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Archive for the ‘Lincoln’ Category

Lincoln Adds More Star Power to its Ads with Serena Williams

Tennis star talks about role Navigator played in her life.

by on Feb.15, 2018

Tennis great Serena Williams is promoting the new Lincoln Navigator.

All right, all right, all right. It’s time for a new Lincoln spokesperson and new mom Serena Williams — already once a Navigator owner — is stepping into the role.

Lincoln has pinned a lengthy ad campaign on actor Matthew McConaughey and now expands its celebrity spokesperson stable to include Williams, who has won 23 Grand Slam tennis titles, to promote the newly redesigned Navigator.

News Now!

“Serena is an amazing athlete who has won 23 Grand Slams, but she also has a family, she has her own clothing line, she sits on major boards, she’s philanthropic – she has all these competing demands on her time,” said John Emmert, group marketing manager, The Lincoln Motor Co. (more…)

GM Sales Increase in China as Ford Sales Fall in January

Cadillac leading the way for GM.

by on Feb.12, 2018

Cadillac set a sales record in January in China, now the luxury division's largest market.

General Motors and its joint ventures in China delivered 367,712 vehicles in January, posting a year-over-year increase of 14.5%, but Ford Motor Co. suffered a reversal as sales dropped by 1% to 75,990 vehicles.

Nissan sales rose 13.1%. while Toyota Motor Co. sales rose 12.4%. Toyota Motor Corp aims to sell 1.4 million vehicles in China in 2018, nearly 9% more than it sold last year. Ford’s top executive in China abruptly resigned last month, citing personal reasons.

Sales News!

GM, which is preparing to introduce 15 new or refreshed models in China this year, saw Cadillac set a new monthly sales record in what is now the brand’s largest market. (more…)

Ford China CEO Luo Resigns

Sudden departure leaves automaker with big hole to fill in important market.

by on Jan.30, 2018

Ford China Chief Jason Luo resigned suddenly just five months after taking the job.

After a poor year in China last year, Ford Motor Co.’s 2018 isn’t getting off to a better start with the resignation of Jason Luo, chairman and CEO of Ford China. The resignation takes effect immediately.

Luo joined Ford just five months ago from Key Safety Systems, and was expected to help the automaker find sustainable growth in the country. Ford came to China late and has been playing catch up. After a strong year in 2016, Luo was expected to help turnaround a difficult 2017 and 2018.

Global News!

“Jason made valuable contributions in accelerating our electric vehicle strategy, exploring opportunities to provide future smart mobility solutions for customers in China, and identifying ways to become more operationally fit,” said Peter Fleet, Ford group vice president and president, Ford Asia Pacific. “We are grateful for Jason’s service to the company and wish him all the best in the future.” (more…)

Ford Hourly Workers Getting $7,500 Profit Sharing Checks

This year's amount is lower than last year's $9,000 payout.

by on Jan.25, 2018

Ford announced it will be paying out profit sharing for 2017 averaging $7,500.

Ford Motor Co. expects to distribute profit sharing checks, averaging $7,500, to hourly workers despite the decline in the company’s earnings in 2017.

Ford posted a full-year net income for 2017 of $7.6 billion, which will result in $7,500 profit-sharing checks for an estimated 54,000 hourly workers covered by the United Auto Workers contract, the automaker said.

Union News!

The profit-sharing checks were roughly $1,500 less than the $9,000 payouts from a year ago and reflected the impact of higher costs for materials, particularly for the aluminum, which is a key ingredient in the company’s F-150 pick-up truck, which is at the heart of the company’s product line and profitability. (more…)

Strong Q4 Helps Ford Turn $7.6B Profit in 2017

Automaker predicts lower profits for 2018 as it launches 23 products.

by on Jan.24, 2018

Ford CEO Jim Hackett said the company has laid the groundwork for its end goal of producing nothing by smart vehicles.

Ford Motor Co. today reported Q4 net income of $2.4 billion, or 60 cents per share, on $41.3 billion in revenue and full-year results of $7.6 billion in net income on revenue of $156.8 billion.

The company’s pre-tax profit for the final quarter of 2017 was $1.7 billion, or 39 cents per share on an adjusted basis. The results were lower than Zacks and Thomson Reuters consensus estimates of 42 cents per share adjusted.

Financial News!

For the full year, the company’s pre-tax profit was $8.4 billion, or $1.78 per share. Again, that was lower than Thomson Reuters analysts’ estimate of $1.83 per share. The net income of $1.90 per share was also lower than what the automaker has predicted it would be a few weeks ago. It said it would be $1.95 per share. (more…)

Hackett Tells Analysts Ford Cutting Car Production

Automaker upping truck and ute production 10% while cars getting 10% cut.

by on Jan.17, 2018

Ford CEO Jim Hackett told analysts the automaker is increasing truck and ute production and cutting cars to better meet customer preferences.

With the overwhelming number of truck and sport-utility debuts and news coming out of the North American International Auto Show this year, it’s not surprising that Ford CEO Jim Hackett appears ready to make an even bigger commitment to that segment.

Hackett told analysts last night the company acknowledged the shift in preferences by U.S. consumers, however, he wasn’t ready to put a final nail in the coffin of passenger cars at Ford.

News You Can Trust!

That said, he may be grabbing a hammer as he announced the company will be increasing the number of trucks and SUVs in the Ford line-up by 10% while cutting the passenger car portfolio by the same amount. (more…)