Tag Archives: Ford Motors

Ford Announces Layoffs, Tariffs Have Cost Them $1B

NBC News reports: Ford will be making cuts to its 70,000-strong white-collar workforce in a move it calls a “redesign” of its staff to be leaner, have fewer layers, and offer more decision-making power to employees, the company announced. The number of jobs that will be axed is unknown at this point. “A lot of the (reorganization) is about making …

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Ford Cancels China-Made Import Because Trump

Bloomberg News reports: Ford Motor Co. is canceling plans to import a new crossover model from a plant in China after President Donald Trump’s tariffs undermined the business case for bringing the vehicle to the U.S. market. Trump’s move to slap China-built autos with an additional 25 percent levy in July undermined the profitability of the Focus Active that Ford …

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Cohen Also Pitched Ford Motors But Was Rebuffed

The Wall Street Journal reports: Michael Cohen, who has served as President Donald Trump’s personal attorney, made an overture to provide consulting services to Ford Motor Co. in January 2017, but was quickly rebuffed, people familiar with the matter said. Mr. Cohen, touting his proximity to the president, contacted Ford’s office in Washington D.C.—an approach that Special Counsel Robert Mueller …

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