Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss.
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Ford chief executive Alan Mulally may have taken a 37% 'compensation' cut to a mere US$13.6m last year - with no bonus - but private jet transport and a company-funded house are still on the agenda.
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Ford Motor Co. has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Ford has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Ford Motor Co. has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Ford of Europe is increasing its new-car prices in the UK and Russia in response to the falling value of the British pound and the Russian ruble. Ford will increase the prices of new cars in Russia by 5 percent and by 3.75 percent in the UK.
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Ford has increased its UK prices by an average of 3.75% citing the continued weakness of the pound against the euro, which this week edged even closer to parity (GBP1 = EUR1.085 Wednesday morning). The rise applies to all new orders after 31 March.
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Ford Motor Co. will continue to require that its top two executives use private aircraft for business and personal travel. The company will pay for charter flights for Executive Chairman Bill Ford and CEO Alan Mulally.
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In 1986, Ford Motor Company created a shockwave in the auto industry with the introduction of the first-generation Taurus midsize sedan. Through the years, however, competitors got increasingly and collectively fiercer and, despite numerous attempts to catch up, the Taurus soon was relegated to vehicle fleets. The latest unsuccessful try involved a rebadged Ford Five Hundred, a car that executives desperately want to forget.
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Ford Motor Co. will continue to require that its top two executives use private aircraft for business and personal travel. The company will pay for charter flights for Executive Chairman Bill Ford and CEO Alan Mulally.
Full story...
Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss.
Full story...
Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss.
Full story...
Ford plans to raise its car prices in Russia by 5% on average starting April 1.
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All manufacturers are feeling the heat in recession-hit Europe this year and BMW Group is no exception. Even the highly successful Mini brand has been impacted with the plant at Oxford losing a shift.
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All manufacturers are feeling the heat in recession-hit Europe this year and BMW Group is no exception. Even the highly successful Mini brand has been impacted with the plant at Oxford losing a shift.
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Since the last new Camaro left us over seven years ago, Canadians were left with the Ford Mustang to fill the affordable muscle car niche. Things are about to change.
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Ford Motor Co. will double the amount of cash it is offering to pay down senior secured term loan debt. Lenders oversubscribed a $500 million cash tender offer by Ford Motor Credit Co.
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Ford Motor Co. will double the amount of cash it is offering to pay down senior secured term loan debt. Lenders oversubscribed a $500 million cash tender offer by Ford Motor Credit Co.
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Jaguar and Land Rover executives say they are guiding dealers to alternative sources of floorplan financing, but those who are not approved by Chase Auto Finance ultimately are on their own. Ford Motor Co.
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