Ford

Stories

Stories 21 - 40 of 59

<< Prev 1 2 3 Next >>

April 2008
- More Cuts Planned as Ford Shifts Out of Reverse
  
  Wall Street Journal | Apr 23, 08 2:41 AM CDT
  
  (Newser) - Ford was in the worst shape of Detroit's Big 3 a couple of years ago but chief executive Alan Mulally's sweeping changes have put the firm back on the road to profitability, the Wall Street Journal reports. The company has slashed jobs, and will likely cut more, and ditched its Jaguar and Land Rover brands. Insiders say Volvo could be the next to go. More »
- Wal-Mart Tops Fortune 500
  
  Fortune Magazine | Apr 21, 08 4:07 PM CDT
  
  (Newser) - Wal-Mart nosed out Exxon Mobil for the second consecutive year to land atop the 2008 Fortune 500, with $37.7 billion in revenues, the magazine said today. In profits, the oil company far outstripped the megaretailer. Three of the top 5 on the list were oil companies, the AP reports. ChevronTexaco (No. 3) and GM (No. 4) swapped places, and ConocoPhillips again rounded out the top 5. More »
- Pickup Sales Plummet to 10-Year Low
  
  BusinessWeek | Apr 9, 08 7:35 AM CDT
  
  (Newser) - US pickup truck sales tumbled in March, hitting their lowest level in nearly a decade. The Big Three all reported double-digit percentage drops in sales this month—the Dodge Ram was down 26%—and large pickups represented barely more than 10% of the auto market. High gas prices added fuel to the freefall, but the housing crisis—and an attendant drop in carting construction loads—may have had the most impact. More »
- Detroit Looks to Pump Up Exports
  
  Wall Street Journal | Apr 8, 08 12:47 PM CDT
  
  (Newser) - The dollar’s declining value, lower labor costs, and other terms of new UAW deals have US automakers looking overseas as they attempt to reclaim market share and profitability, reports the Wall Street Journal. About half of US vehicle exports in 2007, which totaled $50.66 billion, went to Canada and Mexico, and automakers now are looking to emerging markets in China and Latin America. The weak dollar "improves export competitiveness and potential profitability," says GM's president. More »
March 2008
- Ford to Sell Jaguar, Land Rover to India's Tata
  
  Wall Street Journal | Mar 25, 08 9:30 PM CDT
  
  (Newser) - Ford will sell marquee brands Jaguar and Land Rover to India's Tata Motors, the Wall Street Journal reports. Under the deal, expected to be announced tomorrow, Ford will get $2 billion, less than it paid for either company in separate deals years ago. Ford has lost $15 billion the past two years and is in the midst of a major restructuring. More »
- Car Makers Prepare for a Crash
  
  Wall Street Journal | Mar 20, 08 9:06 AM CDT
  
  (Newser) - The slumping US economy is casting shadows over the New York Auto Show, as industry forecasters this week cut their projections for sales of new cars and light trucks in 2008 to less than 15 million, the lowest level in 14 years. Chrysler, GM, and Ford, who had been projecting sales of 15.5 to 15.7 million, are preparing for a fresh round of belt tightening, the Wall Street Journal reports . More »
- US Car Sales Sink in Slow Economy
  
  Bloomberg | Mar 3, 08 9:45 PM CST
  
  (Newser) - A tumbling US economy hit Ford, General Motors, Chrysler, and Toyota today as all four posted declining sales for last month, Bloomberg reports. Chrysler fell 14% as Ford dropped nearly 7% and GM suffered almost a 20% drop in light truck sales. "Primarily it's driven by the weak economy,'' one analyst said. "It's been difficult for people to refinance and get credit.'' More »
January 2008
- Ford Trims Q4 Loss to $2.75B; Plans Job Cuts
  
  Bloomberg | Jan 24, 08 6:56 AM CST
  
  (Newser) - Ford Motor Co. said job cuts and plant closings helped slash its fourth quarter losses to $2.75 billion, Bloomberg reports, less than half of what they were a year ago. But, adds the Wall Street Journal, the company plans to reduce its workforce by at least another 13,000 jobs by the end of the first quarter through buyouts and attrition. More »
- '07 vehicle sales slip into reverse
  
  Los Angeles Times | Jan 4, 08
  
  Sales of cars and light trucks in the U.S. fell to their lowest level in almost a decade last year -- and the first half of 2008 isn't likely to be much better for automakers. They reported Thursday that vehicle sales in 2007 totaled 16.1 million, off 2.5% from 2006 and the smallest annual count since 1998, according to figures compiled by Autodata Corp. Their forecasts for this year were downbeat, with the head of the country's No. 1 car company, General Motors Corp., saying he thought the economy would push GM sales lower in the next six months.
- Ford Sales Slump in December
  
  Wall Street Journal | Jan 3, 08 1:15 PM CST
  
  (Newser) - Ford Motor Co. reported a 9% dip in US sales of cars and light trucks between last December and December 2007, capping off a dismal year for the company and the auto industry, the Wall Street Journal reports. Ford, which is third in US auto sales behind Toyota and leader General Motors, saw light-vehicle sales fall 12% in 2007 overall. More »
- December Auto Sales: Ford
  
  Associated Press | Jan 3, 08
  
  DEARBORN, Mich. - Ford Motor Co. said Thursday its December U.S. sales fell on lower sales of both cars and light trucks, and the company fell to No. 3 in U.S. sales. Ford sold a total of 211,194 vehicles in December, down 8.9 percent from 231,900 in the same month of 2006.
- GM, Ford December Drops May Cap Worst Year in Decade
  
  Bloomberg | Jan 2, 08
  
  Jan. 2 (Bloomberg) -- General Motors Corp. and Ford Motor Co. will probably say December U.S. auto sales fell as consumers reined in spending, ending a year with the lowest demand for cars and trucks in a decade.
December 2007
- Nov. Sales Languish for Big 3
  
  Wall Street Journal | Dec 4, 07 8:35 AM CST
  
  (Newser) - Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11% and Chrysler 2%. More »
November 2007
- Ford Workers Ratify Pact With UAW
  
  Detroit Free Press | Nov 14, 07 3:16 PM CST
  
  (Newser) - UAW workers at Ford overwhelmingly approved a four-year contract today that shifts responsibility for some retiree health benefits to the union, the Detroit Free Press reports. The agreement also allows Ford to hire new employees for lower wages and fewer benefits. The contract approval follows similar deals at GM and Chrysler, though Ford was the only one of the three to avoid a strike. More »
- Top Rides of 2008
  
  Popular Mechanics | Nov 10, 07 4:34 PM CST
  
  (Newser) - Popular Mechanics test drove a fleet of upcoming cars and trucks to conceive this list of 2008's best rides, in ten categories: Design: Nissan GT-R Value: Scion xB Energy efficiency: GMC Yukon Hybrid and Chevrolet Tahoe Hybrid More »
- Ford, UAW Agree on Pact
  
  Wall Street Journal | Nov 3, 07 6:40 AM CDT
  
  (Newser) - After 40 hours of marathon bargaining, Ford and the United Auto Workers reached a deal on a new contract this morning, the Wall Street Journal reports. The contract follows the outlines of earlier pacts hammered out by GM and Chrysler, including moving about $23 million in obligations for employee health-care costs into a union-run trust, Ford said. More »
October 2007
- UAW Ratifies Chrysler Contract
  
  Wall Street Journal | Oct 27, 07 11:07 AM CDT