May 10, 2002 |
An onslaught of new cars and trucks from Ford Motor Co. should keep the world's second-largest auto maker on schedule to return to profitability and regain market share lost in last year's stunning reversals, company executives told shareholders at Ford's annual meeting Thursday in Irvine. Chairman and Chief Executive William Clay Ford Jr. reiterated the company's earlier forecast by saying Ford Motor is on track to "break even or better" by year's end with a profitable second half.
November 23, 2005 |
Ford Motor Co. Chairman and Chief Executive William Clay Ford Jr. urged Congress on Tuesday to offer a package of tax incentives to make the country less dependent on foreign oil and to drive innovation in the struggling domestic auto industry. Ford, during a speech in Washington, urged Congress to "dramatically increase" tax credits for research and development of alternative vehicles and consider tax incentives to help American manufacturers modernize their factories.
September 30, 1987 |
The last Ford to have run Ford Motor Co. is now dead. Today, the world's second-largest auto company, once passed down the generations like a Ford family heirloom, is in the hands of a cadre of professional managers with no familial or historical ties to the legendary Henry Ford I. Ford Chairman Donald E. Petersen, 60, who succeeded Philip Caldwell as chairman in 1985, is widely hailed as the architect of Ford Motor's recovery in the mid-1980s and is firmly in control.
November 6, 1987 |
Another bidder has entered serious negotiations to acquire Financial Corp. of America, a spokesman for the Federal Home Loan Bank Board said Thursday. The new entry thus becomes a rival to the current leading contender, First Nationwide Bank in San Francisco, a subsidiary of Ford Motor Co. First Nationwide officials have publicly confirmed their interest in buying Irvine-based FCA, whose operating subsidiary is American Savings & Loan, the nation's biggest S&L.
November 30, 1990 |
The Defense Logistics Agency said Ford Motor Co. has failed to supply necessary information about an overfunded pension fund at the car maker's former aerospace division in Newport Beach. When New York-based Loral Corp. acquired Ford Aerospace earlier this year, Loral allowed Ford Motor to keep about $100 million of surplus funds in Ford Aerospace's employee pension program.
November 16, 2012 |
Ford Motor Co. has a funny way of making a point. On their way from Detroit to Los Angeles for the 2012 L.A. Auto Show, Ford officials stuffed the company's new 1.0-liter engine into a carry-on and popped it into a TSA security-screening bin. “The engine block is small enough to fit in your luggage, or about the length of the iPad,” company spokeswoman Debra Hotaling said. Check out the picture above. The engine fits in the plastic bin that you drop your shoes and wallet into.
August 24, 2006 |
Shares of Ford Motor Co. surged 4.6% on Wednesday after a news report that Chief Executive William Clay Ford Jr. had approached Carlos Ghosn, CEO of Nissan and Renault, about forming a global alliance. The report in the Wall Street Journal cited "a person wellpositioned to know." It was part of a commentary in the paper's opinion section by Paul Ingrassia, vice president for news strategy of Journal publisher Dow Jones & Co., and Joseph B. White, the paper's Detroit bureau chief.
July 20, 1990 |
Ford Motor Co. said Thursday that it has received three offers for its Ford Aerospace Corp. defense subsidiary, including one from Hughes Aircraft Co. in El Segundo. Ford spokesman Tom Rhoades in Dearborn, Mich., declined to disclose the bid prices, but sources have estimated the going price may be about $600 million. The company said it expects to select the final bidder by next week. Rhoades said one of the three bids was a joint offer from Hughes Aircraft Co. in El Segundo and Alcatel Co.
May 14, 1999 |
Presiding over the Ford Motor Co. annual meeting for the first time, Chairman William Clay Ford Jr. on Thursday outlined a vision of creating the leading automotive consumer concern, one that is both highly profitable as well as socially and environmentally responsible. The shareholders gathering, held at the refurbished Detroit Opera House, was tinged with historical significance.