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Motor racing-F1 season could start with two Bahrain races, says Domenicali

Formula One could start the season with two races in Bahrain due to the COVID-19 pandemic but is still confident of putting on a record 23 rounds, chief executive Stefano Domenicali said on Thursday. ....

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Ford to close Brazil manufacturing operations, take $4.1 billion in charges

3 Min Read
DETROIT/SAO PAULO (Reuters) - Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $4.1 billion as the COVID-19 pandemic amplified the company’s under use of its manufacturing capacity.
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/File Photo
Production will cease immediately at Ford’s plants in Camaçari and Taubaté, with some parts production continuing for a few months to support inventories for aftermarket sales. The Troller plant in Belo Horizonte, Brazil, will continue to operate until the fourth quarter. ....

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Ford boosts investment plan for EVs and self driving vehicles, reports loss

5 Min Read
DETROIT (Reuters) - Ford Motor Co on Thursday more than doubled the amount of money it plans to invest on electric and autonomous vehicles, to $29 billion, even as it posted a fourth-quarter net loss of $2.8 billion.
FILE PHOTO: A Ford Motor Co. banner is displayed outside the New York Stock Exchange (NYSE) in New York, U.S., August 17, 2020. REUTERS/Brendan McDermid/File Photo
The No. 2 U.S. automaker also said the global semiconductor chip shortage could lead to a 10% to 20% loss in first-quarter production, resulting in a potential hit to operating earnings of $1 billion to $2.5 billion. But its shares gained 1.5% in after-hours trading as the fourth-quarter operating results and 2021 profit forecast were above Wall Street’s expectations. ....

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Suzuki Motor 9-month Profit Down; Backs FY Outlook

HAMAMATSU (dpa-AFX) - Japanese automaker Suzuki Motor Corp. (SZKMF.PK, SZKMY.PK) reported that its net income attributable to owners of the parent for the nine-month period ended December 2020 ....

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Motor racing-Grosjean moves to IndyCar but rules out risky ovals

Romain Grosjean announced a move from Formula One to IndyCar on Wednesday but said he would not race on the more dangerous ovals for the sake of his family after a fiery crash in Bahrain last year. ....

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