Ford Motor Company

Jimmy Settles, UAW vice president and director of the national Ford department said, “today we celebrate the commitment to excellence that the hardworking men and women of the Rouge demonstrate every day.”
Ford Motor Company

One of the best selling vehicles of all-time will have a brand new, aluminum-centric design.

Ford announced today that it will add 850 workers to help build its new F-150 pickup truck.

More from the Associated Press:

The company says 500 of the workers will go to the Dearborn Truck plant, where the F-150 is assembled. Three hundred workers will go to the Dearborn Stamping plant and 50 workers will go to Dearborn Diversified, which makes axles and other parts.

media.ford.com

This year marks the 50th birthday of a car that has carved out a big place for itself in American automotive history: the Ford Mustang.

Today on Stateside, we'll take a 50-year look back at the history of the pony car and look ahead to the newest generation. The 2015 Mustang is heading to showrooms next month.

Jay Follis is an automotive historian. He's director of marketing at the Gilmore Car Museum in Hickory Corners in Barry County, and he's looked at the history of the Mustang in the current issue of Michigan History Magazine. Follis says before the introduction of the Mustang, Ford didn't plan on anything new.

For months, we’ve been embroiled in Detroit’s bankruptcy and attempts to save what there is worth saving.

It is hard to pick up any national publication without finding stories about Detroit, few of them good. There are a spate of new book titles too, which mostly chronicle the city’s decline and fall.

Yet I’ve just been reading an utterly fascinating and inspiring new book about a time when Detroit really did save, or at least help save, the world.

The book, just published by Houghton Mifflin, is The Arsenal of Democracy: FDR, Ford Motor Company, and Their Epic Quest to Arm an America at War.

This is a book with characters larger and more bizarre than life. It tells the story of a Detroit-based triumph that the experts said was impossible. And every word in it is true.

The Lincoln MKZ was advertised as "the most fuel-efficient luxury hybrid in America." Not any more.
Michael Gil / Wikimedia Commons

You think Ford was a little embarrassed last year after having to reduce its mileage claims for the Ford C-Max? Now they have to reduce those claims for six 2013 and 2014 models (claims on the C-Max have to be reduced again).

All of Ford's 2013 hybrid and plug-in hybrid vehicles are affected, as well as most 2014 Fiesta models.

Here's a little damage control from Ford's Raj Nair:

user: Ford Motor Company / Flickr

It was perhaps the worst-kept secret in recent business history: Ford Motor Company has made it official today that their CEO Alan Mulally, is retiring July first. 

His successor, as expected, will be COO Mark Fields. 

Detroit News Business Columnist Daniel Howes sat down with Ford Executive Chairman Bill Ford shortly after this morning's announcement.

Howes joined us to talk about the timing of the announcement, and that conversation with Bill Ford. 

Listen to the full interview above. 

Tracy Samilton / Michigan Radio

Update: 9:33am

Fields thanked Mulally for leaving "this gift of a transformed Ford."

Mulally said that he hasn't decided what he will do after retiring in July. 

8:42 am

Ford Motor Co. announced this morning that CEO Alan Mulally is retiring on July 1 and will be replaced by Chief Operating Officer Mark Fields.

Mulally and Executive Chairman Bill Ford have scheduled a news conference for 9 a.m. at the company's Dearborn, Michigan, headquarters. Michigan Radio's Tracy Samilton will be there.

One of the most significant sites in the history of Detroit – and the modern world – has also been one of the most sadly neglected.

Not only that, it isn’t even in Detroit.

Every day, thousands of commuters drive by an old red-brick building on Woodward Avenue in the little enclave city of Highland Park.

You need to know three things about Highland Park. It is a separate city embedded in northern Detroit. Economically, it is even worse off.

But it was the place where the twentieth century was created – in this old red brick building, and in the remnants of a giant factory behind it. A hundred years ago, this sturdy, Albert Kahn structure was the world headquarters of the Ford Motor Company.

Millions and millions of Model Ts, the most important car ever created, rolled off assembly lines here, before Ford moved to the Rouge. It was here where cars were made affordable for everyone, and where the world was put on wheels.

Big news out of Washington, D.C. today: The U.S. Supreme Court has upheld Michigan’s ban on race- and gender-based affirmative action. The Court's majority held that Michigan voters were within their rights to amend the state constitution to ban the college admission policies. We dove into the decision on today's show.

Then, we checked in with Michigan Radio's auto-beat reporter Tracy Samilton about big changes that are likely in the leadership at Ford.

And, on this Earth Day, what moths can tell us about the world's changing climate.

Also, we spoke with author Joseph Tirella about his book Tomorrow-Land: The 1964-65 World's Fair and the Transformation of America.

First on the show, it's taken months of bargaining, bickering and posturing, but there have been promising advances in the Detroit bankruptcy journey.

Pieces are starting to fall into place that could complete the so-called "grand bargain" that would protect the DIA collection and soften the blow for Detroit's retirees.

First came word of a tentative deal between the city and its pensioners. A day later, the board that represents police and fire retirees gave unanimous approval to the deal.

Now it's on to the next hurdle: getting state lawmakers to approve Michigan's share of the grand bargain – $350 million.

Chris Gautz, Capitol Correspondent of Crain's Detroit Business, joined us today.

Ford Motor Company

All signs point to a big change at Ford Motor Company.

Although the automaker has not made an official announcement, there is much speculation today that CEO Alan Mulally is reportedly ready to retire before the year is out and COO Mark Fields will ascend to the top spot.

Michigan Radio's auto reporter Tracy Samilton joined us today.

Listen to the full interview above.

Steve Carmody / Michigan Radio

DETROIT (AP) - Ford CEO Alan Mulally's compensation rose 11 percent to $23.2 million in 2013, as the company reported record profits in North America.

Mulally earned $2 million in salary, the same as 2012. But he earned more in bonuses, at $5.9 million, and in stock and option awards, which totaled $14.7 million.

The company's board said Mulally exceeded profit and cash flow targets. The company also earned a record pretax profit of $8.8 billion in North America.

Ford Motor Co.

In the course of his 88 years, William Clay Ford, who died Sunday, captained Yale’s tennis team, earned an engineering degree and chaired Ford Motor Co.’s finance committee, which is enough for any lifetime.

But he will likely be remembered mainly as the owner of the Detroit Lions, during five woefully unsuccessful decades. Since he took over the franchise in 1964, the Lions have won exactly one playoff game, and remain the only NFL team to miss out on all 48 Super Bowls.

user: mrmiscellanious / Wikimedia Commons

William Clay Ford's widow, Martha Ford, will take control of the Detroit Lions, a team her husband purchased 50 years ago. She will have controlling interest in the football team, Dave Birkett of the Detroit Free Press reports. 

Ford, the last surviving grandchild of Henry Ford, passed away Sunday morning at the age of 88. 

Ford Motor Company

It's a car-eat-car world out there, and Boston Consulting Group says the competition is only going to get more fierce.

BCG's new study finds that companies that are more innovative will have an important competitive advantage. 

Analyst Xavier Mosquet says a majority of people say they want to buy a car from a company they perceive as innovative.

But, it may not be easy to meet their expectations. 

A Ford assembly plant in Kansas City.
Ford Motor Company / Flickr

Ford Motor Company had one of its best years ever, and under its contract with the UAW, the company will give a portion of its annual North American profit to the nearly 47,000 hourly workers who help build the profitable cars and trucks.

Last year, Ford's profit in North America was $8.8 billion, so each of those workers will receive an $8,800 bonus check. The payout breaks last year's bonus of $8,300.

Steve Carmody/Michigan Radio

DEARBORN, Mich. (AP) - Ford CEO Alan Mulally says he will not leave the automaker for Microsoft and will stay at Ford at least through 2014.

Mulally is widely credited with saving Ford after being hired away from Boeing in 2006. But in recent months there have been numerous reports that he was in the running for the top job at Microsoft, where CEO Steve Ballmer has said he plans to leave the company sometime this year.

Ford Motor Company

DETROIT (AP) - Ford says it expects 2013 to be one of the best financial years in its history with a pretax profit of about $8.5 billion.

The automaker expects 10% revenue growth, improved market share in all regions except Europe and stronger cash flow than a year ago.

The company released its forecast Wednesday ahead of a presentation to analysts by Chief Financial Officer Bob Shanks.

Ford also expects next year to be solid. It plans to launch the highest number of new vehicles in a single year in more than a century.

Chevrolet

Today, General Motors announced plans to largely withdraw its Chevrolet brand from Europe beginning in 2016.

The automaker says the decision was largely due to a challenging business model and the difficult economic situation in Europe.

Meanwhile, the Ford Mustang is celebrating its 50th birthday with a new design — and plans to go global.

Russell Padmore, business reporter for the BBC, joins us from London to talk about the latest auto news.

Listen to full interview above. 

Felix Henrichs

On Thursday,  Ford Motor Company will pull the veil off the redesigned Mustang. For the first time in its nearly 50-year history, the iconic pony car will be sold in every region of the world.

Talk to just about any Mustang owner, and you'll get a story about how their love affair with the car began.

Laura Slider of Ann Arbor says she's wanted one ever since she was fifteen, the day a red Mustang appeared in the driveway across the street.

Car dealership.
GM

Auto companies report November's auto sales next week.

The news should be good, especially for Ford, Chrysler and Detroit.

Michelle Krebs is an analyst with Edmunds.com. She says the Detroit Three have had a great year so far, with car sales leading the way.   

“But they also are the biggest seller of trucks,” says Krebs, “People are buying big trucks again like they haven't in a long time.

Krebs says GM's did better this year than she expected.  She adds that’s especially true since Consumer Reports called the new Impala the "best sedan in the U.S."

Andrew Duthie / Wikimedia

That's according to Business Insider. Alex Davies and Mike Nudelman produced a map for the magazine showing top car choices in each state using data from Kelley Blue Book.

KBB looked at data going back to the beginning of this year.

Michigan was unique in it's "top car" choice. Most everywhere else, the Ford F-Series of trucks were the most popular. Here are some other states that broke the Ford truck trend.

But Americans elsewhere have different tastes: Florida and Maryland went for the Toyota Camry. Hawaii liked the Toyota Tacoma. Oklahoma bucked the geographic trend — the most popular car there is the Nissan Altima sedan.

August was a good month for U.S. automakers.

Nearly all automakers are reporting double-digit sales gains as August shapes up to be another strong month for the industry.

User: Brother O'Mara / Flickr

Affordable Care Act provides healthcare counselors

Low income Michigan residents will soon have help navigating their new insurance options.  According to Michigan Radio's Steve Carmody, four groups in the state, including Michigan Consumers for Healthcare, are training employees to counsel individuals on their Obamacare choices.  The Affordable Care Act goes into effect on January 1st but people will have two months to enroll.

Detroit's bankruptcy is costly

Though Detroit's creditors may never be paid back, the city's lawyers and consultants stand to make a lot of money.  The Detroit Free Press has reported that the legal fees could reach $100 million.  But Michigan Radio's Lester Graham reports that the total could eventually double that or even more.

Ford C-Max not as efficient as advertised

The Ford Motor Company has had to adjust its reported gas mileage for the C-Max after it previously overstated the figure.  Michigan Radio's Tracy Samilton reports that Ford advertised a 47 mpg for the C-Max. Consumer Reports magazine tested the vehicle and reported an average 37 mpg.

Ford Motor Company

The Ford C-Max's fuel efficiency isn't what the Detroit automaker advertised.

According to the Associated Press, this afternoon, Ford Motor Company will announce a change in the model's gas mileage, according to a Ford source who knows about the company's plan. The AP reports the source didn't want to be identified as the announcement has not been made public yet.

The AP writes that the move comes after an investigation by the U.S. Environmental Protection Agency, which enforces mileage estimates. The Ford source said that mileage estimate could be cut from 47 to 43 mpg. 

GM

GM announced today that the price of a Chevy Volt will drop by $5,000:

The 2014 model will start at $34,995...

If consumers include federal tax credits ranging from $0-$7,500 (depending on individual tax liability), pricing could start at $27,495.

General Motors

General Motors is number two in global auto sales so far this year, just behind Toyota, and just in front of Volkswagon.

So why didn't GM make more money than its Dearborn rival, Ford Motor Company, in the second quarter?

Both companies made $1.2 billion, but Ford made that money based on a lower volume of sales.

Ford Motor Company's official website

Have you looked at a Ford financial report lately?

Ford Motor Company posted its 16th consecutive quarter of profitability on Wednesday.  The company made $1.2 billion dollars, driven by strong results in North America, combined with improved results in every other region of the world.

Ford is still losing money in Europe, as expected, due to the region's protracted recession.  But even in Europe, there is some good news.

Ford Motor Company

Earlier this year, Ford Motor Company announced it would hire 3,000 new white collar employees in 2013 to meet growing demand for its products, up from the originally planned 2,200.

The company has hired 1,500 and now, at the halfway point, Ford is starting a social media campaign to find the remaining workers. Of the 3,000 new jobs, 2,400 will be technical professionals who will work in product development, manufacturing, quality, purchasing and information technology. 

Chronic illnesses take a huge toll, both on the patient suffering from them, and on the overall health care system in the form of much higher health care costs.

Ford Motor Company says 61% of its health care costs are from employees who suffer from at least one, but often multiple, chronic illnesses. Those include heart disease, lung disease, diabetes, and asthma.

The company hopes to reduce those costs, while improving the quality of life for the people burdened by chronic illness.

Ford / YouTube

Ford Motor Company recently started testing its cars with the help of robots.

The company does robotic testing on vehicles for durability at the Michigan Proving Grounds in Romeo, according to a recent story from MLive.

Michael Wayland reported that Ford has used robots to test drive eight of its vehicles, including several truck models as well as the Fiesta.

denton-texas.olx.com

DETROIT (AP) - The federal government is investigating Ford F-150 pickups with EcoBoost engines after drivers reported that the engines lost power during acceleration.

The government estimates around 400,000 F-150 pickups from the 2011 through 2013 model years are involved.

The National Highway Traffic Safety Administration has received 95 reports of engines losing power during hard acceleration, such as when passing. The incidents often occurred in rainy or humid weather. NHTSA has no reports of crashes or injuries.

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