Ford and Honda drop out of SEMA, VW jumps in:
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Ford loses $3.1 billion, hit by investment and chip shortageFord has reported a $3.1 billion loss for the first quarter, in large part because of a drop in the value of its investment in an electric-vehicle startup.
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Ford Cuts 580 U.S. Salaried and Contract Employees as It Restructures to Focus on EVsThe cuts include approximately 350 salaried and 230 agency positions, according to Ford.
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Ford loses $3.1 billion, hit by Rivian investment and chip shortageFord Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup, and its revenue slid as a shortage of chips limited the supply of pickups and SUVs in North America.
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Ford Posts $3.1 Billion First-Quarter Loss, Maintains 2022 OutlookFord swung to a net loss of $3.1 billion in the first quarter, a reversal largely driven by a steep loss in valuation of its stake in electric-vehicle startup Rivian Automotive
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Steven Ford pledges reform after being sworn in as Antioch interim chiefFormer San Francisco police commander Steven Ford was sworn in as the interim Police Chief in Antioch on Wednesday – raising hopes from many city officials that he would help reform an agency that’s faced recent controversy.
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Watch Jim Cramer's full interview with Ford CEO Jim FarleyThe 'Mad Money' host interviewed Ford Motor CEO Jim Farley on Wednesday's episode of the show.
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