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  • BREAKING NEWS
3 hours ago

Suspect dead after shooting at Nashville private school

The suspect in a shooting at a private Christian school in Nashville on Monday is dead, officials said.

BREAKING NEWS

Suspect dead after shooting at Nashville private school

DEARBORN


Michigan regulators encourage public comment on power outages

Michigan regulators are encouraging the public to attend two town hall-style meetings in Jackson and Dearborn to comment on recent power outages induced by winter storms.

foxnews.com

Ford stops production of electric F-150 after battery fire

Ford Motor Co. has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check. Production at Ford's Rouge Electric Vehicle Center in Dearborn, Michigan, has been stopped until at least the end of next week. The fire happened at an outdoor lot nearby in Dearborn where vehicles are held for quality checks.

news.yahoo.com

Ford is set to report results after the bell. Here's what Wall Street expects

The automotive industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.

cnbc.com

New US race, ethnicity standards proposed; first since '97

A Middle Eastern and North African category would be added to U.S. federal surveys and censuses, and changes would be made to how Hispanics are able to self-identify.

Ford moves to boost production of electric F-150 Lightning pickup truck

Ford Motor has added a third production shift to its Michigan plant that produces the electric F-150 Lightning as it looks to boost output.

cnbc.com

Ford claims No. 2 spot in EVs behind Tesla, passing Hyundai

Ford topped Hyundai after the South Korean automaker lost incentive of consumer tax credits up to $7,500 for buyers of its EVs.

cnbc.com

Small error in Arabic ballots points to bigger voting issues

Ballots in Dearborn, Mich. had an error, the city announced, a spotlight on challenges that can come with providing voting access for non-English speakers.

washingtonpost.com

Michigan parents outraged after chaotic school board meeting ends abruptly: 'It's about protecting children'

Michigan parents are speaking out after a Dearborn school board meeting ended in chaos shortly after parents sounded the alarm on explicit books in the library

foxnews.com

School board meeting cut short as protests over LGBTQ books grow unruly

A school board in Dearborn, Mich., suspended its meeting about LGBTQ books after attendees, who were violating the city's fire code, refused to leave.

washingtonpost.com

Stocks making the biggest moves midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Man charged with murder in Detroit-area hotel shooting

A man accused of killing a suburban Detroit hotel employee and barricading himself in a room for hours has been charged with murder.

Suspect in fatal shooting at hotel near Detroit surrenders

Authorities say a man accused of fatally shooting a hotel clerk in suburban Detroit during a dispute over money has surrendered to police after barricading himself inside a room.

Ford hikes starting price of electric F-150 Lightning for second time in less than two months

Ford is increasing the entry-level price of its electric F-150 Lightning pickup by $5,000 for the 2023 model year due to rising costs and supply chain issues.

cnbc.com

Ford to restructure supply chain following $1 billion in unexpected quarterly costs

The restructuring will be led on an interim basis by Ford CFO John Lawler until a chief supply chain officer is selected, Ford said.

cnbc.com

Ford shuffles management, seeks new global supply chain head

Ford is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages.

Ford shuffles management, seeks new global supply chain head

Ford is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages. The Dearborn, Michigan, automaker gave some executives new roles and said that its chief financial officer will begin reworking supply chain operations until a new global purchasing chief is hired. The changes arrive at a time of profound change for Ford and the auto industry, which for more than a century have made a living by selling petroleum-powered vehicles.

news.yahoo.com

Stocks making the biggest moves midday: Change Healthcare, Ford, PayPal, Humana and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Ford outlines EV investment structure for its dealers as it chases Tesla-like profit

The automaker is asking its nearly 3,000 dealers to invest upward of $1 million for upgrades to sell all-electric vehicles.

cnbc.com

White House policies rescued U.S. economy, Treasury's Yellen says

Treasury Secretary Janet Yellen promoted the Biden administration's key economic policies in Detroit on Thursday

cnbc.com

Biden administration undoes broad Trump-era immigration rule

The Biden administration has officially undone a Trump-era rule that prohibited immigrants from gaining legal residency if they had utilized certain government benefits. The new change allows for a return to a previous policy with a narrower scope.

news.yahoo.com

Yellen pushes Biden economic plans in battleground Michigan

Treasury Secretary Janet Yellen has pressed the case for Democratic economic policies during a visit to Ford’s Rouge electric vehicle assembly plant in election-year battleground Michigan.

Ford cutting 3,000 white-collar jobs in bid to lower costs

Ford Motor Co. is cutting about 3,000 white-collar workers as it moves reduce costs and make the transition from internal combustion to electric vehicles.

Ford to appeal $1.7 billion verdict in Georgia truck crash

The Ford Motor Co. says it plans to appeal a $1.7 billion verdict against the automaker after a pickup truck crash claimed the lives of a Georgia couple.

Ford CEO expects consolidation among automakers and suppliers as EV transition fuels costs

Farley said the massive amounts of capital needed to invest in the technologies will force smaller companies to be acquired.

cnbc.com

Ford reports smaller sales decline in April while chip shortage weighs on supply

Ford on Wednesday reported a 10.5% decline in April sales compared to a year ago, notably narrowing its losses compared to recent months.

cnbc.com

Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs

The cuts include approximately 350 salaried and 230 agency positions, according to Ford.

cnbc.com

Ford loses $3.1 billion, hit by investment and chip shortage

Ford has reported a $3.1 billion loss for the first quarter, in large part because of a drop in the value of its investment in an electric-vehicle startup.

Ford CEO says the company plans to challenge Tesla as global EV leader

Ford has already built about 2,000 F-150 Lightnings — not far off Rivian's total first-quarter EV production.

cnbc.com

Ford's first quarter sales fell 17% as the automaker battled a chip shortage

Sales declined 17% during the first quarter, including a 26% slide last month, as Ford continues to battle with a global shortage of semiconductor chips.

cnbc.com

Russia is exploring options for cyberattacks and companies must be ready, says Biden

One U.S. official, Anne Neuberger, said Monday that the federal government had seen some preparatory activity, but she declined to name industries most at risk.

cnbc.com

Ford to address dealer concerns about separating its EV and legacy businesses

Ford will attempt to soothe dealers' concerns over the company's recent decision to split its EV and legacy gas-vehicle business.

cnbc.com

Wall Street praises Ford's EV plans but questions its sales and profit margin targets

Morgan Stanley's Adam Jonas called the EV target "an aspirational/stretch goal," while Deutsche Bank's Emmanuel Rosner called a 10% margin by 2026 "ambitious."

cnbc.com

Ford plans to produce 2 million EVs annually, generate 10% operating profit by 2026

Both targets would be substantial increases from the company's current operations.

cnbc.com

Ford shares pop on report of CEO Jim Farley analyzing spinoff of EV business

Shares of Ford were up by as much as 5.4% to $18.48 during intraday trading Friday.

cnbc.com

Stocks making the biggest moves midday: Ford, Snap, Virgin Galactic and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Ford's market cap tops $100 billion for first time ever

Ford shares were up by as much as 4.6% to $25.59, continuing a more than 20-year high for the automaker's stock price.

cnbc.com

Ford plans to nearly double production of its new all-electric F-150 Lightning pickup

The increase is a good sign for the vehicle but also shows Ford significantly underestimated demand for the truck, causing it to now scramble to increase it.

cnbc.com

U.S. reports over 1 million new daily Covid cases as omicron surges

The U.S. reported a record number of new Covid cases on Monday, according to data from Johns Hopkins University.

cnbc.com

Traumatized and exhausted hospital staff face new wave of Covid cases as omicron rips through U.S.

The highly contagious omicron variant can more easily infect vaccinated staff than previous strains, threatening to further exacerbate the worker shortage.

cnbc.com

Ford pickup remains America's top-selling truck for 45th year, automaker says

While the pickup has topped U.S. sales for decades, retaining the titles this year was particularly notable given an ongoing shortage of semiconductor chips.

cnbc.com

Ford partners with GlobalFoundries to increase chip supplies

The companies on Thursday announced the signing of a nonbinding agreement for a strategic partnership that aims to increase the supply of chips to Ford.

cnbc.com

Ford's stock tops $20 a share for first time in more than 20 years

Ford's stock topped $20 a share Monday for the first time since September 2001, as investors become more bullish on a turnaround plan led by CEO Jim Farley.

cnbc.com

Dearborn, Michigan Voters Elect First Arab American Mayor

Dearborn is 47% Arab American, according to the latest census data.

www1.newsy.com

Dearborn, Michigan Elects First Arab American Mayor

Dearborn is 47% Arab American, according to the latest census data.

newsy.com

Ford CEO Farley says automaker's stock has 'tremendous upside' even after doubling in his first year

Shares of Ford jumped by about 4% in premarket trading Tuesday after a 113% surge since Jim Farley took over the helm of the automaker as CEO on Oct. 1.

cnbc.com

Semiconductor shortage wreaks havoc on Michigan auto workers and local businesses: "It's definitely scary"

A global shortage of semiconductors forced a Michigan Ford plant to trim production of its F-150 trucks.

cbsnews.com

Ford adds jobs to increase production of electric F-150 pickup; reservations top 150,000

Ford Motor is increasing production capacity for its upcoming F-150 Lightning pickup as it begins building prototypes of the electric pickup.

cnbc.com

Ford hires Lowe's executive to lead automaker's data and software transformation

Mike Amend, who was most recently president of online for Lowe's, will oversee Ford's data, software and technology, effective immediately.

cnbc.com

Ford poaches top tech executive Doug Field who helped lead Apple's top-secret car project

Ford has hired former Tesla and Apple executive Doug Field as its chief advanced technology and embedded systems officer, the company announced Tuesday.

cnbc.com

Ford cuts F-150 pickup production again due to chip shortage

The automaker informed employees Wednesday of the cuts, which also impact production of its larger Super Duty pickups and Expedition SUV.

cnbc.com

Ford is set to report results after the bell. Here's what Wall Street expects

Ford is expected Wednesday to report a slight loss for the second quarter due to the semiconductor chip shortage causing significant production cuts.

cnbc.com

A small victory: Used-car prices slip from dizzy heights

For months, anyone who wandered onto a dealer lot to look for a used car could be forgiven for doing a double take — and then wandering right off the lot.

The U.S. is falling further behind China and Europe in electric vehicle production

But there's one bright spot for the U.S., according to The International Council on Clean Transportation (ICCT): Exports.

cnbc.com

Rory Gamble, who led UAW through scandal, pandemic, retires

United Auto Workers President Rory Gamble, who led the union through a corruption scandal and the coronavirus pandemic, is retiring effective June 30.

Biden’s bid to tax inherited assets could be a documentation nightmare for wealthy heirs

Wealthy families may have to dig through decades of documents to figure out the taxes on an inheritance if this Biden proposal becomes a reality.

cnbc.com

How Online Activism and the Racial Reckoning in the U.S. Have Helped Drive a Groundswell of Support for Palestinians

Pro-Palestinian activists say a more intersectional progressive coalition of supporters in the U.S. is driving a public opinion shift

news.yahoo.com

Ford CEO: Electric vehicle demand will transform industry

A new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery powered vehicles.

HGTV's Nicole Curtis wins dispute over Detroit home project

The star of HGTV’s “Rehab Addict Rescue” has won a dispute with Detroit over ownership of a blighted home. Nicole Curtis said she has spent at least $60,000 to start fixing up the home after buying it from a couple for $17,000. Wayne County Judge Tim Kenny ruled in Curtis' favor, saying her renovation group had recorded a title to the property before the Land Bank did, The Detroit News reported Friday.

news.yahoo.com

China authorities name 105 apps for improper data practices

China’s internet watchdog said Friday it had found Bytedance’s Douyin, Microsoft Bing, LinkedIn and 102 other apps were engaged in improper collection and use of data and ordered them to fix the problem. The Cyberspace Administration of China (CAC) said that the 105 apps violated laws by excessively collecting and illegally accessing users’ personal information, according to a statement posted on its site Friday. Other companies it named included short video app Kuaishou, search engine Sogou and Baidu.

news.yahoo.com

Ford already has 20,000 reservations for new electric F-150 Lightning pickup

The automaker unveiled the vehicle Wednesday night during an elaborate presentation at the company's world headquarters in Dearborn, Michigan.

cnbc.com

McCarthy says he’d testify before independent Jan. 6 commission

It’s an increasingly unlikely scenario, as the Senate appears poised to reject a proposed commission to investigate the insurrection.

news.yahoo.com

Biden back behind the wheel, zooming away in electric truck

Joe Biden is back behind the wheel.

Biden moves to improve legal services for poor, minorities

President Joe Biden is taking executive action to ensure minorities, low-income Americans and others have better access to quality legal representation after services dwindled during the Trump administration.

As chip shortage goes on, cars are scarce and prices are up

Automakers are cutting production as they grapple with a global shortage of computer chips, and that's making dealers nervous.

Metro Detroit heart transplant recipient encourages others to become blood, organ donors

April is National Donate Life Month, a time to celebrate the generosity of those who have saved lives by becoming organ, tissue, bone marrow donors and by making blood donations.

Spiking energy leads wholesale prices up 0.5% in February

The rise in wholesale prices moderated a bit in February after a record increase in January with both months being hit with higher energy prices. increased by 0.5% last month following a record jump of 1.3% in January. (AP Photo/LM Otero, File)WASHINGTON – Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. Over the past year, wholesale prices are up 2.8%, the largest 12-month gain at the wholesale level in more than two years. Earlier this week, the U.S. reported that consumer prices rose 0.4% in February, the biggest gain in six months, also because of rising energy prices.

Power outages linger for millions as another icy storm looms

Nearly 3.4 million customers around the U.S. were still without electricity, and some also lost water service. More than 100 million people live in areas covered by some type of winter weather warning, watch or advisory, the weather service said. Weather-related outages have been particularly stubborn in Oregon, where some customers have been without power for almost a week. At the peak of the storm, more than 350,000 customers in the Portland area were in the dark. In Oregon, authorities confirmed Tuesday that four people died in the Portland area of carbon monoxide poisoning.

Ford to cut back F-150 production due to chip shortage

Starting Monday, Ford will cut two shifts at its Dearborn, Michigan, facility, going down to one shift per day. Both plants produce the F-150 pickup truck, Ford's most popular model and part of the F-Series, the top-selling vehicle in the U.S. AdFord isn't alone in cutting back production due to the shortage of chips needed to produce cars. General Motors will have downtime at three of its factories — one in the U.S, one in Canada and one in Mexico — due to the chip shortage, starting Feb. 8. Other automakers like Nissan, Fiat Chrysler and Toyota have also been impacted by the chip shortage.

US charities raise millions in wake of Beirut port blast

(AP Photo/Carlos Osorio)DEARBORN, Mich. – When Manal Saab heard that a massive explosion had struck Beirut, she grabbed her phone, frantically trying to reach loved ones there. “Otherwise, they wouldn’t have survived it,” said Saab, an American citizen who lives in Fenton, Michigan, near Flint, but was born in Lebanon. Knowing that her family and friends were safe, a feeling of relief washed over Saab. More than half of that amount was delivered via a FedEx-donated airlift that also included relief supplies from the American Task Force on Lebanon and the Lebanon Relief Project. They just wanted something to immediately give to, they wanted all that pain to basically get out and give something positive,” Saab said.

Ford CEO: We disrupted auto industry long before Elon Musk

The auto industry is going through massive change -- and Tesla and its outspoken CEO, Elon Musk, are seen as the great disruptors. "And yeah, he's competing with the ultimate disruptor in Henry Ford." Even the long-established industry titans that are just now venturing into electric cars owe a debt to Musk. As it works to ready itself for the future, Ford has been cutting jobs, making investments and forming partnerships. As CEO of Ford, Hackett is operating what is essentially a family-run corporation.

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