Latest news with #FordMotorCo.


Toronto Star
4 days ago
- Automotive
- Toronto Star
The inside scoop on how the '78 Calgary Stampede set the final stage for Ford Motor's Windsor plant
The final setting to conclude months of negotiations between those two great Canadian institutions of long-standing, federal-provincial feuding and government-business wariness, was on a uniquely Canadian stage: the rip-roaring Calgary Stampede. The topic was not horses, it was money and jobs. In 1978, U.S.-based Ford Motor Co. was thinking about building a V6-engine plant in Windsor, Ont. But the company wanted some public money, $30 million, said Roy Bennett, Ford Motor Co. of Canada president. The injection would offset a variety of higher Canadian costs compared with expanding an existing Ford engine plant in Lima, Ohio, 150 kilometres across the border from Windsor. Opinion articles are based on the author's interpretations and judgments of facts, data and events. More details
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Business Standard
5 days ago
- Business
- Business Standard
China spy agency accuses foreign agents of smuggling rare earth materials
China's spy agency has accused overseas intelligence agencies of stealing controlled rare earth materials, reiterating its intent to curb smuggling even as Beijing agrees to review applications to export the vital industrial resource after trade talks with the US. Without naming any country, the Chinese Ministry of State Security accused foreign entities of orchestrating the trafficking of these items, which Beijing sees as a strategic asset and has used as a bargaining chip in tariff negotiations with Washington. 'In recent years, foreign espionage and intelligence agencies and their agents have attempted to collude with and incite unlawful people in the country to steal our rare earth-related items by means of mail delivery, posing a serious danger to our national security,' the ministry said in a WeChat post Friday. China leveraged its dominance in producing these metals and rare earth magnets in the trade war with the US, which relies on Chinese supply to make a wide range of products including electric vehicles. Ford Motor Co. had to cut output at one of its plants after Beijing tightened export controls, and the curbs have deepened tensions with the European Union, which similarly depends on exports from China. The security ministry claimed to have foiled an attempt by an unnamed country to illicitly acquire rare earths for stockpiling. This involved a contractor mislabeling parcels as 'not originally made in China' and misrepresenting product content and ingredients, according to the post. The MSS also detailed other alleged smuggling tactics, such as hiding rare earth powders in ceramic tile ingredients or disguising them in water bottles labeled as 'machinery parts' for export. The ministry urged citizens to report suspicious activities related to rare earth resources. China and the US last month confirmed a deal to suspend drastic tariffs after Beijing vowed to process export licenses and the US agreed to lift its own controls on technology including some advanced AI chips. Signs of easing tensions have raised the chance of a broader deal and a meeting between President Donald Trump and Chinese leader Xi Jinping this year.


Mint
5 days ago
- Business
- Mint
China Spy Agency Accuses Foreign Agents of Stealing Rare Earths
China's spy agency has accused overseas intelligence agencies of stealing controlled rare earth materials, reiterating its intent to curb smuggling even as Beijing agrees to review applications to export the vital industrial resource after trade talks with the US. Without naming any country, the Chinese Ministry of State Security accused foreign entities of orchestrating the trafficking of these items, which Beijing sees as a strategic asset and has used as a bargaining chip in tariff negotiations with Washington. 'In recent years, foreign espionage and intelligence agencies and their agents have attempted to collude with and incite unlawful people in the country to steal our rare earth-related items by means of mail delivery, posing a serious danger to our national security,' the ministry said in a WeChat post Friday. China leveraged its dominance in producing these metals and rare earth magnets in the trade war with the US, which relies on Chinese supply to make a wide range of products including electric vehicles. Ford Motor Co. had to cut output at one of its plants after Beijing tightened export controls, and the curbs have deepened tensions with the European Union, which similarly depends on exports from China. The security ministry claimed to have foiled an attempt by an unnamed country to illicitly acquire rare earths for stockpiling. This involved a contractor mislabeling parcels as 'not originally made in China' and misrepresenting product content and ingredients, according to the post. The MSS also detailed other alleged smuggling tactics, such as hiding rare earth powders in ceramic tile ingredients or disguising them in water bottles labeled as 'machinery parts' for export. The ministry urged citizens to report suspicious activities related to rare earth resources. China and the US last month confirmed a deal to suspend drastic tariffs after Beijing vowed to process export licenses and the US agreed to lift its own controls on technology including some advanced AI chips. Signs of easing tensions have raised the chance of a broader deal and a meeting between President Donald Trump and Chinese leader Xi Jinping this year. This article was generated from an automated news agency feed without modifications to text.
Yahoo
7 days ago
- Automotive
- Yahoo
Ford to recall 687,000 SUVs in U.S. for possible engine fires, will cost it $570 million
Ford Motor Co., which leads all automakers in the number of recalls it has issued this year, put out a new recall this week and said the company will take a $570 million charge to its second-quarter earnings because of it. The Dearborn-based automaker is recalling 694,271 SUVs in the United States and its territories due to a problem with fuel leaks that could heighten the risk of the vehicle catching on fire, the National Highway Traffic Safety Administration said in a July 14 filing, following a yearlong investigation. In the United States alone, the recall affects about 687,000 vehicles, Ford spokesman Mike Levine said. In the United States, the recall covers certain 2021–24 model year Bronco Sport and 2020–22 model year Escape SUVs with 1.5-liter engines. The NHTSA estimates that 0.3% of recalled vehicles may have the defect. According to the NHTSA filing, fuel injectors in the impacted vehicles may crack, causing fuel to leak into the engine compartment and possibly ignite. It said vehicle occupants may notice a strong fuel smell inside or outside the vehicle, instrument panel warnings, smoke, or visible flames. Levine said the automaker is not aware of any injuries related to this issue. He added that about 858,000 2021-24 Bronco Sport, 2020-22 Escape and 2019-24 Kuga vehicles globally, that includes the United States and its territories, are part of the recall. Ford's struggle with quality Ford primarily builds its Escape at its Louisville Assembly Plant in Louisville, Kentucky. It builds the Bronco Sport in its plant in Hermosillo, Sonora, Mexico. This is Ford's 88th vehicle recall filed with the NHTSA since January of this year, topping all other automakers in the number of recalls filed. Ford has struggled with its quality for the past several years, in fact, it has been near the top or led in recall filings since 2020, according to NHTSA data. When Jim Farley was appointed as Ford CEO in October 2020, he listed fixing quality and lowering warranty costs as a top priority. So far, he has paid for not achieving it. His compensation fell by $1.6 million to $24.9 million in 2024 compared with 2023 because he failed to hit company-set quality improvement targets. Meanwhile, in November 2024, Ford agreed to pay the second highest civil penality in the NHTSA history as part of a three-year consent order. The fine is up to $165 million, topped only by the Takata air bag consent order. A NHTSA investigation that started in 2021 found that Ford did not recall vehicles with defective rearview cameras in a timely manner. It also said Ford failed to give accurate and complete recall information in line with the National Traffic and Motor Vehicle Safety Act requirements. Some safety advocates say the consent order, which requires Ford to meet various safety mandates, is partly driving the number of Ford recalls higher in recent months. The NHTSA can impose civil penalties for violation of federal safety laws — Volvo, for example, agreed in 2023 to pay $65 million for problems related to recalls. But such large fines against carmakers have been generally rare. In a government filing on July 16, Ford said of the latest recall: "We estimate the aggregate cost of the action, based on the remedy options we are evaluating, to be about $570 million and will be reflected in our second quarter 2025 results." Ford is expected to report its second-quarter earnings after the market closes on July 30. Many analysts expect Ford to report earnings lower than the year-ago period. Dan Ives, managing director and senior equities analyst at Wedbush Securities called the July 16 recall, "another headwind for Ford and speaks to the constant challenges ahead." Ford said in its government filing, "Consistent with our corporate policy, which considers the magnitude of individual field service actions, the expense will be treated as a special item. Accordingly, it will not impact our total Company adjusted (earnings before interest and taxes), adjusted earnings per share, or adjusted free cash flow." More: Ford's latest sale may be just the start in a summer of car-buying deals, experts say Eight vehicles had underhood fires This recall expands on previous recalls from 2022 and 2024, which affected about 42,000 vehicles at the time. The recall provided software updates but did not replace the potentially faulty injectors, according to a Reuters report. The report said an internal committee had recommended a software update and a drain tube to redirect fuel away from ignition sources. But in 2024, the NHTSA opened a recall query to study Ford's solution and found that the proposed remedy did not fix the root cause of the problem. "After reassessment, Ford reported this month that it found cracked fuel injectors in eight vehicles that experienced underhood fires, despite having undergone repairs," according to Reuters. "Six of these vehicles did not have the updated engine software the company previously recommended." According to NHTSA's report, Italy-based Dumarey Flowmotion Technologies supplied the fuel injectors in the 687,000 vehicles being recalled. In a statement to the Detroit Free Press, Ford's Levine said the automaker is not aware of any injuries from "underhood fires related to cracked fuel injectors." He confirmed that Ford had two earlier recalls for similar issues and this new recall supersedes the prior recalls. "This safety recall ... will include a new remedy for this issue, which is currently under development and expects to be finalized in the near future," Levine told the Free Press. "The recall includes an interim software update, which will help detect cracked injectors and mitigate fire risk." More: Used cars under $20K have almost vanished from the market: Here's what's behind the surge He said the automaker is recalling an additional number of vehicles produced with these injectors that were not previously recalled, Levine said. That's because those are the vehicles that might result in a leak that produces the fuel smell and cause "drivability symptoms, instrument cluster warnings, or smoke and flames emanating from the engine compartment or underbody." The NHTSA filing said dealers will update the engine control software free of charge until a mechanical repair is determined. Letters notifying owners of the safety risk are expected to be mailed Aug. 18 and second letters will be sent once the remedy is available. In the meantime, vehicle owners may contact Ford customer service at 866-436-7332 and provide Ford recall number 25S76 for more information. (This story has been updated to include new information.) Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber This article originally appeared on Detroit Free Press: Ford recalls SUVs for possible engine fires, will cost $570 million


USA Today
14-07-2025
- Automotive
- USA Today
Ford's response to tariffs birthed a pro-America campaign that outsold Toyota
On the evening of March 27, Ford Motor Co.'s marketing leaders called a meeting at World Headquarters in Dearborn, Michigan. The country was in turmoil as the second quarter was about to start. The automaker had to do something to keep showrooms buzzing as consumers fretted over newly issued tariffs potentially pushing car prices higher. Ford already had a new ad campaign and incentive program "in the can," as they say. It was good to go. But something felt off. "This was a moment in time," Rob Kaffl, Ford's director of U.S. sales and dealer relations told the Detroit Free Press, part of the USA TODAY Network, about that night. "We were thinking: What would it take for Ford Motor Co. to shine during this uneasiness in the market both for consumers and automotive?" That night, Ford leaders would end up ditching the company's previous campaign plans and instead spend the weekend in a frenzy working up a new campaign with a message to promote the automaker as America's car company, dubbed: "From America, For America." As part of it, Ford offered all customers employee prices on most of its vehicles starting April 3 running to July 7. The "From America, For America" campaign would end up offsetting Ford's dismal first-quarter results and provide a positive light during a year in which Ford is leading in safety recalls. The campaign was instrumental in delivering a 14% gain in Ford's second quarter sales and, on July 1, Ford brand — not including Lincoln — became the No. 1 selling brand in the nation for the first half of the year selling 1,058,323 vehicles, topping its closest rival, Toyota brand, by just 550 vehicles and outselling Chevrolet brand sales by 136,437 vehicles. General Motors, which makes Chevrolet, Buick, Cadillac and GMC brands, remained the top-selling automaker for the first six months selling 1,439,951 vehicles in the United States. Toyota and GM spokespeople declined to comment for this article. This is the eighth time in the past decade that Ford brand has taken the sales crown for the first half of the year, according to But given the circumstances and how it came to pass, this time makes it the most meaningful victory, Kaffl said. "Had we not beat Toyota, we'd still be high-fiving honestly," Kaffl said. "All of us were really proud of what we accomplished over the last 90 days. This campaign and what Ford represents isn't just a marketing campaign. It's every man and woman working tirelessly in our Michigan assembly plants and our Kentucky assembly plants. … This is the U.S. manufacturing that makes us so proud to be working for a company like Ford. To beat Toyota is the cherry on the sundae." Ford's American history: Bryan Cranston champions Ford's new philanthropy push at revived Detroit landmark 'A win is a win' The excitement at the Glass House, Ford's world headquarters in Dearborn, flowed from the top down on July 2, as the company leaders digested the news. CEO Jim Farley told the Detroit Free Press in an email he was proud that the corporate team and dealer body rallied as one in a time of uncertainty for consumers. "Toyota is a tough competitor, but this is about much more than a sales race, it's about being the company Americans trust and turn to when it matters," Farley, who started his career in marketing at Toyota, said. "This was the result of a lot of teamwork, from our awesome factory teams delivering the production and launching new vehicles with quality, to our marketing team getting out the word about our 'From America, For America' employee pricing offer to the nearly 3,000 Ford dealers that serve every community across the country.' For Ford dealer Tim Hovik, owner of San Tan Ford in Gilbert, Arizona, about 15 miles east of Phoenix, beating Toyota is simply "exciting," he said. "There's a lot going on in our country right now," Hovik said. "There are few things more American than Ford. Ford has been a titan of our industrial strength for a century. I've talked to a number of dealers and it's a huge pride point for dealers to be the distribution center for Ford Motor Co. right now." But there are some who might say Ford's sales victory is not completely reflective of Americans answering Ford's call to patriotism. That's because the sales figures include commercial fleet sales. But others say, a sale is a sale and a win is a win. "These are fleet and retail combined and Ford does include heavy trucks," said Ivan Drury, director of insights at "But hey, a win is a win and you cut anything up enough and nothing matters or is anything really apples to apples?" Put another way by Ford dealer Brad Akins, owner of Akins Ford in Winder, Georgia, "A one-point win is the same as a touchdown win." The birth of 'From America, For America' On March 27, the auto industry needed a win. Earlier in the day, President Donald Trump announced he was imposing a 25% tariff on all imported vehicles and imported automotive parts to take effect on April 3. Given that most vehicles made in the States use parts from suppliers abroad, the move almost guaranteed car prices — no matter where the vehicle was made — would rise to offset the added costs of tariffs. Ford was confident on one front: It has the largest manufacturing footprint in the United States of any automaker, importing just 21% of the vehicles it sells here. GM, on the other hand, imports 46% of the vehicles it sells in the United States. According to last year GM led imports bringing in about 750,000 vehicles for sale in the United States, mostly from Canada and Mexico. Japan-based Toyota was second with 657,000 vehicles imported. Still Farley had concerns about the tariff's impact. In a memo sent to the Ford workforce on March 27, which was obtained by the Detroit Free Press, Farley wrote, "While Ford supports the president's vision of building a stronger auto industry and manufacturing base in the United States, the situation is dynamic and the impacts of the tariffs are likely to be significant across our industry — affecting automakers, suppliers, dealers and customers." On top of that, Ford's U.S. sales in the first quarter came in 1.3% lower than the year-ago period. Ford reported a 5% decline in total revenue for the quarter. And, despite continued moves to improve quality in recent years, Ford continues to lead the industry in the number of safety recalls it has issued this year. So that night, Ford's leadership rethought its planned April sales campaign, seeking to guarantee a win. "We were talking about things like during 9/11, right, when Ford came out at the time with 0% financing and GM obviously did the same thing," Kaffl said. "That was a time when the U.S. industry could be there for the consumer. It was just collectively: How do we get that message out there that we are the largest U.S. manufacturer, the most American manufacturer out there?" The idea of "From America, For America" was born. In its TV spots, an announcer asked, "Which automaker employs the most hourly autoworkers in the country? Ford. Which automaker assembles the most vehicles in the country? Ford. That's not a coincidence. It's a commitment. And, now at this unprecedented moment in automotive history, who benefits from Ford's commitment to America for over 120 years? You." In case you missed it: Ford's April sales, led by pickups, surged 16% ahead of tariffs Working through the weekend With Farley signing off on it, the next 72-plus hours became a whirlwind. 'We went into full execution mode working through the weekend, Friday through Sunday, in the office to pull together the offers, playbooks for dealers, the marketing team getting behind it, making sure we were aligning the production that was getting released and have the inventory to back it up," Kaffl said. When it came to inventory, Ford was in a good place. At the end of March, Ford's gross day supply of inventory, which includes the inventory at dealerships as well as vehicles that are in-transit to a dealership, was a robust 74 days, Kaffl said. Days' supply is a measure of the number of days it would take at the current sales rate to deplete available inventory. The auto industry typically considers 60 days to be a healthy rate. The marketing team had to coordinate with Ford's manufacturing teams to ensure the flow of products made it out of factories to dealerships smoothly. Ford had a new Expedition and Lincoln Navigator coming, too, so it was crucial those launches rolled out amid this program, Kaffl said. Farley goes to Ford dealers for reaction By early the next week, Ford was ready to unveil the campaign to its dealers. "They presented it and we loved it," said Eddie Stivers, president of Stivers Automotive Group in Atlanta and chair of the Ford National Dealer Council. "This was the quickest mobilization of a marketing plan that I can remember. They pulled it together over a weekend. It was a quick hard shift and they executed it at a high level." Stivers, who owns five Ford stores across Arizona, Iowa, Alabama and Georgia, has been a Ford dealer for 31 years and said this was the best sales and marketing campaign he can remember because it removed the apprehension for consumers out of what was coming in terms of new car prices. "Consumers were concerned," Stivers said. "They didn't know what would happen with pricing. It provided transparency and provided clarity in an unclear time. And it resonated with consumers. Since 9/11, this is the most patriotic time I can remember. The feel of the country is pro-America and 'From America, For America' is resonating with the public." Sales across his stores rose 25% in the second quarter compared with the year-ago period, Stivers said. He expects sales to be up for the first half, too, across his Ford stores, on the second-quarter sales strength. At Akins Ford in Winder, Georgia, located about 60 miles northeast of Atlanta, the campaign pumped up second-quarter sales by 11%, most of which were new customers turning in imports and other brands, to buy Ford SUVs and pickups, owner Brad Akins said. The campaign made Akins Ford the No. 1 selling Ford dealership in the nation, unseating Livonia, Michigan-based Bill Brown Ford by selling 153 more vehicles in the quarter than Bill Brown Ford did, Akins said and Ford confirmed. 'The biggest thing we heard from customers was that they didn't hear price increases," Akins said. "In our market, it really stifled out the message of an increase and brought about the better message of value.' As the campaign rolled out, Farley and the senior leadership team took to the road for the second annual "dealer engagement tour," Stivers said. Over six weeks, Farley visited with a third of Ford's 2,800 dealerships, spending half a day with various dealers in Ford's five regions in an 'intimate setting' asking them, 'what should we do next?' Stivers said. 'There was a lot of great input. Jim took copious notes and based on the television (advertising) that's already in rotation it was a collaborative process," Stivers said. The most recent ads Stivers is referring to were launched in mid-June. They are a series of provocations at other American auto manufacturers. Ford references the 2008 financial crisis to declare itself the most American among its local competitors — GM and Stellantis (formerly Chrysler), without naming them specifically. In the ad, Ford employees working in factories say that if other car companies "were like us, they would have said no to the taxpayer bailout and added thousands of American jobs." During the financial crisis, GM and Chrysler both benefited from federal bailouts to keep their companies afloat. Ford declined a bailout. Instead, it borrowed $6 billion from the Department of Energy and had mortgaged many of its assets before the crisis, including its famous Blue Oval logo. As the Free Press previously reported, Ford said it is the only manufacturer among the Detroit Three to increase hourly jobs in America since the recession, adding 4,500 jobs, while GM has gone from 78,000 in 2007 to 47,000 today, and Stellantis has gone from 45,000 pre-recession jobs to 38,800 hourly workers today. GM and Stellantis did not comment on that report. Stivers attended the meeting with Farley in the Southeast region and said, 'it was a frank, intimate and private and positive conversation with leadership. They care enough to engage with their dealers. This was a conversation on how we become better in a manufacturer-dealer relationship and serve the customer better.' 'Tough to stop a freight train' For that reason, Stivers said he has no doubt Ford will have a strong third quarter, noting, "It's tough to stop a freight train flying down the track and that's what it feels like to be a Ford dealer." On July 8, Ford is expected to reveal a new campaign to replace its employee pricing in "From America, For America." Kaffl said it will keep Ford's sales momentum going in the second half. He wouldn't reveal details of the new campaign, only to say, "We're trying to answer maybe a different type of consumer need or pain point they have to buying vehicles. We're still finalizing plans.' Stivers said he has seen the new campaign and said it will be a "robust" program. But some analysts aren't optimistic. David Whiston of Morningstar said the employee pricing campaign juiced up demand for Ford. He said it also helped that Ford has some "desirable vehicles as well" to drive sales. "I don't expect the momentum to continue at the same pace after the promotion ends ... and I don't expect Ford to stay ahead of Toyota unless they continue discounting in some form," Whiston said. Dan Ives, managing director at Wedbush Securities, agreed, saying: "This was a step in the right direction for Ford. Still heavy lifting ahead with headwinds." But Ford has new vehicle variants coming to spark buyer interest. The F-150 Lobo, a performance street truck, hits the market in the third quarter. Ford will also add the off-road trim level, Explorer Tremor, to that SUV lineup. 'The cars are the stars. I think our product lineup is set up for it," Kaffl said. "There's been ups and downs in the industry but there is still a really healthy retail industry that's out there. So with our stock position, the product lineup we have and the soon to be announced third quarter program … I think if this program resonates the way we think it will, the way employee pricing did, I think we'll have success in the third quarter.' Ford has already started increasing new vehicle production for the second half in anticipation for strong sales momentum, he said. Besides, Kaffl said, nothing makes him happier than to beat analysts' predictions. Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber.