Archive for the 'Ford Corporate' Category

04
Aug
10

Lincoln lineup to expand, create identity apart from Ford brand

by Automotive News

With the death of Mercury, Ford Motor Co. will funnel more dollars into Lincoln.

For example, planners are looking to add a compact, front-drive car or crossover. There also is talk that a car based on the next-generation Ford Mondeo could be added to the lineup.

For Lincoln to succeed, analysts say, it’s critical that product planners separate Lincoln’s design, power trains, and technology from those of the Ford brand. Lincoln will get features such as active noise cancellation and adaptive suspensions.

Here’s Lincoln’s outlook for the 2011-13 model years.

Compact vehicle: Ford product czar Derrick Kuzak promises a compact front-wheel-drive vehicle but is vague on whether it’s a compact car or crossover. Those familiar with Ford’s plans say it could be a crossover based on the next-generation Kuga crossover from Europe. The automaker is also exploring a compact car. Both the car and crossover would be based on the next-generation global Ford Focus platform.

In January 2009, Ford showed the Lincoln C concept at the North American International Auto Show in Detroit. The concept, based on a wide version of the next-generation Focus platform, shows the possible styling direction for a compact Lincoln.

The redesigned Focus is due in early 2011. A Lincoln version could come by the 2013 model year or sooner.

Continue reading ‘Lincoln lineup to expand, create identity apart from Ford brand’

28
Jul
10

Jim Cramer’s CEO Interview Video: Ford Motor Company (NYSE:F)

08
Jul
10

Ford’s Mulally, UPS’s Davis named to President’s Export Council

Source: Business First

Ford Motor Co. CEO Alan Mulally and United Parcel Service Inc. chairman and CEO Scott Davis were among U.S. business leaders named Wednesday to the President’s Export Council.

The council advises President Obama on ways to encourage companies to increase their exports and enter new markets, according to a news release from Ford.

“At Ford, we believe an export-driven strategy is critical to achieving our shared goals of economic growth, job creation and a sustainable future,” Mulally said in the release.

“For exports to grow, we must ensure that market access for manufactured goods remains at the center of U.S. trade policy,” he added. “Manufacturing matters to American jobs, investment and economic activity. It represents the future of green, high-tech jobs that will drive innovation, and it also happens to represent more than 60 percent of U.S. exports.”

Continue reading ‘Ford’s Mulally, UPS’s Davis named to President’s Export Council’

30
Jun
10

Ford Motor to repay $4 billion more in debt

By TOM KRISHER (AP) – 2 hours ago

DETROIT — Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength.

The Dearborn, Mich., automaker will pay $3.8 billion in cash to a United Auto Workers trust fund that pays retiree health care bills, and it will pay out $255 million in dividends on preferred securities that had been deferred as the automaker worked its way through financial troubles. The company now will make quarterly payments on the securities, which are a combination of preferred stock and bonds.

Ford CEO Alan Mulally said in a statement that the payments are another sign of confidence that the company’s restructuring plan is working.

“We expect to continue to improve our balance sheet as we deliver on our plan,” Mulally said.

Continue reading ‘Ford Motor to repay $4 billion more in debt’

28
Apr
10

Ford Motor Co. posts $2.1 billion profit in first quarter of 2010

FoMoCo today announced that its first quarter 2010 net income came in at $2.1 billion, or 50 cents per share, a $3.5 billion improvement from the same period a year ago. Ford says the number moved up due to strong selling new products, improvements in its global Automotive operations, and higher profits at Ford Credit boosted results.

Excluding special items, Ford reported pre-tax operating profit of $2 billion, or 46 cents per share, an improvement of $4 billion from a year ago. It marked the Dearborn automaker’s highest quarterly pre-tax operating profit in six years.

“The Ford team around the world achieved another very solid quarter, and we are delivering profitable growth,” said Ford President and CEO Alan Mulally. “Our plan is working, and the basic engine that drives our business results – products, market share, revenue and cost structure – is performing stronger each quarter, even as the economy and vehicle demand remain relatively soft.”

Ford pointed out that since it has decided to sell Volvo to Zhejiang Geely Holding Group for $1.8 billion, it will report all of Volvo’s 2010 results are being reported as special items and excluded from Ford’s operating results.

Ford said that its first quarter revenue was $28.1 billion, up $3.7 billion from the same period a year ago. If Volvo had been excluded from 2009, Automotive revenue would have increased by $7 billion, or more than 30 percent.




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