Ford Motor Co.

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Ford Recalls Escape for Sticking Accelerator

Almost 500k vehicles recalled

(Newser) - At long last someone will feel Toyota's pain. Ford today announced a recall on 484,600 Ford Escapes over a potentially deadly sticking accelerator defect. The recall will affect all 2001 to 2004 models with 3-liter, V-6 engines, ABC News reports. It comes following a local TV investigation into...

Feds Probe 'Lunging' Ford Freestyle

Safety officials receive 238 complaints of lurches while idling, driving slowly

(Newser) - Federal safety officials are investigating the Ford Freestyle after getting 238 complaints that it can suddenly lunge forward when it’s supposed to be idling or moving slowly. Eighteen minor crashes were reported with one minor injury involving 2005 through 2007 Freestyles. The National Highway Traffic Safety Administration says the...

Ford to Add 7K US Jobs Over Next 2 Years

Company expands as demand rises

(Newser) - Ford will add more than 7,000 jobs at US factories over the next two years, the Detroit News reports. The auto giant expects to add 4,000 factory jobs in 2011 and another 2,500 in 2012, along with about 750 coordinating positions, as demand continues to grow for...

Ford to Kill Mercury Brand
 Ford to Kill Mercury Brand 

Ford to Kill Mercury Brand

CEO convinces Ford family to dump 71-year-old line

(Newser) - Ford CEO Alan Mulally has convinced members of the Ford family to let him kill off one of the company's oldest brands, the 71-year-old Mercury. Mulally will soon seek official approval from Ford's board to pull the plug, sources tell the Wall Street Journal . Mercury was created in 1939 by...

Ford Earns $2.7B in 2009, First Profit in 4 Years

Riding goodwill for refusing bailout, predicts 2010 profit, too

(Newser) - Ford Motor Co. says it made $2.7 billion in 2009, its first annual profit in four years. Ford says it benefited from cost-cutting, debt reduction, and popular cars and trucks like the Fusion sedan and Escape SUV. It's also enjoying customer goodwill for avoiding bankruptcy and refusing federal aid,...

Ford's Inflatable Seat Belts Not Just Hot Air

More comfortable, and safer than regular airbags

(Newser) - Still not a fan of wearing your seat belt? Ford’s latest take on the safety standby could change your mind: It’s inflatable, as with vehicle air bags, and its softer webbing has been a comfortable hit with test groups. And unlike many front-seat airbags, the belts inflate with...

Ford Posts $1B Q3 Profit
 Ford Posts $1B Q3 Profit 

Ford Posts $1B Q3 Profit

Surprise swing to black driven by cost cuts, Cash for Clunkers

(Newser) - Ford earned $1 billion in the third quarter, fueled by US market share gains, cost cuts, and the government's Cash for Clunkers rebates. The automaker, reporting net income of $997 million, or 29 cents per share. says it now expects to be "solidly profitable" in 2011. The company lost...

Ford Looks to Sell Volvo to China

Geely is only bidder remaining for Swedish subsidiary

(Newser) - Ford put its Volvo unit up for sale last December, and it's narrowed the possible buyers to just one bidder: a Chinese consortium led by Geely, the country's largest private automaker. Geely first approached Ford about the purchase in summer 2008 and is prepared to pay about $2 billion, less...

Home Sales Send Dow Over 9,000
 Home Sales Send Dow 
 Over 9,000 

Home Sales Send Dow Over 9,000

(Newser) - The Dow Jones industrials are back above 9,000 today for the first time since the beginning of January. A report of a jump in home sales eased investors' worries about one of the economy's biggest trouble spots. They responded by buying stocks across the market, lifting the major indexes...

Ford, Toyota Say Sales Slide Ending

(Newser) - A rare sentiment emerged from the auto industry today: cautious optimism. New sales figures show that Americans bought 860,000 vehicles in June, the Wall Street Journal reports. That's down 28% from last year, but it's also the smallest monthly sales drop of the year. Ford and Toyota both declared...

As Rivals Flail, Ford Ramps Up Production

(Newser) - Hoping to profit from its rivals' pain, Ford will ramp up this year's third-quarter production 10% over last year's, in a bid to grab market share from GM and Chrysler as they recover from bankruptcy, the Wall Street Journal reports. It’ll be Ford’s first production bump in nearly...

Ford Loses Just $1.4B, Turns Down Treasury Money
Ford Loses Just $1.4B,
Turns Down Treasury Money

Ford Loses Just $1.4B, Turns Down Treasury Money

Automaker burns through cash but remains healthier than rivals

(Newser) - Ford announced today a loss of $1.4 billion for the first three months of 2009—its worst Q1 result in 17 years, but nevertheless one that beat expectations, Bloomberg reports. The automaker said it expected to break even or possibly turn a profit in 2011, and it would not...

Rival Bankruptcies Spook Jealous Ford

It's kinda jealous

(Newser) - Ford Motor Co., the lone member of the “Big Three” not to accept government help, is suddenly looking across town with dread and a touch of jealousy, the Wall Street Journal reports. A bankruptcy at GM or Chrysler could wreak havoc on Ford’s supply chain, as shared suppliers...

Ford Reports Record $14.6B Loss for 2008

The nation's No. 2 automaker says it has enough cash and credit available for 2009

(Newser) - Ford Motor Co. today reported its worst year in its 105-year history, driving through more than $5.9 billion in cash in the fourth quarter on its way to a $14.6 billion loss for the year, reports Bloomberg. The company said it had enough cash reserves and credit available...

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