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BUSINESS
March 30, 2012 | By Jerry Hirsch
Ford Motor Co. has made what it pays its top executives about as transparent as any company in America. While many public companies hide their executive compensation data in the fine print of regulatory filings, Ford simply put out a news release that outlined what the bosses were making in fairly simple terms. It also filed the information with the Securities and Exchange Commission. CEO Alan Mulally, the former Boeing executive credited with helping Ford avoid the bankruptcy reorganizations and federal bailouts that sustained General Motors and Chrysler during the recession, earned $29.5 million in total compensation last year.
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BUSINESS
February 9, 2012 | By Jerry Hirsch
Ford Motor Co. announced on Thursday a series of senior management changes but gave no hint to who might succeed Alan Mulally as the automaker's next chief executive. Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, group vice president, Global Product Development, have elected to retire effective April 1. Each has served the automaker for more than 30 years and at times have been mentioned as possible successors to Mulally. Booth, 63, will be succeeded by Bob Shanks, who is currently vice president and controller. Kuzak, 60, will be succeeded by Raj Nair, who is currently vice president of engineering, global product development.
BUSINESS
January 27, 2012 | By Jerry Hirsch
This post has been corrected. See the note at the bottom for details. Ford Motor Co. reported a giant annual profit, but much of the gain came from a special tax allowance, and the company said its operating earnings were hurt by losses in Europe and Asia and rising commodity prices. The automaker reported an annual operating profit of $8.8 billion, almost 6% above the prior year.  Full-year net income reached $20.2 billion, a gain of more than 200%. That included a special one-time, non-cash accounting change from the reversal of Ford's deferred tax assets.
BUSINESS
January 27, 2012 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co., with a more than 200% increase in net income for 2011, reported its strongest year in a decade as American automakers continue to recover from the tailspin of 2008 and 2009. Only last week, General Motors Co. reported that its global sales for last year led the industry again, after the automaker had fallen out of first place during the recession. Both GM and Chrysler Group also are expected to report profitable 2011 financial results in the coming weeks. Domestic manufacturers are in the middle of a slow but solid recovery, said Peter Nesvold, a Jefferies & Co. analyst.
BUSINESS
December 6, 2011 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co. has reinstated its quarterly dividend after cutting the payment more than five years ago as it prepared to navigate a turbulent economy. Ford will pay 5 cents a share to holders of Class B and common stock as of Jan. 31, 2012. The payment will be made March 1. "We have made tremendous progress in reducing debt and generating consistent positive earnings and cash flow," said Executive Chairman Bill Ford. "The board believes it is important to share the benefits of our improved financial performance with our shareholders.
BUSINESS
November 25, 2011 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co. has the bestselling vehicle in America — the F-series truck. But Ford's new lineup of passenger cars and a small crossover are what Mark Fields, Ford's president of the Americas, keeps talking about. Ford unveiled a new generation Ford Escape at the Los Angeles Auto Show this week, transforming a vehicle with a traditional sport utility body into a softer crossover. Fields talked about the new vehicle and the auto industry at the show, which runs through Sunday. Why is the Escape important to Ford?
BUSINESS
November 16, 2011 | By Jerry Hirsch
Ford Motor Co. plans to introduce a new-generation Fusion sedan in January at the North American International Auto Show in Detroit. The Fusion has become a key part of Ford's strategy to move away from being a truck- and SUV-oriented manufacturer by offering a competitive range of passenger cars, Mark Fields, Ford's president of the Americas, told The Times at the Los Angeles Auto Show. FULL COVERAGE: L.A. Auto Show “This caps off the whole redefinition of our lineup,” Fields said.
BUSINESS
November 16, 2011 | By Jerry Hirsch, Staff Writer
The Ford Escape - an aging vehicle that looks pretty much like the model that first debuted in 2000 - has quietly become one of the biggest success stories at Ford Motor Co. The automaker has sold more than 200,000 of the small sport-utility this year, making it the 5th best selling vehicle in America and the top SUV. Of all Ford models, only its F-series pickup truck does better. Decent interior room and cargo space make the Escape a good mommy car. But its masculine rectangular SUV design also makes the vehicle popular among male buyers.
BUSINESS
November 16, 2011 | By Jerry Hirsch, Los Angeles Times
The Ford Escape, an aging vehicle that looks much like the model that first debuted in 2000, has quietly become one of the biggest success stories at Ford Motor Co. The automaker has sold more than 200,000 of the small sport utility vehicles this year, making it the fifth-best-selling vehicle in America and the top SUV. Decent interior room and cargo space make it popular among soccer moms, while its masculine rectangular SUV design has attracted male...
BUSINESS
October 27, 2011 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co. posted a big third-quarter profit, but it was slightly less than in the same period a year earlier as losses in Europe and Asia dragged earnings down. Ford said it had net income of $1.6 billion, about 2% less than in the same period a year earlier. Ford's profit amounted to 41 cents a share, down from 43 cents in the year-earlier period. The company was profitable in North America and South America but lost money in other regions of the world. Earnings also fell because of how the automaker accounts for hedging against rising commodity prices.
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