Ford

Ford loses $3.1bn in First Quarter of 2022

Ford has reported $34.5 billion in revenue through Q1 2022, with a net loss of $3.1 billion “primarily attributable to valuation of investment in Rivian.” The Detroit-based automaker said demand for its vehicles was strong in the first quarter, but…

Ford recalls 2021 Mustang for incorrectly manufactured airbags

According to automotive supplier Joyson Safety Systems, a competitor’s airbag module containing an HPH-A inflator produced by JSS did not properly inflate during a laboratory test. After investigating the matter, it was determined that Joyson’s production line didn’t reject out-of-spec…