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Posts Tagged ‘ford news’

Both GM, Ford Expected to See Sharp Drop in Q1 Earnings

GM likely to take major hit as it pays for nearly 7 million recalls.

by on Apr.23, 2014

GM CEO Mary Barra will see a sharp decline in earnings for her first full quarter as CEO.

The numbers aren’t likely to look very good when General Motors and Ford Motor Co. release their first-quarter earnings results this week, both makers expected to post sharp declines from year-ago levels.

Ford had signaled a likely slide late last year as a result of the numerous new product launches it will have in 2014. But GM’s anticipated downturn is likely to be significantly greater than first forecast as a result of its on-going recall problems – an issue expected to continue to haunt new CEO Mary Barra for some time to come.

Breaking News!

A consensus of industry analysts forecasts GM will deliver a meager 9 cents per share in earnings for the first three months of 2014, and Brian Johnson, an automotive analyst with Barclays Plc is even more bearish, predicting the U.S. giant will go a penny into the red. Prior to the announcement of GM’s initial ignition switch recall in mid-February, Johnson was looking at a profit of 20 cents, which would still have been down sharply from the 67 cents per share it earnings during the first quarter of 2013.

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Lincoln Looks East – But Can China Save American Icon?

Luxury maker betting China could become its largest market.

by on Apr.23, 2014

Lincoln is betting it can gain ground in China by focusing on its dealer experience.

It once vied with rival Cadillac for dominance in the huge U.S. luxury car market, but the last two decades have been tough for Lincoln. Sales have steadily slid to the point that some anticipate parent Ford Motor Co. might eventually abandon the once-grand marque.

Lincoln has rolled out several new products over the last two years, and it plans to add at least two more by 2016, but that’s a fraction of what rival Mercedes-Benz has in store – at least one all-new or completely updated product every three months through the end of the decade.

Auto Show News!

While Lincoln officials acknowledge they can’t keep up with that product blitz, they’re far from ready to admit defeat. But while they continue to struggle to find ways to lure more American buyers back to the brand, they’re looking East, towards China, to gain some much needed momentum.

“It’s strategically important for us to go to China,” said Matt Vandyke, Lincoln’s global director, a few days before the Ford luxury brand made its official debut at the 2014 Beijing Auto Show.

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Mulally to Retire, Fields Named New Ford CEO

New Chief Executive to face numerous challenges.

by on Apr.21, 2014

Mark Fields, who reportedly will become Ford CEO at the end of the year, shown delivering the keynote address at the NY Auto Show last week.

Ford Motor Co. CEO Alan Mulally will step down at the end of the year, according to a variety of news reports and company sources, with the maker’s current Chief Operating Officer Mark Fields to step in as his successor.

The move – which Ford declined to comment upon – is no surprise to those familiar with the automaker’s plans which were largely laid out in late 2012 when the 52-year-old Fields was appointed to the COO position, a senior company insider at the time saying the top spot was “Mark’s to lose.”

The Last Word!

“This is no surprise whatsoever,” said George Peterson, a former Ford analyst and now head of the consulting firm, AutoPacific, Inc. “Ford has been pretty straightforward about doing what they said they would do.”

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Ford Escort Makes its Return in Beijing

No plans for U.S. revival.

by on Apr.21, 2014

Ford revives the Escort for the Chinese market.

One of Ford’s most familiar – and longest running – nameplates is about to make its return, the Detroit-based maker unveiling an all-new Escort during the Beijing Motor Show.

For those who might have already forgotten, Escort was Ford’s once-popular compact, introduced in 1968 in Europe and 1981 here in the States. It continued in production through 2002, when it was replaced in Europe by the Focus which followed across the Atlantic a year later.

Insight!

The new Chinese Ford Escort will serve to fill a gap in the compact, or C-segment of that country’s booming automotive market – which now accounts for 25% of Chinese car sales — and the automaker hopes Escort will deliver some added momentum in a bid to catch up to rivals like General Motors and Volkswagen. Ford was a latecomer to the Chinese market but has experienced spectacular growth there over the last couple years.

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Lincoln Reveals New MKX Concept in Beijing

Part of major rollout plan for Chinese market.

by on Apr.20, 2014

The new Lincoln MKX Concept.

While still struggling to turn things around in the home U.S. market, Lincoln is looking to China to help revive its sagging fortunes. And this week’s Beijing Auto Show will be a critical step in the hoped-for turnaround process.

To support its formal launch in China, Ford Motor Co.’s luxury division is unveiling a new show car in Beijing, the Lincoln MKX Concept. And the prototype is but certain to reappear in production form in the near future.

Around the World with TDB!

“It’s a strong indication of the next-generation MKX,” David Woodhouse, the new Lincoln Design Director, said during a background briefing prior to the show car’s unveiling. He described the show car as, “a much more emotional design” than the fairly boxy and conventional midsize crossover it will ultimately replace.

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Ford Reveals Special 50th Anniversary Mustang

Maker celebrates pony car’s Golden Anniversary at NY Auto Show.

by on Apr.16, 2014

Ford Chairman Bill Ford stands beside the 50th anniversary Ford Mustang. Only 1,964 copies of the limited edition Mustang will be made.

It’s a big week for Ford as it celebrates the Golden Anniversary of that original pony car, the Mustang, which made its debut on April 17,1964 at the New York World’s Fair.

Ford is lighting the candles a day early with a birthday bash at the NY Auto Show but it’s also offering up something special for Mustang aficionados in the form of a 50 Year Limited Edition Mustang of which an appropriate 1,964 will be made.

Breaking News!

The special model is based on the all-new 2015 Ford Mustang GT with the added Performance Pack, and comes with pretty much anything you can tick on the option list.  Despite soft sales in recent months, the new model – and the Limited Edition, in particular – could generate some serious enthusiasm.

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Ford, Toyota Continue Scrap over Small Car Sales

Japanese maker claims victory by just 906 Corollas.

by on Apr.15, 2014

Toyota is claiming the Corolla was the best-selling nameplate in the world in 2013.

The Battle of Worldwide Budget Sales continued today. Less than a week after Ford touted the Focus as the world’s best-selling nameplate, Toyota is saying not so fast.

The debate over the best-selling car in the world has gone back and for between Ford and Toyota for a few years now with Toyota claiming the Corolla has been the top dog. However, Ford has countered that Toyota pads its numbers with variants of the Corolla that really bear little resemblance to the maker’s entry-level model.

Playing it Safe!

However, this year may be different. (more…)

VW, Ford Enjoy Strong March Sales in China

Automakers post double-digit jumps last month.

by on Apr.14, 2014

The Ford Mondeo is a strong seller in China. Ford's March sales were up 28%.

Volkswagen AG and Ford Motor Co. continued to post strong sales in China for March and the first quarter of 2014.

Ford China heads into the Beijing Auto Show with record monthly sales of 103,815 vehicles, a 28% increase over March 2013. It was the first time Ford China sales topped the 100,000 monthly sales mark for the first time. Excellent March performance brought first quarter sales up by 45%, compared to the same period last year, according to Ford.

Your Automotive Source!

“We’re pleased that China’s car buyers continue to choose Ford,” said John Lawler, chairman and CEO of Ford China. “Our strong sales momentum demonstrates the success of our accelerated China growth plan and puts Ford in a great position as we get ready to showcase our full product lineup at the Beijing Auto Show.” (more…)

Ford Shows Off Ultra-Luxurious Transit Skyliner Van

A business jet on wheels.

by on Apr.11, 2014

The Ford Skyliner Transit concept is a custom luxury motor coach designed with Ford and built by Galpin Auto Sports provides immersive comfort and luxury

Think of it as a business jet on wheels.

Ford is showing off a version of its new Transit van that shows what it might be like to travel – or work – in style on the road. The concept, dubbed the Ford Transit Skyliner, is meant to suggest how one of the new vans could be modified.

The Last Word!

“Traveling in Transit Skyliner is an experience unlike any other” said Tim Stoehr, Ford manager for commercial truck marketing, in a statement. “You step into the vehicle and are immediately immersed in the custom interior and high-tech audiovisual environment.” (more…)

New Car Buyers Name Honda Best Overall Brand Again

Survey tabs Ford as Best Truck, Mercedes as Best Luxury brands.

by on Apr.09, 2014

On the strength of vehicles like the Accord, above, Honda captured the Best Overall Brand award in Kelley Blue Book's 2014 Brand Image Award survey.

For the second consecutive year, new car buyers voted Honda “Best Overall Brand” in Kelley Blue Book’s annual Brand Image Award study. The company also took the “Most Trusted Brand” honor for the third straight year.

Kelley Blue Book, also known as KBB, gives out awards in 13 categories. Among luxury brands, Mercedes-Benz was named the Best Overall Brand. Ford grabbed the Best Overall Brand award for trucks.

High-Tech News!

“A brand is really built over the long haul through consumers’ experiences with its products, and Honda is committed to delivering class-leading vehicles that provide lasting enjoyment and value to our customers,” said Jeff Conrad, senior vice president and general manager of the Honda automobile division for American Honda, in a statement. “Honda simply embraces the challenge of being a brand that people can trust.” (more…)