Stephen Odell, Europe, Middle East and Africa president of Ford, discusses the launch of the new Mustang on the car's fiftieth anniversary.» Read More
Selling Chrysler “is not like selling a used car,” said Michael Robinet, Vice President at Global Vehicle Forecasts, to “Morning Call,” and you can see his point in more ways than one. Any automaker that can call itself no. 5 in America can hardly be ready for the scrap heap.
Merrill Lynch raised its rating on General Motors to buy from sell, favoring shares of the largest U.S. automaker over Ford Motor , which were downgraded to sell from neutral.
"It looks like the market is sort of struggling here a little bit, but there is too much skepticism and negativity on the street for me to think that the bottom is going to fall out," said Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac, in an interview with CNBC.com.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
About 8,000 U.S. hourly workers left struggling automaker Ford Motor in January after taking buyout offers, said Mark Fields, president of the Americas and overseer of Ford's restructuring.
As U.S. automakers have struggled over the past years, they have always been able to hang on to one last profitable stronghold – the large pickup truck market. But that fortress is about to be stormed by Toyota as its redesigned Tundra pickup hits the showrooms this week.
The Taurus, considered by some the car that saved Ford, revolutionized the way autos look and feel when it was introduced in 1985.
Toyota Motor posted a near-20% rise in quarterly profit on Tuesday on brisk sales in North America and Europe, but kept its full-year forecasts unchanged -- though still on course for an eighth straight year of record earnings.
Tuesday in Japan the company reported it's quarterly profits and posted a 7.3% increase. Impressive given the company's home market of Japan is going through a slowdown. But Europe and North America more than made up for the sluggish market in Japan. Toyota's surge in Europe has long been one of the most under appreciated aspects of the automakers recent run. ... Automotive News is reporting Ford plans to re-name it's 500 sedan as the Taurus. An announcement could come as soon as tomorrow at the Chicago auto show. This change doesn't surprise me given the comments new CEO Alan Mulally has made about the demise of the old Taurus.
It's a statistic that will have Detroit buzzing. In January, the Detroit 3-formerly known as the big 3- sold 50.6% of the cars and trucks in the U.S. A record low. Think about that stat for a minute. We are on the verge of seeing Americans buy more foreign brand cars and trucks than domestic nameplates. Don't be surprised if that happens in February or March. The biggest reason for the fall-off in domestic sales is ...
Nissan Motor reported a bigger-than-expected 23% fall in quarterly net profit on Friday, hurt by a sluggish recovery in U.S. sales, and lowered its full-year forecasts despite a weaker yen.
Stocks staged a late-afternoon rally after the Federal Reserve signaled that the outlook for inflation has improved while the economy continues to grow at a moderate pace.
Explaining the reduction, the automaker says it expects fleet sales to be just more than 700,000 in 2007, down from 900,000 units a year earlier.
Analysts say Ford's recently raised $23.5 billion gives it two years to turn itself around, barring a steep decline in the U.S. economy.
Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.
Ford capped the worst year in its 103-year history with a wider-than-expected fourth-quarter loss and said it would cut production this quarter and lose market share through September.
Ford shares ended up little-changed after the auto maker reported a $5.8 billion loss in the fourth quarter amid slumping sales and huge restructuring costs.
Ford Motor Co. had the worst year in its 103-year history in 2006. The automaker lost $5.8 billion in the fourth quarter alone – and lost $12.7 billion on the year. Yet CEO Alan Mulally - who came to Ford after overhauling aerospace giant Boeing - is reportedly considering paying bonuses to some of Ford’s managers, even as the company seeks concessions from its unions and predicts more losses this year.
Toyota Motor is open to a broader partnership with Ford Motor if the struggling U.S. auto maker asks, the Nikkei business daily reported on Wednesday, citing an interview with its president.
Ford Motor is moving ahead of its own schedule for reducing costs, including plant closures and job cuts, the automaker's chief executive said.