Ford sales drop puts pressure on dealer network
Sep 21, 2006
DETROIT, Sept 21, 2006; Reuters reported that Ford Motor Co.'s factory closings and workforce reductions have highlighted another costly legacy from its boom years -- too many dealerships. As it grapples with a decade of market share losses, Ford expects to cut the number of U.S. dealerships representing its brands by ... Continue reading
2007 Ford Edge Will Debut Under $26,000; Crossovers Poised to Become Industry's Largest Segment
Sep 21, 2006
* All 2007 Ford Edge models feature standard side curtain air bags, AdvanceTrac(R) with RSC(R), best-in-class 265 hp 3.5-liter V-6 engine and fuel-saving 6-speed transmission. * Front-drive models to begin under $26,000, including destination, with all-wheel drive available for less than $28,000. * Paced by new entries ... Continue reading
OVERVIEW FORD BRINGS NEW EDGE TO HOT CROSSOVER MARKET
Sep 21, 2006
OVERVIEW FORD BRINGS NEW EDGE TO HOT CROSSOVER MARKET Bold, American design: Ford Edge stands out in fast-growing CUV market Performance-plus: Edgeâs new 3.5-liter V-6 delivers 265 horsepower and is mated to a 6-speed automatic for performance and fuel efficiency Innovation: MP3-player jack, console laptop storage ... Continue reading
Aston Martin CEO Wants To Buy Company
Sep 20, 2006
FRANKFURT September 20, 2006; Reuters reported that the head of sportscar maker Aston Martin, owned by Ford, said the carmaker is likely to be sold before the end of the year and that he wants to buy it, according to a German media report. In an article to be published on Thursday, Ulrich Bez told the Frankfurter Allge ... Continue reading
Ford Excercises Rights for Rover Brand Name
Sep 18, 2006
FRANKFURT, Sept 18, 2006; Reuters reported that Ford Motor Co will exercise its right to buy the Rover brand name from German premium carmaker BMW, a spokesman for Ford's Premier Automotive Group (PAG) said on Monday. "We feel it is in interests of our Land Rover business to have the Rover brand," the spokesman said, a ... Continue reading
Ford Looks to Cut 600 Dealerships Over Three Years
Sep 18, 2006
Washington DC September 18, 2006; The AIADA newsletter reported that Ford is aiming to eliminate up to 600 Ford, Lincoln, and Mercury dealerships over three years through its store consolidation plan. The automaker is offering some dealers up to $300,000 in financial aid to encourage dealership mergers as a way of stre ... Continue reading
Product is Job Number One at Ford
Sep 18, 2006
DETROIT September 17, 2006; Jui Chakravorty writing for Reuters reported that the recovery of Ford Motor Co. -- even with plans to cut 45,000 jobs, close 16 factories and save $5 billion -- hinges on a deceptively simple solution: it has to build cars people want to drive, analysts said. "They have a lot of work ahead ... Continue reading
Special: Attn Ford Employees ; Think hard before you accept a buyout
Sep 17, 2006
Detroit September 15, 2006; Susan Tompor writing for the Detroit Free Press reported that thousands of UAW workers at Ford Motor Co. will wake up today wondering whether they should grab the money and go. Do they opt for one of several complicated buyout and early retirement offers? Or do they stick around at Ford? Bef ... Continue reading
Farmers Insurance Group of Companies Announces Hybrid Vehicle Discount in Kansas
Sep 17, 2006
LOS ANGELES--Sept. 14, 2006--The Farmers Insurance Group of Companies, the first U.S. insurer to offer an insurance discount to customers who own a hybrid or alternative fuel vehicle, announced today it will offer the discount in Kansas effective September 1, 2006. The discount amount will be 10% for auto customers in ... Continue reading
Ford Cuts 10,000 More Salaried Jobs, 2 Plants, Suspends Dividend in Bid to Cut Costs
Sep 16, 2006
DETROIT September 16, 2006;Tom Krisher writing for the AP reported that -- Ford is putting its "Way Forward" restructuring plan on fast forward. Eight months after the automaker unveiled its original plan to become a smaller, more competitive company, Ford Motor Co. announced Friday that it will slash thousands of jobs ... Continue reading
Ford Puts Manor Auto Service In The Race
Sep 16, 2006
DEARBORN, Mich., Sept. 15 -- Ford Customer Service Division has put Manor Auto Service on the #21 Motorcraft(R) Fusion for this weekend's Sylvania 300 at New Hampshire International Speedway. As part of its national "When It Fits, You Win" Sweepstakes, Ford has selected Curt and Sandy Svoboda, owners of Manor Auto Serv ... Continue reading
Sep 15, 2006
Washington DC September 15, 2006; The AIADA newsletter reported that Ford Motor Co. announced plans this morning to further reduce its capacity and work force and ramp up new product introductions as it accelerates its North America "Way Forward" turnaround plan. Under the revised plan, operating costs will be reduced ... Continue reading
Key Elements of Ford's Way Forward Accelerated Restructing
Sep 15, 2006
Dearborn MI September 15, 2006; Reuters reported on the Ford "Way Forward" plan:<p> -- Ford will cut its North American salaried work force by about a third, or 14,000, including 4,000 positions already eliminated in the first quarter. -- Ford will offer buyout packages to all 75,000 Ford and Automotive Components Hold ... Continue reading
Ford North America "Way Forward" Plan Accelerated
Sep 15, 2006
DEARBORN, Mich., Sept. 15, 2006 â Ford Motor Company today announced plans to further reduce its capacity and work force, and ramp up new product introductions as it accelerates its North America âWay Forwardâ turnaround plan. Ford will cut its North American salaried-related work force by about a third ... Continue reading
Ford to Offer 75,000 Workers Buyouts
Sep 15, 2006
DETROIT, Sept 14, 2006; Poornima Gupta writing for Reuters reported that Ford Motor Co. will offer buyout packages of up to $140,000 to all of the more than 75,000 workers at its U.S. plants, the United Auto Workers union said on Thursday, a day before the automaker details a revised turnaround plan in response to slum ... Continue reading
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