Ford Motor (F) plans to spend $850 million during the next three years to improve and expand plants in Michigan that will result in in 1,200 new full-time jobs, the automaker said Monday.
The capital improvements are part of the company’s plan to upgr…
Riding high on improved demand for its vehicles, analysts expect Ford to post a record third-quarter profit of $1.37 billion tomorrow. The automaker’s current third-quarter earnings record is $1.13 billion, set in 1997.
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Federal regulators are urging owners of previously recalled Ford vehicles to get them fixed to prevent the possibility of engine fires. Only about 40% of the 17.5 million Ford cars, trucks, vans and motor homes recalled have so…
First Toyota, now Honda: Japan’s No. 2 automaker said Thursday it also plans to recall an as-yet undetermined number of vehicles because of brake fluid leaks that could lead to reduced braking power. Toyota’s recall for same is…
Toyota Motor is issuing another recall — this time it involves 740,000 cars and sports-utility vehicles in the U.S. and nearly 600,000 units in Japan to repair a seal on the vehicles’ brake master cylinder that may leak fluid …