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Tag Archives: ford motor
IndustriALL Endorses Global Agreements to Fight and Shape Policy on the Growing Number of Auto Plant Closures
So whither auto plants with their well-paid, highly skilled and heavily unionized work? Plant closures and retrenchments in several countries is worrying for unions. Continue reading
Ford Invests $1 Billion in Chicago Plants for Explorer, Police Interceptor, Lincoln Aviator
Ford was the No. 1 producer of vehicles in the U.S. and the leading exporter of vehicles from the U.S., building nearly 2.4 million in 2018, Ford says it employs the most hourly U.S. autoworkers. Continue reading
Posted in auto news, manufacturing, new vehicle, news analysis
Tagged 2020 Lincoln Aviator, auto industry commentary, autoinformed, autoinformed.com, automotive blog, Chicago Assembly, chicago auto show, Chicago Stamping, connected vehicles, Explorer ST, ford explorer, ford motor, Ken Zino, new vehicle reviews, Police Interceptor Utility
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Ford Manufacturing Executives from General Pacheco Plant Sentenced for Crimes Against Humanity in Argentina
Müller was the plant’s manager and Sibilla was security manager at the time the crimes were committed. According to Spain’s El País newspaper, the judges ruled that Müller and Sibilla were actively involved in the dictatorship’s plan to repress union leaders at large companies. Continue reading
Posted in labor issues, litigation, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, ford motor, Ford's General Pacheco, Héctor Sibilla, Ken Zino, new vehicle reviews, Pedro Müller, Rome Statute of the International Criminal Court, Sindicato de Mecánicos y fines del transporte automotor de la República Argentina
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ClimaCell Raises $45 Million to Map the World’s Microweather
ClimaCell is the first microweather technology company, finding and forecasting location-specific, short-term weather that others can’t see. While traditional weather companies forecast at the city level, ClimaCell forecasts at the street level. Continue reading
Posted in auto news, autonomous vehicles, electronics, environment, marketing, safety
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive commentary automotive blog, autonomous vehicles, ClimaCell, ford motor, JetBlue Technology Ventures, Ken Zino, weather forecasting
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Ford, Uber And Lyft Announce Agreement to Share Data
Ford Motor Company, Uber and Lyft today announced a pledge to SharedStreets, a new data platform designed – it’s claimed – to make it easier for the private sector to work with cities around the world to use your driving data to improve urban mobility. No mention of privacy or legal issues arising from the personnel data were addressed. Continue reading
Versata, Not Ford, Owns Trade Secrets says Federal Judge
Versata declared publicly that the jury verdict could result in hundreds of millions of dollars of damages to Ford and could result in an injunction from using the “copycat” substitute software Ford secretly created behind closed doors that infringes on Versata’s property rights. Continue reading
Ford Reorganizes Again Under Product Line Management Flag
Ford Motor is traveling well-worn pothole ridden roads. The move comes as Ford stock continue to languish below $10 a share of common as Wall Street remains skeptical of it future earnings potential. Continue reading
Ford Places $1B Bet in Argo AI on Autonomous Vehicles
The very small Argo AI team of specialists in robotics and artificial intelligence is led by founders Bryan Salesky, CEO, and Peter Rander, COO. Both are alumni of Carnegie Mellon National Robotics Engineering Center and former heads of the self-driving car teams of Google and Uber, respectively. Continue reading
During Q2 Ford Posts Best Profits, $2.9B, Since 2000
It was Ford’s best automotive quarterly profit since 2000. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, ford motor, Ken Zino
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Ford Motor Used Vehicle Sales Running at Record Levels
In general, automakers are setting record used car sales through their dealers as the U.S. economy slowly recovers – more than 80% of workers commute to work in vehicles – and interest rates remain at absurdly low rates as taxpayers continue to subsidize the bankers and Wall Street firms that caused the Great Recession. Record high new vehicle prices – more than $30,000 on average for a car, +$40,000 for a truck – are also forcing some buyers into used vehicles. Continue reading
Posted in aftermarket, auto news, sales
Tagged autoinformed, autoinformed.com, ford motor, Ken Zino, used vehicles
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Ford Motor Q2 Profit at $2.6 Billion or 30 Cents a Share
Ford Motor Company [NYSE: F] reported Q2 2013 pre-tax profits of $2.6 billion today, or 45 cents per share. The good overall result, which had analysts gushing over an automotive operating margin of 6.4%, improved 1.5 percentage points from 2012 at $726 million, or 15 cents per share, higher compared with a year ago. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, ford motor, Ken Zino, q2, taxpayer bailouts
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Ford Motor Posts Q1 Profit of $2.1 Billion
The Ford Motor profit of 41 cents per share was $147 million lower than a year ago as results in Asia were weak because of ongoing expansion; weaker still in South America because of currency problems in Venezuela and Argentina, as well as competition, and frankly disastrous in Europe where Ford has not been able to stem a flood tide of red ink for decades. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, ford motor, Ken Zino, q1
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Ford Makes $8 Billion in 2012 – Almost all in North America
Ford remains heavily dependent on the slowly recovering North American auto market, where it earned $8.3 billion, with an operating margin of 10% on sales of 2.8 million vehicles during 2012. Because of Ford’s 2012 financial performance, the company will make profit sharing payments to 45,800 U.S. hourly employees of $8,300 each. Ford expects similar North American results in 2013, with perhaps a profit increase if the pickup truck – where it is the sales leader – market continues to recover. Continue reading
Posted in auto news, economy, financial results, results
Tagged 2012 results, auto informed, autoinformed.com, automotive news, ford motor, Ken Zino
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Ex Ford EVP David Thursfield Sentenced to Jail over Divorce
David Thursfield, a former executive vice president of Ford Motor Company and then a top Cerberus executive, has been sentenced to two years in jail in Great Britain for allegedly hiding assets during a contentious divorce settlement in 2005. Continue reading
Posted in litigation, people
Tagged auto informed, autoinformed.com, automotive news, cerebus, ford motor, Ken Zino, thursfield
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California, Automakers Defying Trump Agree on Emissions
On April 13, 2018, however, the Trump Administration took the first step toward dismantling the national program when it issued a revised final determination that alleged the federal greenhouse gas standards for model year 2022-2025 vehicles were no longer appropriate.kxhw@aol.com Continue reading →