The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Ford is boosting the limited production of its $400,000 GT supercar to keep up with demand, the company said Thursday.
The Ford GT is the automaker's answer to high-performance sports cars from companies such as Lamborghini, Ferrari, Porsche, McLaren and others.
Orders have been outpacing supply, prompting Ford to up production from the 1,000 GTs it originally planned to make in 2016 to 1,350. The company is also extending its production deadline from 2020 to 2022.
"The response to our Ford GT has been unprecedented, with initial demand outstripping supply by more than six-to-one," said Hermann Salenbauch, director of Ford Performance. "By extending the Ford GT production run for a limited period, we're able to maintain the exclusivity of the ultra-desirable supercar while offering the ownership experience to a greater number of customers."
Drivers simply cannot walk into a dealer and buy one. They have to submit applications, which Ford reviews. The company is reopening the process on Nov. 8 for select markets and will run for the next 30 days. Those who have already applied need to confirm or modify their original applications to be considered.
The car is designed and engineered by Ford and built by hand by Canadian supplier Multimatic. It has a top speed of 216 miles-per-hour and runs on a twin-turbocharged, 3.5-liter EcoBoost V6 engine. EcoBoost is a line of engines Ford has developed that are meant to deliver power while conserving fuel. The body of the car is made mostly with lightweight carbon fiber.
On Oct. 10, Ford recalled about 200 of the cars due to hydraulic fluid leaks that could start fires.