Latest News Updates From Keith Naughton

Business

Ford to Cut 1,400 US Salaried Jobs in Reorganization

Ford Motor Co. is cutting about 5% of its U.S. salaried workers as part of a sweeping reorganization, which could include layoffs, in a move to help the automaker reverse its declining fortunes.

September 2, 2020
BusinessTechnologyLogistics

Ford CEO’s Vow for Flawless Launches Tested by High-Stakes F-150

Ford Motor Co. is gearing up for an intricate, two-phase overhaul of factories for its most profitable vehicle, putting to the test a pledge by incoming CEO Jim Farley for flawless execution.

August 24, 2020
BusinessTechnology

Ford to Promote Farley to CEO After Hackett’s Failed Turnaround Bid

Ford Motor Co. will promote Jim Farley to CEO on Oct. 1 to replace Jim Hackett, who has elected to retire after his three-year bid to turn around the automaker failed to gain traction.

August 4, 2020
BusinessTechnologySafetyAutonomous

Ford Takes on Tesla With Hands-Free Driving for Electric Mustang

Ford Motor Co. plans to install a hands-free driving system on its electric Mustang Mach-E model coming later this year as it attempts to muscle in on the high-tech turf now dominated by Tesla Inc.

June 18, 2020
BusinessEquipmentSafety

Ford Sees Plants Resuming Pre-Virus Production Within Weeks

Ford Motor Co. expects its U.S. plants will come all the way back from coronavirus-related shutdowns within the next month, a top executive said.

June 10, 2020
BusinessTechnologyAutonomous

Self-Driving Startup Argo Completes $2.6 Billion Tie-Up With VW

Argo AI, the self-driving startup tightly aligned with Ford Motor Co., completed an expected tie-up with Volkswagen AG involving a $2.6 billion investment from the German automaker.

June 2, 2020
GovernmentBusinessSafety

Detroit Divided Over What It’ll Take to Make Cars Again

The safety measures that Ford Motor Co. has spent weeks preparing to resume North American production fell short of assuaging the United Auto Workers union, which could stand in the way of much of the industry’s plans to reopen.

April 30, 2020
Business

Carmakers Headed for 50% Sales Dive Can Breathe Easier

Automakers are headed for a less drastic U.S. sales collapse than feared, according to market researchers.

April 22, 2020
Business

Automakers Are About to Give an Inkling of the Sales Collapse Ahead

A year that started off well for the U.S. auto market, with only a subtle downshift expected following years of strong demand, is suddenly shaping up to be a disaster.

March 31, 2020
BusinessSafety

Ford Bans All Business Trips After Two Employees Contract Coronavirus

Ford Motor Co. has banned all air travel for business after two of its employees in China contracted the coronavirus.

March 3, 2020