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AHN
Ford Motor Company has earmarked 1 billion pounds ($1.84 billion) in Britain to develop environmentally friendly technology for its cars. "Environmental motoring has to go mainstream," not just be a lifestyle choice for a wealthy minority of customers, Ford Europe's chief Lewis Booth said in a...
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AHN
Ford Motor, buffeted by declining sales, shrinking margins on its most profitable vehicles, and a dire need to conserve cash, may lose $3 billion in North America this year. The pretax loss would be almost twice the $1.6 billion Ford lost in its North American auto business last year, and higher...
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YAHOO
Reuters - Ford Motor Company has earmarked 1
billion pounds ($1.84 billion) in Britain to develop
environmentally friendly technology for its cars, Ford of
Europe said on Monday.
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YAHOO
Reuters - Carlos Ghosn, who heads both Nissan
Motor Co. (7201.T) and Renault SA , on Thursday said
he had not had talks with Ford Motor Co. about an
expanded alliance of the kind it is beginning with General
Motors Corp.
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YAHOO
Reuters - Ford Motor Co. cut its dividend
in half on Thursday as well as the fees paid to board members
as the U.S. automaker struggles with its turnaround plan.
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Ford, Chrysler June auto sales down
YAHOO
Reuters - Ford Motor Co. and Daimler
Chrysler AG (DCXGn.DE) on Monday reported lower June sales,
citing high gasoline prices and slower sales of trucks and
sport utility vehicles, signaling a weak start to the summer
season.
Sources: YAHOO
Ford CEO: Bankruptcy "Is Not An Option"
AHN
Chief Executive of Ford Motor Co. said that though it faces tough decisions when it comes to an effective turnaround strategy, it rules out the option of bankruptcy. The Standard & Poor Index rated Ford lower than a double B minus stating, "2006 would be a more difficult year for Ford than...
Sources: AHN
Ford CEO rules out bankruptcy filing: report
YAHOO
Reuters - Ford Motor Co faces stronger
headwinds than it anticipated when launching a turnaround plan
but has ruled out seeking court protection from creditors, its
chief executive was quoted as saying in the Wall Street Journal
on Thursday.
Sources: YAHOO
IRS Certifies Multiple Ford Vehicles For Fuel Efficiency Tax Credit
AHN
The Internal Revenue Service (IRS) says several Ford Motor Company's 2007 vehicles qualify for the Alternative Motor Vehicle Credit created by the Energy Policy Act of 2005. The IRS says Ford Escape Front WD Hybrid Model Year 2007 owners can claim a credit of $2,600; while Ford Escape 4 WD Hybrid...
Sources: AHN
Ford unveils 2007 automobile lineup
YAHOO
AP - Ford Motor Co. is counting on its 2007 lineup with new crossovers and all-wheel-drive cars to help slow its declining market share. Now it just needs to convince consumers.
Sources: YAHOO
Ford says committed to 2008 profitability target
YAHOO
Reuters - Ford Motor Co. is on
track to meet its goal of making its North American auto
business profitable by 2008 and remains committed to that
target, a senior executive said on Wednesday.
Sources: YAHOO
Ford Expects Some 11,000 Workers To Accept Buyout
AHN
Ford Motor Co. says it expects 10,000 to 11,000 unionized hourly workers to accept early retirement and buyout offers by the end of the year. Ford spokeswoman Marcey Evans says through June 1 about 4,900 workers, including employees at parts subsidiary Automotive Components Holdings, have...
Sources: AHN
Ford expects up to 11,000 workers to accept buyouts
YAHOO
Reuters - Ford Motor Co. said on Monday
that it expects 10,000 to 11,000 unionized hourly workers to
accept early retirement and buyout offers by the end of the
year.
Sources: YAHOO
Ford to upgrade three Mexican plants
YAHOO
Reuters - Ford Motor Co. said on Friday it
will revamp three factories in Mexico over the next several
years as part of its North American restructuring plan.
Sources: YAHOO
Report: Ford To Invest $9.2 Billion In Mexico
AHN
Ford Motor Co. is currently planning to relocate some of its North American operations to Mexico after axing jobs and shutting down plants, a Wednesday newspaper report suggested.
Sources: AHN
Exec says cuts at Ford going faster than expected
YAHOO
Reuters - Ford Motor Co. is making
faster-than-expected progress in reducing its hourly work force
as part of a restructuring, a senior company official said on
Wednesday.
Sources: YAHOO
Ford to invest up to $9.2 bln in Mexico: report
YAHOO
Reuters - Ford Motor Co. , which is slashing
jobs and closing plants in the United States as it seeks to
return its North American operations to profitability, is
preparing to invest up to $9.2 billion in Mexico to leverage
its low operating costs there, a Michigan newspaper reported on
Wednesday.
Sources: YAHOO
Ford, Chrysler post US sales declines for May
YAHOO
Reuters - Ford Motor Co. and Chrysler Group
(DCXGn.DE) on Thursday reported lower U.S. sales in May as
higher gasoline prices cut into demand for big, fuel-thirsty
sport utility vehicles and pickup trucks.
Sources: YAHOO
Ford's US sales decline in May
YAHOO
Reuters - Ford Motor Co. on Thursday said
U.S. vehicle sales fell 1.9 percent in May, hurt by decline in
truck sales.
Sources: YAHOO
Ford offers zero-percent loans, $1,000 gas credit
YAHOO
Reuters - Ford Motor Co. on Wednesday said
it would offer zero-percent financing offer on almost all of
its vehicles and give buyers $1,000 toward gas purchases as
part of its most aggressive sales incentive program of the
year.
Sources: YAHOO
GM, Ford US sales seen down in May
YAHOO
Reuters - U.S. sales for General Motors Corp.
and Ford Motor Co. were stuck in the slow lane in
May, hurt by gas prices and soft demand for large sport utility
vehicles, even as Japanese rivals raced ahead, analysts said on
Tuesday.
Sources: YAHOO
GM, Ford US sales seen down in May; Toyota, Honda up
YAHOO
Reuters - U.S. sales for General Motors Corp.
and Ford Motor Co. were stuck in the slow lane in
May, hurt by gas prices and soft demand for large sport utility
vehicles, even as Japanese rivals raced ahead, analysts said on
Tuesday.
Sources: YAHOO
Asian markets prop up struggling GM, Ford
YAHOO
AFP - As they struggle to reignite their ailing North America operations, both General Motors Corp. and Ford Motor Co. are depending on profits from operations in new markets across Asia to keep them afloat.
Sources: YAHOO
House Debates Lifting Drilling Bans
YAHOO
AP - The House on Thursday debated whether to end a quarter-century ban on offshore oil and gas development in coastal waters outside the western Gulf of Mexico, weighing arguments that new supplies are needed to lower energy prices.
Sources: YAHOO
Foreign Automakers Up Production in India
YAHOO
AP - Motorbikes, auto-rickshaws and wandering cows are increasingly sharing India's chaotic streets with shiny new foreign cars — another sign of the country's historic economic expansion.
Sources: YAHOO
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