Ford Recalls Over 850,000 Cars in the US
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The drop comes after The Wall Street Journal pointed out that Ford has set a record for the number of recalls in a calendar year by an auto maker. Through early Friday, Ford has r
The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.
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Ford Motor Co. has struck a deal with a German labor union that includes protections for more than 10,000 workers at its Cologne plant and voluntary job reductions as the Dearborn automakers struggles with selling electric vehicles in Europe.
Ford’s (NYSE:F) recall of 850,000 vehicles for a fuel pump defect marks the latest in a string of recalls that have raised fresh concerns about the automaker’s quality control and brings its six-month total higher than any other automaker’s full-year tally.
Ford has agreed to a job protection scheme at its Cologne plant covering over 10,000 workers, with voluntary redundancies planned in response to the sluggish uptake of electric cars, the company and German employee representatives said on Friday.