Tag Archives: ford motor

IndustriALL Endorses Global Agreements to Fight and Shape Policy on the Growing Number of Auto Plant Closures

Posted on 7 March 2019 by Ken Zino

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 →

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Ford Invests $1 Billion in Chicago Plants for Explorer, Police Interceptor, Lincoln Aviator

Posted on 8 February 2019 by Ken Zino

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 →

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Ford Manufacturing Executives from General Pacheco Plant Sentenced for Crimes Against Humanity in Argentina

Posted on 20 December 2018 by Ken Zino

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 →

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ClimaCell Raises $45 Million to Map the World’s Microweather

Posted on 5 October 2018 by Ken Zino

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 →

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Ford, Uber And Lyft Announce Agreement to Share Data

Posted on 26 September 2018 by Ken Zino

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 →

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Versata, Not Ford, Owns Trade Secrets says Federal Judge

Posted on 25 September 2018 by Ken Zino

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 →

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Ford Reorganizes Again Under Product Line Management Flag

Posted on 28 August 2018 by Ken Zino

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 →

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Ford Places $1B Bet in Argo AI on Autonomous Vehicles

Posted on 13 February 2017 by Ken Zino

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 →

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During Q2 Ford Posts Best Profits, $2.9B, Since 2000

Posted on 28 July 2015 by Ken Zino

It was Ford’s best automotive quarterly profit since 2000. Continue reading →

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Ford Motor Used Vehicle Sales Running at Record Levels

Posted on 3 September 2013 by Ken Zino

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 →

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Ford Motor Q2 Profit at $2.6 Billion or 30 Cents a Share

Posted on 24 July 2013 by Ken Zino

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 →

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Ford Motor Posts Q1 Profit of $2.1 Billion

Posted on 24 April 2013 by Ken Zino

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 →

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Ford Makes $8 Billion in 2012 – Almost all in North America

Posted on 29 January 2013 by Ken Zino

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 →

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Ex Ford EVP David Thursfield Sentenced to Jail over Divorce

Posted on 6 January 2013 by Ken Zino

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 →

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Ford’s Mulally to Remain as President CEO through at Least 2014

Posted on 1 November 2012 by Ken Zino

Ford Motor Company Executive Chairman Bill Ford said today that Alan Mulally plans to continue to serve as Ford president and CEO through at least 2014. Mark Fields was named the company’s chief operating officer effective 1 December. The announcement has industry observers debating whether Fields is ultimately talented enough to lead the U.S.’s second largest automaker. Fields will continue to report to Mulally, as will the company’s chief financial officer, general counsel and group vice president of Human Resources and Corporate Services. Continue reading →

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