Tag: Ford

Farley's comment was likely intended as a light-hearted dig at Musk, who has also used the Ford F-150 as a benchmark by which to measure the Cybertruck's power and performance.

According to Bloomberg, the layoffs would occur at its Ford Blue unit, recently created to develop vehicles with internal combustion engines (ICE), and would affect other salaried positions in the company.

The MoU included land and buildings; vehicle manufacturing plant; machinery and equipment; and besides transfer of all eligible employees of Ford India's Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, the automaker said in a regulatory filing.