Moody’s Deals a Blow to Ford With Credit Downgrade
The automaker's lackluster performance in profit margin and free cash flow leads the credit rating agency to relegate Ford's debt to junk status.
U.S. Trade Policy Fails to Reshore Manufacturing
Several government measures designed in part to bring manufacturing jobs back to the United States are having the opposite effect so far.
Ford to Cut 12,000 Jobs in Europe
The cuts come amid falling demand for vehicles and pressure to streamline operations.
Ford Cuts 7,000 White Collar Workers to Save $600 Million
The automaker is laying off about 10% of its global salaried workforce as part of its restructuring effort.
CFOs on the Move: Week Ending March 22
Ford, Interscope Geffen A&M Records, Plantronics, Univest Financial, Ready Capital, Meritor, Franklin Resources, CNO Financial, Carbon Black
Ford Probing Problems With Fuel Economy Claims
Ford hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns.
Converging Technologies Will Lead to ‘Continuous Auditing’
Technological advancement also promises huge strides for many industries but perhaps a dire fate for others, a futurist tells accountants and auditors.
Ford to Cut 1,400 Jobs in Profitability Push
The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.
Ford’s Heavy Spending to Cut Into 2017 Profit
Ford is hoping its investments in new technologies will help it "expand beyond its core auto-making business and enter new transportation-related services."
Ford Swings to $783M Loss on Special Charges
The company's fourth-quarter performance was particularly strong in Europe, where Ford earned $166 million, up 27% from a year ago.
Ford Chooses U.S. Investment Over Mexico Plan
The decision to scrap a planned $1.6 billion factory in Mexico is a "vote of confidence" in Donald Trump's economic policies, Ford says.