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Ford Aims Higher with New 2015 Explorer

New top-line Platinum edition joins SUV line-up.

by on Nov.19, 2014

The 2015 Ford Explorer Platinum moves the midsize utility vehicle up another notch in the price spectrum.

It’s been the best-selling SUV in the American market for 24 years, and it’s the single-largest export model the maker produces in the U.S., but Ford isn’t satisfied with success. It hopes to gain even more ground over its competitors with the mid-cycle update of its midsize Explorer utility vehicle.

Ford has a number of changes planned for the 2015 Explorer, including some modest exterior tweaks, an assortment of new features, a new EcoBoost engine and an all-new Platinum model that it is aiming at the sort of buyers who might otherwise move to luxury competitors such as Mercedes-Benz and BMW.

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Ford is counting on the updated Explorer to deliver strong results around the world. “This vehicle has become extremely critical for us,” stressed the automaker’s global marketing chief Jim Farley during a background briefing prior to the opening of this year’s Los Angeles Auto Show.


Ford To Get “Deal of the Year” Award

Maker cited by Ex-Im bank.

by on Mar.28, 2011

Ford Explorer to benefit from Ex-Im program.

Ford Motor Co. will receive the Deal of the Year award from the Export-Import Bank of the United States this week at the Bank’s 36th Annual Conference.

The Export-Import Bank cited Ford for the company’s use of a $250 million Ex-Im Bank-guaranteed working capital line of credit to finance the sale of 200,000 vehicles, valued at $3.1 billion, to buyers in Canada and Mexico.

“Ex-Im Bank’s line of credit will enable Ford and hundreds of its small business suppliers to support thousands of high-paying American jobs, and maintain competitiveness in global markets,” said Ex-Im Bank Chairman and President Fred P. Hochberg.

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Prior to this transaction with Ex-Im Bank, Ford had not financed its short term exports from the U.S. to Canada and Mexico.  By utilizing its vehicles as collateral, Ford now is making strategic use of Ex-Im Bank’s formula-based working capital line of credit.

“We are absolutely committed to using our U.S. manufacturing plants as a vibrant and growing source of exports around world,” said Ford Credit CFO Mike Seneski.


Ford Locks Horns With South Koreans

Maker takes aim at allegedly closed market.

by on Nov.05, 2010

Korean carmakers have a virtual lock on their home market, but is it due to unfair trade practices?

Ford Motor Co. is firing a series of broadsides at South Korea, accusing the Asian nation of keeping its market closed to foreign cars, even as it uses a free trade deal negotiated with the United States to expand auto sales here to record levels.

Korean representatives dismissed the allegations and pointed to a 2007 trade agreement between the two countries designed to offset past problems that kept the Korean car market virtually closed.

“For every 52 cars Korea ships here, the U.S. can only export one there,” blared a new website posted by Ford, at

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“We believe in free trade,” the website continued, “and this isn’t it,” it said, noting that only 5% of the currently cars sold in South Korea come from abroad.