Ford

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Blazing Switches Trigger Massive Ford Recall

Cruise-control fires start even with engines off

(Newser) - Ford is recalling 3.6 million vehicles with cruise-control switches that have caused fires even with the engine off, CNN reports. The company recently settled a lawsuit in the death of a woman killed in her home after her husband said their Ford pickup burst into flames in the garage.

In Nardelli, Chrysler Found Its Maverick

Cerberus relying on tough-talking new CEO to cut costs

(Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’...

Foreign Cars Outsell Detroit
Foreign Cars Outsell Detroit
Aug 2, 2007 5:14 AM CDT

Foreign Cars Outsell Detroit

Foreign cars outsell American vehicles for first time ever

(Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from...

GM&rsquo;s Quarter Is Twice as Nice
GM’s Quarter Is Twice as Nice
Jul 31, 2007 10:02 AM CDT

GM’s Quarter Is Twice as Nice

Carmaker more than doubles estimates, beats Toyota in sales for quarter

(Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous...

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers...

Ford Turns 1st Quarterly Profit in 2 Years

Automaker thumps expectations, moves into black for 2007

(Newser) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford...

The 12 Greenest Rides
The 12 Greenest Rides
Jul 20, 2007 5:39 PM CDT

The 12 Greenest Rides

Forbes picks the 12 most environment-friendly cars.

(Newser) - You don't have to drive a hybrid to go green; half of Forbes' top picks for fuel-efficiency are small, brainy gas-driven cars. 
  1. Honda Civic Hybrid Sedan, $22,600
  2. Toyota Prius Sedan, $22,175
  3. Toyota Camry Hybrid Sedan, $26,200
  4. Ford Escape Hybrid SUV, $25,740
  5. Ford Focus, $13,995
...

Ford May Be Preparing to Unload Volvo

Struggling automaker would reverse earlier decision in push for cash

(Newser) - Faced with large losses and sagging sales in North America, Ford is ready to consider offers for its Volvo division, insiders say. As recently as two weeks ago, the company insisted that  Volvo was not for sale, the New York Times reports. Already on the market are two other Ford...

Ford and Edison Team Up on New Hybrids

Plug-in cars would be more fuel-efficient

(Newser) - Ford and Southern California Edison are joining currents to put some juice into the next generation of hybrid vehicles. The new cars will feature more powerful batteries, and will plug into a socket at night, storing energy and vastly increasing fuel economy. Edison is even looking into new tech that...

Japanese Foes Thump Big 3 in June Sales

Figures spell especially big trouble for GM

(Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in...

Detroit Resists MPG Rules
Detroit Resists MPG Rules
Jun 7, 2007 5:10 AM CDT

Detroit Resists MPG Rules

Face-off in Washington over tougher fuel economies

(Newser) - The Big Three car makers are trying to put the breaks on Congressional plans to toughen fuel economy standards to an average of 35 mpg over the next 15 years. The Wall Street Journal predicts a political struggle that will test how much clout Ford, Chrysler and GM still have...

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope for restructuring labor costs

(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which...

Ford Turnaround Plan Pays Off
Ford Turnaround Plan Pays Off
Apr 26, 2007 10:59 AM CDT

Ford Turnaround Plan Pays Off

(Newser) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track.

Stories 301 - 313 | << Prev