A US$14bn investment in fuel saving technology, including electric commercial and passenger vehicles due out by 2011, should boost Ford's overall and North American automotive business pre-tax results to at least break-even in 2011, Ford said in a submission to the US Senate Banking Committee today, ahead of a second congressional hearing starting on Thursday.
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The era of corporate jets is over at General Motors and Ford.
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Ford Motor Co. CEO Alan Mulally will drive to congressional hearings in Washington, D.C., this week in a Ford Escape Hybrid. Mulally plans to leave Detroit on Tuesday to make the 9-hour drive, Ford spokesman Mike Moran said.
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Ford Motor Co. CEO Alan Mulally will agree to cut his annual salary to $1 as part of Ford's bid to win congressional support of federal aid to automakers, the Wall Street Journal reported.
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The Ford Motor Company has announced that it has started reviewing its revival strategy to face the sharply declining automobile sales of the last three months as well as the severe economic crisis shaking the planet.
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Ford Motor Co. CEO Alan Mulally will agree to cut his annual salary to $1 as part of Ford's bid to win congressional support of federal aid to automakers, the Wall Street Journal reported.
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Ford Motor Co. CEO Alan Mulally will drive to congressional hearings in Washington, D.C., this week in a Ford Escape Hybrid. Mulally plans to leave Detroit on Tuesday to make the 9-hour drive, Ford spokesman Mike Moran said.
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Ford Motor Co. CEO Alan Mulally will drive to congressional hearings in Washington, D.C., this week in a Ford Escape Hybrid. Mulally plans to leave Detroit on Tuesday to make the 9-hour drive, Ford spokesman Mike Moran said.
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The collapse of a Detroit automaker would send shock waves through Chicago, from South Side manufacturers to northwest suburban dealerships to downtown TV studios. As General Motors, Ford Motor Co.
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Ford on Monday said it would "re-evaluate strategic options for Volvo Car Corporation, including the possible sale", confirming speculation over the last several months it would sell the Swedish brand.
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Focus was last seen in tin-top guise in the WTCC in 2005.
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Ford Motor is exploring the possible sale of Volvo Cars, the company said Monday.
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At the beginning of the year it seemed Indian conglomerate Tata Group was on a dream run, first unveiling the world's cheapest car and then buying the Jaguar and Land Rover brands from Ford Motor Co. for $2.3 billon.
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Ford Motor has no intention of asking the German government for the kind of state aid that General Motors' Opel unit has requested, the head of Ford's German operations told a newspaper.
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General Motors and Ford Motor have approached the Swedish government about aid for their Saab and Volvo car units, the Financial Times said on Monday.
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Through October, about 700 automobile dealers in the United States have gone out of business this year. Ford dealer Donna Todd is desperately hoping she won't be next.
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Tim Sunburg could see that things were coming undone at Denny Hecker Automotive Group back in mid-October. Sunburg, a service adviser at Hecker's Ford dealership in Monticello, Minn.
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The Ford Model T first went on sale in October of 1908, and with a sticker of $825 it wasn't the affordable American dream that it became 17-years later when it sold for just $260. The introduction of the mass-assembly production line in 1915 enabled Henry Ford to build the cookie-cutter vehicles at a rate never before imagined. By May 26, 1927, 15 million Model Ts had been sold to primarily members of the burgeoning middle class in North America and around the world.
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