soaring

“Our employees are very excited about being a part of history,” said the manager of Ford’s Kansas City factory, where the Detroit automaker producers more vehicles than at any other factory on the continent.

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Google teams up with Ford to create research hub at Michigan Central Station

It’s not going to be just Ford moving into the Michigan Central Station when it’s ready.

Ford Rides Accounting Gains, High Prices To Big 2021 Profit

Ford Motor Co. reversed a loss and rode some big accounting changes to post a $17.94 billion net profit last year, even as it battled computer chip shortages that caused factory slowdowns and vehicle shortages.

detroit.cbslocal.com

Google, Ford Team Up To Transform Michigan Central Into Research Hub

Ford Motor Co. announced Friday that Google is joining the automaker's effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles.

detroit.cbslocal.com

Ford rides accounting gains, high prices to big 2021 profit

Ford Motor Co. reversed a loss and rode some big accounting charges to post a $17.94 billion net profit last year.

Ford is set to report results after the bell. Here's what Wall Street expects

Wall Street analysts estimate Ford will post a profit of 45 cents per share in adjusted earnings and $35.5 billion in revenue.

cnbc.com

GM to spend nearly $7B on EV, battery plants in Michigan

General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.

Michigan OKs $824M in incentives for GM’s EV, battery plants

General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.

GM Announces Plans To Spend $7B On EV, Battery Plants In Michigan

General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.

detroit.cbslocal.com

Ford recalls 200K cars because brake lights can stay on

Ford is recalling about 200,000 cars in the U.S. to fix a problem that can stop the brake lights from turning off.

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Stocks making the biggest moves midday: Ford, Snap, Virgin Galactic and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Ford Maverick, Bronco win truck, utility of the year awards

For the second year in a row, vehicles from Ford Motor Co. took two of the three North American Car, Truck and Utility of the Year awards. Honda's redesigned Civic compact car won the car of the year.

news.yahoo.com

Top 10 stories of 2021

COVID was once again the top story of the year in Monroe County.

monroenews.com

Ford launches autonomous vehicle pilot program to deliver fresh food to Detroit seniors

Ford Motor Co. announced a new pilot program that will deliver fresh food to seniors in Southwest Detroit via an autonomous vehicle. The driverless car...

metrotimes.com

Ford pickup remains America's top-selling truck for 45th year, automaker says

While the pickup has topped U.S. sales for decades, retaining the titles this year was particularly notable given an ongoing shortage of semiconductor chips.

cnbc.com

Ford partners with GlobalFoundries to address chip shortage

In an effort to advance auto semiconductor chip manufacturing to address a global shortage hitting the auto industry, Ford has announced a new partnership with GlobalFoundries.

Ford partners with GlobalFoundries to increase chip supplies

The companies on Thursday announced the signing of a nonbinding agreement for a strategic partnership that aims to increase the supply of chips to Ford.

cnbc.com

Subaru Finally Has an SUV That’s Good for the Great Outdoors

The company has moved on from talking about capitalizing on climate change to launching an electric vehicle that might help to mitigate it.

washingtonpost.com

Rivian Automotive, with Ford investment and Amazon contract, goes public

Shares of Rivian Automotive jumped in their debut Wednesday, rising as much as 53% as investors look for the next big winner in the electric vehicle market.

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Rivian Automotive, with Ford investment and Amazon contract, goes public

Shares of Rivian Automotive jumped in their debut Wednesday, rising as much as 53% as investors look for the next big winner in the electric vehicle market.

With high-profile backers, EV startup Rivian goes public

Shares in Rivian Automotive are set to trade publicly Wednesday, and the world should get a better idea of just how hot investors are for the electric vehicle market. Rivian, the EV startup backed by Amazon and Ford, raised at least $10.5 billion in its public offering to help it ramp up production of its trucks, vans and SUVs. It's the latest in what's becoming a long line of companies trying to carve out some of Tesla's dominant market share.

news.yahoo.com

Nightside Report Nov. 3, 2021: MCCA votes to support Whitmer request for auto insurance refunds, giant sequoia tree thrives in Northern Michigan

Here are tonight's top stories.

Ford vaccine mandate: ‘Most’ salaried employees in US have to get it by Dec. 8

Ford Motor Co. is requiring most of its salaried employees in the United States to be fully vaccinated against COVID-19 by Dec. 8 or face unpaid leave.

Tennessee lawmakers OK historic Ford incentive package

Ford Motor Co.’s $5.6 billion facility stands to make a major impact on Tennessee schools, which will be charged with helping prepare workers.

tn.chalkbeat.org

Ford megasite special session detours to mask, vaccine debates

Tennessee schools will be banned from issuing mask mandates if legislators adopt an amendment proposed during a special legislative session.

tn.chalkbeat.org

Sweden's Volvo Cars launches IPO, seeks Stockholm listing

The Chinese-controlled Swedish car maker Volvo Cars will make a return as a listed company after a hiatus of more than two decades following an initial public offering and share listing in Sweden later this month.

Is Ford Investing in the Wrong Type of EV Technology?

Electric vehicles are the future. But lithium-ion batteries might not be the best way to power them.

washingtonpost.com

Ford Motor’s Tennessee plant will need schools’ help to train workers

K-12 educators will be expected to help prepare skilled workers for the historic endeavor that will create 5,800 new jobs.

tn.chalkbeat.org
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Tennessee governor to extend order letting parents opt out of school mask mandates

Gov. Bill Lee said he supports appeals filed by the state attorney in two rulings affecting families in Shelby and Knox counties.

tn.chalkbeat.org

Ford Making Its Biggest Single Manufacturing Investment Ever To Build Electric Vehicle Factories

Ford Motor Co. and South Korea-based energy company SK Innovations are investing $11.4 billion to build two new enormous manufacturing campuses for electric vehicles.

detroit.cbslocal.com

Ford to add 11,000 jobs making electric vehicles and batteries

Automaker will build four factories in Kentucky and Tennessee, marking the company's biggest manufacturing investment.

cbsnews.com

Ford to add 10,800 jobs making electric vehicles, batteries

Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025.

Ford invests in Nevada-based electric vehicle battery recycling company

Ford Motor Co. is investing $50 million in an upstart electric vehicle battery recycling company as the automaker moves to bolster its U.S. battery supply chain.

‘I haven’t smelled anything’: Evacuated Flat Rock family returns home after zone 2 cleared by officials

Weeks after being told to evacuate their homes, some residents in those evacuated areas of Flat Rock finally have the all-clear to go back home.

Ford to add 450 jobs throughout 3 plants to meet demand for F-150 Lightning

Ford said interest in the new F-150 Lightning is so high that it’s doubling down on electric cars. The automaker is now working to increase production.

Ford Adding 450 Jobs To Meet Demand For New Electric Truck

Ford Motor Co. plans to spend $250 million and add 450 jobs at three Michigan plants to meet the demand for the new F-150 Lightning.

detroit.cbslocal.com

Ford to send $500 to households evacuated for factory gas leak

FLAT ROCK, MI – Ford Motor Co. will send $500 checks to every household that was evacuated from a Detroit suburb because of a gas leak from a factory into the city sewer system, The Associated Press reports. It will come to $600,000 for 1,200 displaced households, the report said. Those families were instructed to evacuate on Sept. 5 and could be out of their homes for weeks to come, Flat Rock Mayor Mark Hammond said. Testing of the city’s sewer system and indoor air quality is ongoing. RELATED: Ford plant is source of harmful vapors in metro Detroit sewer, say officialsREAD MORE:Summer shows no sign of ending; See the stretch of 80s comingMichigan woman, 38, dies after crashing into traffic light poleMichigan pizza chain owner sentenced to prison for fraud over PPP loans

mlive.com
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Hammond retires from county post, Mustang production resumes

Hammond retires from county post, Mustang production resumes

monroenews.com

Ford hires exec formerly in charge of Apple's car project

Ford Motor Co. has hired a former Apple and Tesla executive to be the company’s head of advanced technology and new embedded systems.

Ford poaches top tech executive Doug Field who helped lead Apple's top-secret car project

Ford has hired former Tesla and Apple executive Doug Field as its chief advanced technology and embedded systems officer, the company announced Tuesday.

cnbc.com

Ford plant is source harmful vapors in metro Detroit sewer, say officials

FLAT ROCK, MI — Hazardous vapors in the city of Flat Rock sanitary sewer system, which prompted evacuations and emergency declarations this week, have been traced to a Ford Motor Co. assembly plant fuel spill, according to the company and state officials. Hazmat crews began injecting fire suppressant foam into the Flat Rock sewer system on Friday evening in an effort to break down the hydrocarbon bonds and lower their combustibility, according to EGLE spokesperson Jill Greenberg. The area of concern is bounded by Vreeland Road, Cahill Road, Woodruff Road and I-75. Greenberg said the Ford plant, which builds Mustangs in Flat Rock, began inserting specialized plugs into the on-site sewer system and taking other mitigation steps. Anyone smelling a chemical-like odor in Flat Rock should contact the fire department non-emergency line at 734-782-2496 and dial 0.

mlive.com

Ford Chairman Bill Ford’s vision of a greener auto industry is finally on the horizon

Bill Ford has served as the environmental conscience of the auto industry. It's something that until recently was taboo in a business reliant on fossil fuels.

cnbc.com

Ford cuts F-150 pickup production again due to chip shortage

The automaker informed employees Wednesday of the cuts, which also impact production of its larger Super Duty pickups and Expedition SUV.

cnbc.com

Henry Ford Museum’s New Exhibit Celebrates Motorsports

The first stop on Romain Grosjean’s monthlong tour of the United States with his family was the Henry Ford Museum of American Innovation, where his wife had arranged a tour for the race car driver and their three children.

detroit.cbslocal.com

Ford Overcomes Computer Chip Shortage, Posts Surprise Profit

Sky-high sales prices for its pickup trucks and SUVs helped Ford Motor Co. turn a surprise second-quarter profit despite a global shortage of computer chips that cut factory output in half.

detroit.cbslocal.com

Ford overcomes computer chip shortage, posts surprise profit

Sky-high sales prices for pickup trucks and SUVs helped Ford Motor Co. turn a surprise second-quarter profit despite a global shortage of computer chips that cut production in half.

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Ford overcomes computer chip shortage, posts surprise profit

Sky-high sales prices for its pickup trucks and SUVs helped Ford Motor Co. turn a surprise second-quarter profit despite a global shortage of computer chips that cut factory output in half. The automaker warned earlier in the year that it would be hit especially hard by the chip shortage and a fire at Japanese supplier Renesas that manufactures many of its automotive-grade chips, resulting in a second-quarter loss. Ford raised its guidance for full-year pretax income by about $3.5 billion to between $9 billion and $10 billion.

news.yahoo.com

Ford, Argo AI to deploy autonomous vehicles on Lyft network

Ford Motor Co. and a self-driving vehicle company it partly owns will join with the Lyft ride-hailing service to offer autonomous rides on the Lyft network.

Ford, Argo AI To Deploy Autonomous Vehicles On Lyft Network

Ford Motor Co. and a self-driving vehicle company it partly owns will join with the Lyft ride-hailing service to offer autonomous rides on the Lyft network.

detroit.cbslocal.com

Ford says outlook for its 2nd quarter is improving

Ford’s second-quarter outlook is improving, with large numbers of customers making reservations for four of its new vehicles.

New Michigan program puts millions into electric vehicle-charging stations

A new $3 million program will help Michigan businesses switch their fleets to electric vehicles. The "PowerMIFleet" program from Consumers Energy will offer rebates of up to...

metrotimes.com

2021 Ford Bronco heads to dealerships nationwide from Michigan Assembly Plant

The 2021 Ford Bronco is rolling off the line at the Ford Michigan Assembly Plant and the new two-door and four-door Bronco models are on their way to Ford dealerships nationwide.

Man Killed In Austin Mass Shooting Was Visiting From Michigan, Family Says

The man killed in a weekend shooting that left more than a dozen people injured in Austin, Texas, was visiting the city from Michigan, his family said.

detroit.cbslocal.com

Workers find 108-year-old letter in a bottle while renovating Michigan Central Station

It was two years ago that Ford Motor Company began the painstaking process of converting Michigan Central Station into office workspace.

Morning Briefing May 26, 2021: Survey finds many adults lack basic sun safety knowledge, Michigan traffic deaths up 10% in 2020

Here are this morning's top stories.

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Ford raising EV spending to $30 billion, aims for 40% of fleet electric by 2030

Ford Motor Co. is boosting its spending on electric vehicle production by $30 billion as it aims to have 40% of its fleet all-electric by 2030.

Business leaders oppose House-passed cuts to U-M, Wayne State

The fate of the House proposal is unclear as legislative budget negotiations ramp up.

President Joe Biden to visit Ford plant in Dearborn Tuesday, May 18

President Joe Biden is scheduled to visit the Ford Rouge Electric Vehicle Center on Tuesday, May 18 in Dearborn.

President Biden to visit Ford Rouge Electric Vehicle Center in Dearborn

President Joe Biden is scheduled to visit the Ford Rouge Electric Vehicle Center on Tuesday, May 18 in Dearborn.

Ford posts profit, says chip shortage may cut production 50%

Ford posted a surprising $3.26 billion profit in the first quarter, but the company says a worsening global computer chip shortage could cut its production in half during the current quarter.

Ford providing on-site COVID-19 vaccines for employees in southeast Michigan, Ohio and Missouri

Ford employees interested in being vaccinated against COVID-19 can now receive an on-site vaccination at manufacturing facilities in three states. Starting today, Ford is offering the vaccine program to employees in Southeast Michigan, and will provide the shot to employees in the Lima, Ohio, and Kansas City, Missouri, areas as well.

US industrial production warms with the weather, rising 1.4%

American industry rebounded last month as the United States recovered from an unusually frigid February.

Biden sees `win' for US in electric vehicle battery deal

Two big South Korean electric vehicle battery makers said they've settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia.

Will work from home outlast virus? Ford’s move suggests yes

The share of Indeed's job postings that mention “remote work” or “work from home" reached 7% last month, up from just below 3% a year ago. But in some industries, the gains were far more dramatic, including those that haven't traditionally welcomed remote work. “Remote work has become much more accepted.”Ford is just the latest company to allow more work from home after the pandemic. Company executives overwhelmingly report that remote work has succeeded during the pandemic, according to research by consulting firm PwC. About 55% said they envision allowing continued remote work, according to the survey of 133 executives of mostly large companies.

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Will work from home outlast virus? Ford's move suggests yes

The share of Indeed's job postings that mention “remote work” or “work from home" reached 7% last month, up from just below 3% a year ago. But in some industries, the gains were far more dramatic, including those that haven't traditionally welcomed remote work. “Remote work has become much more accepted.”Ford is just the latest company to allow more work from home after the pandemic. Company executives overwhelmingly report that remote work has succeeded during the pandemic, according to research by consulting firm PwC. About 55% said they envision allowing continued remote work, according to the survey of 133 executives of mostly large companies.

Ford tells 30K employees they can continue working from home under ‘hybrid’ plan

The share of Indeed's job postings that mention “remote work” or “work from home" reached 7% last month, up from just below 3% a year ago. But in some industries, the gains were far more dramatic, including those that haven't traditionally welcomed remote work. “Remote work has become much more accepted.”Ford is just the latest company to allow more work from home after the pandemic. About 55% said they envision allowing continued remote work, according to the survey of 133 executives of mostly large companies. An additional 26% said they preferred only limited remote work but recognized that it's become popular with employees.

Take a look inside University of Michigan’s new Ford Motor Co. robotics complex

An aerial view of the Ford Robotics Building at the University of Michigan in Ann Arbor, Mich.ANN ARBOR – University of Michigan and Ford Motor Co. are opening a state-of-the-art facility dedicated to developing robots and roboticists. The Ford Motor Company Robotics Building is on U-M’s North Campus. The building’s fourth floor holds a robotics and mobility research lab for Ford -- the first on any university campus, as well as 100 Ford engineers and researchers. AdA workspace in the Ford Robotics Building at the University of Michigan in Ann Arbor, MI. The atrium of the Ford Robotics Building at the University of Michigan in Ann Arbor, Mich.

Icy weather sends industrial production down 2.2% last month

Severe winter weather pushed industrial production down a sharp 2.2% in February, reflecting a big decline in factory output. The Federal Reserve reported Tuesday that industrial production fell 2.2% in February, reflecting a big decline in output at factories and oil and gas refineries. Industrial production fell 2.2% last month interrupting a string of four positive monthly gains as U.S. factories recovered from the pandemic-induced recession of last spring. Industrial production had been up 1.1% in January and 1% in December. The Fed said that total industrial production in February was 4.2% below the level of February 2002, the month before the pandemic hit with force in the United States.

Spiking energy leads wholesale prices up 0.5% in February

The rise in wholesale prices moderated a bit in February after a record increase in January with both months being hit with higher energy prices. increased by 0.5% last month following a record jump of 1.3% in January. (AP Photo/LM Otero, File)WASHINGTON – Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. Over the past year, wholesale prices are up 2.8%, the largest 12-month gain at the wholesale level in more than two years. Earlier this week, the U.S. reported that consumer prices rose 0.4% in February, the biggest gain in six months, also because of rising energy prices.

U.S. industrial production climbs 0.9% in January

The Federal Reserve reported Tuesday, Dec. 15 that the November gain in industrial output followed an even stronger 0.9% increase in October. U.S. industrial production — which includes output factories, mines and utiliites — rose 0.9% last month on top of increases of 1.3% in December, 0.9% in November and 1.1% in October, the Federal Reserve reported Wednesday. Still, industrial production was down 1.8% from January 2020, reflecting lingering economic damage from the coronavirus pandemic. Manufacturing rose 1% even though auto production was held down by a shortage of semiconductors used in vehicles. Utility output dropped 1.2% on declining production of natural gas.

Ford to cut back F-150 production due to chip shortage

(AP Photo/Gene J. Puskar, File)CHARLOTTE, N.C. – Ford Motor Co. said Thursday that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that has also impacted other automakers. Starting Monday, Ford will cut two shifts at its Dearborn, Michigan, facility, going down to one shift per day. AdFord isn't alone in cutting back production due to the shortage of chips needed to produce cars. General Motors will have downtime at three of its factories — one in the U.S, one in Canada and one in Mexico — due to the chip shortage, starting Feb. 8. Other automakers like Nissan, Fiat Chrysler and Toyota have also been impacted by the chip shortage.

Ford loses $1.28B in 2020, raises electric vehicle spending

FILE - In this Sunday, Oct. 11, 2020, file photo, a row of 2020 sports-utility vehicles pickup trucks sits at a Ford dealership, in Denver. But the automaker said Thursday, Feb. 4, 2021, it is generating strong cash flow and will go all-in on electric vehicles. But the company said Thursday it is generating strong cash flow and will go all-in on electric vehicles. Also contributing were a $610 million government-ordered recall of 2.7 million vehicles with dangerous Takata air bag inflators and a $1.2 billion one-time accounting charge for falling pension-fund values. Despite the increased electric vehicle investment, Chief Financial Officer John Lawler stopped short of matching rival General Motors’ goal of selling only all-electric light vehicles by 2035.

US industrial production jumps 1.6% in December

The Federal Reserve reported Tuesday, Dec. 15 that the November gain in industrial output followed an even stronger 0.9% increase in October. – U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level. Even with those gains, industrial output is still about 3.3% below its level in February before the pandemic hit. Manufacturing increased 0.9%, its eighth straight monthly gain, even as production of motor vehicles and parts declined 1.6%. Mining production rose 1.6%, while utilities' output rose 6.2% as a rebound in December demand followed a 4.2% decline in November due to unseasonably warm weather.

US plants hope to maintain production despite virus threat

But with the nation's COVID-19 death toll eclipsing 300,000 and the virus spiking in communities that surround the plants, industry and union officials say it may be impossible to keep the virus out of factories. Beef and pork production have both been running just below last year’s levels, Iowa State University agricultural economist Lee Schulz said. Gamble said much of the fear has come from misinformation about workers catching the virus in factories, which is not true. During the spring, more than 1,000 of the plant’s 2,800 workers were infected and at least six died. The company has lined up just-in-time freight to get parts to keep plants running, he said.

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