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Ford Beats GM To Invest $500M In Rivian, Enter Strategic Partnership On EVs
Wednesday, April 24, 2019 - 8:36am | 441Read More...Ford Motor Company (NYSE: F) announced Wednesday a strategic partnership with and $500 million minority investment in Michigan-based Rivian Automotive. As part of the arrangement, Ford will use Rivian’s platform in a new battery electric vehicle, and it will add Joe Hinrichs, president...
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Sorry, Mr. President, Ford Has A Better Idea: Automaker Will Move Focus Production To China
Wednesday, June 21, 2017 - 2:13pm | 515Read More...The automotive press had a field day after Ford Motor Company (NYSE: F) announced it was moving production of its next-generation Focus to China, a sharp rebuke of President Donald Trump’s boast that he had kept the plant from moving to Mexico. Ford canceled plans to build the Focus in Mexico...
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Analysts Cautiously Optimistic On Ford CEO Shakeup
Tuesday, May 23, 2017 - 3:49pm | 534Read More...Deutsche Bank Securities analysts said they are cautiously optimistic about the implication of the management changes, including the CEO shakeup, the company announced earlier this week. Ford Motor Company (NYSE: F) announced the ouster of CEO Mark Fields, replacing him with Jim Hackett, who...
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What's Old Is New Again: Ford Bronco, Ranger To Return By 2020
Monday, January 9, 2017 - 11:26am | 312Read More...It's official: The Ford Bronco and Ford Ranger will be coming back to North America within the next couple of years. Speaking at the North American International Auto Show In Detroit, Ford Motor Company (NYSE: F) Executive Vice President Joe Hinrichs confirmed the Ranger will be back in 2019,...
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Trump Calls Ford's Mexico Expansion An 'Absolute Disgrace'
Tuesday, April 5, 2016 - 4:05pm | 357Read More...Ford Motor Company (NYSE: F) announced on Tuesday that it will be building a new small car assembly plant in Luis Potosi, Mexico. The Detroit automaker said the project represented an investment of roughly $1.6 billion, and that it would create 2,800 jobs by 2020. Construction is expected to...
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Will M&A Frenzy Hit The Auto Industry?
Thursday, January 22, 2015 - 1:54pm | 504Read More...Mergers and acquisitions are the norm for startups and established players in Silicon Valley. They've also become quite common in the retail and healthcare spaces. The auto industry is a whole other story. Carmakers rarely announce that they are buying a startup. Ford Motor Company (NYSE...
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Ford Is Still Open To Technology M&As But It's Not A Top Priority
Friday, January 16, 2015 - 8:10am | 547Read More...In September 2013, Ford Motor Company (NYSE: F) acquired Livio, a Ferndale, Michigan-based software development startup, to enhance in-car connectivity. After the acquisition was announced, Ford Global Technologies President and CEO Bill Coughlin told Benzinga that the company was open to...
