Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program, a reduced cost structure and problems at its U.S. rivals.
No city in America has been more entwined with the fortunes of a single industry as Detroit with autos. The nicknames "Motor City" and "Motown," coined years ago, have stuck for good reason.
Ford Motor Co. reported a net profit in the second quarter thanks to efforts to reduce its debt. But the company posted another operating loss during the second quarter due to a continued slump in sales.
With General Motors' Chapter 11 filing, Ford Motor stands alone among Detroit's Big Three in dodging a shareholder-crushing government bailout. If the car market continues to slide, that may be a short-lived accolade. If not, it's a testament to the carmaker's hard work, smart financial planning and competent management.
Alan Mulally is in my face - again. In fact, he has barely left it for the past two hours. He has taken me through the thick loose-leaf binder he assembled for my interview and shown me another five binders filled with interviews he did upon taking the CEO job at Ford, along with research material and personal notes.
Ford Motor Co. announced Monday a plan to sell 300 million shares of its common stock in a public offering to help meet funding requirements for retirees' health benefits.
Ford Motor said Wednesday it will spend $550 million to convert a plant, which previously produced trucks and SUVs, into a "green" manufacturing complex and build small, fuel-efficient and electric cars.
Ford Motor reported a narrower-than-expected loss for the first quarter Friday, and its CEO said he is confident the company will not need the same kind of federal bailout that is keeping its U.S. rivals alive.
Ford Motor reported that its ongoing losses soared in the fourth quarter, but the company reiterated it still does not need the federal bailout already received by its two U.S. rivals.
It looks like the annual Detroit auto show won't be the wake next week that everybody is expecting.
Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program, a reduced cost structure and problems at its U.S. rivals.
No city in America has been more entwined with the fortunes of a single industry as Detroit with autos. The nicknames "Motor City" and "Motown," coined years ago, have stuck for good reason.
Ford Motor Co. reported a net profit in the second quarter thanks to efforts to reduce its debt. But the company posted another operating loss during the second quarter due to a continued slump in sales.
With General Motors' Chapter 11 filing, Ford Motor stands alone among Detroit's Big Three in dodging a shareholder-crushing government bailout. If the car market continues to slide, that may be a short-lived accolade. If not, it's a testament to the carmaker's hard work, smart financial planning and competent management.
Alan Mulally is in my face - again. In fact, he has barely left it for the past two hours. He has taken me through the thick loose-leaf binder he assembled for my interview and shown me another five binders filled with interviews he did upon taking the CEO job at Ford, along with research material and personal notes.
Ford Motor Co. announced Monday a plan to sell 300 million shares of its common stock in a public offering to help meet funding requirements for retirees' health benefits.
Ford Motor said Wednesday it will spend $550 million to convert a plant, which previously produced trucks and SUVs, into a "green" manufacturing complex and build small, fuel-efficient and electric cars.
Ford Motor reported a narrower-than-expected loss for the first quarter Friday, and its CEO said he is confident the company will not need the same kind of federal bailout that is keeping its U.S. rivals alive.
Ford Motor reported that its ongoing losses soared in the fourth quarter, but the company reiterated it still does not need the federal bailout already received by its two U.S. rivals.
It looks like the annual Detroit auto show won't be the wake next week that everybody is expecting.
The chief executives of Ford and GM joined their Chrysler counterpart Tuesday in agreeing to accept salaries of $1 a year if Congress comes through with a bailout for the automakers.
Ford Motor reported a $3 billion quarterly operating loss on Friday and said it would reduce staff and capital spending in order to preserve its dwindling cash.
The case for a bailout of U.S. automakers came under sharp scrutiny on Tuesday at a congressional hearing that portrayed the Big Three as both short-sighted in their business strategies and central to the economy.
Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money.
Ford Motor Company chief executive Alan Mulally defended his company Tuesday against charges that Ford caused its own problems and said bailing out Detroit was essential to the U.S. economic recovery.
Ford Motor Co. announced plans to transform its vehicle lineup on Thursday and reported the largest quarterly loss in its 105-year history.
Bets are running high that next week's report on June sales for the Big Three automakers will be horrible - down as much as 25%. Shares in General Motors and Ford have fallen sharply as the companies whack tens of thousands of pickups and SUVs out of their production schedules to keep inventories under control.
It appears that the prospect of $4 gas finally has Americans getting serious about fuel economy.
Ford Motor Co. executives say they believe that $4 gas is here to stay, resulting in a fundamental consumer shift away from gas-guzzling SUVs and pickups and causing continued losses at its core North American auto unit.
Ford Motor Co. no longer expects to return to profitability by 2009 and is cutting North American production of pickups and SUVs for the rest of this year
Billionaire financier Kirk Kerkorian announced Monday that he's offering $170 million for 20 million shares of Ford Motor Co., which - combined with the 100 million shares he purchased earlier this month - would boost his stake in the automaker above 5%.
Black ink is always better than red ink, and Alan Mulally and his team at Ford Motor should pat themselves on the back for their first-quarter performance. They can thank strong results overseas combined with aggressive cost cuts at home that were sufficient to overcome a turbulent global economy and especially poor auto sales in the United States.
Ford Motor Co. surprised Wall Street on Thursday with a $100 million profit in the first quarter as strong results from Europe and South America helped offset the impact of a slumping U.S. economy that cut car and truck sales in its main market
What makes a Ford a Ford? The question is simple, and a 105-year-old company should know how it wants its cars to look, feel, and drive: the resistance in the steering wheel, the spring in the seats, the rumble from the exhaust. But Ford is still struggling to find an answer. So on a blustery spring morning, CEO Alan Mulally and 25 top executives from the United States and Europe meet at a test track near company headquarters in Dearborn, Mich., to tease that question out, one component at a time.
In recent months, life seemed to have returned to near-normal at Ford Motor. New CEO Alan Mulally had settled in after 18 months in the job, and the company was well along executing his major objective: integrating the company's global operations.
As most economic indicators continue to flash yellow - and occasionally red - a vigorous debate is unfolding about how far auto sales will fall this year.
With one full year under his belt, Ford CEO Alan Mulally can point to a lot of progress in pulling the automaker back from the brink. But a look at Ford's financial results, as well as some comments that Mulally himself has made in the past few days, shows he still has lots of unfinished business to take care of.
Ford CEO Alan Mulally met with a group of reporters in Detroit earlier this week and, based on reports in the local papers, he was not very encouraging.
U.S. stocks futures drifted Wednesday morning, ahead of some key economic readings and comments by Federal Reserve Chairman Ben Bernanke.
Embattled automaker Ford Motor trimmed losses in the third quarter to post near-break even operating results, despite a sharp drop in U.S. sales in the period.
James Farley, group vice president and general manager of Toyota's Lexus luxury division, is leaving the company to join Ford as head of that company's marketing efforts around the world.
Ford Motor may seek deeper cost cuts from the United Auto Workers union than those that the union granted to General Motors, according to a published report.
Ford CEO Alan Mulally became the latest high-profile business executive to suggest that the Federal Reserve needs to cut interest rates, according to a report published Friday.
Ford Motor Co. Chief Executive Alan Mulally said the No. 2 U.S. automaker was on track to return to profitability in 2009 despite a forecast for weaker industry sales in 2007.
For weeks, Chrysler watchers have been wondering what, exactly, Cerberus would be bringing to its new acquisition. What did the sharp pencil guys in New York know about the auto business that Chrysler's own seasoned American executives - not to mention the Germans at Daimler - didn't?
Ford Motor drove well past forecasts Thursday as it reported an unexpected second-quarter profit, helped by gain in its overseas auto operations.
Ford Motor Co said Monday it would test a fleet of rechargeable hybrids with utility Southern California Edison in a partnership that environmental advocates said underscores the growing interest in vehicles capable of running with little gasoline.
On a fact-finding mission to learn more about the auto business, Alan Mulally, the new CEO of Ford Motor, traveled to an old drag strip in East Haddam, Conn., to see how Consumer Reports tests cars...
From a journalist's perch, it's deliciously easy to critique the auto industry. Even when presented with technological high-water marks, a writer is often measured, according to other car reviewers...
There is internal dissent within the Ford family about the future of its stake in Ford Motor, as some members recently pushed to hire top Wall Street dealmakers to advise them on their holdings in the troubled automaker, according to a published report.
Ford Motor lost less money than expected in the first quarter. The troubled automaker said Thursday that it's making progress in its turnaround plans but still faces many uncertainties.
Lee Iacocca, author of "Where Have All the Leaders Gone?"
Your third book, due out this month, is about the state of American leadership. How is Detroit doing on that score?
Struggling Ford Motor Co., which posted a record $12.7 billion net loss in 2006, gave its new CEO Alan Mulally $28 million for four months on the job, according to the company's proxy statement filed with the Securities and Exchange Commission Thursday.
Embattled Ford Motor Co. will give bonuses to most of its workers despite posting a record $12.7 billion loss last year as it tries to improve morale in the middle of a downsizing.
Alan Mulally, former Boeing executive who became Ford Motor CEO in September, is about get a new perspective on his company's sales problems: a dealers' showroom.
Ford Motor Co. reported the largest annual loss in company history Thursday. The embattled automaker also posted a fourth-quarter loss that was worse than analysts' expectations and warned of worse showings ahead.
Ford CEO Alan Mulally said the company needs painful concessions from the United Auto Workers union, but not an alliance with rival Toyota Motor, to complete its turnaround efforts, according to published reports.
U.S. stocks looked poised to follow overseas markets sharply higher at the start of trading Wednesday as the end-of-the year rally shows no sign of ending early.
Stocks looked poised Friday to build on a record-high close for the Dow after a key inflation report showed no rise from the previous month.
When automakers fall on hard times, a string of ugly events commences that leads the company into a downward spiral. Slowing sales lead to loss of morale and faith in the company, which cause dealers to defect and talented people to leave, which in turn produces delays in new product programs that, of course, drive sales further south.
2006 was a year of surprises in the auto industry - most of them bad.By Alex Taylor III, Fortune senior editor
Top executives from General Motors, Ford and Chrysler got their meeting with President Bush Tuesday, and while they left saying they were pleased by the talks, they also left without any firm pledges of help from the administration.
Right after his company's staggering $5.8 billion third-quarter loss, new Ford Motor CEO Alan Mulally came to New York to present himself to automotive analysts and business journalists for the fir...
The auto business is a product business, but you are an airplane guy, not a car guy. How can you help out in the new model development that is so vital to Ford's health.
Okay, this is getting a little ridiculous, right? Gettin' a little giddy. Ten new highs on the Dow in the last 15 sessions? And now I see some forecasters saying: "Oh, the market's not too high, it's going up more." That to me says TOP!
Ford said on Monday that its net loss widened to $5.8 billion in the third quarter - its worst quarterly performance in 14 years - as it took a hit from costs related to the restructuring of its key North American business.
Coming into the auto industry after years of making airplanes, new Ford chief Alan Mulally has a lot to learn about cars and not much time to do it. Business really stinks at Ford, which recently a...
Alan Mulally is already shaking up management practices at Ford, according to a report published Friday.
Bill Ford finally joined the club just before Labor Day weekend. That's when he became the latest chief executive of a giant corporation to cop publicly to the most fundamental and alarming of busi...
By coming into the auto industry after years of making airplanes, new Ford chief Alan Mulally has a lot to learn about cars and not much time to do it. Business really stinks at Ford, which recently announced that it's offering buyouts to all its 75,000 UAW members and cutting its North American salaried workforce by one third.
As he finishes his first full week as CEO of Ford, Alan Mulally may be wondering what he got himself into. The rumble of bad news never seems to stop.
Two months ago, excitement swirled in the auto industry and on Wall Street about prospects for General Motors joining an alliance with Nissan and Renault.
Years from now, Ford will probably look back on 2006 just as fondly as it does on its failed Edsel.
Challenger, Gray & Christmas, Inc. reported that CEOs are exiting companies at a record pace this year, with 960 departures through August.
Ford Motor Co. could announce a new round of salaried job cuts as soon as Friday, according to a published report.
Stocks slumped Wednesday morning after a jump in a key measure of inflation in the morning's second-quarter productivity report revived worries about the economy.
Stocks slipped Wednesday morning after a key measure of inflation in the morning's reading on second-quarter productivity revived concerns about the economy.
The news that Bill Ford is stepping down as CEO of the company his great-grandfather founded is not surprising. Ford has been searching for someone to run the world's third largest automaker for more than a year and has publicly confessed that at times he felt overwhelmed by the job.
Ford Motor Co. Tuesday surprised the auto industry by tapping senior Boeing executive Alan Mulally as its new chief executive officer, succeeding current CEO Bill Ford, who will stay on as chairman.
Forget big metal birds of steel, the aircraft of the future will be constructed out of non-metal materials.
Boeing has unveiled the world's longest-flying plane, the 777-200LR Worldliner, a jet that will be able to fly nonstop from London to Sydney.
When Boeing publicly unveiled an artist's rendering of the Sonic Cruiser 21 months ago, the company bragged that its new plane "will change the way the world flies." Capable of transporting 225 pas...
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