Ford

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Ford Turns 1st Quarterly Profit in 2 Years

Automaker thumps expectations, moves into black for 2007

(Newser) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford...

The 12 Greenest Rides
The 12 Greenest Rides
Jul 20, 2007 5:39 PM CDT

The 12 Greenest Rides

Forbes picks the 12 most environment-friendly cars.

(Newser) - You don't have to drive a hybrid to go green; half of Forbes' top picks for fuel-efficiency are small, brainy gas-driven cars. 
  1. Honda Civic Hybrid Sedan, $22,600
  2. Toyota Prius Sedan, $22,175
  3. Toyota Camry Hybrid Sedan, $26,200
  4. Ford Escape Hybrid SUV, $25,740
  5. Ford Focus, $13,995
...

Ford May Be Preparing to Unload Volvo

Struggling automaker would reverse earlier decision in push for cash

(Newser) - Faced with large losses and sagging sales in North America, Ford is ready to consider offers for its Volvo division, insiders say. As recently as two weeks ago, the company insisted that  Volvo was not for sale, the New York Times reports. Already on the market are two other Ford...

Ford and Edison Team Up on New Hybrids

Plug-in cars would be more fuel-efficient

(Newser) - Ford and Southern California Edison are joining currents to put some juice into the next generation of hybrid vehicles. The new cars will feature more powerful batteries, and will plug into a socket at night, storing energy and vastly increasing fuel economy. Edison is even looking into new tech that...

Japanese Foes Thump Big 3 in June Sales

Figures spell especially big trouble for GM

(Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in...

Detroit Resists MPG Rules
Detroit Resists MPG Rules
Jun 7, 2007 5:10 AM CDT

Detroit Resists MPG Rules

Face-off in Washington over tougher fuel economies

(Newser) - The Big Three car makers are trying to put the breaks on Congressional plans to toughen fuel economy standards to an average of 35 mpg over the next 15 years. The Wall Street Journal predicts a political struggle that will test how much clout Ford, Chrysler and GM still have...

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope for restructuring labor costs

(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which...

Ford Turnaround Plan Pays Off
Ford Turnaround Plan Pays Off
Apr 26, 2007 10:59 AM CDT

Ford Turnaround Plan Pays Off

(Newser) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track.

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