Experiencing temporary financial relief due to the weak yen, offsetting declining sales in China and electric vehicle transition challenges.
💰📈💪Earnings topped estimates, with currency factors playing a significant role. The long-term impact of the weak yen remains uncertain.
Hired Apple veteran Peter Stern to lead the new division "Ford Integrated Services." He will work with CEO Jim Farley on Ford's restructuring plan, Ford+, emphasizing the push into modern, consumer-oriented technology. 🤓🍏💿
Recalling 209 trucks after discovering a battery fire was caused by a coolant leak, not sabotage.
🔥😳👉 The company identified a supplier component as the source and is working on a fix. Affected trucks can remain in service during the resolution.
Reduced prices for Model Y in China by up to $1,900 and offers new incentives on Model 3, aiming to maintain competitiveness. The move may clear the previous generation's remaining units ahead of expected updates to Model 3. ✂️🚙🇨🇳
Urged the UAW union and Detroit's Big Three automakers (Ford, General Motors, Stellantis' Chrysler) to forge a fair agreement before contracts expire.
👨💼🎡👩🏭 The call comes as the UAW seeks new contracts by September 14, with potential strikes and demands for higher wages, benefits, and inclusion of battery plant workers.