March 31, 2012 |
Ford Motor Co. has made what it pays its top executives about as transparent as any company in America. While many public companies hide their executive compensation data in the fine print of regulatory filings, Ford simply put out a news release that outlined what the bosses were making in fairly simple terms. It also filed the information with the Securities and Exchange Commission. Chief Executive Alan Mulally, the former Boeing executive credited with helping Ford avoid the bankruptcy reorganizations and federal bailouts that sustained General Motors and Chrysler during the recession, earned $29.5 million in total compensation last year.
March 30, 2012 |
Ford Motor Co. has made what it pays its top executives about as transparent as any company in America. While many public companies hide their executive compensation data in the fine print of regulatory filings, Ford simply put out a news release that outlined what the bosses were making in fairly simple terms. It also filed the information with the Securities and Exchange Commission. CEO Alan Mulally, the former Boeing executive credited with helping Ford avoid the bankruptcy reorganizations and federal bailouts that sustained General Motors and Chrysler during the recession, earned $29.5 million in total compensation last year.
February 10, 2012 |
Ford Motor Co. announced a series of senior management changes but gave no hint to who might succeed Alan Mulally as the automaker's next chief executive. Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, group vice president of global product development, have elected to retire effective April 1. Each has served the automaker for more than 30 years and at times has been mentioned as a possible successor to Mulally. Booth, 63, will be succeeded by Bob Shanks, who is currently vice president and controller, it was announced Thursday.
January 27, 2012 |
Ford Motor Co., with a more than 200% increase in net income for 2011, reported its strongest year in a decade as American automakers continue to recover from the tailspin of 2008 and 2009. Only last week, General Motors Co. reported that its global sales for last year led the industry again, after the automaker had fallen out of first place during the recession. Both GM and Chrysler Group also are expected to report profitable 2011 financial results in the coming weeks. Domestic manufacturers are in the middle of a slow but solid recovery, said Peter Nesvold, a Jefferies & Co. analyst.
October 27, 2011 |
Ford Motor Co. posted a big third-quarter profit, but it was slightly less than in the same period a year earlier as losses in Europe and Asia dragged earnings down. Ford said it had net income of $1.6 billion, about 2% less than in the same period a year earlier. Ford's profit amounted to 41 cents a share, down from 43 cents in the year-earlier period. The company was profitable in North America and South America but lost money in other regions of the world. Earnings also fell because of how the automaker accounts for hedging against rising commodity prices.
March 9, 2011 |
Ford Motor Co. earned the most money in more than a decade last year, and that has triggered a big payday for the automaker's top executives. Ford Chief Executive Alan Mulally received stock worth $56.5 million before taxes, the company said in Securities and Exchange Commission filings Monday. The dollar figure is based on the closing price of Ford's shares March 3, a company spokesman said. Executive Chairman Bill Ford Jr. was awarded stock worth $42.4 million. Mulally, a former Boeing Co. senior executive, is credited with turning Ford around and keeping it solvent when General Motors Co. and Chrysler Group both filed for bankruptcy and survived only because of massive government bailouts.
October 27, 2010 |
Ford Motor Co., demonstrating the growing strength of the U.S. auto industry, earned $1.7 billion in the third quarter, a 69% jump over the same period last year and surpassing a record set in 1997. Analysts said Ford's financial health was further evidence that the industry's restructuring during the recession was paying off even though auto sales remain near historically low levels. The nation's other major automakers, General Motors Co. and Chrysler Group, are expected to report improving finances next month.
May 29, 2010 |
Ford Motor Co. Chief Executive Alan Mulally said the automaker is reviewing its nameplates but declined to confirm reports this week that he plans to kill the Mercury brand. "We have shared in the past that we continue to look at our portfolio of brands and specific nameplates themselves, but we have nothing new to add to that," Mulally said Friday in a meeting with industry analysts. Earlier in the meeting he talked about the automaker's "laser-like focus on the Ford" division, with no mention of Mercury.
January 29, 2010 |
Ford Motor Co. posted a profit of $2.7 billion for 2009, a dramatic turnaround for the company, which weathered one of the worst years in the history of the automotive industry in comparatively good health. Separately, Ford confirmed it had stopped making a limited-production commercial van in China because the vehicle contained gas pedals that were similar in design to the component involved in Toyota Motor Corp.'s massive recall. Under some conditions, the pedal can cause unintended acceleration in a vehicle, according to Toyota.