Tag: Ford

• Tuesday, May 4th 2021 - 08:50 UTC

  Uruguay: “Unicorn” dLocal eyes Wall Street and new Ford plant offers around 200 jobs to produce

  

  Uruguay's first “unicorn” (an emerging technology-based company worth over US $ 1 billion) local is reportedly planning to land on Wall Street, according to Bloomberg.

• Friday, April 30th 2021 - 08:30 UTC

  Ford increases output in Argentina, hires more workers

  

  Despite all pandemic-related setbacks, Ford's carmaking plant in Pacheco, 30 kilometres northwest of the Autonomous City of Buenos Aires (CABA) in Argentina, has increased its output of the Ranger model, for which 256 new personnel has been hired, it was reported.

• Thursday, January 14th 2021 - 08:35 UTC

  Bolsonaro accuses Ford of closing its plants because “they want subsidies”

  

  Brazil’s President Jair Bolsonaro attributed Ford Motor Co.’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies from the government.

• Tuesday, January 12th 2021 - 08:56 UTC

  Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

  

  Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

• Thursday, December 3rd 2020 - 09:50 UTC

  Ford plans to invest US$ 500 million in Argentina to launch its new Ranger model

  

  U.S. automaker Ford on Tuesday announced it will invest 580 million U.S. dollars in Argentina to manufacture the next generation of its Ranger model truck at its plant in the city of General Pacheco, in northern Greater Buenos Aires.

• Friday, June 5th 2020 - 07:31 UTC

  Argentina auto industry rebounding gradually from zero production in April

  

  The Argentine auto industry bottomed out in April, the first full month of the quarantine in force in the country since March 20. With all its factories closed since that day, not a single vehicle left the assembly lines, a catastrophe without historical precedent. But little by little, last week they came back to life under strict sanitary protocols, with only one shift per day and production at one-third of the installed capacity.

• Wednesday, May 27th 2020 - 08:08 UTC

  Mexican auto industry picks up with approved safety measures

  

  Mexico's auto industry reopening picked up the pace on Tuesday, with Fiat, Chrysler, and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.

• Wednesday, September 4th 2019 - 09:17 UTC

  Restructuring Ford's Sao Paulo truck plant means sacking 1.300 workers and lowering salaries of the remaining

  

  Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co's plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant's workers.

• Tuesday, May 14th 2019 - 09:21 UTC

  Ford assets in Brazil to be acquired by Chinese businesspeople

  

  The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.

• Friday, May 3rd 2019 - 09:17 UTC

  Ford agreement with workers for a friendly shutdown of its historic plant in Sao Paulo

  

  Ford Motor Co said it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the end of the year, paving the way for a friendly shutdown or potential takeover by a local buyer.