The White House on Thursday defended Donald Trump's verbal assault against former Democratic Representative John Dingell, as members of Congress blasted the Republican president for insulting another veteran lawmaker after his death. Dingell, the longest-serving member of Congress, died in February at age 92 after representing his district outside Detroit for 59 years in the House of Representatives. At a campaign rally in Dingell's home state of Michigan Wednesday night, Trump suggested the l
Alan Mulally, the man who transformed Ford Motor Co. from a dysfunctional money-loser to a thriving company, will retire July 1 and be replaced by Mark Fields, the current chief operating officer.
Bill Ford, executive officer for Ford Motor Co., seems to be taking a fairly realistic stance when it comes to arch-rival General Motors releasing its IPO. While speaking at the kickoff of this weekend's Woodward Dream Cruise, Ford said that he was certain that some of his company's investors would likely move to GM, but he isn't entirely concerned. Even though Ford stock has slid off fro
Bill Ford made the sacrifice, now he's earned the reward. After living sans salary from Ford for five years, Bill is due to receive $4 million in cash and up to $12 million in stock options. That doesn't cover the entire five years, but rather the last two – it's what he would have made from 2008 to now. Ford made his pledge before the downturn and couldn't have known he'd go five years before "sustainable profitability" was achieved, so the
Let's sit down for a moment and think back to 1988. Have a clear picture yet? Neither did we, at first, so here's a refresher. Back then, environmentalists were likened to extremists. Their viewpoints were thought to be so far-fetched and disconnected from popular views that they were outsiders, even weirdos. In some ways, Bill Ford fit into that group of crazy environmentalists. Not a major problem, unless you're hired as the director of Ford Motor
Ford executive chairman Bill Ford closed out the 2010 SAE World Congress with a reminder: "All the early cars were electric." Why do so few people remember that electric cars date back more than a hundred years? Ford suggested it's because, electric cars have "been around really for the past century or so, but they really haven't had mass market appeal." There's the answer: with
Reuters is reporting that while Ford Motor Co. posted a $12.7 billion loss last year, its new Chief Executive earned $28.18 million. And that was for four months worth of work. Alan Mulally's pay for 2006 included salary and stock options, as well as an $18.5 million bonus. The man Mulally replaced, Chairman Bill Ford, had made good on his pledge to forego compensation until the company made a turnaround, and had no salary, bonuses, or stock earnings during the first 8 months of 2006. In the gra
Are you looking for a unique property with plenty of land, 5,900 sq. ft. of living space and a beautiful view of a lake Huron the Huron River? Not sure? What if we told you the house belongs to Ford Motor Company Chairman Bill Ford? Well, if you have $3.95 Million and a desire to live in Ann Arbor, then this very well may be your dream home. The Fords moved down the street, so your children may even go to the same school. They'll be the kids with th
Bill Ford, Rick Wagoner and Tom LaSorda have been twiddling their thumbs since May waiting for the White House to confirm a date for the Detroit trio to meet with George Bush, the D.C. decider. Tentative times have come and gone, and as each one passed, the perception that the current administration cares little about the challenges facing domestic
Our latest poll shows that the majority of you (51%, that's a mandate right?) believe that the CEO isn't the problem over at Ford Motor Company. However, Mr. Mulally should take heart in the fact that 30% of you believe he seems like the right fit for the job. Rounding out the pack were the 14% of you who thinks Ghosn should be cutting and slashing Fo
In an effort to assuage the fear of his employees over the current direction of Ford Motor Company, Bill Ford sent out a company-wide memo on Friday that details a three-point strategy for ushering the Blue Oval out of hard times. The Detroit News describes the strategy in a nutshell as 1) fixing Ford's North American business, 2) leveraging the company's global assets, and 3) bolstering its leadership team from within and outside the company. Easier said than done, right?
Bill Ford likes to talk to his peeps on the front lines and factory floors every once in awhile. Unfortunately, recent events affecting the current trajectory of Ford Motor Co. means most conversations have become one-sided pep talks aimed at rallying the troops. Ford employees recently received he following note from Ford himself. The rest is included in its entirety after the jump.
The much ballyhooed meeting between domestic auto industry leaders and U.S. lawmakers came and went today, with the net-net being that the Capitol gang has pledged to work with the manufacturers 'as partners.'
Hee's a bit of news that surely had Ford’s executive eyeing Consumer Reports rankings on all of the Blue Oval's offerings...