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Ford sold just over 24,000 Lightnings last year, up 55% from 2022. But dealers are reporting slower sales and rising inventories.
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Bill Ford, executive chair of Ford Motor Co., and his wife Lisa Ford are raising $10 million to help ten Detroit nonprofits serving young people start endowments.
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Farley said as the company looks at the transition from internal combustion to electric vehicles, “we have to think carefully about our (manufacturing) footprint.”
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The recall covers Explorers from the 2011 through 2019 model years.
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Ford cuts production of F-150 Lightning pickup on weaker-than-expected electric vehicle sales growthFord sold just over 24,000 Lightnings last year, up 55% from 2022.
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The Literacy Center of West Michigan, Amway River Bank Run Charity Partners, Quantum Mental Wellness Center, Van Andel Education Institute, and The 2024 Ford Trends Report
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Jennifer Brace joins us to talk about what's trending in the auto industry
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The company now expects to earn $10 billion to $10.5 billion before taxes in 2023. That's down from $11 billion to $12 billion that it projected last summer.
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Ford and Stellantis workers join those at GM in approving contract settlement that ended UAW strikesFord workers voted 69.3% in favor of the pact, which passed with nearly a 15,000-vote margin in balloting that ended early Saturday.Workers at Stellantis, the maker of Jeep, Dodge and Ram vehicles, voted 68.8% in favor of the deal.
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The Ford deal could set the pattern for agreements with the other two automakers, where workers will remain on strike.