The tough U.S. fuel economy standards announced by President Barack Obama on Tuesday represents a bonanza for companies that supply hybrid technology and other gas-conserving components needed to meet the new benchmarks.
The tough U.S. fuel economy standards announced by President Barack Obama on Tuesday represents a bonanza for companies that supply hybrid technology and other gas-conserving components needed to meet the new benchmarks.
General Motors Corp said on Thursday night it would most likely pursue the same legal strategy as Chrysler if it spirals into bankruptcy, while Chrysler unveiled details for slashing its dealer network.
Chrysler LLC notified all U.S. dealers on Thursday about its plans to eliminate 25 percent of its retail showrooms while rival Ford Motor Co assured investors it is on track to at least break even in 2011 without seeking any U.S. government aid.
Ford Motor Co's restructuring is on track to bring a profit as soon as 2011, without the need for emergency government bridge loans, executives told stockholders on Thursday at the automaker's annual meeting.
Ford Motor Co executives face stockholders on Thursday to detail the automaker's plans to complete a turnaround without resorting to U.S. government help and steer clear of the industry collapse now swallowing rivals General Motors Corp and Chrysler.
Ford Motor Co said on Tuesday that it raised $1.4 billion through a 300 million share offer for $4.75 per share, a move that its chief executive said was an important step toward getting profitable again.
The Wall Street Journal off-leads and Bloomberg reports that Ford Motor Co. (F), the most robust of the Big Three, plans to issue 300 million shares of common stock in a public offering that will further distance itself from its crosstown rivals and will take advantage of an 11-week stock rally.
Ford Motor Co said on Monday that it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with the union.
Ford Motor Co.’s need for cash to make mandatory payments scared off investors on Monday, sending shares down more than 9 percent in regular and after-hours trading.
Ford Motor Co. said Friday it is requesting $440 million from the U.S. Department of Energy to finance the restructuring of a former SUV plant in Michigan to manufacture small and electric cars, Bloomberg reported.
Royal Dutch Shell Chief Executive Officer, Jereoen van der Veer mocked electric vehicles, saying the cars' technology is a thing of the past and requires too much infrastructure.
Ford Motor Co's sale of Volvo is moving ahead as it runs due diligence on the remaining bidders, and a buyer could be announced by the end of this month or next, two sources familiar with the matter told Reuters.
Bankrupt Chrysler has a clear path to an alliance with Italy's Fiat SpA, the U.S. company's chief executive said while rival Ford Motor Co reported on Wednesday it has sufficient liquidity and its restructuring remains on track, boosting its shares.
Dissident Chrysler lenders were identified on Wednesday in bankruptcy court, while Ford Motor Co said its restructuring remained on track and announced plans to convert an SUV plant to small-car production, pushing its shares higher.
Ford Motor Co's restructuring is on track and the automaker has sufficient liquidity to fund the plan, which includes converting plants and investing in future products, company executives said on Wednesday.
Ford Motor Company said today it will invest $550 million to transform a former light trucks plant in Michigan to a modern-green facility to produce fuel-efficient small cars such as the next generation Focus and its battery-electric version.
Ford Motor Co on Wednesday unveiled a $550 million investment to convert an SUV plant near Detroit to build a new generation of Focus small cars next year and a battery-electric Focus in 2011.
Thresher Industries, Inc., a manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced this afternoon that it is developing a broad array of high-strength, cast aluminum components designed to help build cleaner, energy efficient vehicles. Thresher’s proprietary, biodegradable processes have already been successfully used in products for Chevrolet, Chrysler,...
Chrysler LLC said Friday that its April sales took a heavy knock of 48 percent, the steepest drop in the industry, as the company plunged into bankruptcy.
U.S. auto sales fell 34.4 percent in April as the industry held near the lowest levels in nearly 30 years and closed out the month with Chrysler LLC filing for bankruptcy protection.
Ford Motor Co, which reported first quarter net loss of $1.43 billion, said Friday its April sales in the Americas fell 31.6 percent amidst the economic downturn.
