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.

  • The job cuts at Waymo are part of wider lay-offs across the car and tech industry, including at Rivian Automotive, General Motors and Meta Platforms
  • Alphabet said in January it would slash 12,000 jobs, which would affect a large number of employees who support experimental projects

China’s vehicle industry took a deep dive last month, as Shanghai went into a citywide lockdown, which idled car plants from General Motors to Tesla and Volkswagen.

The company faces pressure from Wall Street to spin off its nascent EV business to boost value by shedding legacy costs and to gain greater access to capital markets.


There’s no mystery behind Biden’s antipathy towards Tesla. The president has enjoyed the support of unions including the United Auto Workers (UAW), while Musk is hostile toward unions and workers aren’t organised.