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Posts Tagged ‘ford news’

Ford Recalling Ranger Pickup for Duty in US

Ford expected to respond to growing demand for midsize pickups.

by on Aug.26, 2015

Ford would need to make major changes to the global Ranger for the U.S. market.

Ford may be ready to do an about face and return to the American midsize passenger car market. After repeatedly insisting that buyers were more interested in full-sized trucks like the company’s big F-150, Ford is reportedly preparing a U.S. version of the midsize Ranger model it launched overseas two years ago.

The move appears to be triggered by the unexpectedly strong response to the all-new Chevrolet Colorado and GMC Canyon models General Motors launched last year. Ford abandoned the segment in 2011 when it stopped production of the older version of its Ranger. It has frequently said the new model was not intended for the North American market, but a revised version is apparently under development.

The Back Story!

The move not only could fill a big hole in Ford’s otherwise strong and profitable line-up but also solve a political problem for the carmaker as it races to reach a settlement with the United Auto Workers. The two sides have until September 14th to reach a new four-year contract, and a potential sticking point was Ford’s earlier announcement it would end production in Michigan of two compact models. The same plant now appears likely to handle the new Ranger.

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Ford Faces SEC Probe over Possible Russian Bribes

Agency joining forces with German authorities.

by on Aug.19, 2015

Ford is being investigated by German and U.S. regulators over charges the automaker bribed Russian customs officials.

German authorities and U.S. regulators are investigating allegations that representatives of the Ford Motor Co. participated in an illicit bribery scheme in Russia, according to the newspaper Süddeutsche Zeitung.

The U.S. Securities and Exchange Commission is helping German prosecutors to investigate the alleged payment of bribes by Ford to speed the passage of containers through Russian customs, a source at the U.S. carmaker told the newspaper. Bribes of foreign officials by U.S. companies are explicitly outlawed and can lead to severe penalties.

Your Reliable Source!

Ford and Schenker, the freight business of state-owned German rail company Deutsche Bahn, have been under investigation by German authorities since 2013 over suspected bribery and other offenses related to the busy Russian port of St. Petersburg. (more…)

UAW Workers Asked to Authorize Strikes at GM, Fiat Chrysler

Move a bargaining tool; confrontations unlikely.

by on Aug.18, 2015

GM CEO Mary Barra and UAW Pres. Dennis Williams chat before the start of a media Q&A session.

For the first time since General Motors and Chrysler were rescued by federal bailouts, workers at the two companies are being asked to authorize a strike at the two companies should they fail to lock down new contracts with the United Auto Workers Union by the September 14th deadline.

The moves are seen as procedural, however, and don’t reflect signs of trouble in the negotiations that began last month. If anything, UAW officials have said they would see a walkout as a failure and would use it only as a last resort. And the two automakers say they see no reason for a walkout.

Your Inside Source!

“The strike vote is part of the UAW’s democratic process that occurs every contract year,” GM spokeswoman Katie McBride said. “We remain committed to working with our UAW partners on an agreement that benefits employees and strengthens GM’s long-term competitiveness.”

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Fisker Back With New Rocket Speedster Concept

Limited production set to follow.

by on Aug.15, 2015

The Rocket Speedster shown with Beau Boeckmann, front left, and Henrik Fisker.

Danish designer and automotive entrepreneur Henrik Fisker is back with another low-volume custom car project, this one aimed at upping both the performance and styling of the latest Ford Mustang convertible.

Declaring it the “ultimate American muscle car,” Fisker and partner Beau Boeckmann, president of Ford mega-dealer Galpin Motors are bringing their Rocket Speedster Concept to Monterey, California this weekend for the annual Pebble Beach Concours d’Elegance.

What a Concept!

It follows the launch of the Galpin-Fisker Rocket last year, which was based on the then-new 50th anniversary Ford Mustang. Both models undergo a number of design tweaks, but for many, the real selling point will be out of initial view, a supercharged 725-horsepower V-8.

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Is Donald Trump Pressing for Cut in US Autoworkers to Make Minimum Wage?

GOP candidate presses Ford to move production from Michigan – just not to Mexico.

by on Aug.13, 2015

GOP Presidential candidate Donald Trump said he would tax each Ford vehicle imported from Mexico.

Despite yesterday’s news that Ford has brought production of its biggest pickups back from Mexico to the U.S., GOP candidate Donald Trump is continuing to threaten the Detroit maker over its plans to set up a new assembly plant south of the border.

But his alternative solution could create some serious issues of its own, perhaps breaking the union representing Ford’s American autoworkers and forcing assembly line employees to accept lower wages in order to compete with more poorly paid workers in Mexico.

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“We’ve got to keep (factories) here. It’s not that hard to do,” Trump told the Detroit News in a 15-minute interview. By allowing manufacturing jobs to move out of the U.S., “pretty soon all we’re going to have is nursing home jobs,” he added. (more…)

Ford Shifting Truck Production from Mexico to Ohio

An olive branch to the UAW?

by on Aug.12, 2015

Ford is moving production of its F-650 and F-750 from Mexico to Ohio. It marks the first time the vehicles will be built in the U.S.

With barely a month to go in its contract talks, Ford Motor Co. may have thrown a meaty bone to the United Auto Workers union.

Negotiations got off to a slightly testy start following news that the second-largest domestic automaker would likely move production of several key small car lines from Michigan to Mexico. However, Ford began production of heavy-duty versions of its F-Series pickups, which previously were built in Mexico, at a plant in Ohio: a move that will “secure” more than 1,000 union jobs.

Your Global News Source!

“Our investment in Ohio Assembly Plant reinforces our commitment to building vehicles in America,” said Joe Hinrichs, Ford’s President of the Americas. “Working with our partners in the UAW, we found a way to make the costs competitive enough to bring production of a whole new generation of work trucks to Ohio.” (more…)

Nissan, Enterprise Team Up on New College Carsharing Program

Japanese maker hopes to turn renters into buyers.

by on Aug.11, 2015

Nissan will partner with Enterprise in a bid to reach Millennials through carsharing.

Nissan is teaming up with Enterprise, the largest U.S. car rental service, in a new carsharing service that, it hopes, will eventually transform renters into shoppers.

Enterprise CarShare will target 90 college campuses across the country and, at a price of $5 an hour, could provide an alternative to fast-growing ride services like Uber and Lyft. Nissan will supply up to 25 vehicles on some campuses, 300 all told.

News to Share!

“The Enterprise CarShare program offers a convenient way for college students, faculty and staff to enjoy an extended test drive of a wide range of Nissan vehicles and to experience ‘Innovation that excites’ firsthand,” said Nissan U.S. sales chief Fred Diaz in a statement.

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Ford Turning Around F-150 Sales Problem?

Double-digit percent jump in July suggests maker on track.

by on Aug.10, 2015

Ford F-150 sales were down 2.4% through June. Some speculate a problem getting truck frames is part of the reason.

Despite all the fanfare that came with Ford’s new F-150, sales have been sluggish … until last month, when they jumped 13%, begging the question: why all of a sudden?

Prior to the July jump, F-Series sales were down 2.4% through the first six months of the year. Initially it was tied to several factors: a lukewarm reception from buyers while Ford officials noted that supplies were restricted.

Truck News!

The move to aluminum required a substantial changeover in equipment at the two plants in Michigan and Kansas that produce the truck. Ford need to shut down one plant to install the equipment while leaving the other one up and running: essentially it was running at half speed, crimping inventory. (more…)

Woodward Dream Cruise Can Celebrate Past and Present

Forget the ‘60s; the best muscle cars ever are being built today.

by on Aug.10, 2015

The latest version of Chevy's Corvette Stingray can get up to 31 mpg while making 455-hp.

The roar is back. All this week, you can expect to see countless classic hot rods, muscle cars and other exotics cruising Detroit’s main drag as the Motor City gets ready for the annual Woodward Dream Cruise.

This will mark the 20th anniversary of an improbable event that took shape almost by accident when a small car club in the Detroit suburb of Ferndale decided to change things up. Rather than having its members park their cars for their annual gathering, organizers decided it would be more fun to cruise up and down Woodward Avenue. Word got out and almost 250,000 people lined the eight-lane boulevard to watch. In recent years, that has grown to as many as 1.5 million, with an estimated 40,000 to 60,000 classic cars cruising Woodward.

Cruise on In!

“It gets bigger and bigger every year,” noted regular Dream Cruise fan Bob Wissman, who recalled spending plenty of time riding around with friends in their Corvettes, Camaros and Mustangs as a teenager back in the 1960s.

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Ford Sales in China Dip 6 Percent in July

Automaker hit by the same forces as competitors seeing declines.

by on Aug.07, 2015

Ford sales in China were down 6% in July. The maker's results mirror those of its competition.

Ford Motor Co. and its Chinese joint ventures reported a 6% sales decline compared with year-ago results, the U.S. carmaker said, reinforcing the growing evidence of a slowdown in demand for new vehicles in what has become the world’s largest car market.

General Motors, Volkswagen, Toyota, Hyundai and BMW have all reported that sales dropped across China during July even as manufacturers were forced to deploy price cuts and other incentives to hold on to business. So far only, Mercedes-Benz, which for the past two years has been aggressively shoring up its position, reported a modest increase in sales.

News You Can Trust!

GM has insisted it will be able to maintain strong profit margin on vehicles sold in China despite the spread of discounting but BMW executive have acknowledged the downturn in the Chinese market will have an impact on the company’s finances. (more…)