Latest Ford Motor Co. Stories
New federal legislation pressuring states to ban texting while driving as a way to reduce dangerous driver distractions was backed by Ford Motors on Thursday, The Associated Press reported.Ford safety executive Sue Cischke released a statement citing research that shows drivers who take their eyes off the road for extended periods increase the risk of accidents "“- which includes drivers who send text messages on hand-held devices while behind the wheel.Sen. Charles Schumer, D-N.Y. and Rep....
U.S. auto giant Ford Motor Co. said Friday it would close out production of the Crown Victoria police car from an Ontario, Canada, plant in 2011. Ford told members of the Canadian Auto union it had no replacement planned for the Crown Victoria, the Detroit Free Press reported Friday. The St. Thomas Assembly Plant in Ontario also produces Mercury Grand Marquis and Lincoln Town Car models. Ford spokesman Robert Parker declined to elaborate on the company's plans for the popular police vehicle....
Ford Motor Co. announced it will build electric cars in the near future that can "talk" to power grids across the country, letting car owners control when and how they charge vehicles, The Associated Press reported.Ford said on Tuesday it hopes that its two-year partnership with 10 utility companies and the Department of Energy on the systems design will create a stronger interest in alternative energy vehicles.Next year Ford will release its first battery electric vehicle, the...
Ford Motor Co. said it would ramp up production by 150,000 U.S. cars this year as sales have surged due to the U.S. Cash for Clunkers program. Under the cash for clunkers program, the Ford Escape and Focus are flying off dealer lots, said Mark Fields, who directs Ford marketing in the Americas. Ford said it would increase production by 10,000 vehicles in the third quarter and 140,000 in the fourth, compared to production figures from a year ago, The New York Times reported Thursday. Across...
EDISON, N.J., Aug. 7 /PRNewswire/ -- An appeals court last week upheld a product liability verdict against Ford Motor Co. for $8 million in compensatory damages and $42,050 in punitive damages, despite the plaintiff's contention that the award was lopsided because Ford's lawyer was allowed to tell jurors about the carmaker's financial straits and layoffs. A Middlesex County jury found that a defective throttle on a 1997 Ford Explorer caused the rollover accident that left Rebekah Zakrocki...
Sources close to the deal making said Chinese automaker Geely Automotive Holding is assembling a bid to purchase Volvo Cars from Ford Motor Co. The bid for the Swedish car company will include a consortium of interests, including an undisclosed investor from Sweden, The Local reported Thursday. Former Volvo Chairman Pehr Gyllenhammar is assisting British investment bank Rothschild to help Geely present its case as a viable bidder, the newspaper said. The plan includes building up market...
Ford Motor Co. launched its all-new 2010 Taurus in Chicago Tuesday, turning to the recently revived nameplate to provide a boost to U.S. auto sales. The Taurus was in production from 1986 until 2007, WBBM-TV, Chicago, reported. Its resurrection represents a victory for the brand and for the state-of-the-art Ford plant on Torrence Avenue in Chicago, Ford workers said. This is our flagship vehicle for Ford Motor Company, so obviously, that helps the Chicago assembly plant, said plant manager...
Ford Motor Co. said Monday it notched its first monthly sales increase in nearly two years, backed by an 18 percent rise in sales of smaller cars.Ford's sales accelerated with promotions focused on the government's cash-for-clunkers program, which provided as much as $4,500 for buyers who traded up in terms of mileage efficiency.Sales of small cars, including crossover vehicles, rose substantially, while sales of trucks and sports utility vehicles also shifted 18 percent -- but the shift in...
CHICAGO, Aug. 3 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for F, APA, OSK, HANS, and STD. Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/080309A (Note: You may have to copy this link into your browser then press the [ENTER] key.) Today's PriceWatch Alerts cover the following stocks: Ford Motor Co. (NYSE: F), Apache Corp. (NYSE: APA), Oshkosh Corporation (NYSE: OSK), Hansen Natural Corporation (Nasdaq: HANS), and Banco...
Ford Motor Co. Chief Executive Officer Alan Mulally says he has no intention of retiring before the U.S. carmaker retuns to full-year profitability. As long as I'm contributing, I'm honored to serve Ford, Mulally told The Detroit News Thursday. Deflecting some of the spotlight that has given him star status on Wall Street, Mulally said he was one person on a fabulous team. Ford, the only large U.S. automaker to avoid filing for bankruptcy this summer, posted a profit of $2.3 billion in the...
