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Ford Motor Co is Cutting 3,000 Jobs as it Transitions to Electric Vehicles, Software and Digital Services

Ford Motor Co is Cutting 3,000 Jobs as it Transitions to Electric Vehicles, Software and Digital Services

Ford Motor Co is undergoing one the biggest transitions in the company’s history with plans of building more software-defined electric vehicles. The automaker plans to sell 600,000 electric vehicles by 2023 and 2 million by 2026. But to reach its electrification targets over the next several years, Ford plans to reduce costs and become a much leaner company.

Eric Walz2022-09-28 12:00 PT

Ford Motor Co Reports Net Income of of $12.3 Billion in Q4 2021, Aims for Annual EV Sales of 600,000 Units by 2023

Ford Motor Co Reports Net Income of of $12.3 Billion in Q4 2021, Aims for Annual EV Sales of 600,000 Units by 2023

​Ford Motor Co announced its fourth quarter earnings for 2021 on Thursday which included higher revenue as the company moves on from the semiconductor shortages that impacted vehicle production in 2021. The automaker’s Q4 results include revenue of $37.7 billion with net income of $12.3 billion. For the full year, Ford reported an operating profit of $10 billion and an operating margin of 7.3%.

FutureCar Staff 2022-03-12 13:50 PT

Ford Motor Co Shakes up its Top Executive Team as the Automaker Prepares for its Future

Ford Motor Co Shakes up its Top Executive Team as the Automaker Prepares for its Future

As the Ford Motor Company plans its future to become a complete mobility services provider, the Detroit-based company has made some changes to its top executive team. Among them, Ford announced that Jim Farley has been named chief operating officer of Ford, reporting directly to president and CEO Jim Hackett.

FutureCar Staff 2020-03-15 15:45 PT