Ford Motor

Ford slows EVs, sends a truckload of cash to investors

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DETROIT: Ford Motor shares jumped on Tuesday after the automaker said it will return more cash to shareholders, starting with an extra 18 cents-per-share dividend in the first quarter, joining General Motors in giving investors more of the cash spinning from North American combustion trucks. Ford forecast $10 billion to $12 billion in pretax profit … Read more

Zoomcar brings on board Flipkart’s Adarsh Menon as president

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Ford Motor-backed Zoomcar on Thursday announced the appointment of former Flipkart and Hindustan Lever senior executive Adarsh Menon as its president. This follows the car-sharing marketplace’s recent listing on the Nasdaq stock exchange in the US. In his new role, Menon will be responsible for growth, operations, and customer experience at Zoomcar. Menon, who has … Read more

Your New EV Is Even More Expensive Now

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Happy Tuesday! It’s January 2, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Rivian Recalls Nearly Every Car It Has Built 1st Gear: EVs In The U.S. Just Got More … Read more

Tesla May Not Hit Its Lofty Sales Goals

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Happy Wednesday! It’s December 27, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla Sales Are Good, But Likely Will … Read more

You Had To Square Dance In School Because Henry Ford Hated Jazz

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I’m not sure if they torture kids like this still, but the worst four-week period of my 6th grade life was our unit on square dancing in gym class. And wouldn’t you know it? One of the worst experiences of my academic life — and possibly yours as well — can be blamed on Henry … Read more

ford: Ford drives out of deal to sell Tamil Nadu plant to JSW

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Ford Motor Co. unexpectedly abandoned plans to sell its Tamil Nadu plant, its sole remaining factory site in the country, after finalising a deal with the Sajjan Jindal-led JSW Group recently, said people with knowledge of the matter. The decision fuelled speculation that the US company may be considering a re-entry into the world’s third … Read more

Tesla Gigafactory Hourly Workers Get Raises, Still Underpaid

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Good morning! It’s Tuesday, December 19, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Nevada Tesla Factory Workers Get Pay Raise Tesla … Read more