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OREA Statement on Proposed Pro-Housing Solutions in the Ford Government's Fall 2024 Red Tape Reduction Package
GlobeNewswire News Room· 2024-11-21 23:00
TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- "Yesterday, the Government of Ontario introduced the Cutting Red Tape, Building Ontario Act, 2024 within their Fall 2024 Red Tape Reduction Package, which, if passed, will provide better services, keep costs down, and bolster the economy. OREA is pleased to see the Ford Government continuing to address the housing affordability crisis by working to fix administrative backlogs, streamline approvals, and remove barriers to building more homes. Some of these solutions ...
Stalled European Electric Vehicle Sales Trigger 4,000 Job Cuts At Ford
Forbes· 2024-11-21 03:04
福特公司欧洲业务裁员情况 - 福特公司宣布在欧洲业务削减4000个工作岗位裁员将在未来三年进行德国将减少2900人英国减少800人其余300人分布在欧洲其他地区[1][2] - 公司希望到2027年底主要通过自愿方式实现所有裁员[3] 福特公司面临的行业环境 - 福特2023年投入500亿美元开发新的电动汽车系列并扩大现有系列但进展艰难这是不到两年内公司在欧洲的第二轮裁员[4] - 福特及其西方同行面临来自中国相对廉价电动汽车进口的激烈竞争欧盟对中国进口汽车加征关税最高达45.3%[5] - 中国电动汽车年制造产能近300万辆被认为是当前欧盟市场规模的两倍多[6] - 英国汽车制造商如果电动汽车在其总销售额中所占比例不达标将面临每辆车高达15000英镑的罚款且达标比例逐年上升[7] - 英国汽车行业游说团体称英国政府的立场不可持续因为该国电动汽车销售市场份额停滞在18%[8] - 福特对英国和欧洲大陆的此类政策表示担忧其欧洲竞争对手也在遭受利润下降沃尔沃也调整了2030年电动汽车生产目标[9] - 欧洲汽车制造商协会敦促欧盟政策制定者解决与即将到来的2025年目标相关的高昂合规成本[10] - S&P Global数据显示2024年上半年到下半年市场预期发生重大变化该公司大幅下调2025年电池电动汽车市场份额预测从27%降至21%[11]
Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition
Business Insider· 2024-11-20 22:16
Advertisement Ford is cutting 4,000 jobs in Europe after "significant losses" in its passenger vehicle operations.The company also cited rising competition and weaker-than-expected demand for EVs.Ford CFO John Lawler called for joint industry action in a letter to the German government.Ford said it would cut 4,000 jobs in Europe by the end of 2027 amid rising competition and weaker-than-expected demand for EVs.The job cuts will mostly affect Germany and the UK after the company suffered "significant losses ...
Ford Faces Regulatory Scrutiny Related to Previous Recalls
ZACKS· 2024-11-20 01:21
Ford (F) is facing regulatory scrutiny for insufficient or ineffective recalls just days after being fined by the National Highway Traffic Safety Administration (NHTSA). The agency has now launched two separate investigations into recent recalls.The first probe involves approximately 113,000 Ford Expeditions from model years 2019–2020. In February, Ford recalled about 78,000 of these SUVs due to a seatbelt issue where the belts could tighten up and hold people even if there was no crash. NHTSA received comp ...
Ford facing two new probes into recalls after it was slapped with historic fine
New York Post· 2024-11-19 01:36
The National Highway Traffic Safety Administration said on Monday it has opened two new investigations into Ford recalls, the latest scrutiny by regulators of the No. 2 US automaker.Last week, Ford agreed to a $165 million civil penalty after an NHTSA investigation found the automaker failed to recall vehicles with defective rearview cameras in a timely manner.On Monday, the auto safety regulator opened an investigation into whether Ford should recall 112,000 Ford Expedition SUVs over seat belt issues and a ...
Ford ordered to pay $165M over delayed rearview camera recalls — NHTSA's 2nd largest fine ever
New York Post· 2024-11-16 04:57
The National Highway Traffic Safety Administration said Thursday Ford Motor has agreed to a $165 million civil penalty after a government investigation found the automaker failed to recall vehicles with defective rearview cameras in a timely manner.Under a consent order that will last at least three years, the No. 2 US automaker must pay $65 million in cash, spend $45 million on advanced data analytics, a new testing facility and other projects and $55 million will be held in abeyance subject to complying w ...
Ford hit with $165M penalty from NHTSA, second-highest in agency's history
Fox Business· 2024-11-16 02:06
The National Highway Traffic Safety Administration (NHTSA) imposed a $165 million civil penalty on Ford as part of a consent decree, after determining the automaker failed to recall vehicles with defective rearview cameras in a timely manner. The penalty, which is the second-highest ever issued by the agency in its 54-year history, involves an upfront payment of $65 million, with an additional $55 million deferred and $45 million for performance obligations, NHTSA said. Ticker Security Last Change Change % ...
Ford will pay up to $165M fine for rearview camera recall failures
TechCrunch· 2024-11-15 04:13
In Brief Ford has agreed to pay a $165 million penalty to federal regulators after moving too slowly to recall vehicles with faulty rearview cameras. This is the second largest fine the National Highway Traffic Safety Administration (NHTSA) has handed out in its 54-year history, after the 2019 Takata airbag recalls.  Ford also failed to provide accurate and complete information in its reports to NHTSA and to submit certain quarterly recall reports in a timely manner, according to the agency’s consent repor ...
Look into the future with Ford's Jennifer Brace at Green Truck Summit
GlobeNewswire News Room· 2024-11-13 23:00
FARMINGTON HILLS, Mich., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Jennifer Brace, chief futurist at Ford Motor Company, will serve as Green Truck Summit keynote speaker on March 4, 2025. Held annually as part of Work Truck Week, Green Truck Summit (GTS) is a full-day immersion into advanced technology for commercial vehicles. New for 2025, GTS Breakout Session Tracks highlight how technology can improve vehicle productivity and efficiency in internal combustion engines and advanced fuel applications. Work Truck We ...
Ford is slashing the working hours of some of its German factory employees amid what it calls a 'significantly lower than expected' demand for its EVs
Business Insider· 2024-11-13 14:10
Ford is getting its workers in Cologne, Germany, to work fewer hours.The carmaker said a "lower than expected demand for electric vehicles" brought on the shift.The carmaker has more than 4,000 employees at its Cologne plant. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...