The Latest Breaking News from Bill Ford

The two will begin developing the next-gen power unit this year.

Ford will return to Formula One as the engine provider for Red Bull Racing in a partnership announced Friday that begins with immediate technical support this season and engines in 2026

DETROIT — A more technologically advanced interior, "edgier" exterior and new engine options are among the highlights of the next-generation Mustang that Ford Motor Co. unveiled at the Detroit auto show Wednesday with enthusiasts on hand to mark the next chapter of the iconic pony car.

The popular pony car will once again compete at the Circuit de la Sarthe.

Legacy automotive company Ford Motor Company (NYSE: F) has been around for 120 years. The company now has its eyes set on growth through electric vehicles. One executive is laying out the case for how important the transition is for the future of the company.

In an internal email, Ford said it was changing the way it operates and redeploying resources as it embraces new technologies such as advanced vehicle software.

Positions will be eliminated this week in the US, Canada, and India.

Ford Motor Co. on Monday confirmed it's eliminating 2,000 salaried positions and 1,000 contract positions to cut costs and be competitive.

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