Ford – News Stories About Ford - Page 14

More Cuts Planned as Ford Shifts Out of Reverse

Apr 23, 2008 2:41 AM CDT

More Cuts Planned as Ford Shifts Out of Reverse

Investors rally for Mulally as turnaround picks up speed

(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...

Wal-Mart Tops Fortune 500

Apr 21, 2008 4:07 PM CDT

Wal-Mart Tops Fortune 500

Exxon Mobil repeats 2007 performance, finishes second

(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....

Pickup Sales Plummet to 10-Year Low

Apr 9, 2008 7:35 AM CDT

Pickup Sales Plummet to 10-Year Low

Trucks can't pull their weight as gas prices rev up, housing stalls

(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...

Detroit Looks
to Pump Up Exports

Apr 8, 2008 12:47 PM CDT

Detroit Looks to Pump Up Exports

US automakers say cheap dollar, low-cost labor puts them in driver's seat

(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...

March Auto Sales
Hit the Skids

Apr 2, 2008 4:00 AM CDT

March Auto Sales Hit the Skids

GM, Chrysler Down 19%, Toyota, Ford Dip 10%

(Newser) - US auto sales plummeted last month, with GM and Chrysler's March sales diving 19%, and Ford and Toyota's down 10%, the Wall Street Journal reports. Rising gas prices, the credit crisis and fear of the future are blamed for the troubling trend. Detroit is bracing for even more bad news...

Tata's Luxury Buys
Tell World 'We're Here'

Mar 26, 2008 11:53 AM CDT

Tata's Luxury Buys Tell World 'We're Here'

Jaguar, Land Rover acquisitions add dimension to Indian giant's broad base

(Newser) - Perhaps you’ve never heard of Tata, the Indian company that's the new owner of Jaguar and Land Rover—but it's already a $70 billion globe-straddling giant, the BBC reports, with major subsidiaries in a host of industries. Not content with dominating its fast-growing home market, Tata Motors sells cars...

Ford to Sell Jaguar,
Land Rover to India's Tata

Mar 25, 2008 9:30 PM CDT

Ford to Sell Jaguar, Land Rover to India's Tata

Restructuring move will bring $2B—less than what company paid for either

(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...

With Big Give, Oprah Shows Smaller Side

TV REVIEW

Mar 21, 2008 6:26 PM CDT

With Big Give, Oprah Shows Smaller Side

Reality charity show provokes sniffles, but writer calls it vain

(Newser) - The new ABC show Oprah’s Big Give might be exactly what it claims—an epically scaled, nurturing-obsessed cult of personality—but the format is old and unsuitable, Nancy Franklin writes in the New Yorker, and the star is self-obsessed. The competition charity program sometimes reduced to her tears, Franklin...

Car of the Year: Mazda2

Mar 21, 2008 6:54 AM CDT

Car of the Year: Mazda2

Compact gets top world honors at New York auto show

(Newser) - The compact Mazda2 took top honors as World Car of the Year yesterday at the International Auto Show in New York, the Detroit News reports. The car, also known as the Demio in some countries, earned accolades from a panel of international journalists for its combination of performance and price....

Small Is the New Big

Mar 20, 2008 2:36 PM CDT

Small Is the New Big

Automakers turn attention to the subcompact, abroad and at home

(Newser) - Ever-increasing gas prices, environmental concerns and demand in developing countries are leading worldwide small-car sales past those of larger counterparts, Newsweek reports. With cars like India’s Tata Nano set to overhaul the auto industry by offering new mobility to millions, US automakers are scrambling to retool their businesses to...

Car Makers Prepare for a Crash

Mar 20, 2008 9:06 AM CDT

Car Makers Prepare for a Crash

Big Three see sales slump ahead

(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...

US Car Sales Sink in Slow Economy

Mar 3, 2008 9:45 PM CST

US Car Sales Sink in Slow Economy

GM, Ford, Chrysler, and Toyota saw sales fall last month

(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,...

NAFTA Casts Wide Shadow on Ohio Vote

Mar 1, 2008 5:50 PM CST

NAFTA Casts Wide Shadow on Ohio Vote

Clinton, Obama look to score points bashing trade pact

(Newser) - As Hillary Clinton and Barack Obama battle for votes in Ohio, each pushes a simple theme: NAFTA is bad. Ohio has been hit hard by free trade, which is why Obama reminds voters that Bill Clinton backed NAFTA. And both hopefuls have mined each other's comments for anything that favors...

Ford Trims Q4 Loss to $2.75B; Plans Job Cuts

Jan 24, 2008 6:56 AM CST

Ford Trims Q4 Loss to $2.75B; Plans Job Cuts

Eying weak economy ahead, will offer new round of buyouts

(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...

Ten Priciest Vehicles
to Insure

Jan 19, 2008 4:59 AM CST

Ten Priciest Vehicles to Insure

And 10 more that won't leave your wallet running on empty

(Newser) - Wary consumers already smarting from soaring gas prices won't want to miss Insure.com's new lists of the 10 priciest—and the 10 cheapest—cars to insure. The five with the highest premiums are:

Dodge Ram Pickup
Chevy Silverado C/K pickup
Toyota Prius
Honda Accord
Nissan Altima

HD Radio Poised for Turnaround

Jan 9, 2008 3:57 PM CST

HD Radio Poised for Turnaround

New features, falling prices could lead consumers to tune in to digital revolution

(Newser) - The broadcast industry hopes 2008 is the year listeners finally tune into HD Radio—and conditions are right for a turnaround, the Wall Street Journal reports. Ford and other automakers are on board, and receiver prices have dropped. It's the nifty new features, though—you can, for example, "tag"...

Gains Dashed on Jobs Angst

MARKETS

Jan 3, 2008 3:34 PM CST

Gains Dashed on Jobs Angst

Weak December auto sales didn't help the market's fortunes

(Newser) - The market lost substantial early gains today to finish about even, with weak December auto sales and rising oil costs adding to anxiety over tomorrow’s jobs report from the Labor Department. The Dow closed up 12.8 points to 13,056.7, as GM stock declined 2.5% and...

Ford Sales Slump in December

Jan 3, 2008 1:15 PM CST

Ford Sales Slump in December

Light-vehicle sales down 9% over Dec. '06, and off 12% for all of 2007

(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...

Chrysler CEO Predicts
$1.6B Loss This Year

Dec 5, 2007 10:01 PM CST

Chrysler CEO Predicts $1.6B Loss This Year

Automaker faces second straight year in the red

(Newser) - Chrysler will be screeching toward a second consecutive year in the red, sources told the Wall Street Journal, as the automaker will lose $1.6 billion. CEO Robert Nardelli told designers and engineers this week that while the beleaguered automaker’s revenue was about $63 billion, costs exceeded $64 billion....

Nov. Sales Languish for Big 3

Dec 4, 2007 8:35 AM CST

Nov. Sales Languish for Big 3

Ford and GM announce production cuts as US sales slump continues

(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%...