buying Ford's buyback program adds a safety net for buyers during coronavirus crisis
2021 Ford Bronco Is Finally Coming, with Debut Set for July
The revival of the Bronco had been delayed a few months, and production will be as well, with the first buyers getting the new SUV in 2021. Ford has announced that the new Bronco will be officially revealed in July. The 2021 Ford Bronco is targeted at the Jeep Wrangler and will have removable doors and roof. Production has been delayed due to the coronavirus pandemic, so expect to see them at dealers sometime next year starting at around $30,000. Ford will finally show the 2021 Bronco to the world in July 2020.
Multiple automakers have launched programs in the midst of the coronavirus pandemic to. Most of these programs involve deferring payments if the buyer loses their job. Now is offering a program where they'll buy back the car entirely in the event of job loss.
It's called the Ford Promise Initiative. If you just bought a new Ford and you lose your job within a year, the company willback for the average value. As long as you've made all your payments until the buy back, and the difference in vehicle values doesn't exceed $15,000, the car goes back to Ford and the rest of the debt is considered paid. If you do have any late payments or the difference in value exceeds $15,000, you'll have to pay that excess as well as the payments you missed.
Ford Throws Lifeline to Auto-Parts Suppliers Facing Cash Crunch
Ford Motor Co. is helping some of its suppliers survive a cash crunch by paying its bills early to ensure that critically needed parts keep flowing to its auto factories. © Bloomberg An employee inspects a vehicle frame at the Ford Motor Co. Chicago Assembly Plant in Chicago, Illinois, U.S., on Monday, June 24, 2019. Ford invested $1 billion in Chicago Assembly and Stamping plants and added 500 jobs to expand capacity for the production of all-new Ford Explorer, Explorer Hybrid, Police Interceptor Utility and Lincoln Aviator.
The program is available until September 30, 2020. Any new 2019 to 2021 Ford purchased then will be eligible for a buyback 30 days after purchase. The program only applies to personal vehicles, notor vehicle used for commercial purposes. All customers who finance their vehicle through Ford Credit, either for or owning will be eligible for this program.
originally appeared on on Mon, 29 Jun 2020 12:53:00 EDT. Please see our terms for use of feeds.
Collapse of air traffic: Rolls-Royce will cut "at least" 9,000 jobs .
© AFP The Rolls-Royce engine manufacturer, which has already reduced its workforce by 4,600 people since 2018, will cut "at least "9,000 jobs due to the crisis in the airline industry. Handled by the collapse of air traffic linked to the Covid-19 pandemic, the British aircraft engine manufacturer Rolls-Royce announced on Wednesday the abolition of "at least" 9,000 jobs. Bad news keeps coming for jobs in the aeronautics sector.