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Posts Tagged ‘Mark Fields’

Ford Set to Double Mexican Production

New plant could handle planned “Prius-fighter.”

by on Feb.08, 2016

Ford CEO Mark Fields is trying to find ways to reduce production costs of small cars and upcoming battery-electric models.

Ford Motor Co. will more than double production in Mexico, according to several reports, by both adding a new plant and increasing production in the Latin American nation.

The maker reportedly expects to put the focus on hybrids and smaller cars that are hard to economically justify building in the U.S. market. That includes the Ford Focus and C-Max models currently being produced at a suburban Detroit plant. But could also include a planned “Prius-fighter” meant to take on the popular Toyota hybrid.

Insider News!

Ford had earlier indicated plans to shift production of the Focus and C-Max but declined to comment on the latest reports about Mexico.

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Ford Expects Record Profits; GM Sees Own Earnings Growth

Makers increase returns to shareholders; GM boosts stock buyback program.

by on Jan.13, 2016

Ford CEO Mark Fields showing off a new piece of technology at CES last week.

Investors take notice: while the stock market hasn’t been kind to the auto industry in recent weeks – or just about anyone else, for that matter – Detroit’s two largest carmakers are making some upbeat projections for 2016 that could make nervous shareholders happy.

Ford Motor Co. now expects to close the books on 2015 with a record pre-tax profit, with 2016 numbers to be “equal to or higher.” And GM is boosting its own earnings outlook for 2016. Both companies now plan to up their cash payouts to shareholders, while GM is expanding its ongoing stock buyback program.

Insight!

“This pattern of strong returns gives us a great platform to build on as we enter the year with a focus on strengthening our core business and engaging aggressively in emerging opportunities through Ford Smart Mobility,” said Ford CEO Mark Fields, in a statement detailing Ford’s forecast.

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Ford Expands on Mobility Plans at CES

Google option still in the works.

by on Jan.05, 2016

Ford CEO Mark Fields holds a downsized Velodyne LIDAR "puck" that will be used on Fusion autonomous vehicle prototypes.

Ford Motor Co. outlined a far-reaching step into the future during a keynote speech by CEO Mark Fields marking the opening of the 2016 Consumer Electronics Show in Las Vegas.

The maker is putting “one foot into the future,” said Fields, as it expands from traditional automotive manufacturing into new areas of “mobility,” such as ride and car-sharing. Among a variety of projects announced by Fields, Ford will partner with Amazon to incorporate the cloud-based voice assistant, Alexa into its vehicles. That would allow a driver to not just open a garage door but turn on lights and adjust the thermostat by voice command.

Tech Talk!

The Tuesday morning event notably included no mention of a widely anticipated tie-up between Ford and Google, even though the automaker announced a major expansion in its own autonomous vehicle program. But CEO Fields left the door open to a later announcement, stressing that Ford is talking with “a variety of other potential partners.”

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Ford and Google Deal to Go Beyond Autonomous Vehicles

Partnership will expand Ford’s push into alternative mobility solutions.

by on Jan.04, 2016

Ford is just beginning its own on-road autonomous vehicle testing at its Silicon Valley R&D center.

(c) TheDetroitBureau.com 2016

While last-minute snags could yet delay a formal announcement, Ford Motor Co. and Google are planning to reveal the details of an extensive new partnership during a news conference at the Consumer Electronics Show in Las Vegas this week.

The expansive alliance will provide Ford access to Google’s cutting-edge autonomous vehicle technology, but several sources involved in the program told TheDetroitBureau.com that the deal will go well beyond self-driving cars and explore ways in which connected car technology can create alternative mobility solutions, a pet project of Ford CEO Mark Fields.

Tech News!

Other high-tech providers will join the alliance and, among other things, Ford will be able to test its new technologies at a 1,000-acre proving grounds being set up in North Carolina, according to those sources.

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Ford and Google Partnering on Autonomous Vehicles

Deal expected to be announced at CES on January 5.

by on Dec.22, 2015

CEO Fields has been pushing to transform Ford into a "mobility company," not just a carmaker.

Ford Motor Co. and Google are expected to announce a new alliance that will include joint development of autonomous vehicles.

Several sources have confirmed reports that were circulating on Monday indicating the announcement will be made two weeks from now when Ford CEO Mark Fields serves as keynote speaker at the annual Consumer Electronics Show in Las Vegas.

Your Inside Source!

The move could help jump-start the self-driving vehicle program at Ford which was planning to begin testing an autonomous version of its Fusion Hybrid sedan on public roads near its high-tech center in Silicon Valley next month. Ford is generally considered a follower in the emerging field while Google is generally seen as leading the field in autonomous vehicle development.

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Ford Pursues Carsharing, Other “Multi-Modal” Alternatives

But will they cut into core car sales?

by on Dec.11, 2015

One of the new Ford GoRide vans.

When workers at the sprawling Ford Motor Co. campus in Dearborn, Michigan need to run from building to building for meetings they normally have to drive. But Ford is firing up a new program that should make it simpler and quicker to get around.

As part of the Dynamic Shuttle Project, the maker is fielding a fleet of 21 modified Ford Transit vans. They’re operating like a cross between a bus system and the increasingly popular Uber ride-share service, helping 100s of employees schedule rides through a smartphone app.

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Last January, Ford announced it was studying 25 different alternative mobility projects. It has now narrowed that down to a handful that are going into operation in places as diverse as Dearborn, London, Mumbai and even The Gambia, one of the smallest and poorest countries in Africa.

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Ford to Invest $4.5 Bil in New Electrified Products

By 2020, 40% of its nameplates will be offered with battery-based options.

by on Dec.10, 2015

"More than 40% of our nameplates will be electrified," announced Ford CEO Mark Fields.

Ford Motor plans to invest $4.5 billion to add an array of new hybrids, plug-ins and battery-electric vehicles to its line-up by the end of the decade, CEO Mark Fields announced on Thursday.

The maker plans not only to add more battery-based vehicles but also to expand where it will offer those models, with two new produced, the plug-in C-Max Energi and the Mondeo Hybrid, entering the Chinese market in the coming months.

Plug In!

By the end of the decade, said Fields, “More than 40% of our nameplates will be electrified,” up from 13% today, and the list will include “a full range” of the maker’s products, not just a limited selection like today. Where there are six battery-based products today, Ford will add 13 more by 2020.

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Ford Motor Co. Sets Records, Beats Earnings Forecasts

Few clouds on the immediate horizon.

by on Jul.28, 2015

Ford hopes to drive revenues even higher with the new Limited version of its F-150 pickup.

Just about any way you look at it, the second quarter was a good one for Ford Motor Co., the second-largest domestic automaker not only handily beating Wall Street analysts’ forecasts but delivering record numbers in North America and Asia/Pacific.

Even Europe came close to breaking even after years of heavy losses, noted Ford President and CEO Mark Fields. All told, the maker delivered net income of $1.9 billion per share, a 44% or $544 million year-over-year rise. On a per-share basis, Ford made 47 cents. That was up seven cents per share compared to the second-quarter of 2014 – and 10 cents more than the Wall Street consensus forecast.

By the Numbers!

“We delivered an outstanding second quarter, a great first half of 2015, and we are confident the second half of the year will be even stronger,” declared Fields in a prepared statement accompanying the earnings report. “The entire Ford team is focused on accelerating our One Ford plan, delivering product excellence and driving innovation in every part of our business.”

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Ford Moves to Pilot Stage on Smart Mobility Program

Maker ready to implement plans after six months.

by on Jun.24, 2015

Ford CEO Mark Fields announced plans to implement some of the programs being testing in the maker's Smart Mobility plan.

Ford Motor Co. says its ready to implement some the lessons learned from a research program that delves into the changing landscape of mass mobility in era of smart phones and instant connectivity that was launched only six months ago.

Mark Fields, Ford chief executive officer, said the automakers operate pilot projects keyed to Ford Smart Mobility and move from research to the start of implementation, of new mobility products.

Stay Informed!

“We now are moving from experimentation to implementation,” said Mark Fields, Ford president and CEO, at the annual said at the annual Further with Ford trends conference in San Francisco. (more…)

Is Ford Ready to Race New GT at Le Mans?

Maker set to announce “significant performance news.”

by on Jun.12, 2015

Ford Chairman Bill Ford and CEO Mark Fields unveiling the new Ford GT supercar at the Detroit Auto Show.

Ford Motor Co. is only promising some “significant performance news” will be announced in Cologne, Germany today. But based on a variety of hints the maker has been dropping, the betting is that it will announce plans to return to Le Mans in the near future, all but certainly to race the reborn Ford GT.

Rumors of a new Le Mans program began to surface even before Ford revealed the latest take on the ultracar at the North American International Auto Show in Detroit last January. Company officials then suggested they might have additional plans for the GT.

Performance News!

The announcement will come just a day before the 2015 Le Mans race gets the green flag. If Ford were to put the GT back on the track in 2016 it would be more than just a coincidence. That would mark the 50th anniversary of the maker’s stunning victory at Le Mans with its original GT40 Mk II

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