Ford Motor Company http://michiganradio.org en Detroit pulled off a miracle during WWII; can it do the same thing today? http://michiganradio.org/post/detroit-pulled-miracle-during-wwii-can-it-do-same-thing-today <p></p><p><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">For months, we’ve been embroiled in Detroit’s bankruptcy and attempts&nbsp;</span><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">to save what there is worth saving.</span></p><p><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">It is hard to pick up any national publication without finding stories&nbsp;</span><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">about Detroit, few of them good. There are a spate of new book titles&nbsp;</span><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">too, which mostly chronicle the city’s decline and fall.</span></p><p><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">Yet I’ve just been reading an utterly fascinating and inspiring new&nbsp;</span><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">book about a time when Detroit really did save, or at least help save,&nbsp;</span><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">the world.</span></p><p><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">The book, just published by Houghton Mifflin, is<em> The&nbsp;</em></span><em><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">Arsenal of Democracy: FDR, Ford Motor Company, and Their Epic Quest to Arm</span></em><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;"><em> an America at War</em>.</span></p><p><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">This is a book with characters larger and more bizarre than life. It&nbsp;</span><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">tells the story of a Detroit-based triumph that the experts said was&nbsp;</span><span style="color: rgb(34, 34, 34); font-family: arial; font-size: small; line-height: normal;">impossible. And every word in it is true.</span></p><p> Fri, 13 Jun 2014 14:16:10 +0000 Jack Lessenberry 17989 at http://michiganradio.org Detroit pulled off a miracle during WWII; can it do the same thing today? Ford lowers mileage rating for 6 vehicles, mostly hybrids http://michiganradio.org/post/ford-lowers-mileage-rating-6-vehicles-mostly-hybrids <p>You think Ford was a little embarrassed last year after <a href="http://michiganradio.org/post/michigan-radio-tests-fuel-economy-c-max-your-mileage-will-vary">having to reduce its mileage claims for the Ford C-Max</a>? Now they have to reduce those claims for six 2013 and 2014 models (claims on the C-Max have to be reduced <em>again</em>).</p><p><span style="line-height: 1.5;">All of Ford's 2013 hybrid and plug-in hybrid vehicles are affected, as well as most 2014 Fiesta models.</span></p><p>Here's a little damage control from Ford's Raj Nair:</p><p>http://youtu.be/Cz19ugjFZG0</p> Thu, 12 Jun 2014 21:05:03 +0000 Mark Brush 17981 at http://michiganradio.org Ford lowers mileage rating for 6 vehicles, mostly hybrids Ford announces CEO Alan Mulally will retire in July http://michiganradio.org/post/ford-announces-ceo-alan-mulally-will-retire-july <p></p><p><span style="line-height: 1.5;">It was perhaps the worst-kept secret in recent business history: Ford Motor Company has made it official today that their CEO Alan </span>Mulally<span style="line-height: 1.5;">, is retiring July first.&nbsp;</span></p><p>His successor, as expected, will be COO Mark Fields.&nbsp;</p><p>Detroit News Business Columnist Daniel Howes&nbsp;sat down with Ford Executive Chairman Bill Ford shortly after this morning's announcement.</p><p><span style="line-height: 1.5;">Howes joined us to talk about the timing of the announcement, and that conversation with Bill Ford.&nbsp;</span></p><p><span style="line-height: 1.5;"><em>Listen to the full interview above.&nbsp;</em></span></p><p> Thu, 01 May 2014 20:23:44 +0000 Stateside Staff 17448 at http://michiganradio.org Ford announces CEO Alan Mulally will retire in July Mark Fields to replace Alan Mulally as CEO at Ford http://michiganradio.org/post/mark-fields-replace-alan-mulally-ceo-ford <p><em><strong>Update: 9:33am</strong></em></p><p>Fields thanked Mulally for leaving "this gift of a transformed Ford."</p><p>Mulally said that he hasn't decided what he will do after retiring in July.&nbsp;</p><p><em><strong>8:42 am</strong></em></p><p>Ford Motor Co. announced this morning that CEO Alan Mulally is retiring on July 1&nbsp;and will be replaced by Chief Operating Officer Mark Fields.</p><p>Mulally and Executive Chairman Bill Ford have scheduled a news conference for 9 a.m.&nbsp;at the company's Dearborn, Michigan, headquarters. Michigan Radio's Tracy Samilton will be there.</p><p> Thu, 01 May 2014 12:42:58 +0000 Vincent Duffy 17439 at http://michiganradio.org Mark Fields to replace Alan Mulally as CEO at Ford Effort underway to restore historic Ford Model T plant in Highland Park, Michigan http://michiganradio.org/post/effort-underway-restore-historic-ford-model-t-plant-highland-park-michigan <p></p><p><span style="line-height: 1.5;">One of the most significant sites in the history of Detroit – and the modern world – has also been one of the most sadly neglected.</span></p><p><span style="line-height: 1.5;">Not only that, it isn’t even in Detroit.</span></p><p><span style="line-height: 1.5;">Every day, thousands of commuters drive by an old red-brick building on Woodward Avenue in the little enclave city of Highland Park.</span></p><p><span style="line-height: 1.5;">You need to know three things about Highland Park. It is a separate city embedded in northern Detroit. Economically, it is even worse off. </span></p><p><span style="line-height: 1.5;">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.</span></p><p><span style="line-height: 1.5;">Millions and millions of Model </span>Ts<span style="line-height: 1.5;">, 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.</span></p><p> Wed, 30 Apr 2014 15:29:04 +0000 Jack Lessenberry 17416 at http://michiganradio.org Effort underway to restore historic Ford Model T plant in Highland Park, Michigan Stateside for Tuesday, April 22, 2014 http://michiganradio.org/post/stateside-tuesday-april-22-2014 <p>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.</p><p>Then, we checked in with Michigan Radio's auto-beat reporter Tracy Samilton about big changes that are likely in the leadership at Ford.</p><p>And, on this Earth Day, what moths can tell us about the world's changing climate.</p><p>Also, we spoke with author Joseph Tirella about his book Tomorrow-Land: The 1964-65 World's Fair and the Transformation of America.</p><p>First on the show, i<span style="line-height: 1.5;">t's taken months of bargaining, bickering and posturing, but there have been promising advances in the Detroit bankruptcy journey.</span></p><p>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.</p><p>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.</p><p>Now it's on to the next hurdle: getting state lawmakers to approve Michigan's share of the grand bargain – $350 million.</p><p>Chris Gautz, Capitol Correspondent of Crain's Detroit Business, joined us today.</p><p> Tue, 22 Apr 2014 20:27:44 +0000 Stateside Staff 17317 at http://michiganradio.org Stateside for Tuesday, April 22, 2014 Mark Fields to take the place of Alan Mulally as Ford CEO http://michiganradio.org/post/mark-fields-take-place-alan-mulally-ford-ceo <p>All signs point to a big change at Ford Motor Company.</p><p>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.</p><p>Michigan Radio's auto reporter Tracy Samilton joined us today.</p><p><em>Listen to the full interview above.</em></p><p> Tue, 22 Apr 2014 20:05:31 +0000 Stateside Staff 17313 at http://michiganradio.org Mark Fields to take the place of Alan Mulally as Ford CEO 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