Ford

Ford CEO Jim Farley said Bronco and F-150 Lightning customers are coming from other brands in droves. Over seven out of 10 reservations and orders are from people new to Ford.

Ford Motor Co. revved up surprise second-quarter profits this year – powered by climbing pickup and SUV prices even as a global computer chip shortage forced it to pump the brakes on production.

The new collaborative learning lab, dubbed Ford Ion Park, represents $100 million of the automaker's total $185 million investment in developing, testing, and building electric vehicle battery cells and cell arrays. It is also part of the company's $30 billion investment in electrification by 2025.

General Motors has sued Ford for trademark infringement over its use of the BlueCruise name for a semi-autonomous driver aid that is similar to GM's Super Cruise feature.

Ford and ride-share app Lyft are bringing autonomous vehicles to Lyft customers in Miami by the end of 2021.

Ford Refresh95, which are certified cabin air filters, will be rolled out to select Ford vehicles, including the Bronco Sport, Escape, Explorer, Mustang Mach-E, Police Interceptor Utility and Maverick by the end of the year.

Nearly 775,000 Ford Explorer SUVs from the model years 2013-2017 are covered under one recall.

Ford may begin shipping vehicles to dealers without all of the required semiconductor chips, which will be installed at the showrooms, Automotive News reports. The automaker is considering several options to address the shortage of chips currently strangling production.

Ford is offering to pay 450 Australian Mustang Mach 1 buyers $4,040 each after an error was discovered in the marketing materials for the vehicle that promised features it doesn't have.

The Ford F-Series finished the second quarter third in sales behind Ram and Chevrolet as production was negatively impacted by the ongoing semiconductor shortage.

Businesses spent $1.74 trillion on mergers and acquisitions involving U.S. companies during the first six months of the year—the highest amount in more than four decades—as finance chiefs tapped into cheap funding options to acquire technologies, services and other assets.

Ford reported a 26.9% drop in June sales as it deals with inventory issues caused by the coronavirus pandemic. A semiconductor shortage is the main problem it faces.

Arnold Schwarzenegger asked Ford CEO Jim Farley to consider opening an automobile plant in Austria during a climate conference he was hosting in Vienna on Thursday.

Ford will idle eight factories for several weeks in July and August due to the ongoing semiconductor shortage.

Ford will supply powertrains to Oshkosh Defense for use in the Next Generation Delivery Vehicle it is developing for the U.S. Postal Service. The trucks will be offered in all-electric and internal combustion engine-powered versions.

Ford received 36,000 reservations for it's new Maverick compact pickup in the first week the books were open. The crossover-based hybrid goes on sale this fall.

Ford's CEO Jim Farley says customer orders are rolling in and that means future profits will be higher than expected.

The recall impacts 17,616 vehicles in the U.S. and federal territories, 1,779 vehicles in Canada and 231 vehicles in Mexico.

Production of the 2021 Ford Bronco is underway in Michigan as the first shipments to dealers begin. Ford says it has 125,000 orders for the much-anticipated SUV.

Ford's reservations for the all-electric pickup, which will officially open this fall, only require a $100 refundable deposit.