Ford

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@Ford: Give Social Media Some Credit
@Ford: Give Social Media Some Credit
Auto Turnaround

@Ford: Give Social Media Some Credit

Ford's finally profitable, and coincidentally, it owns the web

(Newser) - You’ve heard all the standard reasons for Ford’s $1 billion third-quarter profit—cost-cutting, layoffs, cash for clunkers, and so forth. Lost in the hubbub is another crucial element: Ford’s social media prowess. The company's social media guru has been extremely successful at drumming up buzz for its...

Ford Looks to Sell Volvo to China

Geely is only bidder remaining for Swedish subsidiary

(Newser) - Ford put its Volvo unit up for sale last December, and it's narrowed the possible buyers to just one bidder: a Chinese consortium led by Geely, the country's largest private automaker. Geely first approached Ford about the purchase in summer 2008 and is prepared to pay about $2 billion, less...

Ford Recalls Another 4.5M Vehicles Over Fire Hazard

Faulty switch linked to decade-long problems

(Newser) - Ford today made 4.5 million vehicles eligible for what is already its biggest recall ever. The move involves a faulty switch, an automatic cruise control deactivator made by Texas Instruments, that has been linked to at least 550 fires, mostly while the vehicles were turned off. Ford has now...

Recession Crushes White-Collar Michigan

Layoffs, property price plunge leaves middle-aged workers in limbo

(Newser) - Tens of thousands of middle-aged white-collar workers have been left jobless and stranded in Michigan by the recession, the Wall Street Journal reports. Auto industry veterans laid off by the Big Three are finding themselves competing against against younger people for a smattering of job openings. With property prices down...

Ford Unveils Minivan Lite
 Ford Unveils Minivan Lite 

Ford Unveils Minivan Lite

7-passenger 'people mover' on its way

(Newser) - Ford has announced its reentry into the please-don't-call-it-a-minivan category, USA Today reports. The carmaker has been out of the minivan business since 2007, and it plans to stay that way—at least in name—with the Grand C-Max, scheduled to be on US roads in two years. Built on a...

Clunkers Drives Ford's August Sales Up 17%

Hyundai surges 47%; GM drops 20% and Chrysler 17%

(Newser) - Cash for Clunkers reverberated through August auto sales reports released today, with Ford and Hyundai scoring big jumps, the Wall Street Journal reports. The winners and losers:
  • Ford's light vehicle sales rose 17% year-over-year, with the Focus and Escape both in the top eight most popular vehicles purchased through the
...

Cops Bummed as Ford Kills Crown Vic

(Newser) - In June, Ford brought the heads of the nation’s top police fleets to its Dearborn headquarters and had them test drive its latest Taurus. The goal: to convince them that there would be life after the Crown Victoria. The Crown Vic is the unrivaled king of cop cars, making...

Companies Use Recession to Stomp Hurting Competition

(Newser) - When the recession hit, Bed Bath & Beyond saw an opportunity. Chief competitor Linens ‘n Things was laden with debt, so Bed Bath & Beyond “decided to destroy them,” says one analyst. It matched every Linens’ discount, issued a barrage of coupons in Linens’ key markets, and,...

Cars Replacing Clunkers Are Mostly Japanese

(Newser) - The "cash for clunkers" program might be a boon for car dealers, but for American automakers the news isn't so good—four of the five top-selling cars in the program are Japanese. While the Ford Focus is the No. 1 seller, Toyota and Honda occupy the next four spots....

Upbeat Earnings Have CEOs Singing Rebound

(Newser) - CEOs and investors have springs in their steps. After a week full of positive earnings reports, many now believe worst is over, the Wall Street Journal reports. Yesterday saw a slew of reports that matched or beat estimates, including Motorola, Goodyear, Sony, and Kellogg Co. The economy “has found...

Resurgent Ford Has High Hopes for Taurus

Automaker's financial independence has improved its image with consumers

(Newser) - Ford is hoping to use the imminent launch of the 2010 Taurus to cement its newly dominant position among Detroit’s Big Three, MSNBC reports. Ford’s position as the only major US automaker not receiving government aid has been translating into small but significant gains in market share as...

Ford Shocks Street With $2.3B Profit
 Ford Shocks Street 
 With $2.3B Profit 
EARNINGS REPORT

Ford Shocks Street With $2.3B Profit

(Newser) - Ford surprised the markets today by posting a $2.3 billion quarterly profit, thanks mostly to debt restructuring actions, Reuters reports. The result beat estimates and represents Ford's first good quarter in more than a year; this time in 2008, the automaker lost $2.7 billion. But the global downturn...

Look Out, Detroit: Geely on Track to Be the New Toyota

(Newser) - The crash of the US auto market has sped up the global auto industry's shift toward emerging markets, and no one is better poised to take advantage than the Chinese, the Wall Street Journal reports. Geely, one of the few Chinese auto firms that operate without a foreign partner, has...

10 Cars That Changed Our Lives
 10 Cars That Changed Our Lives

10 Cars That Changed Our Lives

Forbes compiles autos that changed the world

(Newser) - Cars can create or symbolize profound change—in lifestyle, financial status, and even forms of government. Forbes looks at 10 that changed the world:
  1. Toyota Prius. The flagship model for all hybrids, the Prius opened people's minds to the ugly environmental impact of driving. It remains the world's best-selling hybrid
...

GM-Owning Feds Buy Rival Fords
GM-Owning Feds Buy
Rival Fords

GM-Owning Feds Buy Rival Fords

General Services Administration spends $129M on competition

(Newser) - The federal government isn't letting its stake in General Motors and Chrysler stop it from doing business with rivals, the New York Times reports. Ford, the only one of the Big Three not to receive bailout funds, won the biggest order in the General Services Administration's recent stimulus-funded $287 million...

US Automakers See Sales Increase in May

Ford, GM have best month of 2009

(Newser) - Some actual good news for the auto industry: All three US automakers saw sales of new cars jump from April to May, reports the New York Times. Granted, sales are still way down compared to last year, but the month-to-month leap offers a glimmer of hope among the bankruptcy headlines....

As Rivals Flail, Ford Ramps Up Production

(Newser) - Hoping to profit from its rivals' pain, Ford will ramp up this year's third-quarter production 10% over last year's, in a bid to grab market share from GM and Chrysler as they recover from bankruptcy, the Wall Street Journal reports. It’ll be Ford’s first production bump in nearly...

Big Three See Bumpy Road With 20-Somethings

Demographic key to rebuilding for US automakers

(Newser) - Detroit automakers face a hard road when it comes to Generation Y—consumers aged 22-32 whose business is crucial to securing the firms' futures, BusinessWeek reports. Their boomer parents broke from tradition by shifting to Japanese cars, and Gen Y is following in those footsteps. Detroit “simply must do...

Ford Courts GM, Chrysler Customers

Helps pay off their loans, trains dealers in 'conquests'

(Newser) - With General Motors and Chrysler struggling, Ford is moving to pick off some of its rivals’ customers, the Detroit News reports. The firm is passing cash to its dealers to ease Chrysler owners’ loan payments—so they can pick up Fords. Ford may soon do the same for GM owners....

Stocks Plunge as Retail Sales Disappoint
 Stocks Plunge 
 as Retail Sales 
 Disappoint 
MARKET Open

Stocks Plunge as Retail Sales Disappoint

(Newser) - Stocks sunk swiftly at the open after disappointing sales reports from retailers. The Dow tumbled 160 points, while the Nasdaq and S&P fell 1.5% and 2.1% respectively. Retail sales were down a more-than-expected 0.4% in April, from a revised-downward 1.3% drop in March. RealtyTrac also...

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