DETROIT—Ford is recalling over 422,000 SUVs in the United States because the image from the rear camera may not be displayed. The recall covers certain Ford Explorers and Lincoln Aviators from the 2020 through 2023 model years, as well as 2020 through 2022 Lincoln Corsairs. All have 360-degree cameras. Some of the vehicles were recalled…
Ford Recalls 310,000 Trucks to Fix Problem With Driver’s Front Air Bag
DETROIT—Ford is recalling more than 310,000 trucks in the United States because the driver’s front air bag may not inflate in a crash. The recall covers certain F-250, F-350, F-450, and F-550 Super Duty trucks from the 2016 model year. The company says dust can accumulate in a cable inside the steering wheel, interrupting the…
Ford Recalls Some Vehicles for Air Bag Inflator Installation
Ford Motor Co. is recalling certain 2004 to 2006 Ranger vehicles because replacement front passenger airbag inflators may have been installed incorrectly. The National Highway Traffic Safety Administration (NHTSA) said in a letter that the recall includes 231,942 vehicles. The vehicles had received replacement front passenger airbag inflators under a previous recall. The NHTSA said…
Ford Posts $1.76 Billion 1Q Profit Largely on Gas-Powered Vehicles
Ford Motor Co. on Tuesday reported profits of $1.76 billion in the first quarter of 2023 that topped Wall Streets expectations, as the automaker’s fleet and legacy operations outweighed growing losses in electric vehicles. Revenue rose 20 percent year-over-year to $41.5 billion for the quarter on a 9 percent increase in vehicle shipments over the…
Ford Sees $1.5 Billion to $2 Billion Restructuring Charges in 2023
Ford Motor Co. expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker’s move to exit unprofitable locations and cut headcount. The charges will be primarily attributable to “employee separations and supplier settlements,” the automaker said, adding…
Ford Cuts Prices of Mustang Mach-E After Tesla Moves
WASHINGTON—Ford Motor Co. is cutting prices on its Mustang Mach-E electric vehicle and reopening orders, the No. 2 U.S. automaker said on Tuesday, the second time has reduced prices this year after a series of price cuts by rival Tesla Inc. Ford said it is also increasing the range for standard-range battery models as it…
Ford Wins Reversal of $105 Million Trade Secrets Verdict
A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co. to pay Versata Software Inc. $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. U.S. District Judge Matthew Leitman said that while Versata Software, which licensed software to Ford from 1998 to 2015, offered sufficient evidence…
GM, Ford Strive to Convince Investors: No Price War With Tesla
DETROIT—Detroit automakers General Motors Co. and Ford Motor Co. will try to convince Wall Street when they release first-quarter earnings this week that they will not be dragged into a price war with electric vehicle maker Tesla Inc.. So far, investors remain unconvinced. Shares in GM are down more than 20 percent from their 2023…
Ford to Convert Ontario Plant Into Electric Vehicle Complex
DETROIT—Ford Motor Co. says it will spend $1.34 billion ($1.8 billion Canadian) to convert an SUV factory in suburban Toronto so it can build next-generation electric vehicles. The roughly 3,000 workers at the plant in Oakville, Ontario, are expected to keep their jobs depending on market conditions, the company said Tuesday. But some production workers…
GM Passes Ford to Take No. 2 Spot in EV Sales Behind Tesla
DETROIT—General Motors rode strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race. But GM’s EV sales of 20,670 were still far below those of industry leader Tesla, which delivered more than 161,000 vehicles in the United States from January to March,…
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