The U.S. trustee overseeing Visteon Corp.'s Chapter 11 bankruptcy case, the committee representing unsecured creditors, and General Motors have joined Ford Motor Co. in objecting to Visteon's proposed bonus programs.
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The U.S. trustee overseeing Visteon Corp.'s Chapter 11 bankruptcy case, the committee representing unsecured creditors, and General Motors have joined Ford Motor Co. in objecting to Visteon's proposed bonus programs.
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Ford and General Motors have objected to a plan by bankrupt supplier Visteon to pay employees up to US$80.1m, saying that they and major auto parts suppliers had eliminated performance incentives for 2009.
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Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is "entirely too rich given current market and economic conditions," adding bankrupt Visteon's employees should be happy still to have jobs.
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Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is "entirely too rich given current market and economic conditions," adding bankrupt Visteon's employees should be happy still to have jobs.
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Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is "entirely too rich given current market and economic conditions," adding bankrupt Visteon's employees should be happy still to have jobs.
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Ford of Europe's sales in 51 markets fell 16.3% to 840,400 vehicles in the first half of 2009.
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Ford and Mazda Motor Corporation have completed a new US$500m passenger car plant at AutoAlliance Thailand (AAT), their joint venture manufacturing facility.
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Ford's St Petersburg factory restarted production today (13 July) after closing for two weeks to reduce stock amid tumbling demand in Russia where new car sales are expected to reach 1.4m this year, about half their 2008 levels.
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Ford of Europe's first-half new-car sales fell 16.3 percent amid a weak market, the carmaker said on Monday. One bright spot was a 1.
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Distinctive appearance. A wealth of customer-friendly technology and interior appointments. Fun to drive. Now, add more power without sacrificing fuel economy to the growing list of ways to describe the Ford Flex.
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Mazda Motor Corporation has announced the completion of the new passenger car plant at AutoAlliance Thailand (AAT), a joint venture manufacturing facility with Ford Motor Company.
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Faurecia CEO Yann Delabriere thinks there is a good chance that Ford Motor Co. will become one of the French supplier's top three customers.
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In some ways, the return of the Nissan Z car foreshadowed the return of the American retro hot-rod which would occur several years later. Resurrecting the lineage of the popular 300ZX, Nissan brought the 350Z back to market to do battle with the likes of the Honda S2000, Audi TT, and Ford Mustang.
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Jaguar says prices for its new flagship XJ sedan will start at 76,900 euros (about $106,800) in Germany. The British brand, which Ford Motor Co. sold to India's Tata Motors Ltd. last year, unveiled the new-generation XJ in London on Thursday.
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A proposed trade pact between South Korea and the European Union is one-sided and could threaten automobile manufacturing in western Europe, a top Ford Motor Co. executive said.
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A proposed trade pact between South Korea and the European Union is one-sided and could threaten automobile manufacturing in western Europe, a top Ford Motor Co. executive said.
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Ford Motor Co. is focused on cash management with the economy still a major concern rather than the competitive positions of its U.S. rivals who have gone through bankruptcy, Ford's chief financial officer said on Thursday.
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In June, Ford Motor Co. outsold General Motors in Canada. Ford's Canadian sales rose 23.8 percent from a year earlier -- its first year-over-year gain of 2009 -- to 28,274 units. GM's sales dropped 31.2 percent to 22,071.
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