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NEW YORK — Ford CEO Mark Fields said the Dearborn automaker has no plans to move its Lincoln luxury brand to New York after its domestic rival made the move, reported The Detroit News. He added that the company is committed to the revival of Lincoln. General Motors Co. in September announced it was moving ... Read More »
Read More →BlackRock Inc. on Monday reported a 5.4% stake in Ford Motor Co., less than two weeks after the No. 2 U.S. auto maker reported a sharp drop in fourth-quarter profit, reported The WSJ. BlackRock, the world’s largest asset manager, said a year ago that it had a stake of 5.2%, which represents the total amount ... Read More »
Read More →Detroit’s automakers on Tuesday all posted strong sales increases in January compared to a year ago, led by General Motors Co.’s 18.3 percent gain — its best January in seven years, reported The Detroit News. Buyers took advantage of low gas prices, easy access to credit and stable feelings about the economy to buy vehicles, ... Read More »
Read More →Ford Motor Co. named former U.S. Federal Communications Commission chairman William Kennard to its board, adding someone with Washington experience as the auto industry faces increased regulatory scrutiny amid mounting recalls, reported Bloomberg. Kennard, 57, will succeed director Homer Neal, who has reached mandatory retirement age, Dearborn, Michigan-based Ford said in a statement today. Kennard, ... Read More »
Read More →The U.S. auto safety regulator has told Japanese supplier Takata Corp and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal, reported Reuters. The National Highway Traffic Safety Administration (NHTSA) also scolded Takata for what it called “an unwillingness ... Read More »
Read More →Ford Motor Co. said Tuesday it will recall 65,000 new Ford Fusion cars in North America because they could roll away, reported The Detroit News. The Dearborn automaker said the recall covers 56,500 2014-15 Fusion cars in the United States and about 8,500 in Canada and Mexico because the key can be removed 30 minutes ... Read More »
Read More →DETROIT – Ford Motor Co. reported net income of $835 million in the third quarter, a drop of about 34 percent from earnings of $1.27 billion in the year-ago period, reported MLive. Pre-tax profit fell to $1.2 billion in the third quarter of 2014 from $2.6 billion in the comparable quarter last year. Ford said ... Read More »
Read More →DETROIT — Ford Motor Company and Carfax have expanded their partnership in the Ford and Lincoln Certified Pre-Owned (CPO) programs. Ford is continuing its commitment to provide Carfax Vehicle History Reports for free to buyers and sellers of certified Ford and Lincoln vehicles. In addition, all Ford and Lincoln CPO cars will now be listed ... Read More »
Read More →U.S. safety regulators have opened a probe of an estimated 938,000 Ford Motor Co mid-sized sedans due to complaints about steering issues, reported Reuters. The National Highway Traffic Safety Administration initiated what is called a preliminary evaluation into certain models of the Ford Fusion and Fusion Hybrid, Lincoln MKZ and MKZ Hybrid and Mercury Milan ... Read More »
Read More →DETROIT, Mich. – Strong sales of transit vans, Fusion model and Lincoln-brand cars were not enough to offset managed F-Series volumes and planned reductions in daily rental volumes, as Ford Motor Co. reported a 3 percent decline in year-over-year U.S. sales to 180,175 units in September, reported Michigan Live. The Dearborn automaker said in a ... Read More »
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