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September 9, 1986 | Associated Press
Former President Gerald R. Ford can't seem to shake his reputation for clumsiness. He was in the Detroit suburbs Monday to speak at a GOP fund-raiser. When he finished taking questions from reporters, Ford smiled and backed into a low-hanging chandelier. He wasn't hurt, but the incident added to a list of minor accidents ranging from getting knocked over by a chair lift while skiing and hitting a spectator with a golf drive to stumbling on an airplane ramp.
May 24, 2008 | From Times Wire Services
Billionaire investor Kirk Kerkorian added $100 million to his line of credit to finance his bid to boost his stake in Ford Motor Co., according to a government filing. Kerkorian's Tracinda Corp. said it might borrow as much as $600 million from Bank of America Corp., up from a potential loan of $500 million. Kerkorian has offered $8.50 a share for as many as 20 million shares of Ford's common stock, a cash offer worth as much as $170 million. If he succeeds, his stake in the automaker would rise to 5.5% from 4.7%.
January 23, 2008 | From Times Wire Services
Ford Motor Co. has sufficient liquidity to weather an economic downturn, even if the economy worsens, Chief Executive Alan Mulally said. Mulally said Dearborn, Mich.-based Ford initially believed it would need $17 billion for restructuring and to cover losses, but it raised $23 billion, giving it a cushion. Mulally said he didn't know whether he had enough time to fix Ford, though he was confident in its restructuring plan that called for a return to profitability in 2009. The CEO's comments came two days before the automaker expects to announce the details of another round of buyout and early-retirement packages for hourly workers when it reports its 2007 earnings and future projections Thursday.
October 19, 2008 | From Times Wire Services
Ford Motor Co. will roll out a feature on many 2010 models that can limit teen drivers to 80 mph, using a computer chip in the key. Parents also have the option of programming the teen's key to limit the audio system's volume and to sound continuous alerts if the driver doesn't wear a seat belt. The feature, called "MyKey," will be standard on some Ford models when the 2010 cars and trucks come out late next summer. The feature will spread to the entire Ford, Lincoln and Mercury lineup as models are updated, spokesman Wes Sherwood said.
April 13, 2008 | From Times Wire Services
For most drivers there's a lingering doubt when changing lanes on the freeway: Did I miss a car in the blind spot? Starting early next year, Ford Motor Co. will try to eliminate that doubt. It will begin installing side-view mirrors on its vehicles that show the blind spots in the outside upper corners. The Dearborn, Mich.-based automaker said it knew of no other automaker offering the feature. Ford says it will put the mirrors on a few Ford, Lincoln and Mercury models to start, eventually making them standard across most of its lineup.
December 17, 1985
The auto maker reported that it now owns 81% of First National Financial Corp.'s stock, which it acquired for $32 a share from National Intergroup. The purchase follows approval from the Federal Home Loan Bank Board. The public shareholders--those owning the remaining 19% of the San Francisco-based financial institution--will now receive $32 for each of their shares, Ford said. The $493-million deal was first announced in August.
January 24, 2008 | From Times Wire Services
Ford Motor Co. is expected to offer a new round of buyouts to all of its 54,000 hourly workers in the U.S., a move that could trim thousands of jobs and pave the way for lower-wage replacements. Under the Dearborn, Mich.-based company's new contract with the United Auto Workers, which was reached in November, the company can replace employees taking the buyouts with workers who would be paid $14.20 an hour, or about half the wage of a current worker. Under the contract, as much as 20% of Ford's U.S. hourly workforce could be paid the lower wages.
October 29, 2008 | Times Wire Reports
Billionaire Kirk Kerkorian sold 26.4 million more Ford Motor Co. shares as he unwinds a $995-million investment in the second-largest U.S. automaker to focus on gambling, hotels and energy. Kerkorian, 91, reduced his holdings to 107.1 million shares, or 4.89%, his Tracinda Corp. said in a regulatory filing. The sales occurred Oct. 21 through Monday at an average of $2.01 a share, Tracinda said. The investor last week reversed course on Ford less than six months after expressing confidence in Chief Executive Alan Mulally's turnaround efforts.
August 19, 1990
Two items in your July 25 "Briefly" column really stood out: (1) Domestic car and truck sales off, with Ford dropping 18.8%, the most of all; and (2) Ford Motor Co. said the average price of one of its 1991 cars will be $528, or 3.2% higher, and the average light truck price will increase by 3.6%. How they figure that raising prices will increase sales is mystifying. I can only assume that they use the same convoluted logic that the state Lottery used when deciding that decreasing the odds of winning by adding more numbers would increase revenue.
April 2, 2009 | David Ng
Does fighting the crowds at the Hollywood Bowl give you the summer blues? The Ford Amphitheatre, located just up the street, has long served as the Bowl's funkier younger sibling, offering an eclectic cultural menu in a more intimate setting (1,241 seats versus the Bowl's approximately 18,000). This summer, the Ford's lineup is typically diverse and unpredictable, featuring appearances by Eden Espinosa ("Wicked"), Korean pop star Shin Hae Chul, Helios Dance Theater and Oscar-winning composer Stephen Schwartz.
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