Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor were included in the first batch of new export licences issued by Beijing to boost shipments and reduce shortages of the vital components, the carmaker said on Wednesday.
Ford CEO Jim Farley acknowledged the automaker is in “a fight for our lives in our industry” as it seeks to remain competitive in Europe amid pressure from Chinese competitors. One of its weapons to stave off those threats is a partnership with French automaker Renault Group.
Ford Motor Co. (NYSE: F) stock is up 33% this year, and General Motors Co.
Renault will jointly develop small, cheaper electric vehicles for Ford for the European market and will also team up to produce commercial vans to cut costs and fend off rising competition from Chinese rivals, the companies said on Tuesday.
The French carmaker will build two entry-level electric vehicles, part of a relaunch of Ford's embattled European business.
The Trump administration's proposal to roll back Biden-era vehicle fuel efficiency standards may save automakers in the U.S. tens of billions of dollars and potentially lower upfront purchase costs for American car buyers.
F recalls nearly 109K Escape vehicles after issues with liftgate hinge covers resurface, prompting inspections and fixes across multiple model years.
The S&P 500 is trading near its all-time high, propelled by relentless gains from the artificial intelligence (AI) boom.
The recall includes certain 2020-2022 Escape and 2025 Escape vehicles, according to the National Highway Traffic Safety Administration.
Ford has recalled 108,762 vehicles in the U.S. over issues with an improperly secured liftgate hinge cover that could detach from the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
New fuel economy standards under Trump will help automakers build what Americans want: affordable vehicles instead of expensive electric cars for consumers.
F's EV sales plunge more than 60% in November after a key tax credit expired, even as hybrids rise and the company pivots to smaller future models.