Ford Motor Company

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.

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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.

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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.

Car companies closed a lot of North American factories in the past ten years as the auto industry restructured.

That has made Jim Tetreault's job even more of an art and a science.

Tetreault is Ford's head of North American manufacturing.  He's responsible for maximizing the number of vehicles that any of the Detroit automaker's remaining plants can produce, while minimizing the downtime at each facility.

DETROIT (AP) - Three Ohio drivers are suing Ford Motor Co., claiming the company's six-cylinder EcoBoost engine is defective.

The lawsuit says the 3.5-liter V6 EcoBoost engine can shudder, shake and rapidly lose power while drivers are trying to accelerate. It says more than 100 drivers have complained about the engine to the National Highway Traffic Safety Administration.

Carlos Lowry / Flickr

  If you hear the word Europe, you might find yourself thinking of great places to travel, a rich history, or family roots.

If you're an auto executive and you hear “Europe,” you’ll likely sigh and take a couple of aspirin for your headache.

That's because the Detroit automakers stand to lose $4 billion in Europe this year. And with a collapse in auto sales across the pond, trying to muscle through the kinds of changes that saved the industry here in North America is a totally different challenge in Europe.

Michelle Krebs of Edmunds.com and Michigan Radio’s auto reporter Tracy Samilton discuss the bleak picture in Europe for Detroit automakers.

Listen to the full interview above.

A state Representative says newly released documents are raising some serious flags about the state’s Education Achievement Authority. On today’s show: we talk with Representative Ellen Cogen Lipton about what she found out about the EAA through a FOIA request.

We check in withe Detroit News columnist Daniel Howes about recent Ford earnings reports. And Mayor Dave Bing has announced he'll run for reelection.

We also talk about the changes to arts education in Lansing public schools.

Later in the show, we speak with Art Prize founder Rick DeVos about another venture of his: Start Garden.
 
And finally, Ann Arbor is on the verge of a championship - a bowling championship. We hear more about tonight's game from WWII vet Mel Shannon.

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Ford released it's first quarter report with record pre-tax profits of $2.4 billion in North America.

"Ford has a product portfolio that's clicking on all cylinders, pun intended," said Daniel Howes.

Howes is the Detroit News business columnist and spoke with Michigan Radio's Cynthia Canty about Ford's future.

wikimedia commons

VAN BUREN TOWNSHIP, Mich. (AP) - The Yankee Air Museum is kicking off a $6 million campaign to make its home at a former facility that built B-24 bombers during World War II.

Museum officials announced this week an effort to purchase and renovate part of the former Willow Run powertrain plant. The museum is housed at Willow Run Airport, near Ypsilanti in Wayne County's Van Buren Township.

Its original headquarters was destroyed by fire in 2004.

Dennis Norton, the founder and president of the Yankee Air Museum, has presented plans to Ypsilanti Township officials. The museum says it has until Aug. 1 to secure funding, and would buy the site from the Revitalizing Auto Communities Environmental Response Trust.

Ford Motor Co. built the plant for B-24 production. It later was taken over by General Motors.

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I recently conducted my own, informal test of the fuel economy of the Ford hybrid crossover, the C-Max.  I was curious to see what number I could achieve, in light of the ongoing controversy.

Consumer Reports and now two lawsuits claim Ford's advertised number of 47 mpg is unreachable.

So, on a 30-degree evening, not too windy, no snow in the forecast, I set out from Ann Arbor, reset the fuel economy calculator, set the cruise control at 55 miles per hour, and drove.

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U.S. safety regulators will investigate problems with stalling or surging engines, in about 725,000 Ford cars and SUVs.

The probe includes affects Ford Escape and Mercury Mariner SUVs from the 2009 through 2011 model years.

The National Highway Traffic Safety Administration and Ford have received almost 1,500 complaints about the problem.

Meanwhile, regulators are considering whether to investigate a complaint from an auto lab in Virginia, that the steering can fail on the Toyota Prius.

A probe would affect the Prius gas-electric hybrids from the 2004 through 2009 model years.

Hershey's

Car companies like Ford Motor Company aren't above using gimmicks if it will get reporters to notice something they're doing.

Sometimes it works, sometimes it doesn't. 

This one worked.

Ford Motor Company

Ford Motor Company set an all-time record for hybrid sales in December, selling nearly 8,000.  About half were C-Max sales, and about half, the hybrid version of the Fusion.

The company also beat its previous January record for hybrid sales by more than 500%.

Granted, the total number of hybrid sales for the company isn't much compared to its higher-volume sellers.  Ford sold more than 19,000 non-hybrid Fusions in January, dwarfing the hybrid Fusion sales of 3,043.

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