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Posts Tagged ‘ford news’

Despite Solid July Sales, Ford CFO Sees US Auto Recovery at an End

Sedan, coupes already signal a slowdown, but trucks holding momentum.

by on Jul.29, 2016

Ford may see a weakening of the U.S. market but its F-Series is still delivering solid numbers.

U.S. auto sales have been taking some uncertain detours in recent months, May numbers tumbling before the industry showed signs of rebounding in June. Preliminary estimates, meanwhile, suggest the market will look good for July, the industry back on track for another record year.

But senior Ford officials say that we may be at the end of the line for the current recovery, with sales likely to begin another cyclical slide in the near-term.

The Last Word!

“The growth is over,” Ford Chief Financial Officer Robert Shanks told the Reuters news service. The executive separately told analysts and reporters that, “We see the second half being softer than the first half. Looking into 2017, we think we will see further softness.”

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Ford Posts Lower Than Expected Q2 Profit

Despite missing analyst estimates, company sets new record.

by on Jul.28, 2016

Ford Motor Co.'s second-quarter profits fell short of analyst estimates at $2 billion.

Ford Motor Co. second-quarter profits came in below expectations, as the company’s operations in South America lost money and Ford Credit’s profits fell due to a decline in the value of off-lease used cars sold at auction during the quarter.

Overall, Ford reported net income $2 billion in the second quarter, which was down $190 million from a year ago. Additionally, total company adjusted pre-tax profit of $3 billion in the second quarter, typically the industry’s most profitable, was down $293 million while earnings per share were 49 cents per share – down 5 cents per share from a year ago.

Earnings News!

The results fell short of analyst consensus estimates of 60 cents per share; however, company revenue was up by $2.2 billion to $39.5 billion, exceeding analyst estimates of $36.1 billion. (more…)

Ford Fires New Salvo in Pickup Wars

Detroit maker boosts F-Series towing capacity to 21,000 pounds.

by on Jul.18, 2016

The 2017 Ford F-450 Super Duty boasts up to 27,500 pounds of towing capacity with a fifth wheel.

Pickup sales are hot right now, but competition is heating up even faster, and automakers are putting more emphasis than ever on the durability and capabilities of their trucks in a bid to win over buyers.

In recent months, fuel economy and cargo bed toughness have been spotlighted by various makers. Now, Ford Motor Co. is turning to towing capacity as it reveals specifications for the new, aluminum-bodied version of its big F-450 Super Duty model.

Ford says the heavy-duty version of the more familiar F-150 will be able to tow up to a 21,000-pound trailer, about 1,000 pounds more than competitive models. Add a fifth-wheel package and towing capacity jumps to 27,500 pounds, or more than a ton over the competition, according to Ford.

Keep on Truckin'!

“This is the best heavy-duty truck we’ve ever made,” says Doug Scott, Ford truck marketing manager.

After falling sharply during the Great Recession, pickup sales have posted a strong rebound over the last few years. But competition has also accelerated. Nissan recently launched the second of two new versions of its Titan truck. Toyota has been tinkering with its Tundra model, as well. And Detroit’s Big Three have been steadily trying to one-up each other, as well.

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Ford Tracking to Sell 1 Million Cars in China

Lincoln beats 2015's sales total in the first half the year.

by on Jul.08, 2016

Ford sales are up 5% in China in the first half of the year due to the popularity of its SUVs and crossovers, like the new Edge.

Ford Motor Co.’s sales in China could surpass 1 million units this year, marking the first time that will happen.

Vehicle sales for Ford and its joint ventures in the first half were up 5% over last year to 564,647, with June accounting for 85,105 units sold. June results were 3% higher than June 2015.

Your Auto Insider!

“We continue to see solid growth in China during the first half,” said Dave Schoch, Ford Motor Co. group vice president and president of Asia Pacific. “Even as the pace of growth slows and the market matures, customers continue to respond well to our products, particularly our world-class SUV line-up.” (more…)

First Shelby Cobra Could Set Auction Record

Pebble Beach sale could top $11 million.

by on Jul.06, 2016

Carroll Shelby never let go of the first Cobra.

Britain’s AC Cars was already producing its little Cobra model when it shipped a chassis over to the U.S. back in February 1962, modified to take a big American V-8. It was bound for Carroll Shelby, a former Army Air Force pilot, race driver and automotive designer convinced he could beat his European competition at their own game.

Working out of a small shop in Santa Fe Springs, California, Shelby and his team managed to shoehorn in a 260 cubic-inch engine lifted from a Ford Fairlane. It marked the birth of the legendary Shelby Cobra. In the coming years, Shelby would offer two even bigger engines: Ford’s 289 and 427 cubic-inch V-8s. But until his death in 2012, the legendary Texan entrepreneur kept that first Cobra for himself.

Your Auto Insider!

Now, four years after his death at the age of 89, the original Shelby Cobra, chassis number CSX 2000, is going up for auction, and auction house RM Sotheby’s is predicting it could set an all-time record for an American automobile.

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All New Lincolns to Get Standard Pickup and Delivery

New service to debut with launch of 2017 Lincoln Continental.

by on Jun.29, 2016

Lincoln will launch the new program with the Continental, then add it to other models.

Ford’s Lincoln brand has been looking for a mix of products and services that can help it to stand out in a crowded field of luxury competitors, and the latest move will make it the first automaker to offer standard pickup and delivery service on all of its 2017 models, from the little MKC crossover to the new Continental sedan coming later this year.

A handful of automakers have added free pickup and delivery for vehicles going in for service, but that’s often done at the local dealer’s discretion, or may only apply to specific models – usually at the upper end of a manufacturer’s price spectrum.

What a Luxury!

“Lincoln Pickup and Delivery service revolves around complementing our luxury vehicles with outstanding luxury experiences,” said Andrew Frick, Lincoln North American director of sales and service. “This kind of Quiet Luxury provides an exclusive and personally crafted service experience that enhances their lifestyle and saves them what is a true luxury item — their time.”

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Revology Bringing New School Tech to Old School Shelbys

Modern motor, amenities matched to magnificent Shelby Mustangs.

by on Jun.22, 2016

Florida-based Revology Cars is ready to start production on its new 1967 Shelby GT500 replicas.

Everyone has done it. You know, the “what if” game. In this case, “What if you received $200,000 tax-free to buy whatever you wanted?”

Here’s a suggestion: a 1967 Shelby GT500.

Muscling Up the News!

However, since there aren’t so many of those around, you could always put an in order for a Revology Cars to get a replica of the real deal. The Florida-based specialty automobile manufacturer, has confirmed plans for a new, licensed reproduction 1967 Shelby GT500, to be on sale by next summer. (more…)

Ford Holds Off Ferrari to Win at Le Mans

New GT yields same historic result.

by on Jun.20, 2016

Just as it did 50 years ago, Ford took the checked flag at the 24 Hours of Le Mans.

Once again, the Ford GT lived up to the hype, outlasting Ferrari and taking the checkered flag in its class at the 24 Hours of Le Mans.

The results was almost a replay of the same race 50 years ago, only Ford took to the top three spots that year. The Risi Competizione Ferrari 488 GTE finished second, but it was an epic battle that saw the No. 68 Ford GT run by Ford Chip Ganassi take and keep the lead for good at the 20-hour mark.

Racing News!

Ford GTs took third and fourth place in the GTE Pro class race respectively. (more…)

Ford Goes Back to the Beginning with ’16 Ford GT at 24 Hours of Le Mans

Maker looking for repeat of introductory performance: Top three sweep.

by on Jun.17, 2016

Ford is looking to repeat that winning formula at the 24 Hour of Le Mans with the new 2016 GT.

Ford surprised most everyone on a cold January day when in addition to showing off its latest model introductions, it rolled out a new Ford GT.

Aside from telling attendees it was powered by an EcoBoost engine, it was light as a feather and they were pretty certain they would sell it, one question remained: will they race it.

The Last Word!

Yes. (more…)

Chevy Needles Ford About Lightweight Status

Ford still outselling Chevy through May.

by on Jun.08, 2016

Chevy fired another salvo in the escalating ad war against Ford, claiming the aluminum bed of the Ford is more easily damaged by everyday mishaps on the job.

While not quite to level of hype associated with “The Rumble in the Jungle” or the “Thrilla in Manilla,” the escalating war of words between Chevy and Ford went another round with Chevy challenging the toughness of Ford’s aluminum truck bed.

As part of its latest marketing salvo, Chevy debuted a series of new videos, including one featuring a Chevy Silverado and Ford F-150 getting more than 800 pounds of landscaping blocks dropped into the bed of each … and the aftermath.

Stay in the Know!

After the stones are removed, the rolled steel bed of the Chevy shows just scratches and a few dents while the F-150’s bed showed punctures and a crack. Then they allowed several “real people, not actors” to have a look. (more…)