January 29, 2011 |
Despite posting its best annual profit in more than 10 years, shares of Ford Motor Co. plunged 13% in trading after the company's fourth-quarter profit fell short of Wall Street's expectations. Still, the disappointing earnings don't mark the end of Ford's gains coming out of the recession, said Efraim Levy, an analyst with Standard & Poor's Equity Research. "Ford is going to do better this year because of rising U.S. and global demand," Levy said. But the automaker might be in for some rough spots in 2011.
March 30, 2012 |
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.
December 15, 2006 |
Ford Motor Co. announced a shake-up of its top management to help streamline vehicle development efforts and bring Chief Executive Alan Mulally closer to key operations. In his first major move since taking his position full time in October, Mulally created the post of global product development chief at the struggling No. 2 U.S. automaker and eliminated a layer of management outside North America. Derrick Kuzak will lead the new group, reporting to Mulally.
March 29, 2010 |
Ford Motor Co. agreed to sell its Volvo Cars unit to a Chinese automaker group Sunday, marking the most significant push by a car company in China to tap overseas markets. China's Zhejiang Geely Holding Group will pay the U.S. auto giant $1.8 billion for the Swedish car brand, which will give the company cachet in the domestic market and a foothold in Europe. China surpassed the United States last year as the top auto market, but its domestic car manufacturers faced an uphill battle acquiring brand awareness and technology overseas.
January 4, 2008 |
An Indian carmaker has moved to the forefront of negotiations to buy two of the world's most prestigious car brands from Ford Motor Co. On Thursday, Ford named Mumbai-based Tata Motors the preferred bidder for Jaguar and Land Rover. Tata beat out a rival Indian automaker and an American private equity firm, and sale talks are now expected to enter its final phase.
April 20, 2002 |
As part of its sweeping restructuring plan, Ford Motor Co. said Friday that the head of its luxury auto division was stepping down and that it would move the California-based Lincoln brand out of its Premier Automotive Group. Wolfgang Reitzle, a highflying auto executive recruited from BMW in 1999, is leaving to become chief executive of Linde, a German industrial firm. Reitzle will remain for an unspecified time as a consultant to Ford on product, design and marketing issues.