Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.
Read More Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year
Ford is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire.
Read More Ford to recall about 85,000 vehicles due to risk of engine fire
Ford and Mazda issued do-not-drive warnings that cover more than 457,000 vehicles that contain recalled Takata airbags.
Read More Ford, Mazda Issue Do-Not-Drive Warnings For Over 457K Vehicles With Takata Air Bag Inflators
Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech mauling
Ford Motor Company is recalling over 550,000 pickup trucks in the U.S. due to transmission issues.
Read More Ford Recalls More Than Half A Million Pickup Trucks Due To Downshift Issues
Ford Motor is discontinuing a “controversial” dealership initiative for electric vehicles, which at first required store owners to invest up to $1 million in cash in order to sell EVs.
Read More Ford Ends Electric Vehicle Dealership Program, Citing ‘Less Demand’ Than Anticipated