Founded by Henry Ford in 1903, Ford is the second biggest US carmaker. It weathered the Great Depression intact, but only survived the Global Financial Crisis by raising more than US$20 billion in cash and mortgaging its trademark blue oval. It was the only major US carmaker to avoid a US government bailout.
Toyota Motor will stop making cars in Australia in less than four years, it said yesterday, banging the final nail in the coffin of the country's vehicle industry, despite appeals to stay by Australian Prime Minister Tony Abbott.Tuesday, 11 February, 2014, 1:47am
Ford is catching up to its competitors in key Asian markets and expects to sell more than one million vehicles there for the first time this year, a senior executive said Wednesday.
Key to that growth is China, where Ford’s sales were up 51 per cent in the first nine months of the year to 647,849 vehicles, said David Schoch, Ford’s group vice-president for the Asia-Pacific region.10 Oct 2013 - 10:56am
Ford Motor and its local partners in China sold a total of 72,834 vehicles on a wholesale basis in July, an increase of 71 per cent from a year earlier, the company said on Tuesday.
That compared to a 44 per cent increase in June.6 Aug 2013 - 11:51am
Ford Motor has sued Japanese auto-parts supplier Fujikura Ltd, claiming a conspiracy to fix the prices of electrical systems used in vehicles, the latest civil lawsuit filed in the wake of a related criminal investigation by the US Justice Department.18 Jul 2013 - 11:14am
Ford Australia faces costs double those in Europe and four times those of its Asian divisions, its local president Bob Graziano said yesterday as he announced the loss of 1,200 jobs from October 2016 at two plants in Melbourne and Geelong.24 May 2013 - 2:31am
If it was publicity Ford Motors was seeking, it got it in trunk loads. For the launch of its Figo model, the Indian unit of the American carmaker must have wanted special attention paid to the bigger storage area.30 Mar 2013 - 3:38am 2 comments
For the first time in a decade commuters will be spoiled for choice when hailing a taxi in the city. Following on the tail of carmakers BYD, Nissan, and a local Fiat dealer, the biggest commercial carmaker in the United States, Ford Motor, says it also wants a piece of Hong Kong's taxi market, which Toyota has dominated since 2003.4 Feb 2013 - 4:44am
Ford Motor's board discussed a succession plan for chief executive Alan Mulally at its monthly meeting, according to a person familiar with the discussions.
The board is preparing to promote Mark Fields to chief operating officer from president of the Americas as part of a plan to have him eventually succeed Mulally, said the person.13 Oct 2012 - 5:19am
Ford Motor is planning a dim sum bond issue worth 500 million yuan (HK$612 million) in Hong Kong to raise funds for its mainland expansion, a person familiar with the offering said.15 Mar 2012 - 12:00am
Ford Motor will launch the new generation of its best-selling Focus compact car on the mainland 'early next year', the first of 15 new models that will more than triple the Detroit car manufacturer's line-up in the world's biggest car market.5 Sep 2011 - 12:00am