Ford reported first-quarter net income of US$1.6 billion, down US$900 million from last year, as revenue rose and profit margins shrank. Pretax earnings were US$2.2 billion, down US$1.6 billion.
A Canadian survey by Vincentric shows a marked difference in the long-term cost of diesel ownership between Ford and General Motors trucks.
Ford is betting Canadians' love affair with SUVs will continue to grow, and is adding several new technologies and options to its 2018 Explorer to cash in on that burgeoning demand.
Ford said it is recalling about 52,600 F-250 pickup trucks in Canada and the United States because the vehicles could roll after the driver moves the automatic transmission lever into park position.
Ford of Canada is recalling 21,854 vehicles because low coolant level could lead to localized overheating of the cylinder head. Several models are affected.
What does the future of the auto industry hold and how fast is that future coming? Some of the auto industry's biggest players offer dramatically different answers.
Here's a video look at how Automotive News TV covered Ford of Canada's big announcement in Windsor, Ont.
Ford Motor Co. plans to add output of a new engine at its Windsor, Ont., plant as part of a $600-million investment. Preparation for the retooling of the factory has already started.
Ford is spending $500 million to add 300 engineers and create a research and engineering centre Ottawa to enhance connected vehicle technology.
Ford is seeking to limit the growth in long-term auto loans and leases in Canada, where consumers are twice as apt as U.S. buyers to stretch out payments to as long as eight years to pay for a car.
Ford is recalling 230,000 vehicles equipped with 1.6-litre GTDI engines because a lack of coolant circulation can cause the engines to overheat, cracking the cylinder head. About 22,000 are in Canada.
Ford of Canada President Mark Buzzell said Canada is trying to position itself as a technology leader and the company is working with the federal government on technology and manufacturing projects alike.