DEARBORN, Mich.— Ford Motor Co. has agreed to pay up to $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago- area plants. The settlement announced this week follows an investigation by the U.S. Equal Employment Opportunity Commission, which says it found evidence that employees at the Chicago Assembly Plant and the Chicago...
DETROIT— The new CEO of Ford Motor Co. says the company isn't taking its eyes off the present as it prepares for transportation in the future. Jim Hackett, who replaced Mark Fields in May, says new mobility projects such as buying a shuttle company and the purchase of an artificial intelligence startup have not taken money from car and truck development.
Argo won the lottery, essentially. What remains to be seen is if Ford made a wise roll of the dice, The Verge reports.
Industrial robots are most common in the home state of auto manufacturers including General Motors, Fortune Reports.
The addition of Fiat Chrylser gives the BMW/Intel team a boost in the race to develop self-driving cars.
Presidential council executives have begun an exodus, with CEOs of Intel and Under Armour following Merck CEO Ken Frazier's decision to quit.
The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week.
Tesla said it intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to ramp up production of its newest electric sedan, the Model 3.
Nomura Instinet lowers its rating for Ford Motor to neutral from buy.
Nomura Instinet says Ford will lose sport utility vehicle sales to General Motors in the coming year.
Some of the names on the move ahead of the open.
Toyota and Mazda are forming a partnership to build a new $1.6 billion assembly plant in the U.S.
Apple adds more value in a single day than the worth of nearly 400 individual S&P 500 companies.
While the Trump administration credits themselves for the record run in stocks, none of Trump's promised business-friendly policies have been enacted as law. Other factors are at play.
Auto dealers across the industry are struggling to move new models as quickly as they would like.
Paul Ingrassia, The Revs Institute editor, and Akshay Anand, Kelley Blue Book executive analyst, discuss the automakers report that showed auto sales declining in July and what it could mean for the industry.
The Dow industrials, up almost 3% in July, has notably diverged from the transports, down nearly 4%.
Fiat Chrysler Automobiles said on Tuesday its U.S. vehicle sales dropped 10 percent in July, to 161,477, as it cut back sales to daily rental fleets.
Both automakers reported numbers weaker-than-expected, reports CNBC's Phil LeBeau breaking down the latest sales figures for Ford Motor and Fiat Chrysler.
A brush with the law has led to an innovative new development on Ford's latest Mustang.