Ford Motor Company http://michiganradio.org en Ford CEO's pay up 11% to $23.2 million in 2013 http://michiganradio.org/post/ford-ceos-pay-11-232-million-2013 <p>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.<br /><br />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.<br /><br />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.<br /> Sat, 29 Mar 2014 17:24:00 +0000 The Associated Press 17025 at http://michiganradio.org Ford CEO's pay up 11% to $23.2 million in 2013 Remembering William Clay Ford http://michiganradio.org/post/remembering-william-clay-ford <p><span style="line-height: 1.5;">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.</span></p><p>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.</p><p> Fri, 14 Mar 2014 19:10:59 +0000 John U. Bacon 16879 at http://michiganradio.org Remembering William Clay Ford Martha Ford to take over Detroit Lions ownership http://michiganradio.org/post/martha-ford-take-over-detroit-lions-ownership <p>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, <a href="http://www.freep.com/article/20140310/SPORTS01/303100068/detroit-lions-martha-ford-william-clay">Dave Birkett of the Detroit Free Press </a>reports.&nbsp;</p><p>Ford, the last surviving grandchild of Henry Ford, passed away Sunday morning at the age of 88.&nbsp;</p> Mon, 10 Mar 2014 17:47:54 +0000 Michigan Radio Newsroom 16790 at http://michiganradio.org Martha Ford to take over Detroit Lions ownership Car companies that innovate have the edge, says study http://michiganradio.org/post/car-companies-innovate-have-edge-says-study <p align="LEFT">It's a car-eat-car world out there, and Boston Consulting Group says the competition is only going to get more fierce.</p><p align="LEFT">BCG's new study finds that companies that are more innovative will have an important competitive advantage.&nbsp;</p><p align="LEFT">Analyst Xavier Mosquet says a majority of people say they want to buy a car from a company they perceive as innovative.</p><p align="LEFT">But, it&nbsp;may not&nbsp;be easy to meet their expectations.&nbsp;</p> Thu, 06 Feb 2014 18:13:09 +0000 Tracy Samilton 16329 at http://michiganradio.org Car companies that innovate have the edge, says study Ford's hourly workers will receive $8,800 bonus check http://michiganradio.org/post/fords-hourly-workers-will-receive-8800-bonus-check <p>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.</p><p>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.</p> Tue, 28 Jan 2014 18:39:54 +0000 Mark Brush 16209 at http://michiganradio.org Ford's hourly workers will receive $8,800 bonus check Ford CEO Mulally says he's not leaving for Microsoft http://michiganradio.org/post/ford-ceo-mulally-says-hes-not-leaving-microsoft <p>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.<br /><br />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.<br /> Wed, 08 Jan 2014 00:48:07 +0000 The Associated Press 15925 at http://michiganradio.org Ford CEO Mulally says he's not leaving for Microsoft Ford calls 2013 one of best financial years ever http://michiganradio.org/post/ford-calls-2013-one-best-financial-years-ever <p><span style="font-family: arial, sans-serif; font-size: 13.333333969116211px; line-height: normal;">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.</span></p><p><span style="font-family: arial, sans-serif; font-size: 13.333333969116211px; line-height: normal;">T</span><span style="font-family: arial, sans-serif; font-size: 13.333333969116211px; line-height: normal;">he automaker expects 10% revenue growth, improved market share in all regions except Europe and stronger cash flow than a year ago.</span></p><p><span style="font-family: arial, sans-serif; font-size: 13.333333969116211px; line-height: normal;">The company released its forecast&nbsp;</span><span class="aBn" data-term="goog_655543423" style="border-bottom-width: 1px; border-bottom-style: dashed; border-bottom-color: rgb(204, 204, 204); position: relative; top: -2px; z-index: 0; font-family: arial, sans-serif; font-size: 13.333333969116211px; line-height: normal;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">Wednesday</span></span><span style="font-family: arial, sans-serif; font-size: 13.333333969116211px; line-height: normal;">&nbsp;ahead of a presentation to analysts by Chief Financial Officer Bob Shanks.</span></p><p><span style="font-family: arial, sans-serif; font-size: 13.333333969116211px; line-height: normal;">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.</span></p><p> Wed, 18 Dec 2013 14:55:13 +0000 The Associated Press 15745 at http://michiganradio.org Ford calls 2013 one of best financial years ever What's behind General Motors' decision to withdraw Chevy from Europe? http://michiganradio.org/post/whats-behind-general-motors-decision-withdraw-chevy-europe <p>Today, General Motors announced plans to largely withdraw its Chevrolet brand from Europe beginning in 2016.</p><p>The automaker says the decision was largely due to a challenging business model and the difficult economic situation in Europe.</p><p>Meanwhile, the Ford Mustang is celebrating its 50th birthday with a new design — and plans to go global.</p><p>Russell Padmore, business reporter for the BBC, joins us from London to talk about the latest auto news.</p><p><em>Listen to full interview above.&nbsp;</em></p><p> Thu, 05 Dec 2013 21:47:47 +0000 Stateside Staff 15557 at http://michiganradio.org What's behind General Motors' decision to withdraw Chevy from Europe? Anticipation, anxiety as Ford nears Mustang reveal http://michiganradio.org/post/anticipation-anxiety-ford-nears-mustang-reveal <p align="LEFT">On Thursday, &nbsp;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.</p><p align="LEFT">Talk to just about any Mustang owner, and you'll get a story about how their love affair with the car began.</p><p align="LEFT">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.</p> Tue, 03 Dec 2013 21:53:24 +0000 Tracy Samilton 15522 at http://michiganradio.org Anticipation, anxiety as Ford nears Mustang reveal There's 1 month left to 2013, but its already been a good year for Detroit's Big 3 http://michiganradio.org/post/theres-1-month-left-2013-its-already-been-good-year-detroits-big-3 <p>Auto companies report November's auto sales next week.</p><p></p><p>The news should be good, especially for Ford, Chrysler and Detroit.</p><p></p><p>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.&nbsp; &nbsp;</p><p></p><p>“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.</p><p></p> Fri, 29 Nov 2013 21:25:00 +0000 Tracy Samilton 15486 at http://michiganradio.org There's 1 month left to 2013, but its already been a good year for Detroit's Big 3 The most popular car in Michigan is the Ford Fusion http://michiganradio.org/post/most-popular-car-michigan-ford-fusion <p>That's according to <a href="http://www.businessinsider.com/best-selling-car-in-every-state-map-2013-11#ixzz2lImYvrsb">Business Insider</a>.&nbsp;Alex Davies and Mike Nudelman&nbsp;<span style="line-height: 1.5;">produced a map for the magazine showing top car choices in each state using data from Kelley Blue Book.</span></p><p>KBB looked at data going back to the beginning of this year.</p><p>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.</p><blockquote><p><span style="font-family: Helvetica, Arial, sans-serif; font-size: 15px; line-height: 20px;">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.</span></p></blockquote><p> Thu, 21 Nov 2013 17:32:19 +0000 Mark Brush 15374 at http://michiganradio.org The most popular car in Michigan is the Ford Fusion Automakers tally double digit sales gains in August http://michiganradio.org/post/automakers-tally-double-digit-sales-gains-august <p>August was a good month for U.S. automakers.</p><p>Nearly all automakers are reporting double-digit sales gains as August shapes up to be another strong month for the industry.</p> Wed, 04 Sep 2013 14:54:42 +0000 The Associated Press 14259 at http://michiganradio.org In this morning's news: the Affordable Care Act, Detroit's legal fees, and the Ford C-Max http://michiganradio.org/post/mornings-news-affordable-care-act-detroits-legal-fees-and-ford-c-max <p><strong>Affordable Care Act provides healthcare counselors</strong></p><p>Low income Michigan residents will soon have <a href="http://www.michiganradio.org/post/navigators-picked-guide-michiganders-through-health-plans-tied-affordable-care-act">help navigating their new insurance options</a>.&nbsp; 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.&nbsp; The Affordable Care Act goes into effect on January 1st but people will have two months to enroll.<br><br><strong>Detroit's bankruptcy is costly</strong><br><br>Though Detroit's creditors may never be paid back, the city's lawyers and consultants stand to make a lot of money.&nbsp; The Detroit Free Press has <a href="http://www.freep.com/article/20130710/NEWS01/307100023/Detroit-legal-financial-restructuring-municipal-bankruptcy">reported</a> that the legal fees could reach $100 million.&nbsp; But Michigan Radio's Lester Graham <a href="http://www.michiganradio.org/post/hundreds-millions-dollars-legal-fees-still-pocket-change-detroit-bankruptcy">reports</a> that the total could eventually double that or even more.<br><br><strong>Ford C-Max not as efficient as advertised</strong><br><br>The Ford Motor Company has had to adjust its reported gas mileage for the C-Max after it previously overstated the figure.&nbsp; Michigan Radio's Tracy Samilton <a href="http://www.michiganradio.org/post/c-max-doesnt-get-mileage-ford-advertised">reports </a>that Ford advertised a 47 mpg for the C-Max. Consumer Reports magazine tested the vehicle and reported an average 37 mpg. Fri, 16 Aug 2013 14:04:07 +0000 Michigan Radio Newsroom 14019 at http://michiganradio.org In this morning's news: the Affordable Care Act, Detroit's legal fees, and the Ford C-Max The C-Max doesn't get the mileage Ford advertised http://michiganradio.org/post/c-max-doesnt-get-mileage-ford-advertised <p>The Ford C-Max's fuel efficiency isn't what the Detroit automaker advertised.</p><p>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.</p><p>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.&nbsp;</p><p> Thu, 15 Aug 2013 18:24:21 +0000 Michigan Radio Newsroom 14006 at http://michiganradio.org The C-Max doesn't get the mileage Ford advertised Sales of electric vehicles climb higher and prices drop http://michiganradio.org/post/sales-electric-vehicles-climb-higher-and-prices-drop <p><a href="https://media.gm.com/content/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2013/Aug/0806-volt-pricing.html">GM announced today</a> that the price of a Chevy Volt will drop by $5,000:</p><blockquote><p style="margin-bottom: 20px; padding: 0px; line-height: 20px; color: rgb(51, 51, 51); font-size: 13px; font-family: arial;">The 2014 model will start at $34,995...</p> Tue, 06 Aug 2013 17:06:39 +0000 Mark Brush 13849 at http://michiganradio.org Sales of electric vehicles climb higher and prices drop GM makes $1.2 billion quarterly profit - same as Ford http://michiganradio.org/post/gm-makes-12-billion-quarterly-profit-same-ford <p align="LEFT">General Motors is number two in global auto sales so far this year, just behind Toyota, and just in front of Volkswagon.</p><p align="LEFT">So why didn't GM make more money than its Dearborn rival, Ford Motor Company, in the second quarter?</p><p align="LEFT">Both companies made $1.2 billion, but Ford made that money based on a lower volume of sales.</p> Thu, 25 Jul 2013 22:30:10 +0000 Tracy Samilton 13704 at http://michiganradio.org GM makes $1.2 billion quarterly profit - same as Ford Ford Motor Company makes $1.2 billion in second quarter http://michiganradio.org/post/ford-motor-company-makes-12-billion-second-quarter <p>Have you looked at a Ford financial report lately?</p><p>Ford Motor Company posted its 16th consecutive quarter of profitability on Wednesday.&nbsp; 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.</p><p>Ford is still losing money in Europe, as expected, due to the region's protracted recession.&nbsp; But even in Europe, there is some good news.</p> Wed, 24 Jul 2013 15:30:12 +0000 Tracy Samilton 13669 at http://michiganradio.org Ford Motor Company makes $1.2 billion in second quarter Ford turns to social media to fill white collar jobs http://michiganradio.org/post/ford-turns-social-media-fill-white-collar-jobs <p>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.</p><p>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.&nbsp;</p> Tue, 23 Jul 2013 15:52:34 +0000 Tracy Samilton 13648 at http://michiganradio.org Ford turns to social media to fill white collar jobs Ford pilot program to help unhealthiest workers http://michiganradio.org/post/ford-pilot-program-help-unhealthiest-workers <p>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&nbsp;health care costs.</p><p>Ford Motor Company says 61% of its health care costs are from&nbsp;employees who suffer from at least one, but often multiple, chronic illnesses. Those include heart disease, lung disease, diabetes, and asthma.</p><p>The company hopes to reduce those costs, while improving the quality of life for the people burdened by chronic illness.</p> Mon, 24 Jun 2013 21:48:59 +0000 Tracy Samilton 13222 at http://michiganradio.org Google and Ford have cars driven by robots, but will cars think for themselves someday? http://michiganradio.org/post/google-and-ford-have-cars-driven-robots-will-cars-think-themselves-someday <p>Ford Motor Company recently started testing its cars with the help of robots.</p><p>The company does robotic testing on vehicles for durability at the Michigan Proving Grounds in Romeo, according to a <a href="http://www.mlive.com/auto/index.ssf/2013/06/video_ford_develops_robotic_te.html#incart_river_default" target="_blank">recent story</a> from MLive.</p><p><a href="http://connect.mlive.com/user/mwayland/posts.html" target="_blank">Michael Wayland </a>reported that Ford has used robots to test drive eight of its vehicles, including several truck models as well as the Fiesta.</p><p> Tue, 18 Jun 2013 19:49:13 +0000 Michigan Radio Newsroom 13090 at http://michiganradio.org Google and Ford have cars driven by robots, but will cars think for themselves someday?