Posted in Automotive, Ford on Jul 3rd, 2008
As SUV sales plummet, drivers who need the space and towing capacity are looking for alternatives in the form of crossovers. While it was cool at one time to drive a station wagon or minivan, these vehicles are seldom seen on the roadways anymore. Now that drivers are turning away from mammoth SUVs, some still […]
Posted in Automotive, Financing, Ford, GM, Honda, Toyota on Jul 1st, 2008
GM, Ford and Toyota all had double-digit sales declines in June, as car shoppers leaned toward small, fuel-friendly cars, reports The Detroit News. On the flip side, Honda was able to pull off an 11.4 percent gain for the month. GM, although down in sales, held onto the top spot as the U.S.’s number one […]
Posted in Automotive, Ford on Jun 27th, 2008
Ford Motor Co. recently announced it was going to be investing about $500 million dollars in India. Ford’s Indian devision, called Ford India, will be using the money to build a new engine manufacturing plant and to double it’s car assembly production by 2010. Company executives disclosed the investment plans at the Indian launch of […]
Posted in Automotive, Ford, Trucks on Jun 20th, 2008
Ford is delaying the launch of its 2009 F-150 truck by two months, reports USA Today. In an announcement today, Ford also said it is cutting more production due to a decline in sales of trucks and SUVs. The 2009 F-150 will go on sale in late fall instead of late summer, its original target. […]
Posted in Automotive, Chrysler, Ford, GM on Jun 17th, 2008
Detroit’s Big Three automakers signed a deal yesterday with the Chinese government that will allow them to ship $2.2 billion in vehicles and parts to China, most of which are made in the U.S., reports the Detroit News. GM is exporting $1 billion in U.S.-built vehicles and parts, primarily Cadillacs, to China, over the next […]
Posted in Automotive, Ford, Honda, Toyota on Jun 4th, 2008
The F-series Ford truck has been the best-selling U.S. vehicle since 1992. Well, now that May’s sales are being reported, it seems the big truck has lost its title. The Honda Civic took the top spot and sold more units than the Ford F-series. Ford Motor says this is the first month this has happened […]
Posted in Automotive, Ford, New cars on Jun 2nd, 2008
Ford’s new Fiesta will hit the U.S. in 2010. The Ford Fiesta is making a comeback and will make its way to North America. Ford will build the new car in Mexico as part of a $3 billion investment in the country. The Fiesta hatchback will be built at the Cuautitlan facility near Mexico City […]
Posted in Automotive, Ford on May 28th, 2008
After Ford announced last week that it is cutting production and lowering its 2009 profitability goal, the company is now saying it will cut its U.S. salaried work force by about 10 to 12 percent. The cuts will attempt to help Ford’s restructuring plan, which is majorly struggling due to high gas and raw materials […]
Posted in Automotive, Ford on May 22nd, 2008
Ford Motor Co. says it is cutting North American production for the rest of the year as high gas prices and the weak economy depress its sales. Ford said Thursday it also expects to break even in 2009, scaling back its goal of returning to profitability by that time. Ford says it will cut production […]
Posted in Automotive, Ford, New cars, Trucks on May 20th, 2008
Ford’s full-size pickup sales have plunged about 23 percent in the past three years, due to record gas prices and a decline in the construction industry. Full-size trucks are big profit makers. So what is Ford to do? The company’s gas-friendly Focus has seen great sales numbers recently, but is not as much of a […]
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