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Ford recalls 1.9 million vehicles over rear-view camera

Ford is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said today.

Business • 09 Sep

The owners of Ford Kuga PHEV plug in hybrid vehicles have been told not to charge them for now

Ford warning Kuga PHEV owners not to charge their cars

Ford is warning Ford Kuga plug-in hybrid owners in Ireland not to charge their vehicles until a software update is ready to fix technical issues with the battery in some cars.

Business • 13 May

Ford CEO Jim Farley said that car makers with the largest US footprint will have a big advantage.

Ford warns of $1.5 billion hit from Trump's tariffs

Ford Motor has suspended its annual guidance because of uncertainty around US President Donald Trump's tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes.

Business • 06 May

Ford said the 4,000 job cuts would be primarily in Germany and the UK

Ford to cut 14% of European jobs

Ford said today it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition.

Business • 20 Nov 24

The Cork Ford business is the only Ford company left to retain the full title Henry Ford & Son Ltd

Pre-tax profits at Cork-based Henry Ford & Son double

Pre-tax profits at the Irish arm of car-maker Ford last year more than doubled to €3.6m.

Business • 23 Oct 24

Ford's shares dropped 11% in after-hours trading in New York on Wednesday, and its Frankfurt-listed shares fell 8% on Thursday.

Ford slips as higher costs, EV unit take a toll on profit

Ford Motors' shares tumbled over 13% to a near six-month low today after the automaker missed second-quarter profit estimates, as it struggles with quality-related costs and stiff competition in its EV business.

Business • 25 Jul 24

Stellantis said that last year's strikes had cost the group almost €750m in terms of profitability and around €3 billion in terms of revenue

Stellantis operating profit down 10% in H2 due to strikes

Stellantis has today warned of a turbulent year ahead after its operating profit fell 10% in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse.

Business • 15 Feb 24

As 2023 ends, legacy car makers as well as Tesla, Rivian and other EV startups are throttling back investments and reworking product strategies

Bold EV strategies took a punch from reality in 2023

2023 was the year the auto industry's race toward an all-electric future took a detour.

Business • 29 Dec 23

The sale of Ford models was flat last year against the background of the total Irish vehicle market declining by 3.6% on 2021.

Pre-tax profits at Irish arm of Ford up 52% last year

Pre-tax profits at the Irish arm of car-maker, Ford last year increased by 52% to €1.5m.

Business • 05 Dec 23

Tesla shares fell 6.1% in premarket trading on Wall Street today

Telsa's demand warning sparks selloff in EV stocks

Elon Musk's warning that high interest rates could sap electric-vehicle demand knocked shares of the sector today, with some analysts questioning if Tesla can maintain the runaway growth that has for years set it apart from other automakers.

Business • 19 Oct 23

The UK government is planning to delay a 2030 ban on new petrol car sales, reports suggest today

'Confusion' on UK climate policy will hit move to EVs

The transition to electric cars in Britain will be hindered by any confusion over climate policy, the auto industry's trade body said today.

Business • 20 Sep 23

United Auto Workers picket outside Ford's Michigan Assembly Plant

US car workers set to resume bargaining talks

The United Auto Workers and Chrysler-parent Stellantis are to resume bargaining talks today as a strike against the Detroit Three automakers enters its fourth day.

Business • 18 Sep 23

Around 2,300 jobs will be cut in Germany, 1,300 in the UK and 200 in the rest of Europe

Ford to cut 3,800 jobs in Europe and UK

Ford plans to cut 3,800 product development and administration jobs in Europe and the UK in the next three years, the company said, citing rising costs and the need for a leaner structure as it pivots production to electric vehicles.

Business • 14 Feb 23

ahead.

The company wants to axe up to 2,500 jobs in product development and up to 700 in administrative roles, with German locations most affected

Ford to cut up to 3,200 jobs in Europe

Ford plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG Metall union said today, vowing action that would disrupt the carmaker across the continent if the cuts go ahead.

Business • 23 Jan 23

Ford has sold its 49% stake in the Sollers Ford joint venture

Ford to exit Russia after joint venture stake sale

Ford Motor said today it would exit Russia, the latest automaker to leave in the aftermath of Russia's invasion of Ukraine.

Business • 26 Oct 22

Going forward, Farley has mapped out a strategy for Ford to develop a broad lineup of electric vehicles.

Ford cuts 3,000 jobs as it pivots to EVs

Ford Motor said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla in the race to develop software-driven electric vehicles.

Business • 22 Aug 22

The recall includes just over 2.9 million US vehicles and 394,000 in Canada.

Ford recalls millions of vehicles in North America

Ford is recalling millions of vehicles in North America that could roll away because a damaged or missing part may prevent the vehicle from shifting into the intended gear.

Business • 15 Jun 22

Ford plans to boost spending on electric vehicles to $50 billion up to 2026

Ford and Volkswagen deepen electric vehicle cooperation

Ford has deepened its e-mobility partnership with Volkswagen which will see the US carmaker produce a second electric vehicle for the European market based on its German rival's platform.

Business • 14 Mar 22

The Halwood plant will produce around 250,000 power units a year from mid-2024, the first European in-house location to make electric vehicle parts for Ford

Ford to invest £230m to build electric car parts in UK

Ford said today that it would invest up to £230m to build electric car components at its Halewood factory in northern England.

Business • 18 Oct 21

The move comes as Ford is investing heavily in developing connected electric vehicles

Ford to phase out Mondeo sedan production in Europe

Ford Motor said it expects to phase out production of its Mondeo sedan in Europe in early 2022, as the US auto maker shifts its focus to electric and sport utility vehicles.

Business • 25 Mar 21

Stellantis warned that its highly profitable pickup trucks were hit by a global chip shortage

Stellantis and Ford hit by global chip shortage

The impact of the global semiconductor shortage on the auto industry spread over the weekend, as Stellantis warned its highly profitable pickup trucks were hit and Ford said it would cut more US production.

Business • 22 Mar 21

Ford said it will invest $1 billion over the next 30 months to convert its assembly plant in Germany to become the US company's first electric vehicle facility in Europe

Ford's Europe car lineup to be all-electric by 2030

Ford said today that its car lineup in Europe will be all-electric by 2030, as the US car maker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles.

Business • 17 Feb 21

Tesla's shares recorded their worst single-day percentage drop ever yesterday

Tesla loses more than combined GM, Ford market value

Tesla shed about $80 billion of its market value on Wall Street last night, an amount that overshadows the combined value of General Motors and Ford after its surprise exclusion from the S&P 500 index.

Business • 09 Sep 20

Ford has begun to increase the number electric cars it makes, including a version of its iconic Mustang

Ford announces new CEO as it plans bigger electric push

Ford has announced that Jim Hackett would resign as chief executive and be replaced by longtime auto executive Jim Farley, as the car giant pushes further into digital and electric investment.

Business • 04 Aug 20

The Renault-Nissan-Mitsubishi alliance became the top-selling carmaker in 2017 with 10.6 million vehicles worldwide

Carmaker tie-ups and break-ups

A look at other major auto tie-up deals - or attempted deals - since the 1990s.

Business • 30 Oct 19