November 16, 2011 |
The Ford Escape, an aging vehicle that looks much like the model that first debuted in 2000, has quietly become one of the biggest success stories at Ford Motor Co. The automaker has sold more than 200,000 of the small sport utility vehicles this year, making it the fifth-best-selling vehicle in America and the top SUV. Decent interior room and cargo space make it popular among soccer moms, while its masculine rectangular SUV design has attracted male...
October 6, 2010 |
Ford Motor Co. is eliminating 175 Lincoln dealerships in major metropolitan areas in a move that it said would improve profitability for the remaining stores. Ford executives delivered the message Tuesday during a gathering of Lincoln dealers at its headquarters in Dearborn, Mich. There are 1,200 Lincoln dealerships nationwide. The nation's No. 2 automaker said the closures were part of an effort to revitalize the brand amid increased competition from foreign nameplates such as Daimler's Mercedes-Benz and Toyota Motor Corp.
January 29, 2010 |
Ford Motor Co. posted a profit of $2.7 billion for the year, a dramatic turnaround for the company, which weathered one of the worst years in the history of the automotive industry in comparatively good health. "While we still face significant business environment challenges ahead, 2009 was a pivotal year for Ford and the strongest proof yet" of the success of the company's effort to forge "a path toward profitable growth by working together as one team, leveraging our global scale," Alan Mulally, Ford's chief executive, said today.
December 3, 2008 |
Working for a buck a year would amount to a multimillion-dollar pay cut for the chief executives of General Motors Corp. and Ford Motor Co. GM's Rick Wagoner and Ford boss Alan Mulally both pledged Tuesday to work for $1 a year in salary if their companies got taxpayer help. That would mean substantially thinner pay envelopes for both executives. Wagoner's total compensation for 2007 was $15.7 million and Mulally's was almost $22.8 million, according to Equilar Inc.
January 19, 2007 |
Ford Motor Co., cutting jobs to stem losses, said Americas chief Mark Fields would no longer use a company plane to commute to Michigan from his home in Florida, two weeks after the carmaker defended the practice. Fields "doesn't want to distract the team" trying to revive North American auto operations, spokesman Tom Hoyt said. Fields got permission to use Dearborn, Mich.-based Ford's aircraft on a weekly basis when he took his post in October 2005.
October 11, 2005 |
Ford Motor Co. executives Phil Martens and Matt DeMars have informed company management that they plan to leave the automaker. Ford spokesman Oscar Suris confirmed that Ford had received correspondence from Martens, the company's vice president for product creation, and DeMars, vice president for vehicle operations, announcing their intentions to leave. Ford shares fell 30 cents, or 3.3%, to $8.93.