Tag: #Ford
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Ford to end manufacturing in India, is likely to incur $2 billion loss
In a decision likely to cost the automobile giant a $2 billion loss, Ford Motor Co has decided to end the manufacturing in India as they have not been able to make any profits
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Japan’s Renesas acquires chip specialist Dialog in 4.9-bn-euro deal
Japanese electronics company Renesas will acquire its German-British competitor Dialog
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Indy’s Last Crusade? Harrison Ford to Reprise Iconic Role
Is this Indy’s last crusade? Harrison Ford will reprise his iconic role.
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Auto industry races to make ventilators during virus crisis
Paris, April 1 (AFP/APP): The automotive industry is offering its expertise and manpower to the hospital sector as it gears up to build mechanical ventilators during the coronavirus pandemic, an initiative that is being met with some skepticism. American auto manufacturers General Motors and Ford, French car companies PSA and Renault, and Formula 1 engineers…
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Industry races to meet demand for ventilators
Paris, March 25 (AFP/APP): Manufacturers are on a mission to produce desperately needed medical ventilators for the coronavirus pandemic, even if it means converting assembly lines now making auto parts. Along with a shortage of masks and gloves, the spread of COVID-19 to almost every corner of the globe has highlighted a great need for…
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S&P cuts Ford’s debt rating, citing weak profits
Washington, Oct 26 (AFP/APP): Ratings agency S&P on Friday knocked down Ford’s debt rating to BBB-, a notch above junk, saying falling sales and rising costs were eroding the US auto giant’s margins. The move follows last month’s similar downgrade by Moody’s, which cut Ford to junk status, and comes two days after the company…