The U.S. Army has pitted three manufacturers against each other to build competing prototypes of its future infantry squad vehicle. The service on June 30 awarded firm-fixed-price Other Transaction Agreements to Ford, GM Defense and BC Customs, the Army confirmed Tuesday. Each company will deliver three Infantry Squad Vehicle-Heavy, or ISV-H, models, with the first expected by March 30, 2027. The…
Ford’s “From America, For America” deal, offering employee pricing for all, is helping drive sales. But, with Trump’s new tariffs, how long will the savings last?
A handshake with every American
The campaign was introduced a little over a month ago, but CEO Jim…
Ford is cutting another 4,000 jobs in Europe as it loses ground in the global EV race
November 22, 2024
Ford is slashing another 4,000 jobs in Europe as it struggles to keep pace with the market’s shift to electric vehicles (EVs). The American automaker said a “highly disruptive” EV market and new competition are causing significant losses in the region. Ford’s…
In its latest setback, Ford is cutting back on another significant EV investment. The company is scaling back plans at its $3.5-billion EV battery plant in Michigan as it adjusts to market demand.
Ford said it was “re-timing and resizing some investments” in a statement Tuesday. Although it remains bullish on its long-term strategy, Ford is reducing its investment and cutting jobs at its…
