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Ford Motor Company

The Tesla Model S, first introduced in June 2012
Tesla Motors

Here’s the latest Detroit indignity: Tiny Tesla, the electric automaker, is felling giants.

The Silicon Valley startup created in 2003 is worth more in market value than the American industrial icon founded exactly 100 years earlier by Henry Ford, the premier innovator of his time.

Tesla’s not far behind General Motors, either. The promise of game-changing innovation, the hope that someone new can crack the emissions-free code is causing tons of smart money to flow into Chairman Elon Musk’s Tesla.

Nearly $49 billion-worth, to be precise.

A Tesla electronic car at a charging station
Austin Kirk / Flickr - http://j.mp/1SPGCl0

It's a tiny company packing a big punch with investors.

Electric car maker Tesla now has a higher market value than Ford. It's just behind General Motors at the top of the list. 

Ford Motor Company saw its sales drop by 7% from March of 2016, the most of the Big Three automakers.
Ford Motor Company

U.S. automakers sold 1.56 million new cars and trucks in March. That's down 1.6% from this time last year.

Ford Motor Company saw its sales drop by 7% from March of 2016, the most of the Big Three automakers.
Ford Motor Company

Forget the “Lost Decade.”

Profitable automakers racing for the new-new thing of mobility are starting to create the "Next Decade." On one track are the likes of General Motors and Ford Motor, each booking record profits on the strength of trucks and SUVs. On the other track is a whole new world with the power to change the perception – and reality – of Michigan as we know it.

The Ford plant in Flat Rock is currently making Mustangs and Lincoln Continentals, but there's something new on the horizon.
Steve Shotwell / Flickr - http://j.mp/1SPGCl0

Daniel Howes' column today in the Detroit News looks at some decisions by Ford Motor Company, and what they say about the future of the auto industry and Michigan.

Howes wrote about Ford’s investments in three plants, including an engine plant, and one retooling to make the returning Ford Ranger and Bronco. But he says it's what’s happening with that third investment that says a lot about what Ford is doing. 

American and Chinese flags
U.S. Department of Agriculture / Flickr - http://bit.ly/1rFrzRK

President Donald Trump wants U.S. automakers to build their vehicles in the United States. U.S. carmakers want him to ease up on upcoming emissions regulations.

That's the framework for the president's visit with auto leaders today in Ypsilanti. The visit comes right on the heels of Ford's announcement that its luxury Lincoln unit will start building SUVs in China with a local partner.

GM Building in Detroit
ANDREA_44 / FLICKR - HTTP://J.MP/1SPGCL0

The big story from General Motors is its decision to bail on the European market by selling off its Opel and Vauxhall units to the French PSA Group.

Detroit News business columnist Daniel Howes thinks there will be more to come in this worldwide automotive "dating game."

Jeso Carneiro / FLICKR - HTTP://J.MP/1SPGCL0

In the 1920s, demand for rubber shot way up. With more cars being made, the auto manufacturers needed rubber for tires, hoses and other things.

Henry Ford decided he would go right to the source for his rubber. In 1928, he planned a rubber tree plantation and what essentially was a model Midwestern town along the Amazon River in Brazil.

He called it Fordlândia.

Ford Motor Company's headquarters in Dearborn.
Ford Motor Company

Ford Motor Company plans to build a $200 million aerodynamic testing facility in suburban Detroit.

The Dearborn-based automaker announced Wednesday that the wind tunnel complex will be on 13 acres next to Ford's current Driveability Test Facility in Allen Park.

In an announcement, the company highlighted consumers' desire for improved fuel economy:

The Ford plant in Flat Rock is currently making Mustangs and Lincoln Continentals, but there's something new on the horizon.
Steve Shotwell / Flickr - http://j.mp/1SPGCl0

During the presidential campaign, candidate Donald Trump blasted Ford Motor Company for building cars in Mexico. But despite the rocky start, a recent Bloomberg piece explains how Bill Ford, Jr., executive chairman of Ford Motor Company, is trying to maintain a relationship with the president.

President Barack Obama in Detroit on Labor Day in 2011.
screen grab from YouTube video

President Barack Obama leaves office tomorrow and he leaves behind a complicated legacy when it comes to the auto industry.

Detroit News business columnist Daniel Howes reviews Obama’s relationship with automakers in his latest column.

The Honda Ridgeline won the 2017 North American Truck of the Year.
Mark Brush / Michigan Radio

Reporters from around the world have spent the week checking out the offerings at the North American International Auto Show.

Today, suppliers got their turn. The black-tie charity preview is tomorrow night and Saturday morning, the doors at the Cobo Center open to the public.

Paul Eisenstein is the publisher of TheDetroitBureau.com and he joined Stateside to talk about the buzz surrounding this year's auto show, a major shift in the industry and the latest news about Chrysler getting in trouble with the EPA. 

Daniel Howes: "Unless this president can repeal the laws of market economics, companies are going to go elsewhere to find production sites and sources for things"
Gage Skidmore / Flickr - http://j.mp/1SPGCl0

There's been something besides the shiny new cars, SUVs and trucks grabbing attention this week at the North American International Auto Show.

That something is the uncertain future for the auto industry under incoming President Donald Trump.

Detroit News business columnist Daniel Howes joined Stateside to talk about some of the anxiety that exists in the auto industry and what some experts are saying about a potential repeal of NAFTA (North American Free Trade Agreement)

According to Daniel Howes, if automakers have to pay more in taxes and tariffs for building outside the U.S., the cost of vehicles could go up for American consumers.
Fiat Chrysler Automobiles

The U.S. auto industry came into the crosshairs of President-elect Donald Trump's Twitter feed this week. Trump aimed a Tweet straight at General Motors, grumbling about GM's building of the Chevy Cruze in Mexico.

Jack Lessenberry
Michigan Radio

Ford changed gears yesterday, with an announcement that it's canceled plans for a new factory in Mexico and will instead invest $700 million in its Flat Rock plant in Michigan. This Week in Michigan Politics, Morning Edition host Doug Tribou and senior news analyst Jack Lessenberry talk about whether pressure from President-elect Donald Trump influenced that decision.

They also talk about former state Senator Gretchen Whitmer's announcement that she plans to run for governor of Michigan in 2018, and new Macomb County Public Works Commissioner Candice Miller's response to the massive sinkhole in the city of Fraser. 


Andrea_44 / Flickr - http://j.mp/1SPGCl0

President-elect Trump was busy on Twitter Tuesday morning, this time firing a warning shot across the bow of General Motors.

To quote Mr Trump: "General Motors is sending Mexican made model of Chevy Cruze to US car dealers-tax free across border. Make in U.S.A or pay big border tax!"

Michelle Krebs, a senior analyst for Autotrader, joined Stateside to talk about the situation between the president-elect and the power he is attempting to show over the auto industry.

Ford autonomous test vehicle
Ford Motor Company

Ford Motor Company won't be building a new plant in Mexico, but will instead invest $700 million in a plant in southeast Michigan.

The Flat Rock Assembly Plant will be updated to create a factory capable of producing high-tech electrified and autonomous vehicles.  

The plant’s expansion will bring 700 new jobs directly to Flat Rock.

Ford also confirmed seven of 13 new global electrified vehicles will be coming in the next five years, including an F-150 Hybrid, a Mustang Hybrid and a Transit Custom plug-in hybrid.

Ford Motor Company

Ford Motor Company made $1 billion during the third quarter, down $1.2 billion from its record third quarter earnings last year.

The automaker says the lower profit was driven primarily by three things:

Steven Rhodes
Sarah Cwiek / Michigan Radio

A new community center will soon open up inside a Detroit school.

The Ford Resource and Engagement Center is at Fisher Upper Magnet Academy, on the city’s east side.

The Ford Fund, the Ford Motor Company’s philanthropic arm, is sponsoring the $5 million project. It’s part of a $20 million commitment to community causes in Southeast Michigan.

Trump says Ford leaving America, but company fires back

Sep 27, 2016
"For Republicans who have not distanced themselves from Trump, it may be too late," Demas told us.
flickr user Gage Skidmore / http://j.mp/1SPGCl0

During last night's presidential debate, Donald Trump's opening statement included his remark that Michigan is losing thousands of jobs and that Ford is leaving Michigan for other countries like Mexico. 

“So Ford is leaving. You see that their small car division [is] leaving. Thousands of jobs leaving Michigan, leaving Ohio. They’re all leaving. And we can’t allow it to happen anymore,” he said.

2017 Ford GT
Ford Motor Company

Ford Motor Company received 6,506 applications during its one-month window for people who want to own a 2017 GT supercar. 

But there will only be 500 lucky owners. And it's not first-come, first-serve.

Ford will select who gets one of the cars, giving preference to people who've owned a GT, for example, or those who have a "strategic alliance" with Ford, or – most importantly – people who can generate buzz for the Ford brand.

To boost their chances, quite a few GT hopefuls included videos with their applications. 

IFCAR / Wikipedia/public domain

Ford Motor Company made a record $7.4 billion in 2015, largely on the basis of profits in North America and despite a very big loss of $832 million in South America.

Chief Financial Officer Bob Shanks says the automaker also made a record pre-tax profit of $765 million in the Asia Pacific region – and the automaker returned to profitability in Europe for the first since 2011.

UAW hourly workers will share in the good news.

Ford Motor Company

Ford Motor Company just can't seem to get investors to believe.

The company likely had its most profitable year ever in 2015.

On Tuesday, Ford announced a special dividend supplement of a billion dollars. 

And its stock fell. 

At the 2016 Automotive News World Congress in Detroit, Ford CEO Mark Fields said he is not discouraged, despite the company's persistently low stock price on average.

Steve Carmody / Michigan Radio

UAW employees at Nexteer in Saginaw County are voting on a new contract today.   A ‘No’ vote could affect General Motors and Fiat Chrysler.  

This is the second time around for Nexteer’s three thousand workers at its Buena Vista plant. They resoundingly rejected a previous deal and walked picket lines for a day before this new offer.

Nexteer supplies steering and driveline systems to General Motors. It also supplies parts to Ford, Fiat Chrysler and Toyota.

The contract includes a two thousand dollar signing bonus, as well as a wage increase. 

Steve Carmody / Michigan Radio

UAW workers at a major General Motors parts supplier have resoundingly rejected a new contract.

Nexteer is based in Saginaw County.   The company employs more than 3,000 employees.  Almost all of them voted against the contract.

The results of Sunday’s voting: 3103 against to 80 for.

Ford Motor Company's headquarters in Dearborn.
Ford Motor Company

DETROIT - Ford workers have voted in favor of a new four-year contract.

The United Auto Workers union said late Friday that the contract passed with a 51.4% vote.  The agreement covers 53,000 U.S. hourly workers at 22 plants.

The contract raises wages for all workers and promises $9 billion in investments at Ford's U.S. plants over four years.

It also promises ratification bonuses of up to $10,250 per worker.

UAW
UAW

DEARBORN, Michigan - Leaders of the United Auto Workers are making a push for the union's proposed contract with Ford, which is heading for defeat in votes at Ford's plants.

The union's chief Ford negotiator, Jimmy Settles, said Wednesday that with 75 percent of workers voting, the contract is failing by a 52-48 percent margin. Voting ends Friday.

DETROIT (AP) - Ford Motor Co. and the United Auto Workers union have reached a tentative agreement on a new four-year contract.

  The UAW said the agreement was reached Friday morning. The contract covers 53,000 workers at 22 U.S. plants.

Fiat Chryler CEO Sergio Marchionne, left, and UAW President Dennis Williams.
UAW

A tentative contract agreement has been reached by Fiat Chrysler Automobiles and United Auto Workers, one that FCA CEO Sergio Marchionne describes as “transformational.”

Detroit News business columnist Daniel Howes says this proposed deal sets a high bar.

United Auto Worker contingent at a protest in New York.
Thomas Good / wikimedia commons - http://michrad.io/1LXrdJM

The current negotiations over the contracts are continuing pretty much out of the spotlight. There’s a delicate balance that both sides are trying to pull off.

Detroit News business columnist Daniel Howes shared the "wants" and "needs" of both sides in these contract talks with us.

He penned a column today in the News about the talks.

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