The U.S. credit downgrade and its impact on the Dow Jones and S&P 500 have scarred numerous major U.S. auto makers and dealers, reports Automotive News. As investors have dumped shares, an auto stock crash of significant proportions has occurred. General Motors, Ford Motor Co. and others have lost as much as 8.5 percent in Read on! →
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Ford Motor Co. and its suppliers have made a $220 million commitment to expand its Van Dyke Transmission plant in Sterling Heights, Mich. The expansion will add hybrid transmission production capability to support assembly of the Ford C-MAX Hybrid, C-MAX Energi plug-in hybrid, Fusion Hybrid, Fusion Energi plug-in hybrid, Lincoln MKZ Hybrid and more, reports Read on! →
It’s been a rough couple of weeks for the Ford Escape. Reports indicate that Ford Motor Co. is recalling an additional 11,500 new Ford Escape SUVs in North America. Last weekend, the automaker recalled 8,300 2013 Escapes due to carpet problems that can affect the application of the brake pedal. Now the Ford Escape recall Read on! →
Ford and Canadian Auto Workers have reached a tentative labor agreement that has saved jobs. Will the CAW achieve the same degree of success with General Motors and the Chrysler Group? Click if you missed PART 1 or PART 2 of this article. Canadian Auto Workers business shrinking rapidly in Ontario Since 2000, auto industry Read on! →
The automotive bailout may have prevented the “too big to fail” companies from imploding financially, but that doesn’t mean that their financials are on Easy Street. The Ford Motor Company did better than most automakers, but not without Executive Chairman Bill Ford imposing a five-year pay freeze upon himself beginning in 2005. The moratorium was Read on! →
In order to make weight in the Environmental Protection Agency’s CAFE standards race for fuel economy, automakers look to go with lighter, yet still durable materials. That’s why Ford Motor Co. is partnering with Dow Chemical Co.’s automotive division to develop cost-effective uses of carbon fiber in high-volume car and truck production, reports Reuters. Carbon Read on! →
Automakers know where their bread is buttered. That’s why Ford Motor Co. is making a move to close the distance on General Motors and Volkswagen AG by committing to build a new $760 million assembly plant in Hangzhou, China. China is the world’s largest automotive market. Ford expects to double production By building the Hangzhou Read on! →
Ford Motor Co. nearly collapsed when the bubble burst on the U.S. automotive industry, and the automaker carried the scar of a junk status credit rating to prove it. The Associated Press reports that Ford may have healed. Fitch Ratings agency lifted Ford’s junk status Tuesday, replacing it with a designation of investment grade. Ford’s Read on! →
The tentative labor agreement between Ford Motor Co. and Canadian Auto Workers labor union have staved off layoffs and plant closures for now. However, the province of Ontario continues to struggle. CLICK HERE if you missed the beginning of this article. Dark times for Canadian Auto Workers Negotiations between Canadian Auto Workers and Ford cover a Read on! →
With new models and a reputation on the upswing, Ford Motor Co. is running strong, reports Automotive News. On Friday, the company may reveal that 2010 was its most profitable year since 2000. It would be the second straight year under CEO Alan Mulally that Ford has announced a profit. Ford ‘money machine’ translates into Read on! →