Ford

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Detroit Bailout Proposals: Disappointing, Incomplete

Chrysler, GM offer no plans to get people to buy their cars

(Newser) - GM and Chrysler now want another $22 billion from Washington—and propose to use dramatic job cuts to help right their respective ships. What both companies avoid, writes economist Susan Helper for the New Republic, is an appraisal of the real problem: Nobody wants to buy their cars. Rather than...

Auto Sales Off Again: GM 49%, Ford 40%, Toyota 32%

Double-digit US losses expected to continue

(Newser) - Three automakers said today their US light-vehicle sales plummeted again in January: General Motors fell 49%, Ford 40% and Toyota 32%. It’s an abysmal start to 2009 for the industry as sales to fleet buyers like rental car companies weighed down the results. Chrysler and other automakers also are...

Stocks Retreat After Rally
 Stocks Retreat After Rally 
MARKET Open
Jan 29, 2009 8:44 AM CST

Stocks Retreat After Rally

(Newser) - Stocks sank at the open today as investors cashed in after yesterday’s rally. The Dow lost 90 points, while the Nasdaq and S&P both dipped 1.4%. The day’s economic data was negative as usual: Continuing jobless claims rose 159,000, orders for durable goods dropped 2....

Just What Is an 'American' Car?
 Just What Is an 'American' Car? 
Analysis
Jan 26, 2009 11:02 AM CST

Just What Is an 'American' Car?

As automakers expand globally, just what helps US economy most?

(Newser) - Lawmakers hoping to give a boost to the American economy by investing in the auto industry might get as much bang for their buck by sinking money into Honda or Toyota as they would Ford, Chrysler, or General Motors, the Wall Street Journal notes. The auto industry has become too...

US Choice: Put Money in Startups or Big Three

Tesla needs aid for new electric sedan

(Newser) - Small upstart Tesla wants to build on the success of its bold electric sports car—the pricey Roadster—by building a tamer sedan for the masses. But to do so, it needs a big infusion of cash from the Obama administration, which is looking to boost clean energy. The situation,...

Ford, Hyundai Win Top Wheels Honors
Ford, Hyundai Win
Top Wheels Honors
Jan 12, 2009 1:53 AM CST

Ford, Hyundai Win Top Wheels Honors

Ford F-150, Hyundai Genesis named top 2009 vehicles

(Newser) - Here's some good news for ailing Detroit: The redesigned Ford F-150 was named North America's Truck of the Year yesterday by a team of journalists who preferred its design, handling, drive and value to the other finalists, the Dodge Ram and Mercedez ML320. Korean automakers clinched their first victory...

Companies Fly to Unload Private Planes

Putting jets on block may be more about image than money

(Newser) - The business-jet industry couldn’t have asked for worse PR than members of Congress ripping auto executives for traveling by company plane to beg for taxpayer money. By the time the Big Three execs returned—by hybrid car—to Washington, the corporate jet was a symbol of bloated corporate excess,...

Auto Sales Take a Drubbing in December
Auto Sales
Take a Drubbing in December
UPDATED
Jan 5, 2009 1:28 PM CST

Auto Sales Take a Drubbing in December

Chrysler off 53%; GM, Ford, Toyota, Honda all down more than 30%

(Newser) - Chrysler's sales were off 53% in December compared to the same time last year, the Wall Street Journal reports today, with Ford's off 32% and General Motors down 31%, further indicating a steep decline in US demand for cars. Foreign makers took an even harder hit last month: A 35%...

Ford Buffs Green Image With Fusion
 Ford Buffs 
 Green Image 
 With Fusion 
OPINION
Jan 5, 2009 8:34 AM CST

Ford Buffs Green Image With Fusion

The highly anticipated hybrid will start appearing at dealerships this spring

(Newser) - Ford’s 2010 Fusion hybrid will debut this spring with an EPA rating of 41mpg city and 36mpg highway, writes Joseph White in the Wall Street Journal, but reaching those underwhelming numbers could be a tough ride for most consumers. Complicating Ford's tough sell are anemic gas prices, writes White,...

Ford to Offer Self-Park Cars; Kerkorian Sells Stake

New Lincoln MKS models will park themselves in effort to woo car buyers

(Newser) - Ford plans to offer two models with a self-parking function at the Detroit auto show next month, the Wall Street Journal reports, in the continuing effort to woo buyers with new technology. But  the company's image among investors remains tarnished, as billionaire Kirk Kerkorian confirmed yesterday that he sold his...

Dow Falls 100 on Gloomy Data
 Dow Falls 100 on Gloomy Data 
MARKETS
Dec 23, 2008 3:20 PM CST

Dow Falls 100 on Gloomy Data

GM, Ford fall on ratings downgrades

(Newser) - Stocks fell today amid light holiday-week trading as reports on housing and the economy reminded investors how horrid the year has been, the Wall Street Journal reports. The Dow closed down 100.28 points to close at 8,419.49. The Nasdaq fell 10.81 points to close at 1,...

Ford Scores PR Cred by Declining Bailout Cash

By not begging to feds, but supporting Detroit mates, company well positioned

(Newser) - Ford’s decision not to take any of the $17.4 billion in bailout cash granted General Motors and Chrysler is paying the company public-relations dividends that could translate into cash in its showrooms when the economy recovers, Advertising Age reports. It was also a good move, analysts say, to...

This Ain't Charity: Detroit Must Win Consumers Back

Americans will get back on board if auto giants prove they can make good cars again

(Newser) - With a $17.4 billion bailout in hand, Detroit must now turn toward restructuring and making the cars America needs, Mark Phelan writes in the Detroit Free Press. “To win back American buyers’ respect,” Phelan continues, “the automakers must show the aid package was a sound investment,...

White House Gives Automakers $17.4B Bailout

(Newser) - President Bush rolled out a $17.4 billion emergency loan package for US automakers today, promising $13.4 billion in immediate short-term loans from the remaining TARP funds and an additional $4 billion available in February, MSNBC reports. But the clock is ticking, as the companies must show they are...

GM, Chrysler May Win Loan Deal as Soon as Today

Talks on Thursday brought automakers nearer to bailout, sources say

(Newser) - In a round of talks running into the night, GM and Chrysler made headway in securing emergency loans from the federal government yesterday, Reuters reports; the package, expected as soon as this morning, would demand wholesale restructuring of the automakers, including more concessions from unions and creditors. The talks continued...

3 Detroit Finalists Up for Car, Truck of Year

Ford, Chrysler vehicles face off against three foreign competitors

(Newser) - Three Detroit-made vehicles are among six finalists for the 2009 North American Car and Truck of the Year awards, the Detroit News reports. The Ford Flex will compete with the Hyundai Genesis and the Volkswagen Jetta TDI for the year's best car, while the redesigned Ford F-150 and Dodge Ram...

US Tech Firms Get Together on Car Battery

14 companies want $1B from feds to help catch Asian rivals

(Newser) - Fourteen US technology companies are joining forces to speed development of electric car batteries, asking for $1 billion in federal aid to help catch up with Asian firms that have a long lead, reports the Wall Street Journal. Electric vehicles are now considered so important to help wean the US...

Why Asian Automakers Don't Want Detroit to Fail
Why Asian Automakers Don't Want Detroit to Fail
ANALYSIS
Dec 16, 2008 11:01 AM CST

Why Asian Automakers Don't Want Detroit to Fail

Big Three bankruptcy would disrupt supply chain, further sour US economy

(Newser) - As Detroit’s Big Three await word on the fate of their much-needed bailout, an unlikely group of supporters has assembled in their corner: foreign automakers. A collapse of General Motors, Ford, or Chrysler would devastate overseas manufacturers as well, CNNMoney reports, spreading bankruptcy to suppliers around the globe and...

Detroit Failure Could Spark 'Economic Chaos'
Detroit Failure Could Spark
'Economic Chaos' 
ANALYSIS
Dec 13, 2008 9:17 AM CST

Detroit Failure Could Spark 'Economic Chaos'

Analysts warn that letting automakers sink will have impact across the economy

(Newser) - Letting one of the Big Three go under could have disastrous effects on many corners of the American economy, McClatchy Newspapers reports. Beyond the jobs lost at the companies and their suppliers—as well as the jobs lost everywhere those workers spend their wages—the repercussions would hit sectors as...

White House May Divert TARP Funds to Automakers

The President may tap bailout funds once thought off-limits to Detroit

(Newser) - The Bush administration said today it will consider using funds from the $700 billion market-rescue plan to bail out GM and Chrysler, MarketWatch reports. The shift comes after the Senate failed to pass $14 billion in emergency loans last night. The plans aren't final, but the money could help one...

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