April 24, 2012 |
Fitch Ratings likes what it currently sees in Ford Motor Co., upgrading the automaker's credit rating Tuesday to investment grade from its long-held junk status. Determining the Dearborn, Mich., giant to now have “sufficient financial flexibility,” the ratings agency boosted Ford's rating to BBB-minus from BB-plus. Fitch said it “believes that the work that has been accomplished has put the company in a solid position to withstand the significant cyclical and secular pressures faced by the global auto industry.” Ford, now the second-largest automaker in the U.S., maneuvered itself out of a near-collapse in 2006.
April 2, 2010 |
Two federal agencies, working with California, have taken the biggest step in the nation's history to reduce the United States' global warming footprint. On Thursday, the Environmental Protection Agency and the National Highway Traffic Safety Administration announced specific rules that require automakers to build cars, SUVs and minivans that will average 35.5 mpg by 2016 and cut their greenhouse gas emissions by 30%, thereby saving an estimated 1.8 billion barrels of oil. It's been a long haul.
October 24, 2013 |
Ford Motor Co. posted strong third-quarter earnings, helped by growing sales and improvements in Europe and South America, troubled regions for the auto industry in recent years. Ford said Thursday that it earned $1.3 billion, down 22% from $1.6 billion in the same period a year ago. However, the latest results include special charges of $498 million, including $250 million to cover the restructuring of its European operations, where Ford is closing factories and laying off workers.
June 8, 1991 |
The North Atlantic Treaty Organization, showing a new-found confidence, affirmed Friday that it will continue to play the leading role in the defense of the West. In the aftermath of the Cold War and the changing political face of Europe, NATO has been casting about for a new role amid uncertainties about its future among some of its 16 member nations.
December 3, 1989
Among all the astonishing sights in this astonishing year, this was perhaps the most extraordinary: There in Rome on Friday was Mikhail S. Gorbachev, Lenin's heir, reverential but smiling, stepping forward to take the hand of John Paul II, Peter's successor, while a red-dressed Raisa and beaming princes of the church looked on.
July 25, 2012 |
Although Ford Motor Co. continues to make large profits in America, its second-quarter earnings fell by more than half because of losses in Europe and other regions of the world. Ford earnings slipped 57% to just over $1 billion in the second quarter, compared with the same period a year earlier. Earnings per share dropped to 26 cents from 59 cents a year ago. Revenue also declined, falling 6% to $33.3 billion. However the automaker continues to post strong results in the U.S. and North America.
November 7, 1991 |
Anxious to redefine the most successful alliance in European history, the United States and its 15 NATO allies will confer here today on rewriting the bible of the military partnership that defeated the Soviet Union without firing a shot. The mood among the victors after 40 years of Cold War confrontation is more pensive than exuberant as their two-day summit opens in a Roman suburb. The fruits of their historic victory have come to taste bittersweet.
October 30, 2003 |
The European Union's executive branch on Wednesday approved a far-reaching new policy that would fundamentally alter the way that tens of thousands of chemical compounds are regulated by government and tested by industry. If adopted by the European Parliament and the Council of Ministers, the REACH policy -- Registration, Evaluation and Authorization of Chemicals -- will be the world's most comprehensive regulation governing the use of chemicals.
May 4, 1997 |
In Madrid in July, NATO's 16 member states will formally issue invitations to Poland, the Czech Republic and Hungary to join the North Atlantic Treaty Organization. The accession of former Warsaw Pact countries to the U.S.-led Western alliance will mark a turning point in modern history.
January 29, 2013 |
Strong business in North America helped Ford Motor Co. post a big increase in fourth-quarter profit Tuesday, excluding a tax adjustment last year, but the automaker is still being hurt by Europe's economic malaise. The nation's second-largest automaker earned $1.6 billion in the latest quarter, up 55% from a year earlier. For the year, earnings slipped 5% to $5.7 billion. The results don't include the effect of 2011 changes in valuation allowance against deferred tax assets, which greatly increased net income last year.