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Ford announces 4k job cut in EU amid 'highly disruptive' EV emissions standards

The move is part of a wider restructuring programme, which will see 4,000 posts closed across Europe.

The National Highway Traffic Safety Administration hit Ford with the second-largest civil penalty in its history, saying the automaker failed to recall vehicles in a timely manner.

Regulators want to give more time to car dealers potentially facing a deluge of mis-selling claims.

The EV market could get a huge influx of cheaper cars — but not fresh from the factory. In its latest EV intelligence report, consumer research firm J.D. Power projects that a massive amount of EVs returning off leases in the US will provide a large supply of EVs for sale.

The president-elect has said he could impose tariffs as high as 200 percent on car imports from Mexico, a move that could hurt factories and workers on both sides of the border.

Ford said it will temporarily pause production of the electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs, as the company continues to reassess EV plans.

The gap between the average price of a new vehicle compared to a used car topped $20,000 for the first time last quarter, according to data from auto shopping guide Edmunds.

Investors absorbed a fresh rush of earnings and waited for Alphabet to lead in the week's Big Tech results.

Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.

Ford reported third quarter earnings after the bell on Monday, beating on revenue but bringing down its full-year profit forecast to the lower end of its range.

Investors absorbed a fresh rush of earnings and waited for Alphabet to lead in the week's Big Tech results,

Workers are also unhappy about changes to their contracts.

Stocks notched a winning session on Monday.

Ford reported third quarter earnings after the bell on Monday, beating on revenue but bringing down its full-year profit forecast to the lower end of its range.

American consumers are voting with their dollar at car dealerships nationwide, where both average car costs and average insurance rates have spiked in 2024.

It is also proposed that under-21s could lose their licences for not wearing a seatbelt.

According to Cox Automotive’s Kelly Blue Book, EV sales jumped 11% year over year to just over 346K new EVs sold. It also said that EV sales rose 5% sequentially.

Entrepreneurs once flocked to Motor City to build cars. Now, they’re building its mobility future.

The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.

The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.

A report released by Strategy Risks reveals which U.S. companies are more vulnerable to risk due to their high levels of exposure to China amid tense geopolitical relations between Washington and Beijing.

The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.

The looming strike by about 45,000 ILA dockworkers at ports on the East and Gulf coasts would affect a variety of products imported and exported at the 36 seaports at risk of stoppages.

Federal officials acknowledged that few Chinese vehicles were on U.S. roads now, but said that the administration wanted to take proactive measures to strengthen national security.

The Federal Reserve cut interest rates for the first time in four years on Wednesday, which will directly impact auto loan rates -- but don't expect a big change anytime soon.

Here’s what lowered interest rates will mean for your car loans, credit cards, mortgages, savings and student loans.

In another blow to America’s EV transition, buyers are balking at purchasing a new EV.

Americans base their outlook for inflation on gas more than anything else. An EV-powered future might make this less of a problem for the Fed.

The move comes after similar announcements, including in the US and European Union.