Category: fox-business/organization/ford

Ford, GM CEOs open to partnerships to compete with China

The CEOs of leading U.S. automakers Ford and GM on Thursday signaled they are open to considering partnerships to lower the cost of electric vehicle technology to compete with low-cost Chinese EVs looking to the U.S. and European markets. “If there’s ways that we can partner with others, especially on technologies that are not consumer-facing, and be more efficient with R&D as well as capital,…

Ford’s profits getting eaten up by EVs

The electric vehicle (EV) push is eating into Ford’s profit margins as the company seeks to find the right mix between profitable vehicles consumers want today and the next generation of EVs that may be in higher demand as the market’s preferences shift in the future. Ford Model e, the company’s EV division, had a net loss of $4.7 billion last year — with $1.6…

The Detroit Lions have an automobile titan backing the team

The National Football League’s Detroit Lions are backed by a hefty name in the auto industry. Its ownership rooster includes Sheila Ford Hamp, Martha Ford Morse, William Clay Ford, Jr., Elizabeth Ford Kontulis and Martha Firestone Ford. In other words, the Ford family.  The team has been owned by members of the Ford family since 1963 when William Clay Ford Sr. bought majority ownership of…

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