The Ford Motor Company has contributed $100,000 to the National Automobile Dealers Association (NADA) Foundation’s Workforce Initiative. “Ford is acutely aware of the current automotive service technician shortage,” said Frederiek Toney, president, Global Ford Customer Service Division. “The NADA Foundation’s Workforce Initiative is just one program Ford is supporting to raise awareness of and access […]
Ford to Introduce Electric Mustang SUV
Ford announced it is expanding the Mustang family with the Mustang Mach-E, an all-new, all-electric SUV. “At the first-ever Detroit auto show, Henry Ford said he was working on something that would strike like forked lightning,” said Bill Ford, executive chairman, Ford Motor Company. “That was the Model T. Today, the Ford Motor Company is […]
Ford Announces Tentative Agreement with UAW
Ford Motor Company announced it has reached a tentative agreement with the United Auto Workers Union on a new four-year contract. According to Bill Dirksen, Vice President, Labor Affairs, Ford Motor Company, “Ford can confirm the UAW’s announcement that the UAW and Ford have reached a proposed tentative agreement on a four-year contract. Further details […]
Genstar Capital Completes Acquisition of OEConnection
OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
Ford Sells Vehicle Subscription Service
Vehicle subscription app Fair announced that it will acquire the assets of Canvas, a vehicle subscription service and wholly owned subsidiary of Ford Motor Credit. The acquisition will enable the company to continue to accelerate consumer adoption and expansion throughout the U.S. Terms of the sale were not disclosed. Fair is an app-based vehicle subscription […]
Genstar Capital Acquires Majority Stake in OEConnection
OEConnection LLC (OEC) Providence Equity Partners L.L.C. and Genstar Capital, announced an agreement for Genstar to acquire a majority stake in OEC from funds advised by Providence. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in the Company. Financial terms of the transaction were […]
Federal Appeals Court Rules Against ABPA in Ford Collision Repair Part Design Patent Suit
Upholds lower court finding that Ford’s design patents for the F-150 are valid and enforceable. The United States Court of Appeals for the Federal Circuit on July 23 published its public opinion rejecting arguments by the Automotive Body Parts Association (ABPA) that design patents covering a hood and headlamp for the Ford F-150 are invalid. […]
Ford and Volkswagen Expand Autonomous and Electric Vehicle Collaboration
Ford Motor Company and Volkswagen AG today announced they are expanding their global alliance to include electric vehicles – and will collaborate with Argo AI to introduce autonomous vehicle technology in the U.S. and Europe. Volkswagen CEO Dr. Herbert Diess, Ford President and CEO Jim Hackett as well as Argo AI CEO Bryan Salesky announced […]
HLDI Reports Ford F-150 Repair Costs Remain Steady Despite Aluminum Parts
While repair costs have not increased due to aluminum, analysis shows longer time to repair vehicles and higher claim frequency. The Highway Loss Data Institute (HLDI) reports that Ford’s switch to aluminum for the body of the F-150 pickup hasn’t resulted in higher repair costs, in part because the company is pricing the aluminum parts […]
Spanesi Receives Global Collision Repair Equipment Approval from Ford
Spanesi Americas announced collision repair equipment and technology has earned Global Certification from the Ford Motor Company. In a letter dated April 2, Gerry Bonanni, Ford Customer Service Division (FCSD) Paint & Body Senior Technical Engineer at Ford Motor Company, wrote, “After our combined development and testing efforts at the Ford Paint and Body Technology […]