Ford Issues Recall for 850,000 Vehicles
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Ford Motor stock fell Friday, and one thing weighing on investor sentiment is quality.Shares of the auto maker lost 1.1%, closing at $11.78. The S&P 500 and Dow Jones Industrial Average fell 0.3% and 0.
Ford checked in just below industry average in J.D. Power's 2025 Initial Quality Study. Ford's quality improvement will take time to see as new vehicles replace old models. One of the big knocks against Ford Motor Company (NYSE: F) over the past few years has been its recalls,
The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.
Ford knows this, and it's why the company launched an employee pricing incentive just a few months ago. Most recently, it introduced a new incentive program for the summer called "0-0-0," in which customers can buy a new Ford for $0 down, pay 0% interest for 48 months, and make no payments for the first 90 days.
Ford and its philanthropic arm are donating money, and dealers will donate cars and aid to Texans impacted. Toyota and GM have plans to help, too.
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Ford Motor Co. has struck a deal with a German labor union that includes protections for more than 10,000 workers at its Cologne plant and voluntary job reductions as the Dearborn automakers struggles with selling electric vehicles in Europe.
Ford has agreed to a job protection scheme at its Cologne plant covering over 10,000 workers, with voluntary redundancies planned in response to the sluggish uptake of electric cars, the company and German employee representatives said on Friday.
GRAND RAPIDS, MI – The Gerald R. Ford International Airport will receive nearly $2.4 million through the Federal Aviation Administration’s Airport Improvement Program. The grant will support key infrastructure improvements at the airport, according to a news release from U.S. Representative Hillary Scholten’s office on July 11.