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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Ford

Ford stories: 194 news summaries

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(Newser) - Stocks sunk swiftly at the open after disappointing sales reports from retailers. The Dow tumbled 160 points, while the Nasdaq and S&P fell 1.5% and 2.1% respectively. Retail sales were down a more-than-expected 0.4% in April, from a revised-downward 1.3% drop in March. RealtyTrac also... More »

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stock market • Dow Jones • foreclosure • Ford • Nasdaq • retail sales • S&P 500

MARKET Open

 Stocks Flat in Bull/Bear Standoff 


May 12, 09 8:49 AM CDT
(Newser) - Stocks ran in place this morning, as bulls and bears debated whether the market could keep the good times flowing. The Dow rose 20 points while the S&P and Nasdaq barely budged. Markets plunged yesterday as banks issued new stock offerings. Ford announced another such offer today, and saw... More »

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stock market • Dow Jones • Ford • Nasdaq • S&P 500

(Newser) - Eager to shore up its cash reserves, stave off bankruptcy, and further distance itself from its struggling rivals, Ford Motor Co. will offer 300 million shares in a public offering this week, the Wall Street Journal reports. Ford thinks the offering will raise investor confidence, bringing in buyers who’... More »

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stock market • Ford • auto industry • stock offering • Jay-ZTV

Q1 RESULTS

Ford Loses Just $1.4B,
Turns Down Treasury Money

Automaker burns through cash but remains healthier than rivals

Apr 24, 09 6:49 AM CDT
(Newser) - Ford announced today a loss of $1.4 billion for the first three months of 2009—its worst Q1 result in 17 years, but nevertheless one that beat expectations, Bloomberg reports. The automaker said it expected to break even or possibly turn a profit in 2011, and it would not... More »

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Ford • auto industry • quarterly reports • losses • first quarter earnings • automobile • Ford Motor Co.

OPINION

 Five '70s Cars That Plain Suck 


Apr 19, 09 1:06 PM CDT
(Newser) - The 1970s was "a decade of excess mediocrity in so many quarters it's hard to catalog it all," Tony Borroz writes in Wired. But you can start with the cars. Here follow five total flops.
  • Ford Mustang Cobra II: "An over-glorified Pinto" that made a
... More »

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Chrysler • Ford • AMC • Chevrolet • auto industry • Mercury • 1970s • cars

'Car Bubble' Blows Up on Automakers

Sales were artificially high in boom years; rebound unlikely

Apr 3, 09 10:01 AM CDT
(Newser) - The housing boom brought a car bubble along for the ride, and now that one has burst, so has the other, reports the Washington Post. Thousands of cars are sitting on lots and likely to stay there. “You had a huge number of cars being sold," says Steven... More »

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Chrysler • Toyota • General Motors • Ford • auto industry • auto sales • housing bubble

(Newser) - Automakers got hammered again last month, with Detroit’s Big Three all reporting big sales drops today. Ford’s light-vehicle numbers were down 41%, the AP reports; General Motors’ fell 44.7% and Chrysler’s 39.3%, the Wall Street Journal adds. Foreign manufacturers weren’t immune, either, with Toyota’... More »

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Chrysler • Toyota • General Motors • Ford • Volkswagen • Big Three • auto sales • US automakers

 Rival Bankruptcies 
 Spook Jealous Ford 

It's kinda jealous

Apr 1, 09 6:58 AM CDT
(Newser) - Ford Motor Co., the lone member of the “Big Three” not to accept government help, is suddenly looking across town with dread and a touch of jealousy, the Wall Street Journal reports. A bankruptcy at GM or Chrysler could wreak havoc on Ford’s supply chain, as shared... More »

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bankruptcy • Ford • Alan Mulally • auto industry • auto bailout • Ford Motor Co.

Ford to Make
Car Payments for Buyers Who Lose Jobs

Firm will cover up to $700/month for a year

Mar 31, 09 10:00 AM CDT
(Newser) - With auto sales battered by the recession and tight credit, Ford is offering a payment protection plan to reassure consumers delaying buying new cars because of job-loss fears, the AP reports. The automaker will cover payments of up to $700 each month for up to a year on any new... More »

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General Motors • Ford • Hyundai • auto industry • auto sales • payments

Obama to Outline Plan for Auto Industry Monday

President will discuss required conditions for further government aid

Mar 27, 09 3:53 PM CDT
(Newser) - President Obama is nearing a decision on whether to give automakers more bailout money and will lay out his plan for the future of the industry Monday, the Detroit News reports. The president “will outline what he thinks is the best way forward," spokesman Robert Gibbs said, including... More »

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Barack Obama • Chrysler • General Motors • Ford • Obama administration • President Obama • auto bailout

(Newser) - Buick and Jaguar are the most dependable all-around car brands this year, the Detroit News reports. A study by JD Power and Associates looked at the average number of problems that crop up in 2006 models to make its estimation, which could be more influential as the recession has drivers... More »

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Chrysler • Lexus • Toyota • Ford • Jaguar • auto industry • Mercury • J.D. Power & Associates • Buick • dependability

(Newser) - The US will provide $5 billion in aid to the nation’s auto-parts manufacturers, a sector struggling because of the tenuous financial situation of Detroit’s Big Three car companies, the Wall Street Journal reports today. Many parts makers face bankruptcy, as they have not been paid for product delivered.... More »

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Chrysler • General Motors • recession • Ford • credit crisis • manufacturer • bailout • cars • auto bailout • auto-parts suppliers

(Newser) - AT&T pledged to spend $565 million to replace its current vehicle fleet with models that run on alternative fuels, the Detroit Free Press reports. The firm will buy over 15,000 hybrid and natural-gas-powered cars, mainly from Ford. AT&T billed the move as not only environmentally responsible but... More »

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alternative energy • Ford • telecom • trucks • hybrid car • natural gas • AT&T

OPINION

Ford-UAW Deal Shows Detroit the Way Forward

Compromise reveals Detroit's 'dinosaurs' can adapt to survive

Mar 10, 09 1:39 AM CDT
(Newser) - The deal hammered out between Ford and the UAW offers Detroit a rare glimpse of hope for the future, Jim Jelter writes in MarketWatch. The deal, ratified by workers yesterday, lets Ford pay half its health-care costs for workers in shares instead of cash, binding workers fortunes' closer to the... More »

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United Auto Workers • automaker • Ford • union • auto industry • organized labor

MARKETS

 Stocks Gyrate; Dow Down 37 

Investors hope yesterday's sell-off brings the market close to a floor

Mar 3, 09 3:20 PM CST
(Newser) - Stocks looked set for rallies several times during today’s session in the wake of yesterday’s sell-off, but closed with mild losses, the Wall Street Journal reports. Shares of General Motors and Ford fell after both reported declining sales for February. The Dow fell 37.27 to close at... More »

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Dow Jones • General Motors • Ford • Nasdaq • S&P 500 • financial crisis

 Auto Suppliers Seek
Their Own Bailout

Trade groups warn industry could collapse from bottom up as Big 3 troubles filter down

Feb 26, 09 2:12 AM CST
(Newser) - The auto industry is warning that it could collapse from the bottom up if the government doesn't immediately assist America's car parts suppliers, the Washington Post reports. Suppliers are struggling to use their unpaid billings to troubled automakers—usually 45 to 60 days behind deliveries—as collateral for operating loans,... More »

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General Motors • automaker • Ford • auto industry • suppliers • supply chain • auto bailout

Obama's Auto Team Drives Foreign Cars

Just 2 of task force's
8 members own domestic models

Feb 23, 09 2:49 PM CST
(Newser) - Detroit’s Big Three might be in worse trouble than they thought: Of the eight people on the Presidential Task Force on the Auto Industry, and the 10 policy aides assisting them, just two own cars built by American-owned manufacturers, the Detroit News reports. The co-chairs—Timothy Geithner and Lawrence... More »

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Chrysler • General Motors • Ford • Treasury Department • auto industry • hybrid car • Timothy Geithner • Lawrence Summers

ANALYSIS

 Detroit Bailout Proposals: 
 Disappointing, Incomplete 

Chrysler, GM offer no plans to get people to buy their cars

Feb 18, 09 10:50 AM CST
(Newser) - GM and Chrysler now want another $22 billion from Washington—and propose to use dramatic job cuts to help right their respective ships. What both companies avoid, writes economist Susan Helper for the New Republic, is an appraisal of the real problem: Nobody wants to buy their cars. Rather than... More »

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Chrysler • United Auto Workers • General Motors • Ford • labor unions • Big Three • auto bailout

UPDATED

Auto Sales Off Again: GM 49%, Ford 40%, Toyota 32%

Double-digit US losses expected to continue

Feb 3, 09 12:48 PM CST
(AP) - Three automakers said today their US light-vehicle sales plummeted again in January: General Motors fell 49%, Ford 40% and Toyota 32%. It’s an abysmal start to 2009 for the industry as sales to fleet buyers like rental car companies weighed down the results. Chrysler and other automakers also are... More »

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Toyota • Ford • auto sales

MARKET Open

 Stocks Retreat After Rally 


Jan 29, 09 8:44 AM CST
(Newser) - Stocks sank at the open today as investors cashed in after yesterday’s rally. The Dow lost 90 points, while the Nasdaq and S&P both dipped 1.4%. The day’s economic data was negative as usual: Continuing jobless claims rose 159,000, orders for durable goods dropped 2.... More »

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stock market • Ford • Nasdaq • corporate earnings • Dow • S&P 500

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