Ford lowered its full-year earnings forecast due to challenges overseas and said CEO Jim Hackett's global restructuring efforts could result in charges totaling $11 billion over the next three to five years.
Ford and Volkswagen have each issued recalls because a number of vehicles are at risk of rolling away, but for different reasons.
Ford said its investments in autonomous-vehicle development are expected to total US$4 billion through 2023 and that it has formed a subsidiary devoted to those efforts called Ford Autonomous Vehicles LLC.
Canadian supplier Multimatic produced just 138 Ford GT supercars for the 2017 model year, well short of a goal of 250. Ford cited inexperience and minor supplier problems.
Ford's upcoming 2019 Edge ST -- the automaker's first crossover to carry a performance badge -- will cost about $2,300 more than the outgoing Edge Sport trim it replaces.
Ford is recalling nearly 550,000 2013-16 Fusion sedans and 2013-14 Escape crossovers for a potential rollaway risk because of faulty shifter cable bushings. About 37,000 of those vehicles are in Canada.
While Ford's slow-selling Fusion sedan will fade into history, the name is expected to live on in a sport wagon being developed to challenge Subaru's popular Outback, people familiar with the automaker's plans told Bloomberg.
The midsize crossover will start at $52,450, up 7.3 per cent from the $48,900 for the current MKX, which the Nautilus will replace. All-wheel drive remains standard on the vehicle in Canada.
Ford Canada will allow publicly traded companies to own dealerships, reversing a long-standing policy and paving the way for AutoCanada Inc. to start buying stores, should the group so choose.
Canadian Ford dealers were not surprised by the automaker's decision to stop producing sedans. In fact, some can barely recall the last time they sold a Fiesta, for example.
Inkas Armored Vehicle Manufacturing may not be Canada's biggest automaker, but it's easily the edgiest, building armoured trucks on Ford F-550 Super Duty chassis.
Raj Nair, ousted in February by Ford for unspecified "inappropriate behaviour," has been hired by Multimatic, which builds the GT supercar Ford developed under his leadership.