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Ford shares slide on weaker growth forecasts and losses for EV unit

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Ford changes gear, ousts CEO

US carmaker Ford has dumped CEO Mark Fields. He'll be replaced by James Hackett, the head of the unit developing its self-driving cars.

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Upstart Tesla elbows Ford aside in market value

Tesla has not sold many cars and makes a fraction of the revenue of Ford, but it has just overtaken the 100-year-old automobile pioneer in terms of market capitalisation.

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Ford has reported a quarterly loss partly linked to abandoning a planned factory in Mexico that President Trump criticised.

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Mexico's peso hit a new record low after Ford said it won't build a huge car-making plant in the country following criticism by president-elect Trump.

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Ford scraps Mexico plant following Trump criticism

Ford Motor Company has scrapped a planned Mexican car factory and is instead extending its operations in Michigan by creating 700 jobs.

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