Jewish News™
#Ford going ahead with moving small car production to #Mexico https://goo.gl/DDirn0
#DonaldTrump Takes Credit for Helping to Save a #Ford Plant That Wasn’t Closing
https://goo.gl/P7Dvv3
https://goo.gl/P7Dvv3
Nytimes
Donald Trump Takes Credit for Helping to Save a Ford Plant That Wasn’t Closing
Mr. Trump wrote on Twitter that he had helped keep a plant in Kentucky. Although Ford had planned to move some work to Mexico, it had intended to keep the factory open.
#Ford recalls F-150 for instrument cluster, Focus for chassis integrity issues
https://t.co/tTKAu5WCRe
https://t.co/tTKAu5WCRe
Roadshow
Ford recalls F-150 for instrument cluster, Focus for chassis integrity issues
The two recalls combined cover thousands of vehicles in two big segments.
Forwarded from Consumer Alert
WSJ
Ford to Record $295 Million Charge on Recalls
Ford said a $295 million charge for recalls covering vehicles with fire risks and faulty door latches would contribute to a lower first-quarter profit, the second time in less than a year that safety concerns have dented its bottom line.
#Ford to move factory to #China after #DonaldTrump pressures company not to move to #Mexico
https://t.co/g8FTBkFv0v
https://t.co/g8FTBkFv0v
TheHill
Ford to move production of Focus from Mexico to China
Ford is moving production to China after production at its Michigan plant ends in 2019.
#Ford reports first-quarter earnings top estimates, plans to drop some slow-selling sedans
s.z9network.com/FordReport
s.z9network.com/FordReport
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#Ford #Recall's nearly 874,000 pickup trucks with engine block heaters after reports of fires
s.z9network.com/2rST3oL
s.z9network.com/2rST3oL
#Ford misses profit estimates as pension and layoff costs erode earnings — despite strong North American sales
s.z9network.com/2sGTPpl
s.z9network.com/2sGTPpl
#Ford investing $1 billion, adding jobs at #Chicago factories as it makes cuts overseas
s.z9network.com/2DYxjyD #IL
s.z9network.com/2DYxjyD #IL
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Ford will cut 7,000 white-collar jobs
#Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year.
Ford says workers will begin to be notified of cuts starting Tuesday, and the terminations will be completed by the end of August. About 2,400 of the jobs cuts are in North America, and 1,500 of the positions will be eliminated through a voluntary buyout offer.
The move is an effort to cut bureaucracy within the company and flatten the management structure in addition to its desire to cut costs, according to a letter CEO Jim Hackett sent to employees Monday morning.
#Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year.
Ford says workers will begin to be notified of cuts starting Tuesday, and the terminations will be completed by the end of August. About 2,400 of the jobs cuts are in North America, and 1,500 of the positions will be eliminated through a voluntary buyout offer.
The move is an effort to cut bureaucracy within the company and flatten the management structure in addition to its desire to cut costs, according to a letter CEO Jim Hackett sent to employees Monday morning.
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Ford recalling 1.2 million Explorers over suspension issue
#Ford is #Recall'ing 1.2 million Explorers over a problem with their suspensions.
The recalled SUVs are from model years 2011 through 2017. Ford (F) said that cars frequently ride over rough terrain may experience a fractured toe link on their rear suspension, which can affect steering and increase the risk of an accident. Ford said one customer reported hitting a curb when the toe link broke, but it is not aware of any related injuries.
Ford said it will spend about $180 million to fix the problem, which will be done at no cost to the cars' owners.
#Ford is #Recall'ing 1.2 million Explorers over a problem with their suspensions.
The recalled SUVs are from model years 2011 through 2017. Ford (F) said that cars frequently ride over rough terrain may experience a fractured toe link on their rear suspension, which can affect steering and increase the risk of an accident. Ford said one customer reported hitting a curb when the toe link broke, but it is not aware of any related injuries.
Ford said it will spend about $180 million to fix the problem, which will be done at no cost to the cars' owners.