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.
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.
October 25, 1999 |
"History is more or less bunk," said Henry Ford. "The only history that is worth a tinker's dam is the history we make today." There's no small measure of irony in the fact that Ford, who had little regard for the judgments of history, completely altered society, lifestyles, commerce and history itself by creating the Model T and selling it to the masses. When Ford introduced the Model T in 1908 he said, "I will build a motor car for the great multitude." And he did.
March 26, 2013 |
Experian Automotive on Tuesday announced that Ford Motor Co. took the top spot in customer loyalty during the fourth quarter of 2012 for the first time since the same period a year earlier. During the fourth quarter, Experian Automotive said, 47.9% of the customers who owned a Ford vehicle returned to buy another Ford or Lincoln vehicle. General Motors had the second-highest customer loyalty ranking at 47.7%, followed by Toyota Motor Corporation at 46.9%. “Customer loyalty will always be a very important barometer of automotive sales success,” said Jeffrey Anderson, director of consulting and analytics for Experian Automotive.
March 15, 2013 |
Ford Motor Co. paid Chief Executive Alan Mulally $21 million last year, down from $29.5 million in the previous year because the company didn't meet all of its financial goals. Most companies don't like to talk about what they pay their top executives, but Ford annually issues a news release detailing the compensation of its management team. Mulally earned $2 million in salary and an additional $4 million in a cash bonus in 2012. His total compensation includes the grant date value of long-term stock options and other performance-based equity awards.