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Ford earned its biggest profit in more than a decade in 2010 as robust car and truck sales and years of cost cuts paid off for the company.
The results disappointed Wall Street, however, and Ford’s stock price fell 6 percent to $17.73 in premarket trading. The reaction hinted at the difficulties the company still faces, even though it’s remade itself in recent years.
The government has opened a preliminary investigation into reports of wheel studs breaking on some 2010 model year Ford Fusion sedans. Get the full story »
Ford Motor Co. will invest $400 million on upgrades at its assembly plant near Kansas City, Missouri, to build a new vehicle there, the automaker said on Tuesday. Get the full story »
Ford Motor Co. says it will add more than 7,000 workers in the U.S. over the next two years as it begins producing several new vehicles. Get the full story »
A 2004 Ford F-150. (Handout)
Ford Motor Co. is recalling 14,737 new vehicles including its biggest seller, the F-series pickup truck, due to the chance than an electrical short could cause a fire, U.S. federal regulators said on Thursday.
Ford will inform owners of its F-series pickups, small sports utility vehicles Edge and Lincoln MKX of the potential problem by Jan. 10, according to a filing with the U.S. National Highway Traffic Safety Administration.
There was no mention in the filing of injuries, crashes or fires resulting from the issue. Get the full story »
Fast growing Korean manufacturer Hyundai Motor and its Kia Motors affiliate shared the top spot for crash safety in a broad review of 2011 models. (See the full list)
Volkswagen and its luxury Audi brand also were among the 66 passenger cars and sport utilities garnering the highest ratings published by the Insurance Institute for Highway Safety. Get the full story »
Ford has chosen Chicago as one of the initial markets for its electric Focus, due to hit showrooms late next year.
Ford based the rollout markets on commuting patterns and hybrid purchase trends, among other criteria. The other first markets are Atlanta; Austin and Houston, Texas; Boston; Chicago; Denver; Detroit; Los Angeles; San Francisco; San Diego; New York; Orlando, Fla.; Phoenix and Tucson, Ariz.; Portland, Ore.; Raleigh/Durham, N.C.; Richmond, Va.; Seattle; and Washington, D.C.
The Focus Electric will be powered by a 23 kWh lithium-ion battery with a system that uses a liquid heating and cooling system to maximize battery life and driving range. Get the full story »
Ford Motor Co. says its October U.S. sales rose 19.2 percent, led by big increases in trucks and small cars. In the Chicago area, Ford’s sales rose 20.9 percent.
General Motors, Honda and others have already reported strong sales of crossover wagons last month, and Ford was no exception. Sales of the redesigned Edge crossover were up 24 percent, while Ford Escape sales rose 17 percent.
Ford says sales of the F-Series pickup rose 24 percent, thanks in part to a month-long truck promotion. Get the full story »
Ford Motor Co.’s emergence as Detroit’s darling may have fueled jealousy at General Motors Co headquarters, but the archrival’s rising shares could help GM as it readies its landmark return to public markets. Get the full story »
Michigan’s auto industry could get a boost — including the possibility of more than 2,000 additional jobs at the Detroit area’s biggest carmakers — from projects assisted with state tax incentives announced Tuesday.
Ford Motor Co., General Motors Corp. and Chrysler Group LLC were among the 16 companies with projects granted tax incentives by a state board.
It’s not clear exactly how many new jobs might be created directly at the companies awarded the tax incentives. But the new jobs could top 2,000 with the Detroit-area automakers alone, if all projects — including some in the early stages — materialize as planned. Get the full story »
Ford Motor Co. posted a $1.7 billion quarterly profit Tuesday that exceeded Wall Street expectations and said it expected to eliminate a net debt position in its automotive business by year-end. Get the full story »
Vehicle springs, awaiting installation at the Hyundai plant in Montgomery, Ala. (Dave Martin/Bloomberg News)
By next year about 80 percent of the vehicles Korean automaker Hyundai sells in the United States will be built here, the CEO of the automaker’s U.S. arm told CNNMoney.
That percentage would likely put Hyundai at the top of the “Made in the USA“ rankings among all automakers operating in the U.S., including Ford, Chrysler and General Motors. Get the full story »
Bloomberg News | General Motors Co., Ford Motor Co., Chrysler Group LLC and Nissan Motor Co. said U.S. sales rose in September as the industry recovers from its worst year in almost three decades.
Deliveries at GM, the largest U.S. automaker, climbed 11 percent from a year earlier to 173,155, the Detroit-based company said in a statement today. Ford, the second-largest, increased sales 41 percent to 160,873, the Dearborn, Michigan- based company said in a statement. Get the full story »
From Bloomberg News | Ford Motor Co. Chief Executive Officer Alan Mulally said the second-biggest U.S. carmaker may reduce its product lineup to as few as 20 models. Get the full story »
