Volkswagen AG said Thursday it will create 800 more jobs at its only U.S. plant to ramp up production of the Passat sedan. Meanwhile, the United Auto Workers has launched a drive to unionize workers at the plant.
The auto maker hopes to capitalize on a shallow interpretation of the ancient tradition to sell cars, regardless of whether it makes sense to practitioners or if there's really demand.
Major car manufacturers will raise prices across the board in India following a budget announcement by Finance Minister Pranab Mukherjee on Friday, Indian newspaper The Hindu reported.
Ford has stated that about 1,700 employees have agreed to an offer for early retirement, which will mean that they will be leaving the company on June 1 this year.
Ford Motor Co. has been sued in a federal class action lawsuit for allegedly selling E and F series trucks, including its popular F-250 and F-350 Super Duty trucks, with a defect in their fuel tanks known of since 2007, a complaint filed in Federal court Wednesday said.
Sales at U.S. retailers jumped in February by the most in five months, showing broad-based gains from autos to building materials, underscoring yet another hopeful sign of a strengthening economy.
In an auto industry placing increased emphasis on fuel economy in its vehicles, Ford Motor Co. serves as the poster child. The average fuel economy of Ford's sold passenger vehicles and trucks jumped by an average of 4.9 miles per gallon in February from the year-ago period. Unsurprising in those results is the credit due to the Ford Fusion and Focus, on which the company has placed an emphasis on greater fuel economy.
The National Highway Traffic Safety Administration launched an investigation of struck throttle issues possibly affecting as many as 360,000 2005 and 2006 Ford Taurus cars.
Safety regulators have opened an investigation into an estimated 360,000 Ford Motor Co Taurus sedans for a potential problem with the throttle getting stuck in an open position.
Ford Motor Co will offer lump-sum payouts as an option for future salaried retirees in the United States as part of its push to decrease the risk presented by its pension obligation.
U.S. employers hired more than 200,000 workers for a third straight month in February, indicating that companies are feeling more upbeat about the recovery.
The compensations earned by CEOs have once again come to forefront with the recent announcement that Ford CEO Alan Mulally received $34.5 million worth of shares, as disclosed by the company in a regulatory filing Tuesday.
Employers probably hired more than 200,000 workers for a third straight month in February, indicating that companies are feeling more upbeat about the U.S. economic recovery, economists said before a report this week.
Ford CEO Alan Mulally, has received $34.5 million worth of shares, as disclosed by the company Tuesday in a regulatory filing.
Ford Motor Co will focus on small, low-cost cars in India to make the country a manufacturing hub for Africa and the Asia-Pacific region, the head of its Indian operations said, as it races to catch up with global rivals in the fast-growing market.
Ford Motor Co has decided not to pursue any alliances this year with other carmakers in Europe, where it may lose up to $600 million, even as rival General Motors Co joins forces with France's Peugeot in hopes of riding out the region's debt crisis and depressed auto market.
Amid rising gas prices and increasing demand for alternative sources of energy, automakers in the United States are turning to natural gas to power new pickup trucks.
While the all-electric ride is hitting limited markets, according to Ford, that doesn't have to stop you from being one of the first to get your hands on the car.
Ford Motor's Focus Electric, the company's first electric passenger car, has been crowned by the U. S. Environmental Protection Agency (EPA) with the certification of the most fuel-efficient five-passenger vehicle in the country.
U.S. auto sales rose nearly 16 percent in February and the annual sales rate leapt to its best level in four years, helped by a surprising sales gain by General Motors Co and strong results from Chrysler Group LLC and Ford Motor Co .
A surprising sales gain by General Motors Co and strong performances by Ford Motor Co and others helped put U.S. February auto sales on track for their highest annual sales rate in nearly four years.
Ford Motor Co. could lose between $500 million and $600 million in Europe this year, another inclination of automakers struggles in a region plighted by an ongoing debt crisis and crawling with competition.
