‘Take that Elon Musk.’ Ford’s EV presence increases but so do the prices
In its July sales report, Ford reported a 168.7% increase in EV sales compared to last year. Ford secured 10.9% of the overall EV market after a strong month of EV sales in July. Ford now ranks as America’s second bestselling EV brand behind Tesla, according to Ford. However, Bank of America’s annual “Car Wars” study predicted Ford and General Motors will surpass Tesla in EV sales by 2025. At least four provisions in the version the Senate approved version would negatively affect producers, buyers, and sellers of electric vehicles, according to an AEG report.mlive.com
Ford splits electric vehicles into new division to scale up production to 2 million EVs by 2026
To do so, the legendary car maker is now splitting its electric vehicle division into its own unit. With the increased focus on electric, Ford aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford’s global volume. The internal combustion business, called Ford Blue, will continue apart from the electric division, Ford Model e, but share relevant technology and best practices. The Ford Model e division is looking to compete in the startup market but with the backing of the legacy Ford model. “A lot of our ICE products, those segments are not served well with electric vehicles,” Farley said.mlive.com
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
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 raises some white-collar bonuses after objections to initial plan
Ford Motor Company spent the weekend dealing with an internal crisis over white-collar compensation. After posting a near $18 billion profit for 2021, it turns out the bonus calculations didn’t go over well with many because benefitted senior managers.
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.
US probes complaints that Ford tailgate recall didn’t work
FILE - This Feb. 14, 2019 file photo shows the Ford logo on the front grill of a 2019 Ford Explorer on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. (AP Photo/Gene J. Puskar, File)DETROIT – U.S. safety regulators are investigating complaints that a Ford pickup truck tailgate recall didn’t fix the problem. The National Highway Traffic Safety Administration says it has 11 complaints that a recall of power tailgates on 300,000 Super Duty pickups failed to rectify the issue. The agency says it also has received reports from Ford about unintended tailgate openings after the recall repairs were made. Ford recalled the F-250, F-350 and F-450 trucks in 2019 because the power tailgates could open while being driven.
Flashpoint 12/6/20: Lt. Gov. Garlin Gilchrist discusses findings of study on COVID and minorities
DETROIT – The second surge of the coronavirus is leaving many asking for help from lawmakers in Washington. Garlin Gilchrist which this week released findings on a new study of the virus. Gilchrist was on Flashpoint Sunday and discussed findings of the study. Segment OneMichigan Democratic congresswoman, Elissa SlotkinSegment TwoMichigan Republican congressman, Paul MitchellSegment ThreeLt. Gov. Garlin Gilchrist
Flashpoint 11/29/20: New Ford CEO talks taking over amid global health crisis, major industry shift
DETROIT – For many, the coronavirus pandemic has been a difficult time -- separating loved ones from one another, causing job loss and health scares. For Detroiter Jim Farley, the pandemic has also signaled a significant change in his life: replacing Jim Hackett as CEO of Ford Motor Company. On Sunday, we talked with Farley about what it means for him to take over as CEO in the middle of a worldwide health crisis and a seismic shift in the mobility world. We also talked with leaders of local food banks and how they’re faring amid the pandemic, which has caused food insecurity for many Metro Detroit families. Segment OneNew Ford Motor Company CEO Jim FarleySegment TwoKirk Mayes, CEO of Forgotten Harvest; Gerry Brisson, President and CEO of Gleaners Community Food Bank
Watch Live: Heroes for HOPE Virtual Awards Breakfast
DETROIT – Focus: HOPE’s annual Heroes for HOPE event recognizes community leaders dedicated to social justice through passionate commitment to work reflecting our mission of intelligent and practical action to overcome racism, poverty & injustice, while supporting the organization’s efforts to provide paths forward for many metro Detroiters. This year, due to the ongoing pandemic, Focus: HOPE has moved operations to a virtual setting. “As Focus: HOPE has adjusted operations to continue serving our community through the pandemic and social unrest, we have also found new ways to celebrate the generous support of our community, and all we have been able to accomplish together in 2020.”This year, their two signature events – Heroes for HOPE and Eleanor’s March 4 HOPE – will be completely virtual, with the culminating celebrations taking place during the second weekend of October. Watch the Heroes for HOPE Virtual Awards Breakfast on Oct. 9 at 7 a.m. right here on ClickOnDetroit. (Check back for the video player)The celebration includes a conversation with Corporate Legacy Award Honoree Jim Farley, CEO of Ford Motor Company interviewed by WDIV-Local 4 Anchor, Devin Scillian“It is our hope that, by bringing community members together through the Weekend of HOPE, we will be able to celebrate, reflect, and move forward together through action to support real, positive change in Southeast Michigan and beyond.”Awardees include:Father Cunningham & Eleanor Josaitis Award Dwane CaseyCoach, Detroit PistonsVisionary Award United Way for Southeastern MichiganAccepted by Dr. Darienne Driver Hudson, CEOLloyd E. Reuss Corporate Leadership AwardJim TobinExecutive Vice President, Magna InternationalMore info on the Eleanor’s Virtual March 4 HOPE can be found here.
New Ford CEO replaces CFO, pledges stronger profit margins
He'll be replaced by John Lawler, a 30-year company veteran who has been running autonomous vehicle operations. It also plans to offer more electric vehicles around the globe including a Transit van and F-150 pickups. Ford also plans to add more affordable electric vehicles to its lineup. Reid said Argo software and autonomous vehicle technology would go to other Ford units, including programs to help businesses with logistics. It was pushed into the black by a $3.5 billion accounting gain on the value of its autonomous vehicle operation.
Jim Hackett to retire, COO Jim Farley to take over as president, CEO of Ford
DETROIT Jim Hackett is retiring as president and CEO of Ford Motor Company, and current COO Jim Farley will take his place, the company announced Tuesday. Jim Hackett has laid the foundation for a really vibrant future and we have made tremendous progress in the past three years. I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future, said Bill Ford, Fords executive chairman. My goal when I took on the CEO role was to prepare Ford to win in the future, Hackett said. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.
ClickOnDetroit Morning Briefing -- August 4, 2020
Michigan Primary Election 2020 is today: What you need to knowVoters who havent already voted by mail will head to local voting precincts today to cast their votes in important local races across Southeast Michigan. Spike in COVID-19 cases linked to grad parties in Oakland CountyThe health department says the rising number of coronavirus (COVID-19) cases in the South Lyon area can be traced to summer parties -- specifically graduation and prom parties. There have been 50 new cases in South Lyon alone, which is a rate of 15 cases per 10,000 people. Michigan Secretary of State addresses concerns ahead of primary electionThe Michigan Primary Election is a major test as residents look forward to the general election in November. Michigans Secretary of State said her team is ready for Tuesdays primary election, but she admitted there will be some challenges.
Photos: Ford unveils design of new Bronco Family'
DEARBORN, Mich. Ford Motor Company is unveiling the new design of the 2021 Bronco at 8 p.m. on Monday. Pre-production 2021 Bronco two-door SUV takes its rugged off-road design cues from the first-generation Bronco, the iconic 4x4 that inspired generations of fans. (Ford Motor Company)When properly equipped, Bronco Sport Badlands models can tow up to 2,200 pounds. (Pre-production model pictured.) (Ford Motor Company)Officials say production will begin early in 2021 and the first models will be available at Ford dealerships in the spring.
Ford COO sees three-shift days at some plants as production ramps up
DETROIT Ford expects to have its U.S. factories humming at pre-coronavirus levels by July 6. Many plants reopened working two shifts and have since added production with workers on overtime. He said the company plans to go to three shifts per day at some plants. Ford and the rest of the U.S. auto industry closed factories in mid-March when employees started catching the coronavirus. Ford initially had trouble restarting in Chicago and Dearborn, Michigan, due to employees testing positive for the virus or due to parts shortages.