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.
June 12, 2012 |
The 50th anniversary of the Ford Mustang is still two years away, but Ford is starting to ramp up the marketing and promotion machine. Ford Motor Co. is saying now is the time to begin restoration projects of the classic pony car, and it wants enthusiasts to know that it has virtually every part -- door handles to entire bodies -- for sale. For example, the automaker put a replacement body for the 1965 Mustang convertible on sale for $15,000 earlier this spring. Ford said it “aggressively supports” restorations and that about 95% of all the parts needed to build a “new” 1964 to 1966 Mustang are available today.
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.
October 6, 1987 |
The will of Henry Ford II, who reportedly shredded personal papers to protect his privacy, doesn't include a single dollar sign indicating the size of his immense estate, it was reported today. Few specific details are included in the seven-page will filed Monday in a Palm Beach County probate court, according to the Palm Beach Post and the Detroit News.
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.
July 27, 2001 |
After months of bad news and billions of dollars spent on the Firestone tire crisis, Ford Motor Co. realigned the relationship of its two top executives Thursday to put more power in the hands of family scion William Clay Ford Jr. The move confirms longtime rumors of a management shift that would more deeply involve the 44-year-old chairman, a great-grandson of company founder Henry Ford, in corporate decisions that have been dominated by 53-year-old President and Chief Executive Jacques Nasser.
CALIFORNIA | LOCAL
May 16, 2012 |
Harold A. "Red" Poling, a former Ford Motor Co. chairman and chief executive officer who helped lead the automaker through two recessions, has died. He was 86. Poling died Saturday at his home in Pacific Grove, on the Monterey Peninsula, the Dearborn, Mich.-based company announced. The cause was not given. As chairman and chief executive from 1990 to 1994, Poling led the company through a deep recession, when Ford's sales in North America and Europe plunged and losses totaled $9.64 billion in 1991 and 1992.
January 10, 2005 |
Stung by environmental groups' complaints that they weren't living up to their promises, General Motors Corp. and Ford Motor Co. said Sunday that they would add a total of six gas-electric-powered hybrid cars and trucks to the market by 2008. Ford made the biggest commitment, promising to add four new models to the hybrid sport utility vehicle it began selling last year. GM said it would add a new type of hybrid system to two large SUVs, the Chevrolet Tahoe and the GMC Yukon, in late 2007.
July 11, 1990 |
Hughes Aircraft and Martin Marietta have submitted final bids for the Ford Aerospace subsidiary of Ford Motor Co., defense industry sources said Tuesday. The bid by Los Angeles-based Hughes Aircraft, a unit of General Motors, was submitted in conjunction with the French aerospace firm Alcatel, the sources said. Alcatel reportedly is seeking to acquire Ford's communications satellite business in Palo Alto and Hughes the remainder of the Newport Beach-based aerospace company.