Labor costs at Ford Motor Co (F.N) are about $16 an hour higher in Canada than in the United States, the Canadian Auto Workers confirmed on Friday, but union said it needs guarantees on production levels before it agrees to concessions to level the field.
Ford Motor Co of Canada (F.N) bucked the trend in September, posting comfortably higher auto sales as the broader Canadian industry continued to slide.
U.S. auto sales tumbled by 23 percent in September as showrooms emptied after the government-funded boom from the cash for clunkers program, with General Motors Co and Chrysler hardest-hit.
U.S. auto sales tumbled by 23 percent in September as showrooms emptied after the government-funded boom from the cash for clunkers program, with General Motors Co and Chrysler hardest-hit.
Ford Motor Co said on Thursday its U.S. auto sales fell 5 percent in September from a year earlier as demand slumped off in part due to the end of the U.S. government's cash for clunkers incentive program.
General Motors Co [GM.UL] said on Thursday that its U.S. September auto sales fell 45 percent, pressured by weak consumer confidence, low inventory levels and the end of the U.S. government cash for clunkers incentives.
New automobile sales in Brazil jumped 19.85 percent in September from August, the national dealers' association Fenabrave said on Thursday, as consumers raced to take advantage of an expiring tax break.
Ford Motor Co (F.N) has room for steady growth in its share of the North American and European auto markets, Chief Executive Alan Mulally said on Wednesday.
Toyota Motor Corp (7203.T) and Ford Motor Co (F.N) are likely to outsell General Motors Co [GM.UL] in the U.S. market by 2015 -- when industry sales will finally return to levels last seen in 2000, according to an industry forecasting firm.
Ford Motor Co (F.N) said on Thursday its U.S. auto sales fell 5 percent in September from a year earlier as demand slumped off in part due to the end of the U.S. government's cash for clunkers incentive program.
Government funds propped up an ailing European auto industry in September, in contrast to an expected slump in sales in the United States after its cash for clunkers scheme ran out of money.
Ford Motor Co has room for steady growth in its share of the North American and European auto markets, Chief Executive Alan Mulally said on Wednesday.
U.S. auto sales likely fell in September back to the nearly three-decade lows of early 2009 without government incentives to spur buying, leaving in doubt the timing and pace of a recovery for the battered industry.
Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released on Friday considered such action unacceptable.
Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released on Friday considered such action unacceptable.
Ford Motor Co (F.N) announced on Thursday plans to build a new $490-million flexible assembly plant in China, its third in the country, increasing annual production capacity by one-third to meet growing demand.
Ford Motor Co (F.N) said it expects to return to the black in 2011, as it expanded ties with the fast-growing and lucrative China market with plans to build a new $490 million plant there.
The U.S. car market should see a modest recovery in 2010, with sales possibly reaching between 11.5 million and 12 million vehicles, General Motors Co Chief Executive Fritz Henderson said on Thursday.
Fisker Automotive was awarded a $528.7 million U.S. government loan on Tuesday for development of gas-electric hybrid plug-ins.
Cost-savings talks between Ford Motor Co's (F.N) Canadian subsidiary and the Canadian Auto Workers union continued on Wednesday, but the union said Ford had so far failed to address its key issue.
AutoNation Inc.(AN.N), the top U.S. auto dealership chain, is ready to go on offense by acquiring new stores and buying more vehicles as it bets that the battered U.S. auto market is headed for a long and steady recovery, the company's chief executive said.
Goldman Sachs' (GS.N) $334 million investment in Geely Automobile Holdings (0175.HK) will boost the Chinese automaker's global ambitions, including a potential bid by its parent for Ford's (F.N) Volvo brand.
