March 25, 2013 |
The Indian unit of Ford Motor Co. has apologized for advertisements that were chastised as tasteless and demeaning, including one that depicted former Italian Prime Minister Silvio Berlusconi in a car with a trio of bound and gagged women in the trunk. The illustrated ad showed a smiling Berlusconi behind the wheel of a Ford Figo, a subcompact manufactured by Ford India Private Limited in Chennai, India. The ad featuring the Ford logo appeared over the weekend on the website Ads of the World without approval from the automaker.
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.
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.
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.