Ford

Stories

Stories 1 - 20 of 93

1 2 3 4 5 Next >>

December 2008
- Ford May Sell Off Volvo
  
  Wall Street Journal | Dec 1, 08 10:29 AM CST
  
  (Newser) - Ford is looking to cut costs wherever it can, and that might mean selling off its Volvo unit, the Wall Street Journal reports today. US sales for Volvo dropped off 28% in the first 10 months of 2008, and Ford, bleeding cash, plans to trim down and focus on its namesake brand; it’s already sold off other luxury brands like Jaguar. More »
- Once United, Big 3 Take Different Roads to Bailout
  
  New York Times | Dec 1, 08 9:53 AM CST
  
  (Newser) - When the automakers return to Congress this week to beg for a federal bailout, they’ll no longer be presenting one case among them. Each company will unveil its own rejuvenation plan, reports the New York Times . Ford, in best financial shape, wants only the promise of access to federal funds; General Motors and Chrysler need near-immediate infusions. More »
- Put the Brakes on Car Chiefs' Pay: UAW Boss
  
  Reuters | Dec 1, 08 4:11 AM CST
  
  (Newser) - The nation's Big Three automakers should pledge to limit executive pay—including bonuses and severance packages—in exchange for federal money, insists the president of the United Auto Workers. Ron Gettelfinger warned that everyone is going to have to tighten his belt, including the rank-and-file, in order to save jobs. He called federal aid a "bridge loan that will get us through until we can take a longer term look at what needs to be done." More »
November 2008
- Ford Doesn't Want to Cut CEO's Pay
  
  Wall Street Journal | 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 $21 million last year; asked in testimony last week on Capitol Hill if he’d accept a $1 salary, he replied, “I think I’m OK where I am.” More »
- Automakers Will Get Another House Hearing
  
  Wall Street Journal | 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 “viable,” and a spokesman says the companies are “working tirelessly.” More »
- Ford Tops Safe Car List
  
  Associated Press | 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 designation, more than double the number that received it in 2008, helped by the increased use of anti-rollover technology. More »
- Green Auto Industry at Odds With a Viable One
  
  Washington Post | Nov 25, 08 9:27 AM CST
  
  (Newser) - Critics of Detroit complain that the stubborn Big Three are dying because they won’t make the energy-efficient cars people want. But it can take years for a new hybrid or plug-in model to become profitable, putting lawmakers' vision of a green auto industry at odds with their desire for a viable one, the Washington Post reports. More »
- GM Ends Woods Endorsement Deal
  
  Detroit News | Nov 24, 08 1:43 PM CST
  
  (Newser) - General Motors is ending Tiger Woods' endorsement deal in an attempt to cut costs, the Detroit News reports today. Woods has been the celebrity face of GM’s Buick brand for 9 years, but his contract will expire Dec. 31. The golfer, whose wife is expecting their second child, says ending the deal will allow for more personal time with his family. More »
- GM Needs a Hand From Unions, Lenders
  
  Bloomberg | Nov 24, 08 9:43 AM CST
  
  (Newser) - General Motors is revving up its efforts to prove to Congress it can survive if it receives a multibillion-dollar federal loan, reports Bloomberg. The automaker is asking unions to ease work rules, attempting to reduce its debt load, and considering cutting brands from its lineup as it tries to stretch its remaining cash. The company has a week to present a plan to lawmakers. More »
- Bill Ford Driving a Green Future
  
  New York Times | 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 in the dire straits its rivals are, reports the Wall Street Journal , and has steadily been moving toward an energy partnership with the government. More »
- Detroit Should Look at the History of Steel
  
  New York Times | 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 York Times. Could the same be true of the auto industry? More »
- GM Shrinks Fleet of Corporate Jets
  
  Detroit News | 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, also turned in two in September. GM spent $256,793 on flight costs for its top execs last year. More »
- Bailout Wait 'Nerve-Wracking'
  
  Detroit News | Nov 21, 08 1:50 AM CST
  
  (Newser) - Two grueling days of congressional hearings on a bailout for the auto industry were "hostile" and the wait for an answer is "nerve-wracking," General Motors CEO Rick Wagoner told the Detroit News yesterday. GM is ready now to show Congress detailed restructuring plans to convince lawmakers to hand over billions in aid. Legislators are requiring plans from each of the Big Three automakers before they'll agree to a rescue package. More »
- Hey, Mitt, Your Naked Opportunism Is Showing
  
  Boston Globe | Nov 20, 08 3:43 PM CST

News Sections

Newser Specials

Stories

Ford May Sell Off Volvo

Once United, Big 3 Take Different Roads to Bailout

Put the Brakes on Car Chiefs' Pay: UAW Boss

Ford Doesn't Want to Cut CEO's Pay

Automakers Will Get Another House Hearing

Ford Tops Safe Car List

Green Auto Industry at Odds With a Viable One

GM Ends Woods Endorsement Deal

GM Needs a Hand From Unions, Lenders

Bill Ford Driving a Green Future

Detroit Should Look at the History of Steel

GM Shrinks Fleet of Corporate Jets

Bailout Wait 'Nerve-Wracking'

Hey, Mitt, Your Naked Opportunism Is Showing