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Ford

Ford is an American OEM that sells cars and commercial vehicles under the following brands: Ford and Lincoln. This page contains research on Ford's activities and strategy.

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FORD IN THE NEWS

This information can also be found on the weekly news review.

December

  • Experienced industrial unrest in Craiova, Romania -- employees staged an impromptu strike just before Christmas and this may continue in the new year. A recent internal memo reportedly asked whether workers wanted “a higher salary increase or to secure the future of this factory”. (World Socialist)
  • US union officials called on the company to raise the wages of its Mexican employees so that they were less competitive and actions such as the recent decision to build Ford’s first mass-market electric vehicle in Mexico might not take place in future. (Economic Times of India)
  • Ford Focus RS vehicles appear to be exhibiting a design defect that results in far higher than normal engine replacements -- potentially exacerbated by owners modifying their vehicles after purchase. (Autocar)
  • Issued a recall for around 12,000 vehicles in the US. One of the problems looks as though it could have been easily fixed if Ford had installed vehicle connectivity that allowed over the air updates. (Ford)
  • Released an open letter to employees condemning harassment after newspaper reports uncovered a raft of issues at some US plants. (Detroit News)
  • Released photographs of a partially-disguised next generation Focus to build interest ahead of the 2018 launch. The effort uses #timetofocus on Twitter -- perhaps poorly timed as it is likely to be overwhelmed by people planning new training / diet regimes post 1st January 2018. (Auto Express)
  • Signed an agreement to develop digital mobility solutions for the residents of Hyderabad, India. Ford will work with the city’s government to assess the state of the current public transport and road network and then recommend solutions. Electronic payments appear to be a focus of the project. (Autocar)
  • Denied that it was intending to source the next generation Fusion/Mondeo from China and import to North America and Europe after suppliers leaked documents appearing to show China as the sole source of the vehicle from around 2020 onwards. The company declined to comment on the implications for factories in Valencia and Mexico that make the car now. (Reuters)
  • Said that it will launch 50 new vehicles in China by 2025 and that it local assembly will increase by a further five models, not including the Zotye JV, one of which will be the company’s first serious attempt at a BEV. As part of the plan, Ford wants to contain administrative costs, saying the structure would not increase beyond 2018 levels and that it was creating a single distribution group that would work with its three Chinese JVs. (Ford)
  • Agreed a collaboration with Alibaba that will potentially encompass a number of areas including digital marketing, smart vehicles and mobility services. The initial projects will look at retail sales. (Ford)
  • Planning to produce its first mainstream electric vehicle in Mexico rather than Michigan, USA. Ford said this was because it expects the market for fully autonomous vehicles to take off quickly so it wants to work on readying Flat Rock to meet the anticipated demand. (New York Times)
  • Introduced updated versions of the Transit Courier and Transit Connect (small commercial vehicles). Powertrain is now Euro 6.2-capable and Ford’s press release drew attention to the gasoline engine derivatives which feature fuel economy technologies such as cylinder deactivation. (Ford)
  • Released its 2018 trends report showing the areas that the company is watching. NOTE: the report is about societal change so those hoping for insights into diesel mix or adoption of autonomous vehicles will be disappointed. (Ford)
  • Not wishing to be outdone by GM, Ford released a blog post about its autonomous vehicle ambitions, led by a 250-strong team at Argo AI. Ford believes that a vehicle must be commercial-grade and feature upgraded attributes to enable a longer service life. The company will be beginning pilot trials in 2018, although it isn’t clear whether or not this will feature the all-new PHEV that the company is working on. (Ford)
  • Reportedly reduced the line rate in Valencia by 120 vehicles per day and will shed 280 temporary staff (up from around 100 a fortnight ago), with unspecified further employee reductions made through relocation and natural attrition. (Europa Press)

November

  • Unveiled the replacement for the Lincoln MKX and changed its name to the Nautilus. As part of a plan to deliver a more upscale user experience, Lincoln owners will get a paid subscription to a service that enables them to queue jump airport security lines. (Detroit News)
  • Announced four recalls covering over 200,000 vehicles. The main issue is loose front power seats. (Ford)
  • Enraged millions of wrestling fans by suing John Cena after the sports entertainment superstar sold his Ford GT before the end of the exclusivity period defined in the sales contract. (Economic Times of India)
  • Denied it may exit some or all South American markets following a note to investors from JP Morgan implying knowledge of management plans for an “out-of-the-box transformation plan”. (Detroit News)
  • Despite last week’s announcement of a new product in Valencia, local unions are unhappy with recent proposals from Ford to change holiday patterns and terminate the contracts of over 100 temporary employees. (Europa Press)
  • Said it would build the next generation Kuga at its Valencia, Spain plant, investing €750 million in the factory. (Ford)
  • Ended production of C-MAX Energi PHEV and will soon stop HEV as well. (Plug In Cars)
  • Signed a $765 million deal with Zotye to produce electric cars in China under a new brand. The two companies had previously signed an MoU. (Ford)
  • Bill Ford says in the past the company had “said too much” about its plans for autonomous driving and in response to criticism that the company wasn’t giving sufficient information for investors to have confidence in its future he said that clarity would be provided “when we’re ready”. (Detroit News)
  • Ford’s Chariot on-demand bus service confirmed that it is working towards a launch of operations in London. (City AM) and its subscription car service Canvas will launch in a second city, LA. (Tech Crunch)
  • French unions won a tribunal case against Ford saying that the company was violating the terms of a 2013 labour agreement where it committed to maintain 1,000 jobs at its Bordeaux site until May 2018. The union says that currently Ford only has 879 workers at the site. Workers are lobbying for the plant to be given a new transmission to produce. (Usine Nouvelle)

Q3 Earnings

  • Reported Q3 2017 financial results. Revenue of $36.5 billion was up 1.7% on a year-over-year basis, despite wholesales dropping (1.7)% to 1.5 million units. Adjusted pre-tax profit of $1.974 billion was up 40% YoY -- almost all explained by a non-repeat of recall costs in North America, although Ford attributed it to price discipline. (Ford)

October

  • Said that the “bulk” of the $14 billion of additional savings Ford said it would make following the 100-day review of the business would flow through to the bottom line, rather than be reinvested. Ford also said that it would bring autonomous vehicles into a test market in 2018. (Ford -- Webcast)
  • Argo AI announced it has acquired lidar company Princeton Lightwave, saying that it was now “uniquely positioned to innovate in both sensor hardware and the interface between sensor and software”. (Argo AI)
  • Announced a series of senior management and organisational changes. The CEO of Ford Credit now reports directly to CEO Jim Hackett and the strategy department will report to the CFO instead of the CEO. (Ford)
  • US authorities are reportedly investigating claims that Ford Fusion vehicles are susceptible to the steering wheel working loose, and in extreme circumstances coming off. (Detroit Free Press)
  • Seemingly in response to the blog post by Cruise Automation’s CEO, the CEO of Argo AI wrote an article explaining that it was “really hard” to master self-driving and that those expected rapid progress to the point where AVs are ubiquitous within “a few years” are “not well connected to the state of the art or committed to the safe deployment of the technology”. (Ford)
  • Said it would recall about 1.3 million F-150 a Super Duty trucks to fix a potential problem with water entering door latches and freezing. (Ford)
  • Had to suspend operations of the Chariot service in California after routine inspections found that some of its drivers were improperly licensed. (Wired)
  • Said that its European order bank was at record levels, having sold 30,000 Fiestas since launch. (Ford)
  • Said that it had started production of the face-lifted Ecosport in its Cariova, Romania plant. Employment at the plant will rise to 3,900 people making the small SUVs and small petrol engines. (Ford)
  • Offered a complimentary service to owners of Explorer vehicles, hoping to assuage concerns around exhaust emissions entering the cabin. Ford says that there is no issue and hopes the service offer will put the matter to rest. (Ford)
  • Ford held a strategy update session for analysts and investors to share the fruits of new CEO Jim Hackett’s 100-day study. The presentation highlighted Ford’s efforts to cut costs and improve the product. The key message was that the company is trying to move itself away from traditional low margin (and likely to be even lower margin in future) businesses such as internal combustion engines and cars. Instead, the company will invest in SUVs, mobility services and electrification with the aim of becoming the “most trusted nobility company”. The presentation was light on figures and unclear on the financial outlook, for instance it said that $7 billion was being reallocated from cars to SUVs, $0.5 billion of spending per year would move from ICEs to electrification and on top of this $14 billion of incremental savings were being made, yet it wasn’t what impact any of this has on the bottom line. Probably the most significant news was that by 2019, 100% of US cars and 90% globally will have connectivity (although Ford declined to specify what capability this would entail) and that Ford is working on new partnerships to help improve results in South America and Europe (announcements in coming “weeks, months and years”). (Ford)
  • CEO Hackett said during a speech to students that he wasn’t ready to trust a self-driving car, although he would be “very soon”. (Jalopnik)

September

  • Ford said that it would work with Lyft to integrate fleet vehicles (as opposed to driver-owned) into the Lyft system as a precursor to offering robo taxis. In the system that Ford described, it would have a technology platform that operated a pool of vehicles that could be assigned to jobs from companies such as Lyft. (Ford)
  • Ford said that production of JLR engines in its Bridgend plant will end in September 2020. According to Ford, this is 3 months earlier than expected (around half the plant’s 2,000 employees work on the engine). From 2021 onwards, the plant will only build a small petrol engine at a rate of around 125,000 per year; a marked decline from current levels. (BBC)
  • Announced a wide-ranging collaboration with Mahindra set to last for up to three years, at the end of which, further announcements could be made. The companies will set up joint groups to look at: mobility programs; connected vehicles; electrification; product development; sourcing and distribution. (Ford)
  • Is planning shutdowns at five plants in the US and Mexico due to a downturn in sales. Flat Rock will idle for 2 weeks; Michigan for 1; Kansas City for 2; Cuautitlan for 3; and Hermosillo for 2. (Detroit News)
  • The head of Ford’s smart mobility arm said that the company was working on a range of experiments to help it learn about a future state where there were fewer vehicles but more intensive use. (Economic Times of India)
  • Will add a second shift at its Russia joint venture plant in Elabuga, Tartastan due to increasing demand, creating 700 jobs. (Detroit News)
  • Revealed that it was behind the scheme to test responses to driverless schemes by having a human driver disguised as a seat. The project wasn’t a total success as a journalist spotted the driver’s hands in August and their reporting became an internet sensation. Ford revealed that the unfortunate driver had to sit through 150 hours of tests. (Ford)
  • The UAW’s chief representative for Ford said that Ford CEO has told him that the strategic review to be presented on 3rd October will not call for additional job reductions in the US. (Bloomberg)

August

  • Reported US sales for August of 209,897 units, down (2.1)% on a year-over-year basis. The decline was more than explained by drops in SUVs and Cars. (Ford). Ford’s sales in India were also down considerably YoY, a drop of (40)%. (Economic Times of India)
  • Said it will recall approximately 1.2 million vehicles in North America for two separate issues -- airbags and steering problems. (Ford)
  • Ford’s VP of manufacturing in Asia gave an interview in which he said that energy costs for production are currently higher than personnel costs in the region and then gave some examples of how Ford is trying to reduce energy usage. (AMS)
  • Said that it had signed an MoU with Chinese manufacturer Anhui Zotye to create a range of all-electric vehicles under a new brand. The JV appears to be aimed specifically at the Chinese market and would be Ford’s 3rd joint venture partner in China. Memo: Ford is following the lead of GM and Daimler by planning a China-only EV brand developed with a partner. (Ford)
  • Said that it will provide a strategic update -- presumably the new CEO’s much vaunted 100-day plan -- October 3rd. Memo: The news conference will be held on Hackett’s 134th day in charge. (Ford)
  • Ford’s VP of autonomous and electric vehicles wrote in a blog post about the company’s efforts to create a driverless vehicle for moving people and goods, but didn’t mention any timing. He revealed that the vehicle will be hybrid electric “initially” and his description makes the product Ford are developing sound like a combi-van. (Ford)
  • Is investing in Transit vehicle production (with its joint venture partner). In order to increase capacity from 290,000 to 330,000 vehicles per year. The higher production rate will be in place by September 2018. (Ford)
  • Announced that it would give a £2,000 scrappage allowance to customers in the UK who traded in older gasoline and diesel vehicles. Although Ford touted the air quality benefits, the BBC saw boosting car sales as a possible ulterior motive. (BBC)
  • Held an event in San Francisco where CEO Jim Hackett said that he believed autonomy would not lead to a big reduction in sales or car ownership. He was also non-committal on the current status of Ford’s previous commitment to bring a driverless car to market by 2021. (Detroit News)
  • Showed the all-electric commercial vehicle developed with DHL / StreetScooter. Named the StreetScooter Work XL, the vehicle can be fitted with a range of battery sizes (30 - 90 kWh = 80 - 200km range) and has different payload configurations. (Ford)
  • In an interview, the CEO of Argo.ai (in which Ford has a majority stake) talked about how and why his AI philosophy avoids deep learning algorithms and that the plan is have around 200 employees by the end of the year (from around 100 now and virtually none at the beginning of the year). (The Verge)
  • Announced that it will host a hackathon-style event in Paris over 25-26 October with a €30,000 prize on offer for the best entries. (Ford)
  • Copies of Ford’s patent for a removable steering were released. Having previously publicised its plans for a vehicle without a steering wheel by 2021, Ford believe that a removable device is required for a variety of use cases, including: extreme manoeuvre testing of production-intent vehicles and retrofitting steering wheels for users who are put off travelling in a vehicle where they are unable to take control. (US Patent Office)
  • Is reportedly under investigation by German regulators over possible diesel emission testing irregularities in Mondeo 2.0 litre models. Although the engine is used by other Ford nameplates and PSA, enquiries appear limited to the Mondeo at present. (Manager Magazin)
  • Ahead of taking part in the German diesel summit, Ford announced a trade-in incentive of up to €8,000 for EU3 vehicles (cars registered before 1st January 2003). Beyond the apparent generosity of the headline, Ford’s incentive offer looks like it is aimed at a small number of vehicles and the full incentive only applies to the most expensive vehicles in its range. (Handelsblatt)
  • Announced July sales figures for the US. Total sales of 200,212 units were down (7.5)% on a year-over-year basis. SUVs were the only segment where Ford gained sales with trucks as well as passenger cars down YoY. Ford blamed a stop-sale on Transit for the lower truck volumes. (Ford)
  • Following an interview with the CFO, Reuters wrote an article about Ford’s progress on its 100 day plan. India appears to be an area of considerable focus, with the company weighing future growth against current profitability. The timing and investment of Ford’s current commitment to bring a self-driving vehicle to market by 2021 are also said to be under review as well as possible cessation of Mondeo production in Europe. (Reuters)

Q2 Earnings

  • Reported 2nd quarter financial results. Pre-tax profits of $2.5 billion were down $(0.5) billion on a year-over-year basis. Cash flow was down $(2.9) billion YoY. Ford also announced a change to the way that it provided earnings forecasts by switching to an adjusted EPS rather than profit measure. (Ford)
  • Announced June sales figures for US and China. In the US, sales were down (5.1)% on a year-over-year basis, with increases for trucks and SUVs failing to offset a fall in fleet sales and passenger cars. (More…). Ford’s Chinese JVs reported sales up 15% YoY. (More…)
  • Announced June European sales of 128,400 vehicles, a decline of (1)% on a year-over-year basis. Ford was keen to stress the performance of CVs and SUVs and that sales were up in EU20 markets. On a vehicle line level, Fiesta (on run out ahead of the next generation model) more than accounted for the drop. (More…)

July

  • Will recall about 117,000 vehicles in North America to fix problems with seat belts. (Ford)
  • Said that it will stop production (and therefore all sales) of its B-MAX vehicle in September 2017. Instead, Ford will begin production of the EcoSport SUV (currently imported from India), reportedly hiring 1,700 additional employees. (Romania Insider)
  • The Australian consumer watchdog said it was taking Ford to court for its conduct in dealing with customer complaints about transmission problems. (Reuters)
  • Saw US safety body NHTSA increase an investigation into exhaust fumes entering the passenger cabin. An additional 400,000 vehicles have been added, bringing the tally of potentially suspect vehicles to 1.3 million. (Detroit News). Many of the vehicles were Police units and Ford drew attention to the possibility of aftermarket modifications causing odour and fume leaks. It also offered to repair affected vehicles, regardless of age or reason. (Ford.)
  • Said that shuttle service Chariot will expand to New York. (TechCrunch)
  • Saw media speculation about plans to end production and sales of Fiesta (in 2018 or 2019), Taurus (in late 2018) and C-MAX (in early 2019) in North America. (Detroit News)
  • Was reportedly approached by Lucid Motors to explore whether Ford was interested in buying the electric car start-up. Ford was said to be consumed by a 100-day review of its activities (other sources said that Ford wanted to buy Lucid but came up with a term sheet that was too complicated). (More…)
  • Ford announced its first dealer in Kuwait. (More…)
  • Ford showed off the road-going GT, boasting that it contained more lines of software programming than an F-35 fighter jet (10 million to 8 million). (More…)
  • Issued a recall notice for around 6,000 2017 model year vehicles in the US to fix problems with the transmission. (More…)

June

  • Announced that the Ford-branded GoBike scheme (run by a 3rd party called Motivate) had launched in San Francisco. The scheme will ultimately have 7,000 bicycles available. (..)
  • Will hire 160 people and renew 240 temporary positions at its plant in Valencia, Spain due to a line rate increase to satisfy demand for Kuga. Following the hiring, line rate will rise from 1,810 cars per day to 1,920. (More…)
  • Announced that 400,000 Transits will be recalled in the US to fix problems with the driveshaft flexible coupling. A very small number of Police Interceptor and Escape vehicles will be recalled to fix specific issues. (More…)
  • Announced that it would source the next generation Ford Focus (from 2019) from China rather than Mexico for North America sales. The move will save $1 billion versus Ford’s original plan, of which $500 million has been previously announced after Ford’s decision to scale back its Focus plan. The Focus will also be made in Europe. The move was announced by Ford in a press release that headlined the already widely known sourcing of SUVs rather than the Focus news. (More…)
  • Will recall 39,315 vehicles in India and 15,600 in South America to correct problems with the power steering. (More…)
  • Said that robust sales of LCVs will help Ford to remain profitable in Europe, despite Brexit currency and market growth headwinds. (More…)
  • Announced a collaboration with Deutsche Post’s subsidiary Streetscooter (maker of the eponymous light delivery vehicle) to make an all-electric version of the Transit chassis cab (it will have a purpose built box installed on the back). Production will begin in July 2017 with an aim of building 2,500 units by the end of 2018. (More…)
  • Said that it will open an office dedicated to European mobility solutions in London. The office space chosen can accommodate up to 40 people. (More…)
  • Reported European sales for May 2017. Ford sold 118,000 vehicles, an increase of 6% year=over-year. Ford saw increases in SUVs and CVs with decreased sales of traditional passenger vehicles. (More…)
  • New CEO Jim Hackett had a wide-ranging interview in which he talked about his 100 day plan which has four key elements: Re-evaluate revenue opportunities; evaluate the fitness of the company; re-evaluate capital deployment; renew focus on innovation. Hackett appeared to take personal credit for recruiting Ford’s head of autonomous vehicles (a move announced only 3 days after he became CEO). (More…)
  • Chairman Bill Ford said that it would be up to governments and regulators to decide on the ethics of how autonomous vehicles would makes decisions in crash scenarios. Ford called this the “difficult piece” of autonomy. (..)
  • Ford sent out redundancy offers to 15,000 salaried staff as part of the actions to reach a target of eliminating 1,400 positions. The payouts are expected by Ford to be between 3 and 18 months pay. (..)
  • Will add a week of production in its Louisville, Kentucky SUV plant this summer due to increased demand. (..)
  • Reported May US sales figures. Total sales of 241,126 units was an improvement of 2.2% on a year-over-year basis. Car volumes were down 10% YoY, more than offset by gains in Trucks and SUVs. (..)

May

  • CEO Mark Fields retired and was replaced by former Steelcase CEO Jim Hackett, who has served as a Ford board member from 2013 to 2016 and been chairman of subsidiary Ford Smart Mobility LLC since 2016. At the same time as the appointment, Ford added a layer to its executive management team by announcing three newly created positions: Joe Hinrichs will become EVP, Operations; Jim Farley is EVP, Markets; Marcy Klevorn is EVP, Mobility. (..)
  • Following on from the new CEO appointment and the creation of the new layer of executive management, Ford made a series of subsequent executive announcements. There will be new regional CEOs in North America, Europe, Middle East and Africa and Asia Pacific (only South America remains unchanged). The purchasing function will now become a part of product development and a new position of vice president for autonomous vehicles has been created. (..)
  • Issued two safety compliance recalls in North America. In total about 3,000 F-series and Explorer vehicles are affected. (..)
  • Has launched a buy out programme targeted at making 1,400 job cuts in North America and Asia. The figure is 10% of a targeted subset of the workforce in these locations. Media had initially reported figures of up to 20,000 job cuts, consistent with a 10% reduction in the entire global workforce. (..)
  • Head of product development Raj Nair said that Ford was using recent acquisition Chariot to experiment with fleet management and could develop it into a tool for autonomous fleet management. (..)
  • Announced Europe sales results for April. Overall sales of 100,800 vehicles were down 11% year-over-year. Passenger car sales fell 13% YoY, while commercial vehicles fell 5%. Ford trumpeted SUV sales growth. (..)
  • Said that it will invest $350 million into its transmission plant in Livonia, USA. The investment will create 800 jobs and be for a new front wheel drive transmission. (..)
  • Saw increased pressure on CEO Mark Fields due to the company’s poor stock price performance since he took over. Media reports speculated on the motives for a reported scheduled extension of a board meeting in order for board members to question Fields on the company’s strategy but it was unclear if this was something other than normal practice. (..)
  • Ford of Europe, Middle East and Africa CEO Jim Farley called for ideas to reduce the number of cars in cities saying “we must work on how to take cars out of the system when there is an alternative, more sustainable solution”. (..)
  • Ford of Europe, Middle East and Africa CEO Jim Farley said that UK trade deals with Turkey and South Africa were “equally important” to a post-Brexit trading agreement between the UK and EU. He also said that a transition period would be “really critical for the future of our investments in the UK”. (..)
  • Said that April US sales of 214,695 vehicles were down 7.2% year-over-year. (..)
  • Said that it was temporarily laying off 130 workers at its Ohio plan due to slowing demand for trucks. (..)

Q1 Earnings

  • Reported Q1 2017 revenue of $39.1 billion, a year-over-year increase of 4%. Net income of $1.6 billion was down 35% from the prior year. (..)

April

  • Announced five test fleets would trial 20 Transit plug-in hybrid vehicles (PHEV) in London for the next 12 months. Ford did not provide specific details on range but said that there would be sufficient electric power for “the majority of inner-city trips”. The PHEV version of the Transit is scheduled for launch in 2019. (..)
  • Ford and GM expressed public support for President Donald Trump’s proposed tax reforms. (..)
  • Ford researchers published a paper showing a route to charging prismatic lithium ion cells to 85% in 2 minutes and 100% in 3 minutes (the rest did not reflect a full battery lifetime). (..)
  • EVP for the Americas Joe Hinrichs said that Ford remained calm about Tesla’s valuation and that “at the end of the day, we run our business to serve our shareholders”. (..)
  • VP of US marketing, sales and service Mark LaNeve said that Ford expects SUVs to grow from current levels of almost 40% of sales to 45 percent within five to seven years. (..)
  • Gave details of its “ambitious” electrification strategy for China including local EV production, and investment of 1.3 billion yuan in the research centre at Nanjing to develop electrified powertrains and “a broad range” of EVs by 2025. Specific product announcements were plug-in hybrids and an all-new fully electric small SUV within five years (estimated range over 450km) (Source)
  • Announced a “clever cot” which simulates a car journey so that babies can get to sleep more easily (not an April Fool’s joke) (Source)
  • Was ranked as the leading company in autonomous driving technology in a Navigant study. (Source)
  • March US sales were down 7 percent although F-series grew 10 percent (Source)

March

  • Seeking to limit the growth of long term car loans in Canada. Ford said that 41% of sales in Canada have a loan term of six years or more or a lease term of five years or more.
  • Announced new investment in its Essex (Windsor, Canada) engine plant, fulfilling a commitment made as part of agreeing a new labour contract in 2016.
  • Announced a new R&D centre in Ottowa to work on connected vehicles, employing 400 workers taken on from Blackberry (note: none of the employees were from QNX).
  • Announced a recall of 570k vehicles in North America and Europe that will cost an estimated $295m (360k vehicles recalled due to potential engine fires, 211k for potential faulty door latches). There were two additional minor recall actions of less than 1,000 vehicles.
  • Announced a recall of 53k F-250 trucks because they can roll away even when parked. The cost was not disclosed.
  • Said that any Brexit deal must include tariff-free trade with the Customs Union as well as the EU and allow access to the “best” talent
  • Announced a collective $1.2bn of investment in 3 Michigan (USA) plants - Flat Rock, Romeo and Wayne
  • Announced that it will roll-out the Vignale premium range to all UK dealers this year
  • Confirmed that the Saarlouis, Germany plant will make the next generation Focus and will receive €600 million in investments to prepare for the new model. (More…)
  • Said that it would begin trials of the Stratasys Infinite Build 3D printing facility to see whether it could progress the technology beyond prototype parts and into production vehicles.