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Keyword: ford

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  • Ford building $1bn manufacturing complex in India

    09/06/2011 2:38:47 PM PDT · by lilyramone · 53 replies
    France 24 ^ | 09-06-2011 | AFP
    Ford building $1bn manufacturing complex in India An child walks on a plot of land acquired by Ford India for its new automobile manufacturing plant near Sanand, some 60 kms from Ahmedabad. Ford has started construction on a $1 billion manufacturing and engineering complex on the site. The complex will create 5,000 jobs and be able initially to produce 240,000 vehicles and 270,000 engines a year from 2014, Ford says. AFP - US auto giant Ford has started construction on a $1 billion manufacturing and engineering complex in India as it bets on the country to help drive global growth,...
  • Robert Ford attacked in Syria (VIDEO)

    08/29/2011 5:47:40 PM PDT · by Nachum · 13 replies
    Foreignpolicy.com ^ | 8/29/11 | Josh Rogin
    A video has emerged of U.S. Ambassador to Syria Robert Ford being assaulted by a pro-regime demonstrator on the streets of Damascus last week. The assault took place before Ford's unapproved trip to the city of Jassem on Aug 23. Ford was present at a gathering of demonstrators who support the regime of Syrian President Bashar al-Assad outside the Cham Palace Hotel in Damascus when one demonstrator ran up to Ford and tried to wrap him in a poster that featured Assad's face. Ford's security intervened quickly and rushed Ford to his car. The incident was then replayed in a...
  • EDITORIAL: Obama: Stop selling pickup trucks

    08/22/2011 7:06:09 PM PDT · by jazusamo · 110 replies · 1+ views
    The Washington Times ^ | August 22, 2011 | Editorial
    President and Government Motors drive consumers into a ditchThe U.S. auto industry wouldn’t exist today if it weren’t for President Obama, or so he says. According to the White House, the 2009 $80 billion auto bailout - of which at least $14 billion was lost - not only saved the American auto sector but preserved 1 million jobs. If you believe that one, he has a $45,000 electric Chevy to sell you. Earlier this month, at a Ford Motor Co. plant in Chicago, Mr. Obama even argued that Ford, which didn’t take a federal handout, had him to thank for...
  • Obama calls Warren Buffett, Ford CEO for advice on creating jobs

    08/22/2011 2:16:09 PM PDT · by EBH · 34 replies
    The Hill ^ | 8/22/11 | Erik Wasson
    “The President and Mr. Buffett discussed the overall outlook on the economy and the reaction to the headwinds we’ve experienced over the last couple of months," White House spokesman Josh Earnest said. "They talked a little bit about some possible measures that would spur investment and increase economic growth. And they also talked about some measures that could address the long-term fiscal situation in this country.” Obama also called Mulally, and they discussed the disruptions to the auto industry supply chain caused by the Japanese tsunami as well as ways to stimulate exports and investment. Ford was a major opponent...
  • Ford Earns $2.4 Billion Net Income in Second Quarter 2011 (title shortened)

    07/26/2011 1:38:36 PM PDT · by CSM · 13 replies
    Ford Motor Company Corporate page ^ | 7/26/2011 | Ford Presser
    •Second quarter net income was $2.4 billion, or 59 cents per share, a $201 million decrease from second quarter 2010. Pre-tax operating profit was $2.9 billion, or 65 cents per share, a decrease of $64 million from second quarter 2010. •Automotive pre-tax operating profit was $2.3 billion for the second quarter, an increase of $209 million from second quarter 2010. •Ford Credit reported a pre-tax operating profit of $604 million for the second quarter, a decrease of $284 million from second quarter 2010. •Total Company revenue was $35.5 billion in the second quarter, up $4.2 billion from second quarter 2010....
  • UAW wants bigger cut of Detroit's newfound profits

    07/25/2011 10:14:07 AM PDT · by ThinkingBuddha · 28 replies
    Yahoo Finance ^ | 07/24/2011 | AP
    To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago. Now that General Motors, Ford and Chrysler are making money again, workers want compensation for their sacrifice. Just how much they get is the central question hanging over contract talks that start this week between Detroit and one of the nation's largest and most powerful unions. The negotiations, the first since Chrysler and GM took government aid and emerged from bankruptcy, will set wages and benefits for 111,000 members of the United Auto Workers, including those at Ford, which avoided bankruptcy...
  • Betty Ford Funeral Pictures

    07/13/2011 5:46:08 AM PDT · by RummyChick · 45 replies
    various | - | -
  • Presenting the Mother of All BBQ Grills . . .

    07/05/2011 3:32:46 AM PDT · by Reaganite Republican · 10 replies
    Reaganite Republican ^ | July 5, 2010 | Reaganite Republican
    Looks like the guy made it out of a '56 Ford convertible (or maybe a coupe), neat. I can already hear the "Why not Chevy" responses, but have you looked at the price of a Tri-Five lately? Nicely done with the diner theme, too: It don't get any more American than that! What would be funny is to drag it in for a smog test and then fire up the grill- hehMore news/views/humor at Reaganite Republican
  • Remember when getting a new car was a celebration, instead of being a stigma

    06/18/2011 3:20:59 PM PDT · by DallasBiff · 41 replies · 1+ views
    6/18/11
    I noticed that a co-worker had gotten a new car while seeing each other in the parking lot and congratulated the person. The co-worker said "thank you", but stated that I shouldn't tell anyone else. The co-worker in my opinion felt they had a Scarlett Letter attached to them for buying not only a new car but an import model.
  • President Ford Toasts Queen Elizabeth

    05/25/2011 11:16:59 AM PDT · by ml/nj · 29 replies
    The "bumbling" President Ford apparently knew that the toast is supposed to end with the words, "the Queen." It is interesting to watch the Queen's reaction in this video and compare it with the one she had yesterday. (Video at link) ML/NJ
  • Statue of President Gerald Ford unveiled

    05/04/2011 11:46:37 AM PDT · by GOP_Party_Animal · 24 replies
    Speaker of the House John Boehner (R-OH) wipes tears from his eyes as he attends the unveiling ceremony for a statue of the late former President Gerald R. Ford in the U.S. Capitol Building in Washington on May 3, 2011. UPI/Kevin Dietsch
  • EDITORIAL: Free-market Ford laps Government Motors

    04/01/2011 5:41:07 PM PDT · by jazusamo · 83 replies
    The Washington Times ^ | April 1, 2011 | Editorial
    Bureaucrats can’t run a car company, let alone the whole country Ford Motor Co. beat General Motors in March sales, another small but significant victory of private enterprise over government micromanagement. Since the 2009 government takeover of GM, competition between the two leading domestic auto manufacturers has taken on strong ideological overtones. It serves as an ideal test case, a microcosm of the competition between two worldviews, the automotive equivalent of North vs. South Korea. Right now, the good guys are winning. Ford has been giving GM a run for its money since the competition began. In October, Ford recorded...
  • Unpleasant surprise from new Ford automobile

    03/26/2011 7:49:43 AM PDT · by chickadee · 114 replies
    3/26/11 | Self
    Yesterday, I decided to take my relatively new car out for a spin. Due to a combination of ugly winter weather and health issues, I hadn't driven the car in a couple of months and wanted to give it a spin to keep its "juices" flowing. I got in the car and tried to start it. Nothing. All the symbols lit up and went nuts, but no sound of cranking. Fortunately, Ford gives new owners 5 years of Roadside Assistance. Ford's service responded quickly and professionally. The technician came prepared with a "box" to start the car in my garage....
  • Auto Union Looks to Recover Concessions From Ford During Contract Talks

    03/21/2011 6:12:14 PM PDT · by jazusamo · 64 replies
    Fox News ^ | March 21, 2011 | Judson Berger/FoxNews
    Now that Ford is back in the black, the United Auto Workers union wants to recover the perks it gave up over the past few years as the auto giant teetered on the brink of bankruptcy. Rhetoric is flaring ahead of negotiations this summer for the UAW's next four-year contract. More than 1,000 delegates from the union are meeting in Detroit this week to strategize for those negotiations. The talks will encompass labor agreements with the Big Three automakers, but Ford's impressive profits may make the company a target for union representatives looking for a bigger share of the wealth....
  • Ford warns electric cars may be only for the rich

    03/02/2011 3:45:10 PM PST · by bruinbirdman · 64 replies
    The Telegraph ^ | 3/2/2011 | Graham Ruddick, Geneva
    Ford's chief financial officer has warned predictions of a surge in electric car sales are "very ambitious", as next generation vehicles dominate the Geneva Motor Show. Lewis Booth, a Briton, raised concerns about their viability without state subsidies. Most leading car makers have unveiled new electric or hybrid models in Geneva, while BMW and Peugeot have confirmed a €100m (£85m) joint venture to develop electric technologies. However, Mr Booth said: "Electric vehicles at the moment are still very expensive and have limitations. There is a question mark about how long governments can subsidise vehicles when they are under so much...
  • Ford F-150 Used to Develop 40 MPG Hydraulic Hybrid Powertrain

    02/20/2011 6:08:28 AM PST · by saganite · 70 replies
    Pickup Trucks.com ^ | February 18, 2011 | Mike Levine
    Ford is working with the Center for Compact and Efficient Fluid Power and Folsom Technologies to develop a prototype F-150 light-duty pickup truck propelled by a hydraulic hybrid powertrain. Hydraulic hybrids differ considerably from gas-electric hybrids, like the Chevrolet Silverado 1500 Hybrid, but the goal is the same: to improve fuel efficiency. “We have the potential to reach 40 miles per gallon or higher with hydraulic power,” said Perry Li, co-deputy director of CCEFP and a mechanical engineering professor. “But we feel like we don’t give up anything versus an electric hybrid, and there are no batteries and nothing to...
  • Protesters decry conservative desert retreat (rally was organized by liberal group Common Cause)

    01/30/2011 8:44:33 PM PST · by NormsRevenge · 34 replies
    Yahoo ^ | 1/30/11 | Troy Anderson
    RANCHO MIRAGE, California (Reuters) – About 1,000 chanting protesters rallied on Sunday outside a California resort where conservative lawmakers and business executives met for a political strategy session hosted by billionaires Charles and David Koch. About two dozen police officers in riot gear lined up in front of the Rancho Las Palmas Resort & Spa in the upscale desert town of Rancho Mirage to keep the protesters away from the gated entrance. ... Another group, some dressed in hazardous material suits, tried to encircle the resort with yellow caution tape in a symbolic effort to "quarantine" the meeting, but they...
  • New Heroes vs. Old (Rockfeller & Ford made our lives better. Is it bad that they became rich?)

    01/25/2011 6:50:05 AM PST · by SeekAndFind · 26 replies
    National Review ^ | 01/25/2011 | Thomas Sowell
    When I mention that my family used kerosene lamps when I was a small child in the South during the 1930s, that is usually taken as a sign of our poverty, though I never thought of us as poor at the time. What is ironic is that kerosene lamps were a luxury of the rich in the 19th century, before John D. Rockefeller came along. With the high price of kerosene at that time, an ordinary working man could not afford to stay up at night, burning this expensive fuel for hours at a time. Rockefeller did not begin his...
  • Our 2010 CEO of the Year Drives Success (Morningstar selects Ford's Alan Mulally)

    01/06/2011 9:17:46 AM PST · by taildragger · 5 replies
    Moringstar ^ | 01/05/11 | David Winston
    Our 2010 CEO of the Year Drives Success Mulally's achievements position Ford to thrive in a very hard industry. By David Whiston, CFA, CPA, CFE | 01-05-11 | 12:00 PM Alan Mulally of Ford Motor Company (F F) is the Morningstar 2010 CEO of the Year for good reason. Auto manufacturing is a tough industry in which few participants are able to garner long-term competitive advantages. It is a viciously cyclical business with high fixed costs and powerful unions to keep happy, and consumers have no reason to keep buying vehicles from the same manufacturer. As such, management prowess, or...
  • Obama Appoints Robert Ford as Ambassador to Syria

    12/30/2010 1:39:16 PM PST · by Nachum · 10 replies · 18+ views
    inn ^ | 12/30/10 | Chana Ya'ar
    The White House has announced the appointment of a new ambassador to Syria -- a controversial move by U.S. President Barack Obama, who used his Constitutional muscle on Wednesday to name the envoy while the Senate was not in session. The previous ambassador to Syria was withdrawn by former President George W. Bush in 2005 in response to the assassination of Lebanese Prime Minister Rafik Hariri, as well as its support for Saddah Hussein-sympathizers and terrorism in general. There were strong indications at the time that Syria was behind Hariri's murder, although Damascus denied involvement in the truck bombing. The...
  • NY’s Dumbest; NYC Sanitation Workers Destroy A Ford Explorer, ***WARNING, GRAPHIC LANGUAGE!***

    12/28/2010 4:44:43 PM PST · by Biggirl · 52 replies · 6+ views
    http://annem040359.wordpress.com/ ^ | December 27, 2010 | annem040359
    New York’s dumbest at their worse! ***WARNING, GRAPHIC LANGUAGE!*** From this gentleman’s window, he sees snow clearing efforts go really, really wrong. From the person who upload the video to YouTube:”City workers destroy a Ford Explorer trying to free a snowbound front-loader in Brooklyn Heights, New York after the storm of 2010. The crazy thing here….the vehicle WAS….wait for it….A NYC Dept of Buildings city owned vehicle. I went down, I know the owner, they are aware of the video and no police ever came. Hope that answers a lot of questions. Obviously some comments here in response are from...
  • The Press at War ___ The patriot reporter is passé.

    11/26/2006 12:45:04 AM PST · by Lorianne · 6 replies · 458+ views
    City Journal ^ | Autumn 2006 | James Q. Wilson
    We are told by careful pollsters that half of the American people believe that American troops should be brought home from Iraq immediately. This news discourages supporters of our efforts there. Not me, though: I am relieved. Given press coverage of our efforts in Iraq, I am surprised that 90 percent of the public do not want us out right now. Between January 1 and September 30, 2005, nearly 1,400 stories appeared on the ABC, CBS, and NBC evening news. More than half focused on the costs and problems of the war, four times as many as those that discussed...
  • Democrats hypocrisy on Bolton exposed

    05/04/2005 11:58:52 PM PDT · by smoothsailing · 19 replies · 789+ views
    townhall.com ^ | 05/05/05 | Joel Mowbray
    Democrats' hypocrisy on Bolton exposed Joel Mowbray May 5, 2005 Call it the tale of two confirmation hearings. Two of the four men most recently nominated to be the U.S. Ambassador to the United Nations found their candidacies challenged, though they could not have faced more different receptions.  Both men were supremely qualified, but the similarities end there. The divergent paths for each reveal Democrats' rabid partisanship and belies their claims that they oppose John Bolton on the grounds that character matters. Six years ago, Foreign Service veteran Richard Holbrooke was awaiting Senate confirmation.  As former a ambassador to Germany,...
  • Ford, BMW, Toyota Took Secret Government Money

    12/05/2010 8:47:58 AM PST · by null and void · 95 replies · 1+ views
    Jalopnik ^ | 12/5/10 | Justin Hyde
    In the depths of the financial collapse, the U.S. Federal Reserve pumped $3.3 trillion into keeping credit moving through the economy. It eventually lent $57.9 billion to the auto industry — including $26.8 billion to Ford, Toyota and BMW. The Fed on Wednesday was forced to reveal the identity of the companies it aided during the crisis, after contending to Congress that keeping their identities and the details of such lending secret was essential. Much of Wall Street, and corporate giants such as General Electric, Harley Davidson and McDonald's, took advantage of the Fed's help. We've done the math...
  • Ford Adding 1,800 Jobs to Build New Escape

    12/09/2010 11:41:43 AM PST · by re_tail20 · 41 replies
    Fox News ^ | Dec. 9, 2010 | AP
    Ford is the latest U.S. automaker to announce it is hiring again. Ford said Thursday it will add 1,800 workers at a plant in Louisville to build the Escape, the second best-selling small SUV in the U.S. after the Honda CR-V. The automaker is investing $600 million in the plant, which will be shut for a year while new equipment is installed so that Ford can build the Escape on a more fuel efficient car platform. The plant currently employs 1,100 people on one shift and has been building the Ford Explorer mid-size SUV since 1989. Production of the Explorer...
  • GM Going Public – Success Story?!?

    11/25/2010 8:11:23 AM PST · by OwenKellogg · 37 replies
    Federalist Papers 2 ^ | 11/24/2010 | Colonel Frank Ryan
    In November 2010, GM sold stock in a public offering. At the same time, the President announced that the tough decisions made during his administration were beginning to pay off. He also indicated that the “American taxpayers are now positioned to recover more than my administration invested in GM, and that's a good thing” I do not know whether to be amazed or appalled. First, contrary to popular administration folklore, GM did not survive bankruptcy. The name did but that is all that happened. A new company acquired the name and assets of GM and is now the company being...
  • Beloved police partner (Crown Vick) headed for retirement

    11/14/2010 10:37:47 AM PST · by llevrok · 45 replies · 1+ views
    Boston.Com ^ | 11/14/2010
    Medford police Officer Jason Montalbano loves his Crown Victoria, its bulk, its toughness, its engine’s quiet purr. He takes his police cruiser to the car wash at least three times a week. He dangles a yellow “Vanillaroma’’ scent tree from the console to mask the stench of stogies smoked by the overnight patrol officers. And sometimes, late at night when the city is quiet, Montalbano, the son of a cop, will take the 250-horsepower sedan out onto Interstate 93 and hit the gas until he is flying down the open road. Like his father and thousands of other officers across...
  • Ford adds race-ready TracKey to Mustang Boss 302, leaves no doubt about who's in charge

    11/12/2010 10:50:56 AM PST · by dangerdoc · 19 replies
    Engadget ^ | 11/12/10 | Tim Stevens
    The use of a second key to unlock extra potential in a vehicle isn't exactly new: Bugatti's mind-blowing Veyron has a special tumbler-tickler that will let it hit 253mph; the Segway PT offers different fobs for different speeds. But such high-tech foppery on a Mustang? Yes, Ford continues to impress as the domestic marque with the techiest toys, announcing that buyers of next year's Boss 302 can purchase an optional TracKey package, shown after the break. Take the standard black key and you'll have a rip-roaring, 444hp monster. Take the red key, though, and you'll see how fast that pony...
  • Terrorist Ayers Endorses Stewart/Colbert Rallies (as does Ayers ally Obama)

    10/27/2010 7:34:57 AM PDT · by kristinn · 25 replies
    Accuracy in Media ^ | Tuesday, October 26, 2010 | Cliff Kincaid
    When comics Jon Stewart and Stephen Colbert announced their rallies on the national mall scheduled for this Saturday, they may not have expected—or wanted—an endorsement from Weather Underground terrorist Bill Ayers. But Ayers told the Ford Motor Company-sponsored Green Festival in Washington, D.C. last Saturday that the event will be a needed respite from the “Alice in Wonderland” world of military domination of the planet and wars waged by the U.S. “empire.” The October 30 Stewart/Colbert rallies, dubbed “Restore Sanity” and “Keep Fear Alive,” are “worth attending,” Ayers said. Ayers’ wife, Bernardine Dohrn, once labeled a “violent maniac” by a...
  • Ford keeps rolling as net income jumps, debt eases

    10/26/2010 11:19:53 AM PDT · by mandaladon · 24 replies · 1+ views
    DEARBORN, Mich. (AP) -- Ford Motor Co. is on a roll. Its popular new cars and trucks are grabbing a bigger share of the U.S. market. It's about to erase a big portion of its health care debts. And Ford is adding a significant number of jobs for the first time in years. The news puts Ford, which has now turned profits for a year and a half, even further ahead of its Detroit rivals as the American auto industry slowly turns around. Ford said Tuesday its third-quarter net income rose 68 percent to $1.7 billion, or 43 cents per...
  • Academia Corrupts Free Enterprise

    10/14/2010 11:16:37 AM PDT · by Academiadotorg · 1 replies
    Accuracy in Academia ^ | October 14, 2010 | Malcolm A. Kline
    The danger of exposing academia and government to free enterprise is that the former will corrupt the latter. “Working with Georgia Institute of Technology (Georgia Tech) in Atlanta, Ford is continuing to develop innovative processes that will enable the company to maintain its commitment to reducing global water usage,” PR Newswire reports. “From 2000 to 2008, Ford reduced its global water use by 56 percent – or 9.5 billion gallons – as part of its goal to minimize the environmental impact of its facilities around the world.” “Economic development experts have stressed that water scarcity is quickly becoming a high-priority...
  • CANCELLED: The Five Auto Brands Lost to the Great Recession

    10/04/2010 10:57:11 AM PDT · by wrrock · 21 replies
    Car Dealer Review ^ | 10/4/2010 | CDR
    The great recession hit the automotive industry hard — so hard in fact — five famous auto brands ceased to introduce any more cars. Most of these brands were axed after Rick Wagoner, then CEO of GM, was asked to step down at the behest of the Obama administration (See: Government Forces Out Wagoner at GM). For many brand-loyalists, the fall of these brands represent a sad day — watch the videos for first hand testimony and interviews. VIEW THE FIVE CAR BRANDS...
  • 2011 Ford F-150 with EcoBoost puts down the power [modern V6 = V8 power + 23 mpg]

    09/23/2010 6:21:41 AM PDT · by wolf78 · 77 replies
    autoblog ^ | Sep 22nd 2010 | Jeremy Korzeniewski
    We're still a few days away from being able to share driving impressions of the 2011 Ford F-150 pickup and, more specifically, the Blue Oval's four new heavy-hauling powerplants for the '11 season. What we can share, however, are some pictures we snapped while Ford showed off what its truck was capable of. We're especially impressed with the latest application of Ford's EcoBoost technology. As you're already aware, the 3.5-liter twin-turbo powerplant puts down 365 horsepower and a more-than-ample 420 pound-feet of torque. What those black-and-white figures don't tell you, though, is how smartly the EcoBoost engine moves the full-size...
  • Here's Why Ford Is Surging And You Need To Take Notice

    09/19/2010 9:59:43 AM PDT · by SeekAndFind · 48 replies
    Business Insider ^ | 09/18/2010 | Benzinga
    Shares of Ford got a boost Thursday from CNBC's Jim Cramer, but they certainly didn't need it. Cramer mentioned them as worthy of being a buy candidate, but this is nothing new. Ford's stock has been nothing short of remarkable, since December 2008 when it was under $1 per share. Shares are currently over $12, a remarkable run for a company that many though would need to go into bankruptcy or need government help. Since dropping to under $1, Ford has done everything right. From cutting its massive debt load, getting products out to market, to making the company more...
  • UFO that drove woman off road 'was shaped like a Ford station wagon'

    09/10/2010 8:43:06 PM PDT · by rdl6989 · 62 replies · 1+ views
    news.com.au ^ | September 11, 2010 | Nick Calacouras
    <p>A NORTHERN Territory woman claims she was cut off by two alien beings in a spaceship shaped like a Ford station wagon - before it took off surrounded by green, blue and red flames.</p> <p>"It came in front of us really quickly."</p>
  • Who Owns Who: An Automaker Family Tree

    09/04/2010 10:01:03 AM PDT · by WaterBoard · 22 replies · 2+ views
    jalopnik.com ^ | August 2010 | Ray Wert
  • Ford's New Pickup Line: Like My Tough V-6?

    08/20/2010 7:25:36 AM PDT · by Responsibility2nd · 116 replies
    Wall Street Journal ^ | 08/18/2010 | Joseph B. White
    Are U.S. pickup truck buyers prepared to set aside their love affair with V-8 engines and climb into more fuel-efficient models instead? Ford Motor Co. is about to run a high-stakes test of this by promoting a high-tech, six-cylinder engine in its best-selling vehicle. This fall, Ford will introduce a 300 horsepower V-6 engine and a new six-speed transmission in its F-150 pickups—the No. 1 seller in a market where eight cylinders now rule. And for the first time, Ford will offer a V-6 in its popular crew cab model, which accounts for 60% of all F-150 sales, says F-150...
  • Caption Obama at Ford

    08/09/2010 9:34:45 AM PDT · by Lucky9teen · 29 replies
    President Barack Obama sits in the driver's seat of a 2011 Ford Explorer as he tours the Ford Motor Company Chicago Assembly Plant August 5, 2010. U.S. President Barack Obama greets employees as he tours the Ford Motor Company Chicago Assembly Plant August 5, 2010. Obama used the visit to highlight the turnaround in the U.S. motor vehicle manufacturing sector in the past year U.S. President Barack Obama sits takes a look at electric cars as he attends the groundbreaking of a factory for Compact Power Inc. in Holland, Michigan July 15, 2010. The completed factory will employ more than...
  • Obama Cripples Ford's Funding, Then Subsidizes It (O's finger in Ford now)

    08/06/2010 12:05:24 PM PDT · by Afisra · 28 replies
    American Spectator ^ | 08/06/10 | By John Berlau & Andrew Kwiatkowski
    ...Not mentioned by Obama, and not picked up in media coverage of the new $250 million loan, is a new regulatory measure signed into law by Obama just three weeks ago, which nearly stopped a $1 billion bond offering by Ford
  • Obama: I saved Ford by bailing out its competitors

    08/05/2010 5:15:17 PM PDT · by Nachum · 43 replies
    Washington Examiner ^ | 8/5/10 | David Freddoso
    They didn’t take his bailout money, but the president claims credit all the same: The year before I took office, this industry lost hundreds of thousands of jobs. Sales plunged 40 percent — 40 percent. When the financial crisis hit and this great recession hit, that collided with an industry that for a long time had put off some hard choices, had put off adapting to changing times. And we had to face a hard, unimaginable reality, which was two of the Big Three automakers — GM and Chrysler — were on the brink of liquidation.
  • Ford’s Idea: Pay More To Get Less

    08/03/2010 8:59:27 AM PDT · by TwoOverhill · 7 replies · 6+ views
    Palisades Hudson Financial Group LLC ^ | July 30,2010 | Larry M. Elkin
    Ford Motor Co. recently announced its new plan to spur interest in the redesigned 2011 Explorer: Ask customers to pay more to get less. The vehicle will come with a standard 3.5-liter V-6 engine with 290 horsepower, but, for a little extra, Ford will swap in a less powerful four-cylinder engine instead. This makes me wonder: Is there something in Detroit’s water that causes automobile executives make bizarre decisions?...
  • Why Ford sold Volvo to China for a 72% loss

    08/02/2010 6:23:26 AM PDT · by KingOfVagabonds · 52 replies · 8+ views
    Jalopnik ^ | August 2nd, 2010 | Ray Wert
    In 1999, Ford paid $6.5 billion for Volvo. Today, Ford sold Volvo to Zhejiang Geely Holding Group for $1.8 billion — a loss of over 72%.
  • Ford rises above the “Three Letters of Doom” with the 2011 Explorer.

    07/27/2010 9:06:53 AM PDT · by taildragger · 42 replies · 4+ views
    Auto Extremist ^ | 07/26/2010 | Peter M. De Lorenzo
    As Ford takes the wraps off the new 2011 Explorer today – with a stellar, multi-city “throwback” reveal combined with a social media offensive – it’s easy to see why they’re excited about it. The new Explorer is lighter, much better looking, safer, quieter, exhaustively equipped, technically sophisticated, dramatically more efficient and with light-years better driving dynamics thrown-in for good measure. In short, there is nothing about the 2011 version of the Explorer that bears any resemblance to the vehicle that came before it. The only thing the new vehicle shares with the old one is the name, which has...
  • Draft Alan Mulally (Ford CEO) for President 2012 on Facebook

    07/26/2010 11:06:12 AM PDT · by taildragger · 30 replies · 2+ views
    Facebook ^ | 6/26/2010 | Steve Burke
    Alan Mulally embodies the definition of American Exceptionalism. He has the unique ability to inspire a pride in America and American Products like few others. His message is simple: we live in the greatest country in the world and we can, and will, be the best in the world at everything we do. His determined and optimistic leadership has saved two Great American Companies and now it is time to ask him to take on the largest challenge of all. He is a innovator, engineer, businessman, and most of all a LEADER. "Mulally is living proof that a single, extraordinary...
  • Ford swings to $2.7 billion profit

    07/23/2010 5:03:41 AM PDT · by RayChuang88 · 51 replies · 1+ views
    CNN Money web page ^ | July 23, 2010
    NEW YORK (CNNMoney.com) -- Ford Motor earned $2.7 billion in the second quarter, reversing from an operating loss in the prior year's quarter and easily topping estimates. The automaker earned 68 cents a share, excluding special items. That compares to a loss of $638 million, or 21 cents a share, on the same basis in the year earlier quarter. The consensus forecast of analysts surveyed by Thomson Reuters was for earnings of 40 cents a share. Ford easily topped even the most bullish forecast of a 48 cent a share profit.
  • Financial Reform Meets First Huge Unintended Consequence As Ford Halts Bond Offering

    07/22/2010 10:44:59 AM PDT · by taildragger · 55 replies · 2+ views
    The Business Insider ^ | 6/21/2010 | Joe Weisenthal
    "Whenever you get new laws and "reform," unintended consequences are sure to follow. Usually they take awhile. Not so with Dodd-Frank. WSJ reports that Ford has already yanked a bond deal, because the ratings agencies, fearing legal liability, won't let the automaker puts their ratings in the prospectus, making a sale impossible. So did Dodd-Frank just kill the bond market? Well, probably not.. Regulators will likely find some way around this impasse, but it's still amusing to see the bill INSTANTLY slow down the gears of capitalism (or at least capital raising) as its fiercest critics might have suggested."
  • New pep, power for (refurbished) Lakewood cop cars (WA)

    07/20/2010 9:52:39 AM PDT · by llevrok · 28 replies · 1+ views
    The News Tribune (Tacoma WA) ^ | 7/20/2010 | Stacia Glenn
    Lakewood police are refurbishing some of their squad cars rather than buying new ones, a decision that could save the city $15,000 per upgraded car and help the vehicles handle better on the street. “For such a simple idea, it is really paying dividends,” said Assistant Police Chief Michael Zaro. “So far it’s been successful in saving us a lot of money, and we’re supporting a local business.” The department has about 60 Ford Crown Victorias patrolling the streets. About 30 could be eligible to be refurbished, depending on their mileage and wear. New models will replace the other cars...
  • Manufacturing Jobs Act, Ford incentives pass Missouri General Assembly

    07/15/2010 6:09:24 AM PDT · by Abathar · 3 replies
    Kansas City Business Journal ^ | Wednesday, July 14, 2010 | Suzanna Stagemeyer
    The Missouri Manufacturing Jobs Act, which includes an incentive package of as much as $100 million for Ford Motor Co., is headed to Gov. Jay Nixon. An initial bill had passed the House in late June, but stalled in the Senate, which passed its version of the bill 20-7 about 9:15 a.m. Wednesday after a filibuster attempt. The House then approved the Senate bill by a 101-40 vote, sending it to Nixon, who released a statement Wednesday afternoon supporting the initiative’s passage. “With the sharper, stronger economic tools provided by this jobs bill, Missouri can make sure that our automotive...
  • Tax Credits For Ford Are A Bad Deal For Taxpayers

    07/14/2010 10:31:48 AM PDT · by craigs2040 · 8 replies
    Everyone that knows me knows that I have a special place in my heart for Missouri politics. For us political junkies, there has been lots of excitement. At the end of June, Missouri Governor Jay Nixon called a special session to do two things. 1) Pass tax incentives to keep the Ford plant in Claycomo, Missouri and 2) reform Missouri’s state pension plan for future state employees. A 20+ hour filibuster against the $150 million tax credit proposal ended this morning in the Missouri Senate. I’m not a fan of corporate tax incentives. Ford has (not publicly, but to politicians)...
  • Update: The Ford Filibuster - 18 hours and still going (Missouri)

    07/14/2010 6:01:20 AM PDT · by Spydergoo · 4 replies
    Franklin County Patriots ^ | July 14, 2010 | Jedidiah Smith
    Chuck Purgason began the filibuster at noon yesterday on the Monster of a "Tax Incentive" bill that would take 150 Million of Missouri taxpayer dollars and hand it over to Ford Motor Company. The battle was joined by Senators Bartle and Goodman and is still ongoing. Live Feed here: http://senate.mo.gov/ (click on Live Debate - Senate)