tagged w/ Ford Motor Company
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We spent two weeks with the splendid yet controversial 2013 Ford C-Max hybrid, documenting repetitive driving routes under varying conditions, rolling up over 900 miles in testing.We spent two weeks with the splendid yet controversial 2013 Ford C-Max hybrid,... more
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The 2013 Ford C-Max Energi Plug-In Hybrid's chief competitors are the Prius Plug-In and the Chevy Volt. Is 21 miles of pure electric range enough to grab market share from the Prius? We took a C-Max Energi on a ride along the Pacific Coast Highway to find out.
http://youtu.be/qbCwkDKf6BsThe 2013 Ford C-Max Energi Plug-In Hybrid's chief competitors are the Prius... more
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The sensational Carroll Foundation Trust billion dollars offshore tax evasion fraud scandal sweeping Wall Street New York and the City of London has revealed that the new FBI Scotland Yard prosecution files contain a startling litany of twenty eight forged and falsified UK Companies House and State of Delaware registered Carroll Trust Corporations which are directly linked to the fraudulent incorporation of HSBC International and Barclays Bahamas Cayman Islands Gibraltar and City of London numbered accounts that effectively impulsed this massive tax fraud heist operation which stretches the globe.
Sources have disclosed that these explosive dossiers also contain the names of the high value suspects which include Anthony Clarke the former chief executive of the Carroll Global Corporation Group industrial empire who is thought to be currently trading under a bewildering array of criminal front corporations including the Angel Capital Group the British Business Angels Association and the London Business Angels Association based in a small suite of offices at 100 Pall Mall London and at other premises in Marbella Spain and the tax havens of Nassau Bahamas Gibraltar.
In a stunning twist it also understood that the Carroll Foundation Trust interests are connected to Henry Ford the iconic founder of the Ford Motor Company of Detroit and Brentwood Essex. It is a well known fact that the Carroll Foundation's founder John E. Carroll was one of the major pioneer industrialists who created the huge development surrounding Ford's Dagenham plant Essex which became the firm's primary European center of automobile production for over fifty years.
International News Networks:
http://fbidetroit.blogspot.com/The sensational Carroll Foundation Trust billion dollars offshore tax evasion fraud... more
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A quick trip through mid-morning traffic in a Ford Focus Electric.
www.youtube.com/watch?v=mI1ornz9dyI
Burn Rubber, Not Gasoline!A quick trip through mid-morning traffic in a Ford Focus Electric.... more
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Well if Ford is looking into it, I’m sure the Chinese government can get the hours up to 100.
Hey! If you don’t want the job, don’t take it. You can always move to Wisconsin and teach.Well if Ford is looking into it, I’m sure the Chinese government can get the... more
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Recently Complete Information Updates A resident of a Locust Street halfway house was on the lam for nearly three hours Tuesday afternoon after escaping from the police officers who had taken him to the hospital after arresting him in a Simpson Lane parking lot.Recently Complete Information Updates A resident of a Locust Street halfway house was... more
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kamoo
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2 years ago
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Detroit Auto Show 2011: Family Cars In recent years, Chrysler has been a virtual no-show at the auto shows.Global sales and marketing chief Jim Farley said that Ford for now is maintaining its annual sales forecast of between 12.5 million and 13.5 million, up from 11.5 million in 2010.Detroit Auto Show 2011: Family Cars In recent years, Chrysler has been a virtual... more
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kamoo
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added this
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2 years ago
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On Tuesday, Ford Motor Company reported a record breaking profit for the third quarter. Ford earned 1.7 billion dollars during the quarter, which was way up from a profit of $997 million a year ago during the same time period. Ford CEO Alan Mulally is being hailed as a miracle worker, and investors are giddy about the future of the company. So is all of this success by Ford translating into good jobs for American workers? No. As described in a recent article on MSNBC, Mulally has been "revamping Ford’s U.S. and global manufacturing operation to be cheaper, more efficient and more flexible". In other words, Mulally has been getting rid of American workers in droves. Since Mulally took over as CEO, Ford has slashed its North American work force by nearly half. Ford has shut down or plans to shut down a dozen U.S. manufacturing facilities. Today, only about 40 percent of Ford's 178,000 workers are employed in North America, and a lot of those jobs are in Canada and Mexico. In fact, the number of Ford cars produced in Mexico continues to grow rapidly. The truth is that this is yet another example that proves that what is good for Wall Street is not necessarily good for average American workers.On Tuesday, Ford Motor Company reported a record breaking profit for the third... more
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Ford teaming up with Microsoft to improve electric car’s prospects
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Ford was the only domestic car manufacture that did not pony up to the Federal government, hat in hand, for a bailout for the cash for clunkers.Ford was the only domestic car manufacture that did not pony up to the Federal... more
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DETROIT — The Ford Motor Company reported a first-quarter net loss on Friday of $1.4 billion, or 60 cents a share, compared with net income of $70 million, or 3 cents a share, in the first quarter of 2008.
But results beat expectations.
The loss was $1.8 billion, or 75 cents a share from continuing operations and excluding one-time items. On that basis, analysts on average expected a loss of $1.23 a share on that basis, according to Reuters Estimates.
First-quarter sales were $24.8 billion, down from $39.2 billion as Ford reduced production.
“Our results in the first quarter reflected the extremely difficult business environment and weak demand for autos around the world,” the chief executive, Alan Mulally, said.
While General Motors and Chrysler march toward possible bankruptcy, Ford has managed to separate itself from their plight by forgoing federal aid and maintaining investments in developing new products. Even though it lost a record $14.6 billion in 2008, Ford has much more liquidity than its domestic rivals.
Ford has enough cash on hand to last through at least 2010, Patrick Archambault, an analyst with Goldman Sachs, said this week. Mr. Archambault upgraded his rating on Ford stock to “buy,” helping shares of the company to their highest level in six months. Ford shares have more than doubled since February.DETROIT — The Ford Motor Company reported a first-quarter net loss on Friday of... more
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DETROIT — Chrysler LLC received its $4 billion low-interest federal loan Friday, helping the auto maker continue funding its operations.
“This initial loan will allow the company to continue an orderly restructuring, while pursuing our vision to build the fuel-efficient, high-quality cars and trucks people want to buy,” said Chairman and Chief Executive Robert Nardelli in a statement.
Undisclosed issues in Chrysler’s application process slowed the payout, which was slated to be made by the end of December. General Motors Corp. received a loan payment of $4 billion on Wednesday and is scheduled to receive more money during the next two months.
Chrysler has been hurt more than GM and Ford Motor Co. by the U.S. recession because it relies on North America for about 90% of its sales. Tight credit and a weak economy are keeping consumers away from showrooms.
Chrysler’s majority owner, Cerberus Capital Management LP, is interested in finding a partner for Chrysler.DETROIT — Chrysler LLC received its $4 billion low-interest federal loan Friday,... more
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DEARBORN, Michigan: With U.S. vehicle sales down nearly 13 percent this year, most car companies have been cutting production rather than increasing it.
But with 1,200 hourly workers cheering them on, top executives of the Ford Motor Company said Thursday at the ceremonial introduction of a new version of Ford's most important product, the F-150 pickup, that they would call back 1,000 laid-off workers to help build more trucks.
"You're going to pull us out of this by building the best truck that's ever been built," William Clay Ford Jr., Ford's executive chairman, said to the crowd at the River Rouge assembly complex.
While its Detroit rivals General Motors and Chrysler wrestle over terms of a possible merger and seek help from Washington to survive the steepest downturn in the industry in decades, Ford says it can survive, and thrive, on its own.DEARBORN, Michigan: With U.S. vehicle sales down nearly 13 percent this year, most car... more
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Ford Motor Company has built the ultimate aviation-based automobile especially for EAA AirVenture Oshkosh 2008 - the Mustang AV8R - and one lucky bidder at the annual Gathering of Eagles fund-raiser will get to drive it home. With the support of Ford Racing, Ford designed and engineered this "one-off" design to commemorate AirVenture 2008. In fact, its name was derived from the event itself AirVenture 2008.
The very special machine has never been seen before …until now.Ford Motor Company has built the ultimate aviation-based automobile especially for EAA... more
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The Ford Motor Company, which devoted itself for nearly 20 years to putting millions of Americans into big pickup trucks and sport-utility vehicles, is about to drastically alter its focus to building more small cars.
The struggling automaker, reacting to what it sees as a rapid and permanent shift in consumer tastes brought on by high gas prices, plans to unveil its new direction on Thursday, when it will report quarterly earnings.
Among the changes, Ford is expected to announce that it will convert three of its North American assembly plants from trucks to cars, according to people familiar with the plans.
And as part of the huge bet it is placing on the future direction of the troubled American auto industry, Ford will realign factories to manufacture more fuel-efficient engines and produce six of its next European car models for the United States market.
The company will also end speculation about its Mercury division by making the brand an integral part of its new small-car strategy, according to these people, who spoke on the condition that they not be quoted by name because of the timing of the official announcement on Thursday.
The Ford Motor Company, which devoted itself for nearly 20 years to putting millions... more
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The Ford Motor Company said on Tuesday that its sales fell 28 percent in June, the worst month yet in a miserable year for the automobile industry.
Through the first half of 2008, Ford’s sales were off 14 percent.
Sales of pickup and sport utility vehicles, have been hit particularly hard as consumers seek out more fuel-efficient alternatives. Ford said light truck sales were down 36 percent in June and 18 percent so far this year.
“Consumer fundamentals and consumer confidence deteriorated as the first half unfolded,” James D. Farley, Ford’s marketing chief, said in a statement. “The economy enters the second half of the year with a notable absence of momentum and a high degree of uncertainty.”
Shares of Ford were down more than 7 percent in trading. General Motors shares were off nearly 6 percent. G.M. and the other automakers are scheduled to report their June sales Tuesday afternoon.
Record-high gasoline prices, a housing slump and weak consumer confidence have led to a dramatic decline in sales of many vehicles, particularly the largest and most profitable ones for domestic automakers. The Ford F-series pickup truck, which has been the best-selling vehicle in the United States for 26 years, was outsold by four fuel-efficient Japanese sedans in May.
Ford recently said it would delay introducing its new F-150 pickup by two months so that dealers could have more time to sell off the current version first.
The automakers increased discounts on many slower-selling models last month in the hopes of closing out the second quarter with some momentum. General Motors offered six-year, no-interest loans during the final week of June on most trucks and some cars, and some automakers have been discounting large sport utility vehicle prices by more than $9,000.
Pickups and S.U.V.’s were discounted more than 13 percent on average in June, according to Edmunds.com. Yet dealers say the deals have not done as much to draw in customers as huge sales did several years ago.
“Compared to a year ago, we’re off 65 to 70 percent,” said Preston Mays, sales manager for Superior Chevrolet in Decatur, Ga. Mr. Mays said no-interest loans have become less effective than cash rebates because so many shoppers owe more on their current vehicle than it is worth, and the sour economy means they need a discount more than free financing.
“People need these prices to go down,” he said. “They’re trying to put gas in the vehicle and feed their families.”
Most dealers say the slowdown has made their jobs considerably more challenging but that they already are starting to see a few more customers as gas prices have appeared somewhat more stable at around $4 a gallon.
“June actually picked up a little bit for us,” said Jerrel Richards, sales manager at Lone Star Ford in Houston. “It’s not as bad as people think. We’re still surviving. We’re still selling trucks. We’re still turning a profit.”
The three Detroit automakers have each said recently that they would significantly cut production of trucks and build more passenger cars in response to the shift in consumers’ preferences. Chrysler on Monday announced plans to close a minivan plant near St. Louis and cut a one of two shifts at an adjacent pickup plant.
G.M. is temporarily halting the assembly lines at seven truck factories in North America before closing four plants permanently within the next three years. Ford says it will build
The Ford Motor Company said on Tuesday that its sales fell 28 percent in June, the... more
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