May 12, 2006 |
Ford Motor Co. is studying the role a plug-in hybrid might have in its future, Chief Executive Bill Ford Jr. said. The idea of a plug-in hybrid, which would add rechargeable batteries to a gasoline-electric hybrid system and enable the vehicle to run solely on electric power for extended periods, is promoted by environmentalists but has not been embraced by automakers. Previously, only Toyota Motor Corp.
December 23, 2005 |
Ford Motor Co. employees represented by the United Auto Workers narrowly ratified a healthcare agreement that diverts pay raises to help cut company spending on medical coverage by an estimated $850 million a year. The vote was 51% in favor, the Detroit-based union said. Ford and UAW officials reached the agreement Dec. 9. Active workers will divert 99 cents an hour in future wage increases to a healthcare fund, and retirees will pay as much as $752 a year per family for medical coverage.
November 23, 2005 |
Ford Motor Co. Chairman and Chief Executive William Clay Ford Jr. urged Congress on Tuesday to offer a package of tax incentives to make the country less dependent on foreign oil and to drive innovation in the struggling domestic auto industry. Ford, during a speech in Washington, urged Congress to "dramatically increase" tax credits for research and development of alternative vehicles and consider tax incentives to help American manufacturers modernize their factories.
November 2, 2005 |
Led by double-digit declines at General Motors Corp. and Ford Motor Co., U.S. auto sales fell sharply in October, hurt by soaring gasoline prices, hurricanes and end-of-summer discount programs. GM, the world's biggest automaker, reported a 25.6% drop compared with October 2004, according to figures released Tuesday. Sales at Ford fell 26.1%, while DaimlerChrysler had a slight decline. Honda Motor Co. and Toyota Motor Corp. posted small gains. Overall, sales in the U.S.
September 30, 2005 |
Ford Motor Co. said Thursday that it would cut its suppliers by about half and award key parts makers larger, long-term contracts in a move to reduce costs globally and stem losses in North America. Ford -- which buys about $90 billion of parts, goods and services a year worldwide -- already has chosen seven companies as initial suppliers. They are Autoliv Inc. of Sweden, Delphi Corp., Johnson Controls Inc., Visteon Corp. and Lear Corp. of the United States, Canada's Magna International Inc.
May 13, 2005 |
Ford Motor Co. Chairman and Chief Executive William Clay Ford Jr. said Thursday that he would forgo all compensation until the company's automotive business is sustaining profitability, a move that brought applause from shareholders but little reward on Wall Street.
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April 26, 2005 |
Former Ford Motor Co. Chairman Alex Trotman, 71, who spearheaded a $5-billion restructuring to restore the automaker to profitability in the 1990s, died Monday after a brief illness in Yorkshire, England, Ford said in a news release. The company said it did not know the cause of death. Trotman became chief executive in 1993, two years after Ford posted a then-record loss of $2.3 billion.
April 21, 2005 |
Ford Motor Co. said Wednesday that it earned $1.2 billion in the first quarter, sharply below last year's results but far ahead of money-losing rival General Motors Corp. Ford said it was cutting North American production and considering the sale of its Hertz Corp. car rental unit as it braces for a difficult year. Ford, the nation's second- biggest automaker, said earnings for the January-to-March period amounted to 60 cents a share, compared with $1.95 billion, or 94 cents, a year earlier.
January 10, 2005 |
Stung by environmental groups' complaints that they weren't living up to their promises, General Motors Corp. and Ford Motor Co. said Sunday that they would add a total of six gas-electric-powered hybrid cars and trucks to the market by 2008. Ford made the biggest commitment, promising to add four new models to the hybrid sport utility vehicle it began selling last year. GM said it would add a new type of hybrid system to two large SUVs, the Chevrolet Tahoe and the GMC Yukon, in late 2007.
July 8, 2004 |
Ford Motor Co. said it had recalled 170,500 vehicles in North America over a variety of defects that could lead to rattling seats, squeaky wheels and trouble starting engines. The recall affects 145,500 F-Series Super Duty pickup trucks, Excursion sport utility vehicles, Crown Victoria police vehicles and Lincoln Town Cars. The 2003 model-year pickup trucks and Excursion SUVs equipped with diesel engines have problems with battery connectors.