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Ford

"For I feel the world's growing better...Where the Fords go by the door." -Fred K. Dix

Ford, which is third in US auto sales behind Toyota and leader General Motors, saw light-vehicle sales fall 12% in 2007 overall.

Stories

Stories 21 - 40 of 93

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November 2008
- Debunking 6 Myths About Detroit Carmakers
  
  Detroit Free Press | 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: Nobody buys GM, Ford or Chrysler anymore. Fact: The three combined sold 8.5 million vehicles domestically last year—GM alone beat Toyota’s sales by 1.2 million. Their cars are unreliable. Fact: Consumer-advocacy groups now rate cars from the Big Three as equally dependable as those from Japanese or European brands. More »
- Ford Sells 20% Stake in Mazda to Raise Cash
  
  Associated Press | 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 closing price today, barely a quarter of what it would have been worth a year ago. More »
- Detroit Bailout Is Key Opportunity for US Economy
  
  Washington Post | Nov 17, 08 12:58 PM CST
  
  (Newser) - Letting one—or more—of the Big Three automakers slip into bankruptcy could push the US economy into depression and would imperil millions of jobs tied to the industry, writes Jeffrey D. Sachs in the Washington Post . Instead, the government should bail out the industry, taking the lead in positioning it as a high-tech leader producing 100-mile-per-gallon vehicles. More »
- Let Detroit Go Bankrupt: Brooks, Krauthammer
  
  New York Times | 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 idea: Extending the life of the Big Three means preserving their unworkable business models. More »
- Detroit Needs Green Deal or No Deal
  
  Salon | Nov 12, 08 9:01 AM CST
  
  (Newser) - If we’re going to bail out the auto industry, writes Joseph Romm in Salon, let’s do it right. Detroit’s Big Three have spent years fighting tooth and nail against the very innovations that could save them: higher fuel efficiency and hybrid-electric cars. Detroit has “been suicidally lobbying against its own inescapable future,” as well as against everyone’s shared interest in cars running on clean and renewable energy. More »
- Dems Push Paulson to Fund Big 3 Automakers
  
  Politico | Nov 8, 08 4:56 PM CST
  
  (Newser) - Congressional Democrats are urging Henry Paulson to pump funds into the sputtering Big Three automakers, Politico reports. In a letter to the treasury secretary, Nancy Pelosi and Harry Reid called for a broadening of the $700 billion bailout package to help GM, Ford, and Chrysler qualify for federal aid. A thriving auto industry is vital to restoring market stability, the Dems said. More »
- Ford Loses $2.98B, Cuts Jobs
  
  Bloomberg | Nov 7, 08 7:41 AM CST
  
  (Newser) - Ford Motor Company’s sales plunged 22% in the third quarter, the company said today, as the struggling economy eviscerated demand. The company lost $2.98 billion, or $1.31 a share, far worse than the 93 cents-per-share analysts expected, while burning through $7.7 billion in cash, Bloomberg reports. Another round of job cuts is on the way, the company says, including a 10% reduction of its salaried-personnel costs. More »
- And on the Seventh Day, They Stop Selling Cars
  
  Wall Street Journal | Nov 6, 08 9:46 AM CST
  
  (Newser) - With the American auto industry in dire straits, you might think dealers would be working 24/7 to move merchandise. But in 14 states and scattered counties elsewhere, Sunday sales are against the law—and many dealership owners like it that way. The Wall Street Journal visits Rhode Island to look at both sides of a surprisingly contentious issue. More »
- GM Sales Off 45% as US Auto Sales Hit 25-Year Low
  
  Bloomberg | Nov 3, 08 10:43 PM CST
  
  (Newser) - US auto sales dived in October to levels not seen since 1983, Bloomberg reports. GM, Ford, and Chrysler saw sales drop 45%, 30%, and 36% respectively as credit dried up and consumer confidence plummeted. Toyota, Honda, and Nissan all saw sales fall over 20%, but managed to gain market share from their US counterparts. Toyota's 23% drop came despite a 0% finance program. More »
- SUV, Pickup Sales Rebound as Price of Gas Drops
  
  Wall Street Journal | Nov 3, 08 9:08 AM CST
  
  (Newser) - Gas prices are down and the sales of SUVs and pickup trucks are accelerating, albeit only into second gear, reports the Wall Street Journal. As gas edges closer to $2, buyers are picking up bargains on the big gas guzzlers dealers couldn’t give away couple of months ago. And desperate manufacturers still are offering huge discounts on leftover 2008s. More »
October 2008
- Car Dealers Write Off Domestic Franchises
  
  Wall Street Journal | Oct 29, 08 6:36 AM CDT
  
  (Newser) - Two of the largest chains of car dealers report that their domestic auto franchises have become virtually worthless, the Wall Street Journal writes. The companies took a a combined $51 million in writedowns for the third quarter, reflecting disappearing "franchise value"—the measure of potential profit—for dealerships that sell brands from GM, Ford, and Chrysler. More »
- Bankruptcy Looms if GM, Chrysler Don't Get Cash
  
  Wall Street Journal | Oct 27, 08 8:12 AM CDT
  
  (Newser) - GM and Chrysler are both on track to run out of cash before the end of 2009 if a merger or major government intervention doesn’t occur, analysts tell the Wall Street Journal . With credit markets choked and rapidly diminishing reserves, experts say bankruptcy, which would carry massive consequences for the industry and economy as a whole, could be unavoidable. More »
- Top Cars We Should Scrap
  
  US News and World Report | Oct 26, 08 4:59 AM CDT
  
  (Newser) - The possibility that one of Detroit's Big Three automakers is headed for the scrap heap left US News and World Report wondering which cars Americans could live without. Here are some top candidates: Jeep Commander: This boxy model gets 16 mpg and it shows: sales are down 55%. Dodge Durango: Even the hybrid version of this SUV hasn't stopped sales from falling an astonishing 54%. More »