Hefty electric vehicle costs dent Ford profits
Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results. The major US automaker reported third-quarter profits of $892 million, down 26 percent from the year-ago level, on revenues of $46.2 billion, up 5.5 percent. The results were the latest in which Ford has […]
UAW union to launch coordinated strikes against General Motors, Ford and Stellantis
For the first time in US history coordinated industrial action is taking place against the three major car producers, the biggest form of strike action in a year of industrial unrest across the country. Up to 150,000 members of the United Auto Workers (UAW) union are to take part in action against General Motors, which […]
