Connect with us

Published

on

close video Ford CEO Jim Farley weighs in on the electric vs. gas vehicle debate

Ford CEO Jim Farley joined ‘Barron’s Roundtable’ to discuss the debate on electric vs. gas cars, the auto company’s growth and approach to the auto industry, and reacts to Warren Buffett’s comments on investing in the industry.

More layoffs are coming at Ford Motor in the coming weeks.

The layoffs will mostly be among U.S. salaried workers, according to The Wall Street Journal.

The upcoming move by the automaker is part of a continuing effort to streamline operations and reduce costs.

The layoffs will be announced as early as next week, people familiar with the situation tell The Journal.

NO RESERVATIONS: FORD IS CHARGING UP ELECTRIC F-150 LIGHTNING PRODUCTION

Ford Motor is reportedly preparing for another round of layoffs, mostly aimed at U.S. salaried workers. (AP Photo/Gene J. Puskar, File / Associated Press)

The number of workers involved could not be immediately determined.

The cuts are reportedly expected to affect Ford's gas-engine side of the business, as well as its electric-vehicle and software division, The Journal reported.

FORD CUTTING 3,800 EUROPEAN JOBS IN EV PUSH

Ford Motor laid off approximately 3,000 white-collar and contract employees in August 2022, and announced a 3,800 reduction to its European workforce in February 2023. (iStock / iStock)

In August, Ford laid off approximately 3,000 white-collar and contract employees.

Earlier this year, the automaker announced it was beginning a 3,800-person reduction in its European workforce.Ticker Security Last Change Change % F FORD MOTOR CO. 14.05 -0.13 -0.92%

A Ford spokesperson said the company has nothing to announce.

"As we’ve said, part of the ongoing management of our business includes aligning our global staffing to meet business plans, and staying cost competitive as our industry evolves," the spokesperson said. "At the same time, we continue to hire in key areas so that we have the skills and expertise needed to deliver on the Ford+ plan and leading product and services."

Continue Reading

Politics

Crypto isn’t crashing the American dream; it’s renovating it

Published

on

By

Crypto isn’t crashing the American dream; it’s renovating it

Crypto isn’t crashing the American dream; it’s renovating it

The US housing regulator’s decision to recognize crypto assets in mortgage applications marks a historic shift from exclusion to integration, opening new pathways to homeownership.

Continue Reading

Business

US and EU agree trade deal, says Donald Trump

Published

on

By

US and EU agree trade deal, says Donald Trump

The United States and European Union have agreed a trade deal, says Donald Trump.

The announcement was made as the US president met European Commission chief Ursula von der Leyen at one of his golf resorts in Scotland.

Speaking after talks in Turnberry, Mr Trump said the EU deal was the “biggest deal ever made” and it will be “great for cars”.

The US will impose 15% tariffs on EU goods into America, after Mr Trump had threatened a 30% levy.

He said there will be an EU investment of $600bn in the US, the bloc will buy $750bn in US energy and will also purchase US military equipment.

Mr Trump had earlier said the main sticking point was “fairness”, citing barriers to US exports of cars and agriculture.

He went into the talks demanding fairer trade with the 27-member EU and threatening steep tariffs to achieve that, while insisting the US will not go below 15% import taxes.

More from World

For months, Mr Trump has threatened most of the world with large tariffs in the hope of shrinking major US trade deficits with many key trading partners, including the EU.

Ms von der Leyen said the agreement would include 15% tariffs across the board, saying it would help rebalance trade between the two large trading partners.

In case there was no deal and the US had imposed 30% tariffs from 1 August, the EU has prepared counter-tariffs on €93bn (£81bn) of US goods.

Ahead of their meeting on Sunday, Ms von der Leyen described Mr Trump as a “tough negotiator and dealmaker”.

Follow the World
Follow the World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the latest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

Continue Reading

US

US and EU agree trade deal, says Donald Trump

Published

on

By

US and EU agree trade deal, says Donald Trump

The United States and European Union have agreed a trade deal, says Donald Trump.

The announcement was made as the US president met European Commission chief Ursula von der Leyen at one of his golf resorts in Scotland.

Speaking after talks in Turnberry, Mr Trump said the EU deal was the “biggest deal ever made” and it will be “great for cars”.

The US will impose 15% tariffs on EU goods into America, after Mr Trump had threatened a 30% levy.

He said there will be an EU investment of $600bn in the US, the bloc will buy $750bn in US energy and will also purchase US military equipment.

Mr Trump had earlier said the main sticking point was “fairness”, citing barriers to US exports of cars and agriculture.

He went into the talks demanding fairer trade with the 27-member EU and threatening steep tariffs to achieve that, while insisting the US will not go below 15% import taxes.

More from World

For months, Mr Trump has threatened most of the world with large tariffs in the hope of shrinking major US trade deficits with many key trading partners, including the EU.

Ms von der Leyen said the agreement would include 15% tariffs across the board, saying it would help rebalance trade between the two large trading partners.

In case there was no deal and the US had imposed 30% tariffs from 1 August, the EU has prepared counter-tariffs on €93bn (£81bn) of US goods.

Ahead of their meeting on Sunday, Ms von der Leyen described Mr Trump as a “tough negotiator and dealmaker”.

Follow the World
Follow the World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the latest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

Continue Reading

Trending