Ford Motor Company’s Chief Executive Jim Farley offered fresh details on the automaker’s ambitious Universal EV Platform project at the Detroit Auto Show.
On CNBC’s Squawk Box, Ford CEO Jim Farley applauded President Trump’s proposed 25 percent tariff on heavy‑duty trucks, calling it an opportunity to level the playing field for American manufacturers. He acknowledged, however, that parts tariffs—ranging from 25 to 70 percent—create a major “headwind” for Ford, adding roughly $2 billion in costs. Farley expressed optimism that solutions are within reach through ongoing negotiations with the administration.
Ford Motor Company announced a massive recall of nearly 500,000 vehicles across the U.S. due to a potentially dangerous brake fluid issue. The National Highway Traffic Safety Administration (NHTSA) confirmed Thursday that a ruptured brake hose could lead to leaks, increasing stopping distances and raising the risk of crashes.
Tesla and Ford are racing against the clock as the federal electric vehicle tax credit is set to expire on September 30. The $7,500 incentive, which has helped drive EV adoption in recent years, is being eliminated under President Donald Trump’s newly passed “Big Beautiful Bill.” Automakers are scrambling to clear inventory before the deadline hits and prices rise.
The S&P 500 climbed to a record high on Wednesday, fueled by enthusiasm over Netflix's quarterly results and the technology sector's strong performance.
Four Venezuelan migrants are facing multiple charges after allegedly stealing nearly $5,000 worth of sunglasses from the Sunglass Hut in Oak Brook Mall on the afternoon of January 20.
