Michael Martinez Ford reporter Martinez-Michael is Ford reporter for Automotive News. [email protected] 313-446-1644 Mobile Number: 734-652-0718 See All Staff Page Recent Stories Ford of Europe boss, Lincoln chief to retire Current and former Europe presidents Stuart Rowley and Steve Armstrong and the head of the U.S.-focused Lincoln brand, Joy Falotico will leave the company. Ford reorganizes executive ranks with new talent The automaker is giving longtime executives John Lawler, Lisa Drake, Jim Baumbick expanded roles as it adds talent with "Silicon Valley credentials." Ford expects higher Q3 costs, lower earnings Ford reaffirmed full-year 2022 guidance of $11.5 billion to $12.5 billion in adjusted EBIT, which would be 15 to 25 percent more than it earned in 2021. Ford Mustang looks to broaden ICE appeal as rivals bow out The seventh-generation pony car, available next summer, features a redesigned interior aimed at attracting younger buyers. Ford Bronco customers spend big on accessories Ford says its retailers have sold more than 1 million factory-backed accessories for the Bronco and Bronco Sport utilities, with customers spending an average of $1,700 to accessorize their Bronco. Ford prepares to unveil what's likely the last gas-powered Mustang The Mustang will debut as Ford reinvents itself by slashing jobs and reorganizing its work force to prepare for a battery-powered future. Ford cutting 3,000 jobs globally, top execs tell employees The automaker needs to redeploy resources and address its uncompetitive cost structure, CEO Jim Farley and Executive Chair Bill Ford told employees. Ford to reveal next-generation Mustang at Detroit auto show Ford will use the first hometown auto show since January 2019 to take the cover off its seventh-generation Mustang, according to a person with knowledge of the plans. Ford to boost EV capacity, cut costs with new battery chemistry Using lithium iron phosphate cells in the Mustang Mach-E and F-150 Lightning will reduce material costs for those products by 10 to 15 percent, Ford said. Ford will recall nearly 50,000 Mustang Mach-Es over potential power loss The automaker said the electric vehicle's high-voltage battery main contactors could overheat, leading to a malfunction that could cause the vehicle to either not start or immediately lose propulsion power while in motion. Ford's $3.1 billion Q1 net loss tied to Rivian stock plunge; execs affirm full-year outlook Ford was profitable in Europe, North and South America but lost money in China. Why Ford's designers are developing interiors before thinking about exterior styling Increasingly connected vehicles have prompted Ford designers to develop interiors before thinking about exterior styling, says the automaker's new chief design officer, Anthony Lo. Ford's new design chief plans more concept vehicles Anthony Lo spent the past decade at Renault, where he helped implement the company's "cycle of life" design strategy that resulted in a number of award-winning concepts. Ford separating EV business from ICE vehicles in bid to boost profits The EV unit will be called Ford Model e, while Ford Blue will handle internal combustion engine vehicles in a reorganization aimed at increasing profit margins and ensuring that both powertrains succeed. Ford hires former Tesla engineering director Alan Clarke, a 12-year Tesla veteran, will work in Ford's advanced EV development department and report to Doug Field, a former Tesla and Apple engineer who Ford hired in September. Load More
Michael Martinez Ford reporter Martinez-Michael is Ford reporter for Automotive News. [email protected] 313-446-1644 Mobile Number: 734-652-0718 See All Staff Page