Ford to cut 450 jobs at Canada plant on Flex, Lincoln MKT production halt

Decision taken by No 2 U.S. carmaker to discontinue production of the Ford Flex and Lincoln MKT, due
to which Ford Motor Co will cut about 450 jobs from Oakville assembly plant, Statement given by
Canada’s largest private Union Unifor.

Lincoln MKT production ended earlier month of October and production of Ford flex will stop at the
end of November. Ford's move to stop production of the crossovers comes as the company is
expanding its truck and utility lineup and shedding passenger cars, except for its iconic Mustang sports
car.

Ford cuts full-year profit outlook as third-quarter profit dips.

Ford Motor Co cut its forecast for operating profit for the year after a disappointing third quarter
because of higher warranty costs, weaker performance in China than expected and bigger discounts.
Ford’s third-quarter sales in China fell by 30%.

Investors sold off their Ford Shares, which fell by 2.5% to $8.98 while shares of Tesla Electric car surged
more than 20% which is better than expected results.

Ford bags order for 200 Police Interceptor Utility Hybrid vehicles from Chicago Police Dept.
Chicago Police Department has ordered 200 units of the 2020 Ford Police Interceptor Utility Hybrid
vehicles.

Near about two-thirds of police vehicle in US are sold by Ford. The automaker announced that All –
new Ford Police Interceptor Utility built in Chicago will soon take to that streets on that city. Ford
recently invested $1 billion and added 1000 jobs at south-side assembly plant of Chicago city.

Ford partners with Volkswagen, Amazon to build charging network for cars.
Ford Motor Co teaming up with Volkswagen AG and Amazon.com to provide wide range of charging
options from Highways to home for electric car customers the network of charging options will be
largest in North-America with 120000 locations and more than 350000 charge plugs.

No 2 carmaker of U.S. has laid out plans to invest more than $11 billion in electric vehicles and is
targeting majority of its sales from them by 2022. Volkswagen's Electrify America is going to set up
the charging stations and Amazon is going to install home charging setups.

Ford recalls 1.48 million F-150 pickups in North America over transmissions.
Ford Motor co recalling about 1.48 million F-150 pickup trucks in North America due to a potential
transmission downshift issue that could increase the risk of a crash.

Ford said that model of 2011-2013 year trucks with six-speed automatic transmission could experience
and unintended downshift into first gear without warning, which could result in the loss of vehicle
control. Ford is aware if five Accidents.