Jan 27, 2006
CORPUS CHRISTI, Texas--Jan. 27, 2006-- First Firestone Tire/Explorer Legal Case to Ever be Successfully Tried to Verdict Since Firestone Tire Recalls in 1999 A landmark decision was handed down today by a jury in the 117th District Court, Cause No. 03-3353-B, Rose Marie Munoz vs. Ford Motor Company, et al, Nueces Count ... Continue reading
Ford Introduces Hybrid Research Vehicle That Can Run on Ethanol
Jan 25, 2006
WASHINGTON January 25, 2006; Ken Thomas writing for the AP reported that Ford Motor Co., extending its push into hybrid technology, said Wednesday it was the first automaker to develop a hybrid research vehicle capable of running on ethanol-based fuels. Ford was unveiling the Escape Hybrid E85 before journalists at the ... Continue reading
Quantum-Tecstar Forms New Company With Unique Performance to Produce Specialty Vehicles
Jan 25, 2006
IRVINE, Calif., Jan. 25 -- Quantum Fuel Systems Technologies Worldwide, Inc. today announced that its subsidiary, Tecstar Automotive Group, has formed a new company with Unique Performance (Unique) of Fort Worth, Texas to produce high-performance specialty vehicles. Under the terms of the agreement, Tecstar will own 50 ... Continue reading
Ford Announces Leadership Changes; Reduces Corporate Officer Ranks
Jan 24, 2006
* Stephen G. Lyons, 57, the Company's group vice president, North America Marketing, Sales and Service, is electing to retire, effective March 1. * Cisco Codina, 54, succeeding Lyons, is elected Ford Motor Company group vice president, North America Marketing, Sales and Service, effective March 1. * Darryl B. Hazel, 57 ... Continue reading
DaimlerChrysler Says It Will Cut 6,000 Administrative Jobs Over 3 Years
Jan 24, 2006
BERLIN January 24, 2006; David Mchugh writing for the AP reported that automaker DaimlerChrysler said Tuesday that it would reduce administrative staff by 20 percent over three years, cutting 6,000 jobs and saving some $1.2 billion a year in a bid to make the company more competitive and profitable. The company said in ... Continue reading
Jan 24, 2006
* Bill Ford: "Ford Motor Company was solidly profitable in 2005 and growing around the world. The next chapter in our history will be remembered for a renewed commitment to innovation and as the time we moved boldly to prepare Ford's North American business for global competition." * Comprehensive North American "Way F ... Continue reading
Fitch: Successful UAW Negotiations Vital for Ford upon Restructuring
Jan 23, 2006
CHICAGO--Jan. 23, 2006--Ford Motor Company has outlined a broad restructuring program in its efforts to restore profitability and positive, sustainable cash flow to its core North American automotive operations. The plan incorporates a substantial reduction in capacity in order to better align capacity with existing de ... Continue reading
Ford: How Layoffs Can Improve Performance, Not Just Cut Costs
Jan 23, 2006
Jeff Cooper, Senior Business Consultant for Authoria, Offers Five Suggestions on How Large Organizations Can Cut Staff Strategically WALTHAM, Mass., Jan. 23 -- Today, Ford announced that it will eliminate up to 30,000 jobs and close as many as 14 factories in North America to overhaul the company's culture and create a ... Continue reading
UAW Statement on Ford Restructuring Plan
Jan 23, 2006
DETROIT, Jan. 23, 2006; UAW President Ron Gettelfinger and Vice President Gerald Bantom, who directs the UAW National Ford Department, issued this statement on the restructuring plan announced today by Ford Motor Co. "The restructuring plan announced this morning by Ford is extremely disappointing and devastating news ... Continue reading
Ford Plan - Cut 30,000 Workers
Jan 23, 2006
DETROIT, Jan 23, 2006; Reuters reported that Ford Motor Co. said it will cut 25,000 to 30,000 jobs in North America and idle 14 manufacturing facilities through 2012, hoping to turn around the money-losing unit. The sweeping restructuring plan also calls for reducing capacity by 1.2 million units, or 26 percent, by 200 ... Continue reading
Paper Says Ford to Drop 1,700 Suppliers
Jan 23, 2006
FRANKFURT, Jan 23, 2006; Reuters reported that Ford Motor Co intends to cut the number of its suppliers around the world to around 800 over the next few years from about 2,500 now, industry paper Automotive News reported on Monday. That would be a bigger drop than originally planned by Ford, which has said in the past ... Continue reading
Ford Motor Credit Earns $2.5 Billion In 2005
Jan 23, 2006
Fourth Quarter Earnings of $465 Million Reported DEARBORN, Mich., Jan. 23 -- Ford Motor Credit Company reported net income of $2.5 billion in 2005, down $370 million from earnings of $2.9 billion a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $3.9 billion in 2005, down $570 mill ... Continue reading
Index of Global Ford Auto Plants
Jan 23, 2006
Click on a region below to view Ford facilities for that region Assembly Plants Atlanta Assembly Plant AutoAlliance (Thailand) Co., Ltd. Chicago Assembly Plant Cuatitlan Assembly Plant Dearborn Truck Plant Ford India Private Limited Ford Malaysia Sdn. Bhd (Joint venture - 49% Ford/51% Tractors Malaysia) Ford Motor Comp ... Continue reading
Plant Closings and Job Cuts Loom As Ford Motor Co. Embarks on Restructuring Plan
Jan 23, 2006
DETROIT January 23, 2006; Dee-Ann Durbin writing for the AP reported that Ford Motor Co. employees are bracing for thousands of jobs cuts in North America as the company embarks on a new restructuring plan. Ford was set to announce details of the plan Monday morning in Dearborn, Mich., home of the 103-year-old automake ... Continue reading
Green Car Advocates Respond to Ford’s Announcement that Worker Layoffs is “The Way Forward”
Jan 22, 2006
Reports indicate that going green would create more jobs for the auto industry. SAN FRANCISCO - Green car advocates expressed astonishment today that Ford Motor Company considers mass worker layoffs to be “the way forward” that will pull the company out of its current financial slump. “Instead of pled ... Continue reading
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