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Ford Ousts EVP Nair After Investigation

Company mum on investigation details.

by on Feb.21, 2018

Ford's Raj Nair is out after an internal investigation revealed he engaged in "inappropriate behavior." Nair apologized.

Raj Nair, Ford Motor Co.’s executive vice president and president, North America, resigned from the company effective immediately.

His departure comes after an internal investigation into reports of inappropriate behavior. The company said the review determined certain behavior by Nair was inconsistent with the company’s code of conduct.

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“I sincerely regret that there have been instances where I have not exhibited leadership behaviors consistent with the principles that the Company and I have always espoused,” Nair said in a released statement. “I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future.” (more…)

Ford, Mazda Expand ‘Do Not Drive’ Takata Recall

Automakers broaden small pickup recall after additional testing.

by on Feb.12, 2018

Owners of certain 2006 Ford Rangers are being told to park their trucks immediately as part of a recall to repair faulty Takata airbags.

This story has been updated with additional information.

Ford and Mazda issued a warning to about 35,000 Ranger and B-Series small pickups to stop driving the trucks immediately due to potential problems with Takata-made airbags. The action is essentially an extension of a smaller recall Ford issued last month.

In January, Ford issued the same order for 2,900 Ranger pickups for the 2006 model year because of the faulty inflators from Takata. The company became aware of a second death that occurred in a truck from the same “production run” of vehicles causing Ford to send out the urgent warning to owners.

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Mazda Motor Corp. followed suit for about 1,800 2006 Mazda B-series trucks that were built by Ford after it had issued a warning for 160 trucks last month. NHTSA said the vehicles pose “an immediate risk to safety” and asked owners to immediately schedule a free repair. (more…)

Ford Investing $25M to Boost Output of High-Profit Navigator, Expedition SUVs

Demand outstrips expectations as transaction prices surge.

by on Feb.12, 2018

Ford's remodel of the Kentucky Truck Plant to accommodate the new aluminum-bodied SUVs.

With SUVs now accounting for half of the U.S. new vehicle market, Ford Motor Co. is investing $25 million at its Kentucky Truck Plant to boost production of its big Ford Expedition and Lincoln Navigator models by 25%.

The project, which follows a $900 million update of the Louisville factory, introduces an array of high-tech tools, including 400 new robots, as well as a 3D printer that will allow workers to make parts and tools on the fly.

Truck News!

“Using a combination of Ford’s advanced manufacturing and American hard work and ingenuity, we’ll deliver more high-quality Lincoln Navigators and Ford Expeditions to customers than originally planned,” said Joe Hinrichs, Ford’s president of Global Operations. (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 Offers Up New Diesel Engine in Transit Connect

New engine will find its way across the company's product portfolio.

by on Feb.08, 2018

The new 2019 Ford Transit Connect Wagon gets an optional 1.5-liter diesel engine.

German automakers were lambasted by the editorial writers at the influential news magazine Der Spiegel for their extensive efforts to defend the diesel engine as the be all and all of a new powertrain line-up provides greater customer choice with a class exclusive diesel engine.

The editorial said that the German automakers including the Volkswagen Group, BMW and Daimler AG, had sacrificed their credibility of the diesel engines that have not lived up to their billing.

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Nevertheless, the Ford Motor Co. is moving forward with plans to bring a new small diesel engine to the United States in its next generation Transit Connect Wagon. (more…)

Ford Updates Transit Connect Min, er, Small Van

Maker looking to draw Baby Boomers with active lives with updated model.

by on Feb.08, 2018

Chicago native Jim Belushi, left, and Ford Vice President Mark LaNeve debut the Ford Transit Connect in Chicago as The Blues Brothers.

Though it claims to still be out of the minivan market, Ford’s new Transit Connect Wagon sure hopes that entrepreneurs with families will take a shine to its new offering.

The company unveiled the new small van – they don’t call it a minivan – at the Chicago Auto Show today after giving the media an early look last week. Ford executives said the new wagon is aimed at Baby Boomers with active lifestyles, who also may have a small business.

Product News!

If anyone needed any convincing it’s the Baby Boomer generation they want, one need only look at Ford Vice president, U.S. Marketing, Sales and Service Mark LaNeve and film and television star and Chicago native Jim Belushi playing the parts of The Blues Brothers at the intro of the squarish small van in the Windy City today. (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 Puts Structure to Its Mobility Plan

Automaker wants to accelerate development of Mobility unit.

by on Jan.25, 2018

Ford's new structure is designed to accelerate the company's plans for the mobility unit.

Ford President and CEO Mark Hackett recently laid out the automaker’s mobility plans at CES 2018 and the company today elaborated on the structure it is putting in place to make those a reality.

“We believe transportation done right – as part of a systems approach – can bring life back to our cities,” said Marcy Klevorn, president, Ford Mobility.

Tech News!

“By accelerating our delivery of mobility services through the changes we are making today, we are enabling that revival, enhancing our competitiveness and creating long-term value for Ford shareholders.” (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…)