Kuzak, Booth Stepping Down at Ford but Mulally Says “No Plans to Retire.”
Two of Ford's most senior - and influential - executives will retire, though CEO Alan Mulally insists the move will mean "no change" in the maker's global One Ford strategy. Meanwhile, Mulally says...
View ArticleAutomakers May Sidestep Resin Shortage
A critical meeting in Detroit today could determine whether the auto industry has dodged the bullet, finding a way to sidestep the shortage of a key chemical resin used in everything from fuel tanks to...
View ArticleFord Doubling Quarterly Dividend
Ford Motor Co. will take another critical step in its recovery by doubling its shareholder dividend. Stockholders will receive a 10-cent payout, a move comes as the maker prepares to announce strong...
View ArticleFord Reports $8.8 Billion in Profit
Ford reported $8.8 billion in pre-tax profits for 2013, including a record $8.6 billion for North America, although it would have been higher if not for issues in Europe. For more, go to...
View ArticleFord Finds Way to Boost Bottom Line by $1.5 Billion
In a move that will give the company's bottom line an immediate, $1.5 billion boost, Ford is changing its method for reporting pension and other retirement benefits. The move means Europe is now back...
View ArticleGM, Ford Insist They Will Remain Profitable in Deep Recession
Seven years after Detroit’s auto industry nearly collapsed, officials at the two largest domestic makers are taking pains to assure investors they will not only survive but thrive during the next big...
View ArticleDespite Solid July Sales, Ford CFO Sees US Auto Recovery at an End
"The growth is over," or so warns Ford CFO Bob Shanks. After a record turnaround that saw US car sales reach 17.5 mill, there are growing signs the industry is peaking. But when will the ride end, and...
View ArticleThe Sky Isn’t Falling, Says GM President
It’s been a great ride for the US auto industry, but some experts believe it's about to end, with sales now at their peak. Or are they? GM President Alan Batey remains one of the industry's bulls,...
View ArticleFord Replacing CFO Shanks with Amazon Veteran
Another shake-up in Ford's exec suite. CFO Bob Shanks is replaced by Amazon vet Tim Stone. Though Shanks was set to retire, the move was still a surprise to some observers. TheDetroitBureau.com has the...
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