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REPORT: U.S consortium now in lead for Volvo purchase
Just about a month ago, news hit the interwebs that Chinese automaker Geely officially became Ford's preferred bidder for Volvo once concerns over intellectual property were sorted out. Today, though, we're hearing that Crown, a consortium led by former Ford director Michael Dingman, former Ford and Chrysler LLC executive Shamel Rushwin and ex-Volvo CEO Roger Holtback, is gaining momentum in its bid for the Swedish automaker after submitting a revised proposal. If reports from The Wall Street Journal and Reuters are accurate, Crown's new bid ... Read more →
Geely denies interest in Volvo and Saab, but you can still bet on who will buy the 'Born From Jets' brand Chris Paukert
According to the Chinese auto newshounds over at Gasgoo, Geely has denied it has any interest in buying Volvo or Saab. The Swedish patients, being shopped by Ford Motor Company and General Motors, ...
New 2010 Lincoln MKS with EcoBoost to start at $47,760* Chris Paukert
We hope to have our very first driving impressions of Ford's new EcoBoost powertrain technology for you later today, but in the meantime, the Blue Oval has just announced that the first vehicle ...
REPORT: Wall Street rallies around better-than-expected Ford results Chris Paukert
On the surface, at least, news that a company lost $1.4 billion wouldn't normally be greeted as good news by Wall Street. However, the Ford Motor company's just-published quarterly earning reports ...
eBay Find of the Day: 1995 Lincoln Sentinel Concept Dan Roth
Looking like a 1961 Continental reimagined thirty years on, the Lincoln Sentinel concept caused quite a stir on the show circuit back in the mid-'90s. Eventually, the not-quite-a-runner sedan ...
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Mulally on Ford: "We are competitive now." 8 months ago on Autoblog
If we were cynics, we could say that Ford just happened to get stuck in deep doo-doo when America's credit markets were still reasonably flexible. When Ford leveraged all of its assets, right down to its logo, the most difficult part was probably not getting the money, it was probably swallowing ...
Ford CEO Mulally gets 37% pay cut; Gephardt, Earley appointed to board 8 months ago on Autoblog
Ford's CEO Alan Mulally took hope a tidy $13.57 million compensation package for his work in 2008, While that's a handsome sum, it represents a 37 percent cut of the $21.67 million he took home in 2007 – and that's before the ex-Boeing exec takes an additional 30 percent haircut for 2009. By ...
Ford celebrates production of 100,000th hybrid SUV 9 months ago on Autoblog
Today, Ford celebrates a new milestone in the life of its hybrid SUV platform as the 100,000th vehicle rolls down the assembly line at the Blue Oval's Assembly Plant in Kansas City. This production total includes all Ford Escape Hybrids, Mercury Mariner Hybrids and Mazda Tribute Hybrids ...
Ford, UAW reach tentative retiree health care trust fund deal 9 months ago on Autoblog
Ford Motor Company says it has reached a tentative deal with the UAW regarding modifications to the Voluntary Employees' Beneficiary Association (VEGA) pact, the union's retiree health care trust. While specifics are not yet being divulged, the Blue Oval says that it has agreed to make up to half ...
GM, Ford job cuts closing in on 50% in U.S. - Chrysler not far behind 9 months ago on Autoblog
In 2002, General Motors had 177,000 employees in North America. By the end of 2008, that number had shrunk to 93,000, or 49% fewer employees than it had just six years earlier. GM plans to further cut its white collar workforce by 3,400 by May of this year, and the General is looking to cut 10,000 ...
Ford moving to three-year redesigns to keep things fresh 1 year ago on Autoblog
Back when it was virtually guaranteed 20% US market share, Ford would redesign its vehicles every five or more years. The Ford Ranger, Focus, and Crown Victoria changed even slower, with mostly only new lights and grilles. When competitive pressures started to put the Blue Oval into an ...
Suicide At Ford's Marketing Headquarters 2 years ago on Autoblog
Tragedy struck the Ford Motor Company on Saturday when a man jumped to his death from the 10th floor of the automaker's Regent Court Building in Dearborn. In an interview with the Detroit Free Press, company spokeswoman Sara Tatchio confirmed that an employee committed suicide and stated, "It was ...
Explosion at Ford plant sends workers to hospital 3 years ago on Autoblog
Ford Motor Company’s Research and Innovation Center in Detroit was rocked by a chemical incident early Thursday afternoon that sent a number of workers to the hospital. We’re hearing conflicting reports of exactly what went down and how many workers were injured, but that number appears ...
Zephyr appealing to younger-than-average buyers for Lincoln 3 years ago on Autoblog
Could the Lincoln Zephyr, soon to be known as the MKZ, be bringing the average age of Lincoln drivers down a notch or two? Automotive News reports that while the average age of a Lincoln owner is 60 (and the Town Car's drivers are 70 ), the Zephyr's average buyer during the first three weeks of ...
Ford's Oakville assembly plant to go wireless, eh? 3 years ago on Autoblog
Ford Motor Company is cutting the cord at its Oakville assembly plant. No, the site isn't the latest casualty of The Way Forward-- quite the opposite. As part of a $1 billion dollar investment, the automaker is taking the 486,000 square-meter site wireless. The facility will feature a ...
Lincoln's Build-your-own MKX website goes live 3 years ago on Autoblog
Lincoln has opened the virtual book on its MKX crossover utility. The automaker is offering the chance to 'pre-design' their latest offering via their website, Lincoln.com. For Autoblog regulars, you know the drill: All prices, packages and options are survey-only estimates. In fact, savvy Windows ...
A glimpse inside the mind of Toyota USA president Jim Press 3 years ago on Autoblog
Strangely, it was hard to get Jim Press to talk about cars. That sentence opens Richard Ducote’s opinion piece on Toyota's head honcho for the Arizona Daily Star. Press, president of Toyota Motor Sales USA, was speaking at the University of Arizona, where he had been named 2006 Executive of ...
Autoblog Podcast #155: 'Twas the night before LA...
Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.
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