Ford's European operations and its Swedish unit Volvo both lost money in the first quarter. Ford of Europe reported a pre-tax loss of $550 million for the quarter, compared with a profit of $739 million a year ago.
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Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss.
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Ford Motor Co., the only U.S. automaker operating without federal bailout loans, cut its rate of cash burn by about half in the first quarter while posting a fourth straight quarterly loss.
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Ford on Friday announced a net loss of US$1.4bn, or $0.60 per share, for the first quarter of 2009 and a pre-tax operating loss of $2bn, excluding special items. It reported net income of $70m, or $0.03 per share, in Q1 2008 and a $686m operating profit a year ago.
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Ford on Friday announced a net loss of $1.4bn, or $0.60 per share, for the first quarter of 2009 and a pre-tax operating loss of $2bn, excluding special items. It reported net income of $70m, or $0.03 per share, in Q1 2008 and a $686m operating profit a year ago.
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Mitsubishi Motors Sales of Canada announced pricing for the 2009 Lancer Evolution RS. Available at $39,998, this model becomes the most affordable Evo but deprives owners of features that aren't really necessary in a pure performance car.
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Ford Motor Co. is expected to post a large first-quarter net loss Friday amid a global economic downturn that has pressured results in the United States, Western Europe and other developed economies.
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Ford Motor Co. says it will build more vehicles in North America in the second quarter than it planned last month because of rising demand for the mid-sized Fusion.
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Ford has updated the Europeam-specification Turkish-built Transit Connect van and its Tourneo Connect passenger carrying variant ahead of the model line's launch in the US this coming summer after its Chicago auto show debut last February.
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A common rite of passage is the cross-country road trip, the quintessential way for young Americans to get in touch with themselves and their country before the worries and responsibilities of life come calling.
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Ford has reportedly found a local supplier to produce engine blocks for its Indian assembly operations.
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Ford Motor Company's (NYSE:F) MyKey(TM)
teen-safety driving technology topped the American Automobile Association's (AAA) top technology picks for
new vehicles and earned the 2009 Traffic Safety Achievement Award from a panel of judges at the New York
International Auto Show's World Traffic Safety Symposium.
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In today's News Brake: Ford aims for 1,000 miles on one tank of fuel; Toyota gets aggressive with the price of the new Prius; and Lexus takes the LF-A sports car back to the track ... But Wait, There's More!
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The Ford Fusion Hybrid team will attempt to drive more than 1,000 miles for more than 43 continuous hours - on a single tank of gas, raising money for the Juvenile Diabetes Research Foundation in the process
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Unless you've been living on another planet for the past several months, you know that the 2009 Hyundai Genesis full-size sedan has won multiple awards in Canada and North America for its affordable luxury, outstanding value, inspired driving and impeccable fit and finish. Actually, the sub-$50K price puts this beautiful import in a class of its own. Talk about a slap in the face of German competitors.
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While the Mustang got its own celebration two days earlier on the other side of the country at Barber Motorsports Park in Alabama, on Sunday, the annual Fabulous Fords Forever show in California honored all Blue Oval creations of the last 100 years.
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A report in Swedish business daily Dagens Industri says that officials from one of the Chinese vehile makers believed to be interested in buying Volvo Cars from Ford will next week visit Volvo Cars' HQ.
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Chongqing Changan Auto Co., Ford Motor's China partner, is planning acquisitions overseas as it prepares to enter Europe and North America where the industry downturn has hit hard, its chairman said on Sunday.
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Ford Motor Co. is offering dealers in its development program, who are mainly black or Hispanic, the chance to buy their stores for $1. Ford will brief dealers on the offer today, April 20.
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