Yahoo Finance automotive correspondent Pras Subramanian examines Tesla's choice to raise the price of its Model Y while Ford holds steady with the pricing of its Mustang Mach E after its recent price drop.
Ford CEO Jim Farley hinted on a SiriusXM radio show that the company is not as lean as it could be, adding to a previous statement that the company needs to reduce costs
The Ford Motor Co works council in Cologne, Germany invited workers to a meeting on Feb 14 to update them on negotiations with management over planned job cuts at Ford's plants in Europe, a union representative said on Tuesday. Ford said in late January it would decide by mid-February how many jobs would be lost in the region after the works council at its Cologne plant, which supports the interests of employees, informed employees that up to 3,200 roles may be cut in the worst-case scenario. A spokesperson for Ford declined to comment.