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report: ford plans substantial job cuts in order to boost profits


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 on reducing costs and improving efficiency. but ford said it hasn't announced any job cuts and won't comment on speculation.investors are concerned that u.s. sales are peaking and ford's market share is slipping.ford's shares have lost more than a third of their value since mark fields became ceo in 2014. electric car maker tesla inc. recently surpassed ford in market value even though it sells far fewer vehicles.






report: ford plans job cuts to boost profits


detroit — 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 on reducing costs and improving efficiency. but ford said it hasn't announced any job cuts and won't comment on speculation.investors are concerned that u.s. sales are peaking and ford's market share is slipping.ford's shares have lost more than a third of their value since mark fields became ceo in 2014. electric car maker tesla inc. recently surpassed ford in market value even though it sells far fewer vehicles.






ford plans job cuts to boost profits


detroit — 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 on reducing costs and improving efficiency. but ford said it hasn’t announced any job cuts and won’t comment on speculation.investors are concerned that u.s. sales are peaking and ford’s market share is slipping.ford’s shares have lost more than a third of their value since mark fields became ceo in 2014. electric car maker tesla inc. recently surpassed ford in market value even though it sells far fewer vehicles.






ford plans big job cuts: report


detroit -- ford motor co. is planning substantial job cuts in order to boost profits and raise its stock price, the wall street journal reports.the newspaper says the cuts would target salaried employees and would reduce ford's global headcount by an equivalent of 10 percent. ford has 200,000 employees globally, half of whom work in north america.ford didn't confirm the report monday night.in a statement, the company said it's focused on reducing costs and improving efficiency. but ford said it hasn't announced any job cuts and won't comment on speculation.the journal says, "deep job cuts in the u.s. could trigger a political backlash at the white house, as president donald trump has repeatedly pointed to auto makers like ford as examples of companies adding u.s. jobs."investors are concer






ford plans big job cuts: report


detroit -- ford motor co. is planning substantial job cuts in order to boost the wall street journal reports profits and raise its stock price, the wall street journal reports.the newspaper says the cuts would target salaried employees and would reduce ford's global headcount by an equivalent of 10 percent. ford has 200,000 employees globally, half of whom work in north america.ford didn't confirm the report monday night.in a statement, the company said it's focused on reducing costs and improving efficiency. but ford said it hasn't announced any job cuts and won't comment on speculation.the journal says, "deep job cuts in the u.s. could trigger a political backlash at the white house, as president donald trump has repeatedly pointed to auto makers like ford as examples of companies adding






report: ford plans job cuts to boost profits


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ford to trim 10% of workforce but retain talent for driverless cars


ford motor co. plans to trim about 10 percent of its global salaried workforce while retaining the tech talent it has recruited to develop driverless and electric cars.the wall street journal reported on ford's job-reduction plans late monday.jobs are being cut as ford's directors pressure chief executive mark fields to boost profits and a lagging stock price. the reductions are expected to target salaried employees mostly in north america and asia, said a bloomberg news source. some are also expected in europe, where ford already has retrenched.fields is working to cut costs by about $3 billion this year. with ford's stock down about 37 percent since he became ceo in 2014, fields is caught between pleasing a board pressuring him to boost fading profits while placating president donald tru






ford to trim 10% of workforce but retain talent for driverless cars


ford motor co. plans to trim about 10 percent of its global salaried workforce while retaining the tech talent it has recruited to develop driverless and electric cars.the wall street journal reported on ford's job-reduction plans late monday.jobs are being cut as ford's directors pressure chief executive mark fields to boost profits and a lagging stock price. the reductions are expected to target salaried employees mostly in north america and asia, said a bloomberg news source. some are also expected in europe, where ford already has retrenched.fields is working to cut costs by about $3 billion this year. with ford's stock down about 37 percent since he became ceo in 2014, fields is caught between pleasing a board pressuring him to boost fading profits while placating president donald tru






ford to cut 1,400 salaried jobs in north america, asia


ford motor co. plans to cut 10 percent of its salaried jobs in north america and asia pacific this year in an effort to boost profits.the company says it will offer voluntary early retirement and separation packages to its workers. it expects 1,400 positions to be affected by the end of september.ford says its european and south american operations have already cut workers and won't be affected.the company says it will release more details to employees in june.ford's stock price has fallen nearly 40 percent over the last three years as investors worry that u.s. sales are peaking. ford is also spending heavily on future technology, like self-driving and fully electric cars.






ford to cut 1,400 non-factory jobs in north america, asia – the denver post


detroit — ford, facing heavy costs for new technology and slowing u.s. car sales, is cutting 1,400 non-factory jobs in north america and asia pacific this year in an effort to boost profits and rescue its sagging stock price.the company will offer voluntary early retirement and separation packages to around 10 percent of salaried workers in departments such as sales, marketing and human resources. it expects the actions to be complete by the end of september.the cuts are the biggest to ford’s u.s. white-collar staff since 2007, when 7,200 workers took voluntary buyout packages. ford believes it will meet its targets by voluntary means, spokesman mike moran said wednesday.“we remain focused on the three strategic priorities that will create value and drive profitable growth, which include f






ford cuts 1,400 jobs, 10 pct of white-collar work force


detroit — ford will cut 10 percent of its white-collar jobs in north america and asia pacific this year in an effort to boost profits.the company will offer voluntary early retirement and separation packages to its workers. it expects 1,400 positions to be affected by the end of september.ford believes it will meet its targets by voluntary means and doesn't expect involuntary layoffs, spokesman mike moran said wednesday."we remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities," ford said in an email sent to employees early wednesday. "reduci






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1,160 bridgend ford job cuts projected in leaked report


media captionbridgend mp madeleine moon says families are "deeply worried" by job fearsford is projecting a reduction of 1,160 workers by 2021, according to a leaked document from the company seen by bbc wales. mass meetings are being held at ford's bridgend engine plant later.the projection, which would leave 600 workers at the site, is based on the assumption that it is unable to bring any new work in.prime minister theresa may told mps the uk government had had "dialogue" with ford about how it could help.ford would not comment on the document but said it could "fully understand" concern for the longer term.ford jobs: live updatesspeaking at prime minister's question time, mrs may told parliament: "ford is an important investor here. it has been established here for over 100 years. we n






trump praises ford's 'big announcement,' even though it predates his presidency


ford in november 2015 announced plans to upgrade some of its michigan plants as part of a new contract with the united auto workers union, according to the associated press report:ford americas president joe hinrichs said the company told the white house about the investments tuesday morning.hinrichs said it's not unusual for the company to reach out to state and national political leaders before such an announcement. hinrichs said tuesday's announcement was timed to a state meeting in which officials were expected to approve tax incentives for ford. the automaker expects to receive $30 million in tax abatements and other incentives over 15 years. ford will spend $850 million to upgrade the michigan assembly plant next year to build the ford ranger midsize pickup and ford bronco suv. ford






1,160 bridgend ford job cuts projected in leaked report


media captioneconomy secretary ken skates said the uk government should engage more meaningfully with fordford is projecting a reduction of 1,160 workers at its bridgend base by 2021, according to a leaked document from the company seen by bbc wales. mass meetings are being held at the engine plant on wednesday afternoon.the projection, which would leave 600 workers at the site, is based on the assumption that it is unable to bring any new work in.prime minister theresa may told mps the uk government had had "dialogue" with ford about how it could help.ford would not comment on the document but said it could "fully understand" concern for the longer term.ford jobs: live updatesanalysis: ford bridgend loses out in global race speaking at prime minister's question time, mrs may told parliame






1,160 bridgend ford job cuts projected in leaked report


media captionbridgend mp madeleine moon says families are "deeply worried" by job fearsford is projecting a reduction of 1,160 workers at its bridgend base by 2021, according to a leaked document from the company seen by bbc wales. mass meetings are being held at the engine plant on wednesday afternoon.the projection, which would leave 600 workers at the site, is based on the assumption that it is unable to bring any new work in.prime minister theresa may told mps the uk government had had "dialogue" with ford about how it could help.ford would not comment on the document but said it could "fully understand" concern for the longer term.ford jobs: live updatesanalysis: ford bridgend loses out in global race speaking at prime minister's question time, mrs may told parliament: "ford is an imp






everything president trump has tweeted (and what it was about)


ford in november 2015 announced plans to upgrade some of its michigan plants as part of a new contract with the united auto workers union, according to the associated press report:ford americas president joe hinrichs said the company told the white house about the investments tuesday morning.hinrichs said it's not unusual for the company to reach out to state and national political leaders before such an announcement. hinrichs said tuesday's announcement was timed to a state meeting in which officials were expected to approve tax incentives for ford. the automaker expects to receive $30 million in tax abatements and other incentives over 15 years. ford will spend $850 million to upgrade the michigan assembly plant next year to build the ford ranger midsize pickup and ford bronco suv. ford






ford to cut 1,400 jobs in north america, asia


by dee-ann durbin, ap auto writerdetroit — ford is cutting 1,400 jobs in north america and asia pacific this year in an effort to boost profits.the company will offer voluntary early retirement and separation packages to around 10 percent of its non-factory workers in departments like sales, marketing and human resources. it expects the actions to be complete by the end of september.ford believes it will meet its targets by voluntary means and doesn’t expect involuntary layoffs, spokesman mike moran said wednesday.“we remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudent






ford to cut 1,400 salaried jobs in north america, asia


ford is cutting 1,400 jobs in north america and asia pacific this year in an effort to boost profits.the company will offer voluntary early retirement and separation packages to around 10 percent of its non-factory workers in departments like sales, marketing and human resources. it expects the actions to be complete by the end of september.ford believes it will meet its targets by voluntary means and doesn't expect involuntary layoffs, spokesman mike moran said wednesday."we remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities," ford said i






ford signals willingness to change to boost stock price


historically, wall street doesn't give automakers much credit for making billions of dollars during boom times and fails to see promise in their long-term plans.        






older teenagers face biggest funding cuts, says think tank


image copyrightreutersimage caption sixth forms and colleges prepare teenagers for crucial exams but they are often the focus of cuts, says the ifs older teenagers have been the biggest losers as spending on sixth forms and further education has been "continually squeezed" for 25 years, says a report.spending on 16 to 18-year-olds has faced cuts too often while education spending overall has risen, says the institute for fiscal studies. however, government plans mean schools as a whole face "real-terms cuts for the first time in 20 years", it adds. ministers say they will protect further education until 2019-20 in cash terms. according to the ifs, the last 30 years as a whole have seen increased spending per pupil for most age groups, and particularly for nursery age children. but spending






older teenagers face biggest funding cuts, says think tank


image copyrightreutersimage caption sixth forms and colleges prepare teenagers for crucial exams but they are often the focus of cuts, says the ifs older teenagers have been the biggest losers as spending on sixth forms and further education has been "continually squeezed" for 25 years, says a report.spending on 16 to 18-year-olds has faced cuts too often while education spending overall has risen, says the institute for fiscal studies. however, government plans mean schools as a whole face "real-terms cuts for the first time in 20 years", it adds. ministers say they will protect further education until 2019-20 in cash terms. according to the ifs, the last 30 years as a whole have seen increased spending per pupil for most age groups, and particularly for nursery age children. but spending






ford investing $1.2b in 3 michigan plants, adding 130 jobs


detroit (ap) — ford motor co. is investing $1.2 billion in three michigan facilities, including an engine plant where it plans to add 130 jobs.president donald trump, who has pressured automakers to invest more and create jobs in the u.s., applauded the move tuesday in an early morning tweet.“big announcement by ford today. major investment to be made in three michigan plants. car companies coming back to u.s. jobs! jobs! jobs!,” trump tweeted hours ahead of the announcement.the investments were in the works well before trump took office, however. ford announced plans to upgrade some of its michigan plants in november 2015 as part of a new contract with the united auto workers union.most read stories3-course dinners for $32 starting april 2.ford americas president joe hinrichs said the com






ford acquires majority ownership of self-driving car startup argo ai


san francisco—ford motor co. has acquired majority ownership of an artificial-intelligence startup called argo ai and plans to invest $1 billion in the company, the latest move in an auto-industry spending spree to develop self-driving car technology.the investment, to be made during the next five years, is part of ford’s efforts to develop a self-driving car by 2021. argo is now a ford subsidiary, but founders bryan salesky, a...






ford investing $1.2b in 3 michigan plants, adding 130 jobs


detroit — ford motor co. is investing $1.2 billion in three michigan facilities, including an engine plant where it plans to add 130 jobs.president donald trump, who has pressured automakers to invest more and create jobs in the u.s., applauded the move tuesday in an early morning tweet."big announcement by ford today. major investment to be made in three michigan plants. car companies coming back to u.s. jobs! jobs! jobs!," trump tweeted hours ahead of the announcement.the investments were in the works well before trump took office, however. ford announced plans to upgrade some of its michigan plants in november 2015 as part of a new contract with the united auto workers union.ford americas president joe hinrichs said the company told the white house about the investments tuesday morning.






gop running into opposition from gop on tax overhaul


washington — house republicans face opposition to their plan to overhaul the way corporations pay federal taxes from a powerful group of lawmakers — other republicans.the senate's no. 2 republican and the chamber's top republican tax-writer have both been critical. and president donald trump says he doesn't love it.the house gop plan would s the 35 percent tax on corporate profits and replace it with something called a "border adjustment tax."the new 20 percent tax would be applied to the profits from all goods consumed in the u.s., whether they are made in america or imported. profits from exports would be exempt.house gop leaders say the proposal would boost american manufacturers and help u.s. companies compete abroad. critics say it could drive up consumer prices.






according to the stock market, tesla is now worth more than ford


tesla’s market capitalization is now higher than ford’s.tesla is trading up on the day, sending its market cap to $47.46b. and then there’s ford, the blue chip automaker that’s exactly 100 years older than tesla, which is trading down on the day, causing its market cap to dip to $44.89b. general motors’ market cap is only a stone throw away at $51b.this fluctuation in valuation comes on the back of tesla reporting good news and ford reporting bad news. tesla saw vehicle production and deliveries rise during the first quarter of the year at a pace that beat analysts expectations. meanwhile, ford is recalling some of its f-150 pickup trucks and its u.s monthly sales fell 7% during last month.tesla’s stock has been steadily gaining value since the latter weeks of 2016. it’s now trading at an






according to the stock market, tesla is now worth more than ford


tesla’s market capitalization is now higher than ford’s.tesla is trading up on the day, sending its market cap to $47.46b. and then there’s ford, the blue chip automaker that’s exactly 100 years older than tesla, which is trading down on the day, causing its market cap to dip to $44.89b. general motors’ market cap is only a stone’s throw away at $51b.this fluctuation in valuation comes on the back of tesla reporting good news and ford reporting bad news. tesla saw vehicle production and deliveries rise during the first quarter of the year at a pace that beat analysts expectations. meanwhile, ford is recalling some of its f-150 pickup trucks and its u.s monthly sales fell 7% during last month.tesla’s stock has been steadily gaining value since the latter weeks of 2016. it’s now trading at a






ford tops the list of automated driving leaders in new study


autonomous driving might seem like the province of startups and silicon valley, but a new independent research report from navigant shows automaker ford at the head of the pack when it comes to self-driving tech. the annual survey looked at 18 different companies, smeared across 10 different criteria, ranging from strategy, to core tech development, to manufacturing capability and staying power, and a company that’s over 100 years old ended up leading the list.the navigant list also included gm among the very top tier of companies with potential in the world of autonomous driving, which is a win for startups tangentially since that company picked up cruze to help boost its autonomous technology program. gm leads on execution, according to navigant’s rating system, but ford’s edge on strate






ford tops the list of automated driving leaders in new study


autonomous driving might seem like the province of startups and silicon valley, but a new independent research report from navigant shows automaker ford at the head of the pack when it comes to self-driving tech. the annual survey looked at 18 different companies, smeared across 10 different criteria, ranging from strategy, to core tech development, to manufacturing capability and staying power, and a company that’s over 100 years old ended up leading the list.the navigant list also included gm among the very top tier of companies with potential in the world of autonomous driving, which is a win for startups tangentially since that company picked up cruise automation to help boost its autonomous technology program. gm leads on execution, according to navigant’s rating system, but ford’s ed






according to the stock market, tesla is now worth more than ford


tesla’s market capitalization is now higher than ford’s.tesla is trading up on the day, sending its market cap to $47.46 billion. and then there’s ford, the blue chip automaker that’s exactly 100 years older than tesla, which is trading down on the day, causing its market cap to dip to $44.89 billion. general motors’ market cap is only a stone’s throw away at $51 billion.this fluctuation in valuation comes on the back of tesla reporting good news and ford reporting bad news. tesla saw vehicle production and deliveries rise during the first quarter of the year at a pace that beat analysts’ expectations. meanwhile, ford is recalling some of its f-150 pickup trucks and its u.s. monthly sales fell 7 percent during last month.tesla’s stock has been steadily gaining value since the latter weeks






mnuchin sees us growth reaching 3 percent in time, tax cuts to help


u.s. secretary of the treasury steve mnuchin said on monday that it could take up to two years to have economic growth reach three percent and that tax cuts and regulatory relief will help get there.“there are very attractive opportunities,” mnuchin said at the milken institute global conference, speaking less than one week after the trump administration unveiled plans for aggressive tax cuts.he said the tax cuts can be paid for by “plenty of other ways”. mnuchin also said he has had weekly meetings with congressional leaders and said “we’d like to see bipartisan support” for tax cuts.(reporting by svea herbst-bayliss and olivia oran; editing by bernard orr)






sainsbury's full-year profits fall 8.2%


image copyrightgetty imagessainsbury's full-year profits before tax have fallen to £503m, down 8.2% from £548m, hit by price cuts and tough competition on the high street.group sales in stores open for more than a year fell 1%.the supermarket chain's chief executive mike coupe said: "the market remains competitive and the impact of cost price pressures remains uncertain." but he added it was "well placed to navigate the external environment" and "focused on delivering our strategy".






l.a. city council approves $1.5-million settlement in police killing of ezell fo


alsofull coverage of the ezell ford shootingl.a. police commission faults officers in ezell ford shootingeditorial: what the d.a.'s report on the ezell ford shooting didn't say: lapd must do betterupdates:6:05 p.m.: this article was updated with comments from the police union and a memo sent to city council.1:55 p.m.: this article was updated with comments from city councilmen mitch englander and joe buscaino, and from boris treyzon, the attorney representing ezell ford’s family.this story was originally published at 11:50 a.m.






sunday's pro auto racing results


auto racingmonster energy cupfolds of honor quiktrip 500at atlanta motor speedway • hampton, ga.lap length: 1.54 miles(start position in parentheses) 1. (5) brad keselowski, ford, 325 laps, 0 rating, 53 points. 2. (8) kyle larson, chevy, 325, 0, 43. 3. (16) matt kenseth, toyota, 325, 0, 34. 4. (29) kasey kahne, chevy, 325, 0, 33. 5. (11) chase elliott, chevy, 325, 0, 49. 6. (6) joey logano, ford, 325, 0, 37. 7. (13) kurt busch, ford, 325, 0, 30. 8. (9) martin truex jr, toyota, 325, 0, 43. 9. (1) kevin harvick, ford, 325, 0, 48.10. (7) jamie mcmurray, chevy, 325, 0, 27.11. (25) clint bowyer, ford, 325, 0, 28.12. (15) trevor bayne, ford, 325, 0, 26.13. (4) ricky stenhouse jr, ford, 325, 0, 28.14. (23) erik jones, toyota, 325, 0, 26.15. (26) ty dillon, chevy, 325, 0, 22.16. (3) kyle busch, to






nj drugmaker scores big profits off of cancer drugs in recent quarter: report


kenilworth– pharmaceutical giant merck reported a 21 percent jump in fourth-quarter profits fueled partly by the rising sales of drugs for cancer and hepatitis c, news 4 new york reported friday. along with sales of ketyruda and the hepatitis treatment zepatier, company officials also attributed increased profits to an aggressive round of cost-cutting. ketyruda, which was…






report: ford to cut 10% of global workforce


ford to announce a plan to cut 10% of its global workforce, report says.        






oscar-nominated emmanuelle riva dies in paris, age 89


paris — emmanuelle riva, a french star of screen and stage nominated for an academy award for best actress in 2013, has died. she was 89.riva died friday afternoon in a clinic in paris after a long illness, her agent, anne alvares correa, told the ociated press.riva was oscar-nominated for her role in "amour, " michael haneke's brutal depiction of an aging couple.with riva starring alongside another french movie legend, jean-louis trintignant, it won the academy award for best foreign language film. they played a loving, elderly parisian couple, one of whom has a stroke. "amour" also won the palme d'or at the cannes film festival.but jennifer lawrence won the academy award for best actress that year, for her performance as a young widower in "silver linings playbook."