The AP reports, “Ford Motor says it is offering a payment protection plan to help reassure consumers who may be putting off a car purchase because of worries about losing their job.” The automaker “said Tuesday it will cover payments of up to $700 each month for up to a year on any new Ford, Lincoln or Mercury vehicle if consumers lose their jobs. The program runs until June 1.”
The automaker has issued a press release Read more…
Ford has reached a deal with the United Auto Workers union that will see wages frozen, year-end bonuses eliminated, and changes to retiree benefits both sides hope will help Ford survive. The pact may be just the first time the union agrees to concessions to help an automaker out of the crisis rocking the auto industry — General Motors and Chrysler are both in talks seeking similar agreements.
We’ve seen Sport Utility Vehicles, Sport Activity Vehicles, Crossover Utility Vehicles, and now Ford has introduced something new: the Multi-Activity Vehicle.
The term is applied to the Ford Iosis MAX concept that debuted at the Geneva motor show. Canada’s National Post says, “the iosis MAX showcases new door opening concepts, lightweight materials, advanced aerodynamics and a preview of the European development Read more…
It can be rare to hear a CEO admit that their company has made mistakes. Allan Mulally, CEO of Ford, has done just that.
Speaking at the WSJ ECO:nomics conference in Santa Barbra, the Wall Street Journal reports Mulally acknowledging Ford products haven’t always been the best. “We really have lost a generation,” WSJ quotes him as saying, adding “In the past, Ford ‘did not have a consistency of purpose,’ he Read more…
Got a Ford Escort? Is it green? Stay out of Oregon.
The Associated Press reports, “An arsonist is apparently on the prowl for green Ford Escorts from the 1990s. Three of them have been burned in recent weeks, a series of acts that Medford [Oregon] police Sgt. Mike Budreau described as ‘pretty bizarre.’”
United Press International adds, “Medford police said the most recent incident occurred Sunday, when Read more…
Ford is the only American automaker not currently seeking government help to stay in business — and it intends to keep it that way.
The Washington Post reports, “Ford announced plans yesterday to eliminate up to $10.4 billion of its debt by offering cash and stock to its creditors in hopes of positioning itself to better weather the weakest auto sales market in more than two decades.”
The modern pony-car wars are heating up again, and Ford is looking to undercut its Detroit rivals in the price department.
The 2010 Mustang with a V6 engine starts at $21,845. ThatÂ’s a bit cheaper than the entry-level 2010 Chevy Camaro ($22,995) and the 2009 Dodge Challenger ($22,545). All of the prices include destination charges. The Mustang also is less than a nontraditional rival, the 2010 Hyundai Genesis coupe, which starts Read more…
The least expensive muscle car in America will soon be the Ford Mustang. Ford has announced pricing on the 2010 edition of its legendary coupe – and the pony car will undercut both its major rivals. The base model Mustang, powered by a V6 engine, will cost jut $20,995.
Kicking Tires reports, “The base V-6 Challenger costs $1,225 more than the base Mustang, while the Camaro costs $1,250 more.”
Ford’s 90-degree, overhead-cam Modular V8 has covered a wide spectrum since it was introduced in 1991–powering luxury cars, SUVs, pickups and high-performance sports cars.
A large number of those engines have come from a Ford plant in Romeo, Mich., which has now built its 10-millionth engine–a 4.6-liter V8 that is headed for a 2010 Mustang GT.
The Romeo engine plant was converted from a tractor factory. In 1991, it launched Read more…
