Latest News Updates From Keith Naughton

Business

Ford Cuts 2019 Outlook

Ford Motor Co., struggling to roll out its redesigned Explorer sport-utility vehicle, cut its full-year forecast by $500 million, in a sign an $11 billion restructuring by Chief Executive Officer Jim Hackett will take more time before a promised payoff.

October 23, 2019
Business, Technology, Autonomous

Lyft Making Driverless Data Public in Bid to Speed Development

Lyft is making research data on self-driving technology available to the public in a bid to accelerate the development of robotic cars, which is seen as critical to the ride-hailing giants future viability.

July 23, 2019
Government, Business, Logistics

Mexico Tariff Would Have Significant Negative Impact, Ford Says

Ford Motor Co. would feel a serious impact if tariffs are levied on the cars, engines and transmissions it imports from Mexico, but a top executive at the automaker expressed optimism the trade dispute can be resolved without lingering damage.

June 6, 2019
Business

Ford Truck Profits Hide Need for More Cuts, Morgan Stanley Says

Ford Motor Co. may need to cut more than the recently announced 7,000 salaried workers to compensate for slowing auto sales, a situation thats not readily apparent because its F-Series pickup helped cover industry blemishes with $10 billion in pretax earnings last year, Morgan Stanley said.

May 21, 2019
Business, Technology

Ford Slashing 7,000 Jobs as Disruption Sweeps Auto Industry

Ford Motor Co. plans to eliminate about 7,000 salaried jobs about 10% of its global white-collar workforce as pressures mount on automakers to keep pace with massive technological shifts amid signs global car demand has peaked.

May 20, 2019
Government, Business, Logistics

Trumps Tariffs on Chinese Electric Cars Seen Likely to Last

With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the countrys auto market.

May 7, 2019
Business, Technology, Logistics

Ford Partners With Amazon to Enable Package Deliveries

Ford Motor Co. is the latest automaker opening its vehicles trunks to Amazon.com., entering a partnership to enable delivery of packages directly to millions of Ford and Lincoln models.

April 30, 2019
Business, Technology

Ford Partnership With EV Manufacturer Rivian Includes $500 Million Funding

Ford Motor Co. will invest $500 million in Rivian Automotive Inc., aligning the maker of the industry-leading F-Series pickup line with an upstart thats electrifying gas-guzzling trucks and SUVs

April 24, 2019
Business

Ford Sees $1 Billion Boon From One Truck Plant Transformation

Ford Motor Co. predicted an earnings boon from converting just one car plant to make trucks and also SUVs. And the automaker said that factory is just the first of many that will pump out more profit.

April 17, 2019
Business

Ford Executives Shift Roles With Mobility Chief Near Retirement

Ford Motor Co.s two company presidents are shuffling roles with one taking responsibility for the business of today, and the other the approach to tomorrow as a third executive prepares to retire.

April 10, 2019