ford motor posts
FeedPosted Sep 23rd 2009 11:40AM by Elizabeth Harrow (RSS feed)
Filed under: International markets, Forecasts, Management, Ford Motor (F), India, Options
Alan Mulally, president and CEO of Ford Motor Co. (NYSE: F), said Wednesday that he expects U.S. auto sales to rise during the next two years. Vehicle sales in 2009 are expected to range between 10.5 million and 11 million units, and Mulally predicts that number will increase to 12.5 million in 2010 and 14.5 million in 2011.
"It has started to pick up right now because we have had the stimulus packages," said Mulally, speaking before reporters in India. "So, it will be up a little now, then will go down. But overall in the long term, the sales will grow with the GDP number." The CEO added that Ford expects to be profitable by 2011.
Continue reading Ford Motor forecasts rebound in U.S. auto sales
Posted Aug 20th 2009 1:00PM by Brian White (RSS feed)
Filed under: Products and services, Industry, Ford Motor (F)
Ford Motor Co. (NYSE: F) has been one of the largest domestic champions of hybrid and electric vehicle technology in the past three years. Its Escape small SUV hybrid and Fusion passenger car hybrid are excellent sellers. What Ford hasn't publicly talked about is how the eventual transition to partial or full electric personal propulsion will affect the supply and demand of electric energy in the U.S.
In other words, the U.S. could not just transition from gas-powered vehicles to hundreds of thousands (or millions) of hybrid or full-electric vehicles in just a decade or so and not expect the electrical grid to be as happy as a clam. Power is cheaper to supply at night and the way we actually use electricity (washing dishes at night, as well as clothes, for example) has a huge impact on cost and other factors. Ford wants to make sure its hybrid and electric customers know this.
Continue reading Ford wants 'smarter charging' for hybrid vehicles
Posted Aug 4th 2009 12:00PM by Brian White (RSS feed)
Filed under: Competitive strategy, Ford Motor (F)
Ford Motor Co. (NYSE: F) is the only U.S. car company left standing that hasn't succumbed to government aid or taken a path through bankruptcy. But, in a way, it has found a little help from the U.S. government recently, as it posted the first monthly sales gain since 2007 on the back of the "Cash for Clunkers" trade-in program that worked so well, the initial billion dollars for the program is already exhausted.
It took about a week for consumers to plow through rebates up to $4,500 from the government and to swipe almost the entire $1 billion from the program. There was so much demand that the program was feverishly being planned to be extended with new government money. Ford alone saw a 2.4% increase over last year. $2 billion more was approved for the program by Congress, so will Ford continue to see gains with the new money? August could end up being larger than July, yes?
Continue reading Ford the biggest winner in the 'Cash for Clunkers' program
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