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February 24, 2020
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Reuters - Business

Ford shakes up top management, promises faster turnaround

Reuters
DETROIT (Reuters) – Ford Motor Co (F.N) on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear. FILE PHOTO: Jim Farley, President, Global Markets, Ford Motor Company, speaks during......
Reuters - Business

Hyundai Motor, Kia Motors to keep Chinese factories idled until February 16

Reuters
FILE PHOTO: A man walks past the logo of Hyundai Motor during the 2019 Seoul Motor Show in Goyang, South Korea, March 28, 2019. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) plan to restart production at their Chinese factories on Feb. 17, a......
Reuters - Business

Ford says Canadian agency investigating emissions certification process

Reuters
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo WASHINGTON (Reuters) – Ford Motor Co said Wednesday Canadian officials have opened a preliminary investigation into the automaker’s emissions certification process. Ford said Environment and Climate Change Canada......
Reuters - Business

Ford shares fall 8% after disappointing 2020 profit outlook

Reuters
(Reuters) – Shares of Ford Motor Co (F.N) fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also criticized the company’s management for holding back details on the earnings shortfall. FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt......
Reuters - Business

Ford shares dive after carmaker posts fourth-quarter loss, disappointing 2020 outlook

Reuters
DEARBORN, Mich. (Reuters) – Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments in future technology such as self-driving cars. FILE PHOTO: Ford Motor Co. shows the all-new......
Reuters - Business

Hyundai unveils first Genesis SUV in renewed overseas premium push

Reuters
SEOUL (Reuters) – South Korea’s Hyundai Motor Co unveiled the first sport-utility vehicle (SUV) under its Genesis brand on Wednesday, a move analysts said was crucial for the premium marque’s expansion in overseas markets. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto......
Reuters - Business

Uber partners with Hyundai on electric air taxi

Reuters
SEOUL (Reuters) – U.S. ride-hailing company Uber Technologies Inc (UBER.N) and South Korean automaker Hyundai Motor (005380.KS) have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion. FILE PHOTO: The logo of Hyundai Motor is pictured at the second......
Reuters - Business

Uber, Hyundai Motor team up to develop electric air taxi

Reuters
FILE PHOTO: The logo of Hyundai Motor is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song/File Photo SEOUL (Reuters) – U.S. ride-hailing company Uber Technologies Inc (UBER.N) and South Korean automaker Hyundai Motor (005380.KS) plan to jointly develop electric......

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