Ford & union agree to record pay rise in the tentative agreement. The tentative contract still requires approval from union leaders. The union secured the right to strike in response to potential Ford plant closures. Ford and the United Auto Workers (UAW) union have reached a preliminary deal, featuring a record-breaking pay increase, to bring … Read more
Bill Ford stated that Jim Farley is using a “full court press”. Ford said Farley is a “fantastic CEO”. Bill Ford and Farley avoided getting into specifics. Bill Ford, chair of Ford Motor Co, stated on Monday that Jim Farley, the automaker’s CEO, is using a “full court press” to address operational issues that led … Read more
Commodity costs have been a headwind for Ford Motor, according to CEO Jim Farley, who told CNBC’s Jim Cramer on Wednesday that the business has been able to counterbalance them through its pricing strategy. “The commodity pressure, the premium freight we’re seeing, I mean it’s really real. … The good thing is, our pricing has … Read more
RIYADH: US Ford Motor Co will explore buying chips directly from GlobalFoundries, as a response to a global semiconductor shortage that’s crimped profits and production, Bloomberg reported. The Dearborn Michigan-based automaker said Thursday it’s forming a “strategic collaboration” with GlobalFoundries, which went public in a $2.6 billion listing last month and recently moved its headquarters from California … Read more
