https://www.scmp.com/rss/51954/feed Ford Motor Company was founded by Henry Ford and incorporated on June 16, 1903. It sells cars and commercial vehicles under the Ford brand and has a small residual stake in Japan’s Mazda. It is one of the big three US carmakers and the Focus and Mondeo models are among its most successful brands. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Alphabet’s self-driving technology unit Waymo laid off 137 employees, in its second round of job cuts this year, the firm told Reuters on Wednesday, bringing total cuts for the year to 8 per cent of its workforce. Waymo has eliminated some engineering roles as part of the cuts to “focus on commercial success”, the company said in a statement. The company has now cut a total of 209 jobs this year. The job cuts at Waymo are part of wider lay-offs across the car and tech industry, including at... https://www.scmp.com/tech/tech-trends/article/3212018/alphabets-self-driving-unit-waymo-cuts-more-100-jobs-second-round-lay-offs?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3212018/alphabets-self-driving-unit-waymo-cuts-more-100-jobs-second-round-lay-offs?utm_source=rss_feed Thu, 02 Mar 2023 02:37:32 +0000 China’s government will earmark a major portion of its Covid-19 economic stimulus plan towards spurring demand in the world’s largest vehicle market, extending a helping hand to an industry that accounted for one in six urban jobs. The government will slash a car purchase tax to the tune of 60 billion yuan, about 42 per cent of the 140 billion yuan (US$21 billion) of tax rebates, loans, and deferred payments outlined by the State Council after its Monday meeting. The cut, likely to halve the... https://www.scmp.com/business/china-business/article/3178986/coronavirus-beijing-cuts-tax-60-billion-yuan-spur-vehicle?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3178986/coronavirus-beijing-cuts-tax-60-billion-yuan-spur-vehicle?utm_source=rss_feed Tue, 24 May 2022 11:30:25 +0000 Ford Motor is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla and other pure-play EV makers. Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal combustion engine (ICE) business and has even considered spinning off one or the other, people familiar with the effort said. A spin-off could generate the kind of earnings multiples that have given... https://www.scmp.com/business/companies/article/3167657/ford-plans-catch-tesla-spinning-its-electric-cars-business?utm_source=rss_feed https://www.scmp.com/business/companies/article/3167657/ford-plans-catch-tesla-spinning-its-electric-cars-business?utm_source=rss_feed Sat, 19 Feb 2022 04:44:36 +0000 President Joe Biden calls himself a union guy and a car guy, and he is embraced electric vehicles as vital to his economic and climate ambitions. But there’s one US car company he won’t talk about: Tesla, the world’s most valuable carmaker and the global brand most clearly associated with EVs. “I meant it when I said the future was going to be made right here in America,” Biden said in a tweeted video with General Motors chair and Chief Executive Officer Mary Barra on Thursday. “Companies like... https://www.scmp.com/business/companies/article/3165649/tesla-gets-us-presidential-snub-biden-lauds-inroads-gm-and-ford?utm_source=rss_feed https://www.scmp.com/business/companies/article/3165649/tesla-gets-us-presidential-snub-biden-lauds-inroads-gm-and-ford?utm_source=rss_feed Thu, 03 Feb 2022 03:36:01 +0000 This article is part of STYLE’s Inside Luxury column Every time I write articles about electric cars in the luxury industry, it triggers a huge controversy. Aficionados of petrol engines tell me that electric cars have no soul, that there is no sound, and that they will never be truly luxurious. I once got a death threat from a petrol enthusiast who told me I should be punished for being supportive of the electric car future. As someone who is extremely passionate about cars and owns both luxury... https://www.scmp.com/magazines/style/luxury/article/3162510/why-mercedes-benz-eqxx-could-be-brands-most-important-car?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3162510/why-mercedes-benz-eqxx-could-be-brands-most-important-car?utm_source=rss_feed Fri, 07 Jan 2022 07:00:21 +0000