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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Ford

Ford stories: 194 news summaries

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Ford Doesn't Want to Cut CEO's Pay

Mulally rebuffed $1 salary suggestion,
'OK' making $2M

Nov 27, 08 4:09 PM CST
(Newser) - Though it’s under pressure to trim costs and update its business plan in order to get federal bailout funds, Ford doesn’t like the idea of cutting its CEO’s salary, the Wall Street Journal reports. Alan Mulally made a $2 million salary and $21 million in total compensation... More »

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executive compensation • Ford • Alan Mulally • auto industry • bailout

Automakers Will Get Another House Hearing

Panel sets Dec. 5
date; Detroit's new
plan due next week

Nov 26, 08 5:25 PM CST
(Newser) - A House committee will hear struggling automakers out on their new ideas for federal aid Dec. 5, the Wall Street Journal reports today, with Detroit’s plan due to Congress’ Democratic leaders by Tuesday. Dems say approval of billions in federal funds hinges on making Ford, General Motors, and Chrysler... More »

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Chrysler • General Motors • Ford • auto industry • bailout • financial crisis

 Ford Tops Safe Car List 

With help from Volvo, firm leads with 16 vehicles

Nov 25, 08 11:36 AM CST
(AP) - The insurance industry named dozens of new cars and trucks, led by Ford and its Volvo subsidiary, to its annual list of the safest vehicles today. Ford and Volvo saw 16 of their 2009 vehicles make the list; Honda followed with 13. Some 72 vehicles received the top safety pick... More »

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Ford • Volvo • SUV • auto industry • trucks • car safety • cars

 Bill Ford 
 Driving a 
 Green Future 

Ford's chairman sees auto industry getting leaner and greener in recovery

Nov 24, 08 8:35 AM CST
(Newser) - While General Motors, Chrysler, and Congress are haggling over what strings to tie to a federal bailout, Ford chairman Bill Ford Jr is working behind the scenes to further his company's move toward greener, more fuel-efficient vehicles. The automaker, with enough cash on hand to get through 2009, isn’t... More »

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fuel efficiency • Ford • auto industry • financial crisis • Bill Ford Jr.

Analysis

Detroit Should Look at the History of Steel

Bankruptcy saved that industry, but auto isn't exactly the same

Nov 23, 08 2:09 PM CST
(Newser) - When the steel industry was floundering, many people thought the worst possible outcome would be to allow the big, old companies to go bankrupt. But it took that failure to pare down the industry to a workable size and inject new life into it, David Streitfeld writes in the New ... More »

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Chrysler • General Motors • Ford • US economy • steel • auto industry • bailout • financial crisis

GM Shrinks
Fleet of Corporate Jets

Automaker, pilloried on Capitol Hill, is retiring two of five planes

Nov 21, 08 1:38 PM CST
(Newser) - After facing turbulence on Capitol Hill over its corporate jets, General Motors is cutting two aircraft from the ranks, the Detroit News reports. “This is strictly the result of drastic cutbacks in travel around the globe,” said a spokesman. The automaker, which began this year with seven jets,... More »

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General Motors • Detroit • Ford • Alan Mulally • auto industry • Rick Wagoner • bailout • private jet • financial crisis

Obama Team Weighs Streamlined Auto Bankruptcy 

A 'prepackaged' plan likely would include government financing, take less time

Nov 21, 08 10:55 AM CST
(Newser) - Barack Obama’s transition team is looking at a streamlined, “prepackaged” bankruptcy for the Big Three automakers, Bloomberg reports. In a “prepack,” the companies already would have financing lined up when they go to court, and would have to reach agreements with banks, workers, and suppliers. The... More »

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Barack Obama • Chrysler • General Motors • Ford • Alan Mulally • Robert Nardelli • auto industry • Big Three • Rick Wagoner • bailout • transition team • President Obama • prepackaged bankruptcy

OPINION

Hey, Mitt, Your Naked Opportunism Is Showing

Flip-flop on Detroit shows McCain was right not to pick Romney as running mate

Nov 20, 08 3:43 PM CST
(Newser) - Mitt Romney is speaking sideways when he talks about Detroit these days, Joan Vennochi writes in the Boston Globe. The man who promised he would “not rest until Michigan is back” in the Republican primary is now urging bankruptcy for Detroit automakers. “If the auto industry could reinvent... More »

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Mitt Romney • Chrysler • bankruptcy • General Motors • Detroit • Ford • auto industry • bailout

(Newser) - After failing to strike a deal today on a possible bailout for the Big Three automakers, Congressional leaders offered the firms one more chance to push for the $25 billion lifeline they've requested, the Detroit News reports. Lawmakers will wait until December and require concrete plans for the money... More »

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Nancy Pelosi • Congress • Chrysler • Harry Reid • General Motors • Ford • auto industry • bailout

OPINION

 Big Three Worse 
 Than Somali Pirates 

Extortion done right in Detroit

Nov 20, 08 1:37 PM CST
(Newser) - Detroit’s pleas for a bailout sound an awful lot like blackmail to Bloomberg’s Mark Gilbert. Let GM fail, CEO Rick Wagoner told Congress, and the “level of economic devastation would far exceed” what Detroit is asking for. In other words, give us what we want, or the... More »

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Chrysler • General Motors • Detroit • Ford • Big Three • Rick Wagoner • bailout • financial crisis

OPINION

 Auto Execs Hit Turbulence Over Private Jets

Legislators put screws to extra-shiny tin cups

Nov 20, 08 7:49 AM CST
(Newser) - Take three auto execs, add the private jets each took to a Capitol Hill hearing to beg for a federal bailout, and you get a recipe for the heaping helping of humble pie legislators served up, writes Dana Milbank in the Washington Post. "There's a delicious irony in... More »

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Chrysler • executive compensation • General Motors • Ford • auto industry • private jet • financial crisis • Dana Milbank • auto bailout

(Newser) - The CEOs of Detroit's Big Three automakers left Capitol Hill today with bleak prospects of getting $25 billion in emergency loans, Bloomberg reports. Negotiations continue, especially among lawmakers of automotive states, but Republicans and Democrats are deadlocked over where any such aid should come from. Senate leader Harry Reid canceled... More »

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Congress • Chrysler • General Motors • Ford • auto industry

Senate GOP Crafts Own Auto Bailout Package

Plan would repurpose $25B fuel-efficiency carrot already passed

Nov 19, 08 1:47 PM CST
(Newser) - Senate Republicans are crafting legislation that would repurpose an already-approved $25 billion Energy Department initiative to bail out struggling automakers, the Detroit News reports. The plan is at odds with Democratic efforts, which would use money from the $700 billion Wall Street bailout to help Detroit. The Energy money was... More »

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Congress • Chrysler • Senate • General Motors • Detroit • Mitch McConnell • Ford • credit crisis • auto industry • bailout • auto bailout

OPINION

 Romney: Let Detroit Go Bust 

Bankruptcy, not bailout, will save the American motor industry

Nov 19, 08 7:26 AM CST
(Newser) - If you want to maintain an automotive industry in the US, writes Mitt Romney, giving the Big Three a bailout is the last thing you should do. In an op-ed for the New York Times, the former Massachusetts governor (and Michigan native) says that GM, Chrysler, and Ford need a... More »

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Mitt Romney • Chrysler • bankruptcy • General Motors • Detroit • Ford • auto industry • bailout

(Newser) - The CEOs of the Big Three automakers told the Senate today that a $25 billion bailout of the industry is necessary to prevent "catastrophic" effects on the economy, the New York Times reports. “If the domestic industry were allowed to fail,” said GM's Rick Wagoner, it... More »

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Congress • Chrysler • Senate • General Motors • Detroit • Ford • Chris Dodd • Alan Mulally • Robert Nardelli • credit crisis • Rick Wagoner • Senate Banking Committee • bailout • auto bailout

ANALYSIS

Debunking 6 Myths About Detroit Carmakers

Clamor over bailout obscures some truths about Big Three

Nov 18, 08 2:45 PM CST
(Newser) - Misconceptions and half-truths abound in the discussion over giving Detroit’s big three carmakers a chunk of federal bailout cash. Mark Phelan, in the Free Press, clears up six myths:
  1. Nobody buys GM, Ford or Chrysler anymore.
  • Fact: The three combined sold 8.5 million vehicles
... More »

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Chrysler • General Motors • Detroit • Ford • auto industry • bailout


 Ford Sells 20% Stake 
 in Mazda to Raise Cash 

The sale should net Ford about $540 million

Nov 18, 08 8:40 AM CST
(AP) - Ford is slashing its stake in Mazda by nearly two-thirds, joining other struggling US automakers in a fire-sale of prized assets to stay afloat. Ford, which owns 33.4% of Mazda, will sell about a 20% stake, the companies said. The sale would net Ford $540 million based on Mazda's... More »

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Japan • Ford • auto industry • US automakers • mazda

Control Emerges as Key Issue in Detroit Rescue Bills

House version calls for tough steps to make US industry more viable

Nov 18, 08 2:35 AM CST
(Newser) - Competing versions of a rescue package for US automakers have hit the floors of the House and Senate, the Detroit Free Press reports. The bills, both of which face fierce opposition from Republicans, draw on the $700 billion bailout allotted to the finance sector and call for similar limits on... More »

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Chrysler • General Motors • Ford • Carl Levin • auto industry • bailout

 Americans Question
 Detroit Bailout

Taxpayers say auto industry needs to modernize or die

Nov 17, 08 4:55 AM CST
(Newser) - Americans are deeply skeptical about bailing out Detroit automakers, Reuters reports. While many acknowledge that job losses will be heavy if the industry is allowed to go under, there’s a widespread belief that shoring up the manufacturers’ outdated business model would be unfair—and an enormous waste of money.... More »

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Chrysler • General Motors • Detroit • Ford • auto industry • bailout • financial crisis

OPINION

Let Detroit Go Bankrupt:
Brooks, Krauthammer

Auto bailout throws good money after bad, goes against US capitalism itself

Nov 14, 08 12:31 PM CST
(Newser) - American prosperity relies on creative destruction—the failure of nonviable companies and their replacement by defter rivals. The government endeavors to protect the worker in periods of transition, writes David Brooks in the New York Times, but not the firms themselves. That’s why the auto-industry bailout is a bad... More »

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Chrysler • bankruptcy • General Motors • Ford • auto industry • bailout • cars • auto bailout

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