For 2020, Ford is introducing out a new Mustang-inspired, all-electric crossover vehicle and bringing back the Ford Bronco SUV, which was discontinued in 1996.
Uncommon issues during this year's talks include technological changes threatening traditional union jobs and an ongoing federal corruption probe that has already led to eight convictions.
The talks are expected to be the most contentious in a decade amid "America first" policies from the Trump administration, a tight labor market and thousands of job cuts and cost reductions as the industry prepares for an expected economic downturn.
A large share of the 12,000 new European job cuts will target hourly employees.
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2 automaker $600 million annually.
As millions of Americans begin to signal interest in electric vehicles, Ford Motor says innovating in the EV industry is one of the automaker's top priorities as it prepares to roll out 16 battery-electric vehicles by 2022.
Despite a steep decline in first-quarter profits, investors are turning upbeat on the second-largest domestic automaker, sending Ford shares soaring past the $10 mark for the first time since last August.
April 24- Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley's Tesla Inc. Michigan- based Rivian, founded in 2009, has raised more than $1.5 billion from investors. A company spokesman declined to provide a valuation for the...
April 24- Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley's Tesla Inc. Ford said it will use Rivian's "skateboard"- a chassis that bundles electric motor, batteries and controls- to build a new vehicle for North America.
April 24- Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley's Tesla Inc.. Like Tesla, Plymouth, Michigan- based Rivian has drawn enthusiastic reviews from the motoring press for its trucks...
Ford is building a new plant in Michigan as the company realigns factories to focus on its future lineup of self-driving and electric cars.
Both automakers already have commercial vehicles businesses around the world, and the commercial vehicle segment is expected to grow in the near future.
CNBC's Phil LeBeau sits down with Ford CEO Jim Hackett to discuss the state of the company and what they expect going forward.
Ford CEO Jim Hackett said on a conference call the automaker will begin sharing more information on the plans to redesign the company
Investors and industry analysts have become frustrated by Ford's weak performance and CEO Jim Hackett's lack of details on restructuring plans.
The automaker is suffering from the appearance that it lacks transparency and decisive action.
The automaker's shares fell 3.4 percent Tuesday to close at $8.95, finishing the day under $9 for the first time since August of 2012. The stock is down more than 28 percent so far this year.
BBDO, part of Omnicom, will now run brand advertising, which means it will create overarching big ideas for Ford and its vehicles. WPP's agencies will now have to follow BBDO's creative lead.
The company does not yet know how many jobs it plans to cut. But it expects to have more details by the send quarter of 2019.
From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump's tariffs on U.S. imports are raising their costs and prices.