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AUTOS
January 15, 2013 | By David Undercoffler
DETROIT -- With GM trucks making their debut at the Detroit Auto Show, and Ram's 1500 winning North American Truck of the Year, how does Ford stay in the spotlight? By renting out the home of the Detroit Red Wings and lowering an F-150 Concept from the ceiling while sparks fly and men pretend to work on faux steel girders. Show stolen. PHOTOS: Ford Atlas concept truck Though the next F-150 is a year or two away, the Ford Atlas Concept truck is a strong indication of what to expect.
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BUSINESS
September 30, 1987 | JAMES RISEN, Times Staff Writer
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.
BUSINESS
November 6, 1987 | TOM FURLONG, Times Staff Writer
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.
BUSINESS
November 30, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
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.
BUSINESS
August 24, 2006 | From Times Wire Services
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.
BUSINESS
July 20, 1990 | From Staff and Wire Reports
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.
BUSINESS
May 14, 1999 | DONALD W. NAUSS, TIMES STAFF WRITER
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.
BUSINESS
July 27, 2001 | TERRIL YUE JONES, TIMES STAFF WRITER
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.
AUTOS
March 7, 2013 | By Ronald D. White
Ford Motor Co. has announced a recall of some 230,000 older minivans in the U.S. and other countries to fix a corrosion problem that could prevent the fold-down third-row seats from locking in place. The automaker says the recall in the U.S. includes 196,500 Ford Freestar and Mercury Monterey minivans from model years 2004 through 2007. The U.S. recall only involves minivans that were sold and registered in the 20 so-called salt-belt states and the District of Columbia, where salt is regularly applied to roads during the colder months to impede icing.
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