Ford Motor Co. plans to appeal a $1.7 billion verdict against it after a pickup truck crash that killed a Georgia couple, a company representative said.
Ford Motor Company
Ford is recalling over 2.9 million vehicles to fix a transmission problem that can increase the risk of inadvertent rollaway crashes.
The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks.
The Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price. The newspaper says the cuts would target salaried employees and would reduce Ford’s global headcount by an equivalent of 10 percent. Ford didn’t confirm the report Monday night. In a statement, the company said it’s focused…