Ford to shut Welsh engine plant with loss of 1,700 jobs

Business / Corporate Jun 7, 2019

Ford to shut Welsh engine plant with loss of 1,700 jobs

Ford will shut its engine plant in Wales next year, costing about 1,700 jobs, the U.S. auto giant announced Thursday in a further blow to Britain's embattled car sector struggling with Brexit uncertainty and a global race to meet rising demand for electric vehicles. The ...

Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Business / Corporate May 21, 2019

Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. The major revamp, which had been underway since last ...

Japanese and other automakers tout SUVs at New York auto show

Business / Corporate Apr 18, 2019

Japanese and other automakers tout SUVs at New York auto show

Automakers on Wednesday gathered at this year's New York International Auto Show where Japanese carmakers unveiled all-new sport utility vehicles amid growing demand for light trucks over passenger vehicles. Toyota Motor Corp. introduced its 2020 Highlander, a midsize family-friendly SUV that ushers in the model's ...

Toyota, GM and Ford join forces on self-driving safety rules

Business / Corporate Apr 5, 2019

Toyota, GM and Ford join forces on self-driving safety rules

Toyota Motor Corp., General Motors Co. and Ford Motor Co. have decided to join forces to develop standards for the development of self-driving cars. The three said in a statement they are collaborating with automotive industry group SAE International to establish autonomous vehicle "safety guiding ...