Ford Motor Co. executives say they expect "robust" additional funding for a program of low-interest government loans to help automakers and suppliers retool for more fuel-efficient vehicles.
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Ford has just revealed certain details about its new electric vehicle strategy. The automaker has signed with a new supplier of batteries for plug-in hybrids, Johnson Controls-Saft, and seven electricity providers will be testing Ford's hybrid vehicles.
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Ford may need to access US government aid in late 2009, an analyst as said, just days after the company said in its Q4 results statement it would have enough cash to survive without a state bailout.
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Chinese OEMs are said to be interested in buying Volvo Cars from Ford. The Volvo brand is upscale, much respected and offers global presence, as well as some class-leading technology.
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Ford on Monday said it would sell its Bordeaux automatic transmission plant but stressed there would be no change in employment levels, production of automatic transmissions for Ford continues until 2011 and six new projects were planned for the facility, "including one in renewable energy".
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Ford Motor's factory in Blanquefort in western France will be acquired by a German industrial group, Economy Minister Christine Lagarde said on Monday, adding that 1,600 jobs at the plant would be saved.
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Ford Motor Co. announced Monday that it plans to sell its automatic transmission factory near the southwestern city of Bordeaux to a French company that operates one of the country's historic steel forging operations.
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Support is growing for a Europe-wide scrappage incentive to boost new-car sales during the economic crisis. Executives at Ford of Europe and PSA/Peugeot-Citroen said they want an expansion of the successful plans launched in Germany and France.
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Volvo posted a $1.47 billion pre-tax loss (1.15 billion) for 2008 last week, further complicating Ford Motor's attempts to sell the Swedish brand. In the fourth quarter, Volvo's loss was $736 million as revenue skidded from $5.1 billion to $3.
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Suppliers to the 2009 Ford Flex include Burgess-Norton, Methode Electronics, Toyoda Gosei, Autoliv, Emhart Teknologies, IAC, Omron, Continental Structural Plastics, Stabilus, Empire Electronics, Valor Manufacturing, Dana, Dura, Midway Products, ABC,...
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Car detailing set raises bar.
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Ford Motor Co. said today it has reduced global warranty costs by $1.2 billion during the past two years -- $100 million in 2008 and $1.1 billion in 2007. Since 2004, the per-vehicle warranty repair rate has dropped by 50 percent for U,.S.
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Ford and Shelby collaborating on a Mustang isn't news, it's the norm. But when they're doing something they haven't done in more than 40 years, and the price tops $100,000, it must be something special.
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The statisticians at Ford of Britain have been busy. They have - perhaps unwittingly - unearthed a price statistic that may cause some to gasp.
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Give a company a serious crisis to deal with once in a while and it's amazing how much money it can save. Ford took $5bn of costs from Ford US last year while losing $1.9bn on that business in the last quarter.
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Ford has reported a net loss of nearly $6 billion dollars, or $2.46 per share, for the last three months of 2008. The loss included $3.7 billion from continuing operations, and of course came as a result of steadily declining global automobile sales. Ford lost $620 million dollars during the same period in 2007.
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Ford has reported a net loss of nearly $6 billion dollars, or $2.46 per share, for the last three months of 2008. The loss included $3.7 billion from continuing operations, and of course came as a result of steadily declining global automobile sales. Ford lost $620 million dollars during the same period in 2007.
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The UAW signaled its willingness to give Ford Motor Co. the same bailout concessions as General Motors and Chrysler LLC when it agreed to permit Ford to terminate its Jobs Bank.
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Ford Motor Co. is not contemplating any large-scale support for struggling auto parts maker Visteon Corp. and sees no need to inject cash into its former affiliate, the automaker said today.
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Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted.
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