ford motor co.
Dec 1, 2023, 12:22 PM EDT
Ford CFO John Lawler on Thursday revealed the automaker lost $1.7 billion in profits due to the United Auto Workers union's weekslong strike against the company.
General Motors wants to give its shareholders a bigger return in 2024, announcing a $10 billion accelerated share repurchase program now that the labor strikes have settled.
Members of the United Auto Workers union voted to ratify new labor contracts with Ford and Stellantis that will boost wages and benefits while running through April 2028.
Subaru will raise the wages and benefits of its U.S. plant workers in light of the new labor deals finalized by the Detroit Three automakers, the Japanese automaker's CEO said Thursday.
Members of the United Auto Workers (UAW) union at General Motors became the first of Detroit's Big Three automakers to ratify a new labor contract on Thursday.
As United Auto Workers members who work for Detroit's Big Three continue to cast their votes on whether to approve the union's deals with automakers, General Motors workers are divided.
Ford is bringing a new feature to its vehicles that enables people to give instantaneous feedback to the Michigan-based automaker. The company has called it "Record Feedback."
Elon Musk tried to enter the Indian market in 2021 but pushed for a decrease in import taxes on electric vehicles, which the government initially resisted but now looks to implement.
Ford Motor Company has continued to support Team Rubicon, most recently having volunteers help the veteran-led organization’s local disaster recovery efforts in Florida.
Ford has put some Mustang cars from model years 2020-2023 under recall, according to the National Highway Traffic Safety Administration (NHTSA).