April 24, 2024
Ford

Ford celebrates 2 million units sold in the U.S. in 2011

The Americans from Ford issued a press release announcing that the current year brought U.S. sales of more than 2 million units. This is not the first time when the company manages to sell more than 2 million vehicles in the home market as Ford achieved this goal four years ago, in 2007. Erich Merkle,

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Ford

Ford Motor Company chops off $4 billion worth of debt

Recently Ford has had some issues with their stock pricing due to investor concern about slow sales within the automotive industry and uncertainty over how the company will pay the UAW’s health care trust fund. The news that came from Dearborn today will most likely calm spirits and even make some brokers jump for joy

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Tesla

Tesla and their IPO results

Tesla Motors, the exclusive will start trading today on the NASDAQ Stock Market under the ticker of TSLA has already sold its shares and with quite a bit of a result. The company has already raised $226 million by selling shares above its forecast price range, according to the Securities and Exchange Commission filing.

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Hyundai

Hyundai’s 5 liter V8 serves up a surprise

Korean automaker Hyundai has just released details about their new 5.0L Tau V8 engine and there is a very interesting piece of reading on that spec sheet. The Tau 5 liter V8 engine develops no less than 429 horsepower, actually this is yet to be confirmed by facts but this is what spokesmen for Hyundai

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Ford

Ford’s plans for hybrids and EVs

According to a recent statement by spokesmen from Ford Motor Company we could be expecting that by 2020 up to 25% of the company’s global sales to be hybrids, plug-in hybrids, electric vehicles, or any combination of these technologies. Nancy Gioia, Ford’s director of global electrification is the author of this statement but he also

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Ford

Ford’s plans for Mercury

Recently the media that had been pushing on with the Detroit’s Big Three and their issues or successes haven’t had much else to say other than the proposal which is under works at Ford deemed to kill of Mercury brand. Today, a report from Ford themselves shows that this isn’t serious news as the company

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Chrysler Ford General Motors

Bob Lutz joins Transonic Combustion board of directors

Transonic Combustion is a fuel-injection systems startup company that has announced today that Bob Lutz has joined the company’s board of directors. Bob Lutz recently retired from his nine year position as vice chairman of General Motors and, according to Transonic Combustion’s spokesman, will be bringing the company’s leadership the experience of a career in

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Ford

2011 Ford Fiesta EPA rating best in class

The Environmental Protection Agency (EPA) has completed testing the 2011 Ford Fiesta and has officially announced that the new compact Ford Motor Company will be selling in the U.S. after amazing success in Europe will hit 40 mpg highway, making it the most fuel-efficient car in its class. With this in mind, and with the

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Ford

Ford Motor Company will take care of debt before paying dividents

Ford Motor Company’s executive chairman William Clay Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays down more of its debt. During the same statement he also mentioned that shareholders don’t have any right to complain, considering the soar in stock value and the fact that

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Ford

Mulally versus Ford investors

Ford Motor Company’s annual shareholders meeting hosted a very positive speech on the behalf of the company CEO, Alan Mulally. Mulally stated that Ford will have a “solidly” profitable result coming out of 2010 and that 2011 will bring along a “continuing improvement”.

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Ford

Ford still gunning most of the police car market

Lisa Teed who is Ford Motor Company’s brand marketing manager for their police vehicle program, is confident that the company she represents will continue its dominance of the market. This confidence is mostly a result of Ford’s products as they give customers what they seek; two pursuit-rated vehicles.

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Ford Muscle Cars

DUB Magazine Ford Mustang gets more action

Ford Motor Company have announced that the next Mustang TV ad campaign will feature DUB Edition 2011 Ford Mustang. According to Ford the V6 version of the Mustang will take center stage in this campaign as they want to promote it as fast, fun and affordable by comparison to the GT which has always outsold

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Chevrolet Ford General Motors

American police car shootout

Chrysler Group LLC has just announced that upon the launch of the new Charger in November 2010 they will be ready to increase their participation to the squad car market. Peter Grady, Chrysler’s head of network development and fleet said that his company will go hard out after this particular market.

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Chrysler General Motors

President Obama stated the auto industry bailout was paid off

President Barack Obama said that the bailouts that the government funded for the American automotive industry had paid off. The announcement made it to the public via the president’s Web address last Saturday.

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Ford

Ford recall on 2010 models

Ford Motor Company have just announced that they will be recalling 33,256 units, all of which are 2010 model cars. The issue they will be coming in for is a problem with the seat recliner for the front seats.

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Chrysler

The restructuring process at Chrysler is showing positive results

Well at least this is what Sergio Marchionne, Fiat SpA and Chrysler Group LLC CEO has to say about recent undergoing procedures to cut costs at Chrysler and to eventually turn it around. Marchionne also said that in terms of the market share numbers coming out of the U.S., it’s a slow, gradual process, a

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Ford

China Vehicles sales explode

China’s economic boom is continuing and may have altogether been fueled by crisis of the automotive industry everywhere else. While very few companies have managed to keep previous sales figures and even fewer have managed to increase it, last month, according to China Association of Automobile Manufacturers retail figures were off the charts. Car sales

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