July 27, 2011 |
Ford Motor Co. and Chrysler Group made financial headway in a sluggish economy in the second quarter, increasing sales and slashing debt. Ford sales rose 13% to $35.5 billion, although profits fell 8% to $2.4 billion as the Dearborn, Mich., automaker spent more money on materials such as steel and on designing and building new vehicles. Sales jumped 30% for Chrysler but losses widened to $370 million as the automaker repaid U.S. and Canadian government loans taken out during the financial crisis.
CALIFORNIA | LOCAL
October 23, 2010 |
James F. Neal, a formidable lawyer who won noteworthy victories on both sides of the courtroom — as a prosecutor he sent Teamsters leader Jimmy Hoffa and top Watergate figures to prison, and as a defense attorney he saved film director John Landis and Ford Motor Co. from serious criminal charges — died Thursday at a Nashville hospital. He was 81. The cause was esophageal cancer, said his longtime law partner, Aubrey B. Harwell. Neal's reputation for tenacity and brilliance in the courtroom began with the 1964 prosecution of Hoffa, who had successfully fended off two dozen indictments until Neal, a stocky, cigar-chomping ex-Marine with a Tennessee drawl, was assigned to his case.
October 8, 2009 |
In the auto business, there are few challenges tougher than marketing a brand that has few new cars to promote. No matter how good the current product, consumers like to see the latest stuff. That's the conundrum at Ford Motor Co., which after a solid run of product launches now faces a roughly six-month gap without a significant new rollout. The last 12 months at the Blue Oval have been a salesman's dream, with introductions of the Taurus full-size sedan, the Transit Connect van, the Fusion and Mercury Milan mid-size sedans, the 2010 Mustang and the redesigned F-150 pickup.
June 24, 2009 |
From the moment restive medieval scribes began to jot their own thoughts and feelings into the spaces alongside the texts and chronicles they'd been assigned to copy, much that's most fascinating about Western history has seemed, at first, simply marginalia.
January 30, 2009 |
With vehicle sales and revenue crashing in all its markets worldwide, Ford Motor Co. on Thursday reported a worse-than-expected $5.9-billion loss for the fourth quarter but continued to insist that it could operate without help from Washington. In the face of what the automaker's chief executive, Alan Mulally, called "unprecedented challenges" that had "shaken the foundations of the industry," Ford lost $14.6 billion for all of 2008, its worst full-year results.
June 7, 2007 |
At Ford Motor Co., it might be time to dust off those old Quality is Job 1 commercials. Ford brands racked up four "best in show" awards in an influential vehicle quality survey released Wednesday. The Ford Mustang took top honors in the mid-size sports car category of J.D. Power & Associates' annual survey of new-vehicle quality. Ford's Lincoln MKZ was tops among entry-level premium cars and the Lincoln Mark LT finished first among large luxury SUVs.
September 16, 2006 |
Beset by falling sales and ballooning costs, Ford Motor Co. said Friday that it would accelerate its turnaround plan by speeding the tempo of cutbacks in its factory workforce and slashing an additional 10,000 jobs from its white-collar payroll.
August 26, 2006 |
Ford Motor Co. lost an influential voice in its boardroom Friday, but the prospect of further changes -- through the sale of Jaguar and other brands -- boosted its stock and sparked talk of impending upheaval at the ailing automaker. Robert E. Rubin, chairman of the executive committee at Citigroup Inc., resigned his Ford director's post after six years. In a letter to Chairman and Chief Executive William Clay Ford Jr.
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.
August 19, 2006 |
The Ford Motor Co., which was outsold last month for the first time by Toyota, announces it will slash fourth-quarter production by 286,000 vehicles, a 9% cut over 2005's output. The announcement raises expectations of even steeper cuts, including more factory closings and payroll trimming in management, plus substantially reduced sales revenue. Ford lost $1.3 billion during the first six months of 2006. "The short-term ramifications will be ugly," says one industry analyst.