Jim Hackett downplayed a report that the automaker may cut 25,000 jobs and said he'll have more news to share later this week.
Ford's national ad campaigns have excluded its sedans for the past few years and the automaker won't be adding any new ads as it exits the sedan segment. But dealers aren't worried.
Ford Canada says there will not be a two-wheel-drive version of the 2019 Ford Ranger. The midsize truck is priced to compete with some of its closest competitors.
Ford is partnering with Yakima and working through dealers to offer Canadians 150 parts and accessories for its new midsize pickup, including bed racks, tow hooks and paddleboard carriers. All parts come with a three-year/60,000-kilometre Ford warranty.
The Carbon Series GTs will be 18 kilograms lighter than the standard supercar thanks to carbon fibre wheels, a titanium exhaust, titanium lug nuts and a polycarbonate rear hatch with additional venting. The car is assembled in Ontario and will be available in Canada.
Ford will recall nearly 1.5 million cars in North America to address a faulty part that could lead to engine stalls. The recall covers 2012-2018 Focus cars with 2.0-litre GDI and 2.0-litre GTDI engines.
Poor results in China and other overseas markets contributed to a 37 per cent drop in third-quarter net income for Ford, and the automaker backed off its goal of raising its global profit margin to eight per cent by 2020.
Joe Hinrichs, a top Ford executive, is escalating his criticism of the Trump administration's metals tariffs that the company has already said took a US$1 billion bite out of profit.
Ford had previously announced plans for 1,000 GTs through the 2020 model year. It now says 1,350 cars will be made through 2022. The cars are built by Multimatic Inc. in Markham, Ont.
Elena Ford, great-great-granddaughter of Henry Ford, will become Ford Motor's chief customer experience officer as of Nov. 1, the automaker said.
Ford is preparing to cut an undetermined number of its 70,000 salaried workers globally as it begins to implement CEO Jim Hackett's US$11 billion companywide restructuring. Ford Canada had little to say Friday.
Ford issued a recall for 194 of its hand-built, 2017-18 GT supercars — 18 of them in Canada — over a hydraulic fluid leak. The cars are built by Canadian supplier Multimatic Inc.