Ford has had quite a successful time over the past few years – new higher quality cars, better investments and greater financial management have lead Ford Motor Company in a positive direction. Proof of this comes as Ford announced yesterday in the USA that FoMoCo has made a healthy $2.1 billion USD profit in the first three-and-a-bit months of sales of 2010.
Posts Tagged ‘FoMoCo’
Source: The Wall Street Journal
By MATTHEW DOLAN
Leaders atCo. will take a sizeable cut to their compensation this year, a move announced one day after the auto maker exacted new concessions from its hourly workers.
Source: Bnet Australia
When you add up all the cuts, Chrysler, Ford and GM are well on their way to cutting half their employees in North America in just over five years. That’s staggering, especially since most of those cuts have taken place in just the last two years. Read the rest of this entry ?
NEW ORLEANS (Reuters) — Ford Motor Co has enough liquidity to fund its restructuring plan and despite the deep downturn in auto sales still sees no need to ask for government loans, chief executive Alan Mulally said Saturday. Read the rest of this entry ?
Volvo and Mercedes-Benz have been known for decades as automotive safety pioneers, sharing between them the bulk of new innovations in the field. These days, however, automakers are as concerned about their financial security as they are with occupant safety. With the latter in mind, reports indicate that Mercedes parent company Daimler has decided against buying Volvo from Ford.Read the rest of this entry ?
So the 3 respective CEO’s of the Detroit Three got in trouble after arriving to Congress in private jets. Not good for their (& their company’s) image, eh? Well Autoblog has revealed their latest plan to gain some respect back from the American public…
Well, we said it earlier, but now this rumor has become a reality. This morning (U.S time) Ford Motor Company sold off 20% of its original 33.4% shares in the Mazda Motor Corp. Follow the jump for the rest of the story…