Ford Motor Company's development of upcoming battery-electric vehicles (BEVs) has been, so far, an outside job. Electric versions of the Transit Connect and the Ford Focus were developed with the help of suppliers Azure Dynamics Inc. and Magna International Inc., but Ford has not ruled out producing future BEVs in-house. As Ford's direc
What's good for the goose may be good for the gander, but what works for one country or automaker doesn't necessarily work for another. So while the Canadian Auto Workers union may have approved a new agreement with Ford, below the 49th parallel their compatriots apparently feel otherwise.
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 have done just that, with the stock trading 15% ahead of yesterday and the entire Dow Jones stock market perking up at the news.
Click either image for a high-res gallery of 2010 Ford Taurus spy shots
As talks approach with General Motors head Rick Wagoner, Carlos Ghosn is stating that he has no desire to head up the conglomerate if a merger of sorts takes place. Apparently, he feels that he's busy enough running both Nissan and Renault. Ghosn did show some interest in getting a board seat if a deal was struck with GM, though.
From all appearances, Ford Motor Company feels it will need a well-baited hook in order to attract investors to its most recent issue of bonds. As such, the Blue Oval crew is offering $2.5 billion with rates as high as 10.75 percent - a record for the company. Analysts state that this is "an expensive way" for the company to hold onto its $21.2B in cash, even as its prepares for yet another round of downsizing. Ford itself confesses that selling credi
When Ford Motor Company reports its first quarter earnings tomorrow, the automaker is likely to report a decline thanks to a huge drop in SUV sales and diminishing market share. Analysts say that Ford's dependence on big SUVs, combined with surging gas prices have negated any effect so far of Ford's "Way Forward" plan, which will close 12 plants and cut 30,000 jobs over the next six years.
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 March was 56.
Virtually all automakers attempt to mold their image by aligning themselves with other organizations and sporting events, but we can't think of a recent move as extreme as that of Ford Motor Co. dropping its interest in the genteel sport of golf to sponsor professional bull-riding.