As Ford Motor Co continues a global reorganisation that is certain to include significant job reductions, one way forward could lie in Ford Credit and the consumer data it collects. More than US$1 in US$3 in profit is coming not from car or truck sales but the finance entity that makes loans to more than 5,000 car dealers and 4 million customers, mostly in the United States and Canada. That's up from US$1 in US$4 in 2017, according to regulatory documents. Potential clues to the future path of Ford can be provided partly by Facebook, which has illustrated to shareholders the value of using customers' personal information to earn billions. Advertisers buy not the customer information itself
Celanese (CE) to use the proceeds from the notes offering to refinance an existing term loan maturing in 2021.
The 2019 Ford Ranger midsize pickup has electronic off-road systems that just debuted in the F-150 Raptor. Why won't Ford announce it will sell the Ranger Raptor midsize off-road high-performance pickup in the United States? It's a mystery to lot of people. Americans love pickups, horsepower and off-road ruggedness. Car companies love vehicles they can charge more for. Ford already sells the Ranger Raptor in a handful of countries. It seems like a match made in heaven, a space in the P&L sheet tailored for a smaller version of the wildly popular F-150 Raptor. So why won't Ford satisfy avid fans and tell them a Ranger Raptor is coming? I'll tell you. Never say never First, don't assume the lack
MICHIGAN — Ford issued four separate recalls for different issues on Friday morning covering about 40,000 vehicles. Here's a look at what's being recalled: Select 2018 Ford Explorer vehicles with 2.3-liter or 3.5-liter GTDI engines for a misassembled fuel pressure sensor Ford is issuing a recall for approximately 160 select 2018 Ford Explorer vehicles with 2.3-liter or 3.5-liter GTDI engines for a misassembled fuel pressure sensor that may result in a fuel leak, increasing the risk of a fire. Dealers will replace the vehicle's fuel line assembly at no cost to customers. Select 2019 Ford Super Duty vehicles for transmission casings Ford is issuing a recall for approximately four 2019 Ford Super
The second largest U.S. automaker Ford (NYSE:F), Walmart (WMT) and delivery service Postmates have come together to explore how they can make use of driverless technology to deliver food stuffs and other consumer goods to Walmart customers. In fact, Ford has already collaborated with national and local companies to look into how efficiently it can use self-driving systems to deliver products. Warning! GuruFocus has detected 4 Warning Signs with F. Click here to check it out.
VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and explore further areas of cooperation with US automaker Ford. Diess said he hoped to have an outline agreement on cooperation with Ford fleshed out by the end of the year, with the initial focus on commercial vehicles. He added that a merger with Ford was not on the agenda and also said there were no plans to take a stake in the American company. Mass producing electric cars will help the carmaker reduce the cost to the same level as current diesel vehicles, Diess said at a news conference in Wolfsburg, VW's home town. "Very emotional vehicles, high economies
"What VW and Ford appear to be planning for commercial vehicles is joint design, development and manufacturing to then be separately branded, marketed and sold by each of them individual companies," he said. "This would be analogous to past joint car production for North America such as Mazda Flatrock Michigan that produced Ford and Mazda cars, Mitsubishi Bloomington Normal Illinois that produced Mitsubishi and Chrysler cars, and CAMI in Ontario that produced Suzuki and Chevrolet cars." "The talks with Ford about an industrial cooperation announced earlier are progressing positively so far. The two companies complement each other very well in terms of both products and regions. The joint development
Ontario Premier Doug Ford praised his Health Minister, Christine Elliott, during a PC convention on Friday, noting the addition of 6,000 new long term care beds with 9,000 more on the way.
Dealership sponsors car and driver in 1,000-mile race along coast of Mexico PORTLAND, Maine , Nov. 16, 2018 /PRNewswire/ -- Yankee Ford has sponsored a race team in the 51 st annual Baja 1000 Off Road ...
Rhumbline Advisers cut its holdings in Ford Motor (NYSE:F) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,835,631 shares of the auto manufacturer's stock after selling 60,830 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Ford Motor worth $63,230,000 at the end of the most recent reporting period. Other large investors have also made changes to their positions in the company. Kiley Juergens Wealth Management LLC acquired a new stake in Ford Motor in the second quarter worth about $101,000. Credit Agricole S A increased its position in Ford Motor by 135.0% in the second quarter.
DUBLIN , Nov. 16, 2018 /PRNewswire/ -- The "On-Demand Transportation Market Size, Share & Trends Analysis Report By Service Type (E-Hailing, Car Rental, Car Sharing), By Vehicle Type (Four Wheeler, ...
Ford has two drivers with a chance to win the 2018 championship as both Kevin Harvick and Joey Logano advanced into the Championship 4.
A big car company is going small. Ford is buying electric scooter company Spin. Ford and Spin won't confirm the price tag, but reports put the purchase price at $100 million and an overall investment from Ford of $200 million. The acquisition, announced last week, marks the first time a carmaker has seriously invested in the bike and scooter-sharing sector, which is typically the realm of tech companies. Automakers are trying to broaden their business — to become "mobility" companies rather than just selling cars. "I would say that Ford is a bit of a standout among the pack" in that approach, says Valerie Sathe Brugeman, a senior project manager with the nonprofit Center for Automotive Research,
Previously, four-door Wrangler owners have been able to convert their off-road warriors into trucks via aftermarket body kits. Just weeks before the LA Auto Show is set to begin, photos for the new Jeep Gladiator truck have apparently leaked. Of course, it helps when the resale value is as strong as it is for Jeep, which continues to win awards year after year for the vehicles' strong resale value.