FORD MOTOR COMPANY

Ford Motor Co said on Wednesday that it expected operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the ballpark of foreign-based rivals.

AT&T Inc will spend $565 million within 10 years to replace or buy about 15,000 vehicles in its corporate fleet with cars and other vehicles that run on alternative fuels, the company said on Wednesday

General Motors Corp said on Friday that it still prefers to restructure the business out of court rather than file for bankruptcy reorganization.

Ford Motor Co's new debt tender marked the latest string of corporate debt restructurings designed to help get the automaker on stronger footing amid a prolonged credit crisis.

Ford Motor Co expects electric vehicles will represent a major portion of its lineup a decade from now as the automaker breaks away from a recent reliance on pickup trucks and SUVs, Chief Executive Alan Mulally said on Wednesday.

The Dow Jones Industrial Average, Nasdaq 100 and S&P 500 share index futures were down between 0.4 and 1 percent on Thursday, pointing to a lower start on Wall Street.

Ford Motor Co detailed debt restructuring initiatives on Wednesday, including conversion of debt to equity and two cash tender offers, that could retire up to $10.4 billion of the automaker's debt.

U.S. auto sales dropped by more than 41 percent in February to the lowest level in almost three decades as deepening economic uncertainty drove Americans away from big purchases and new debt despite aggressive discounts from major automakers.

U.S. auto sales dropped by more than 40 percent in February to the lowest level in almost three decades as Americans pulled back from taking on more debt in an economy showing signs of spiraling from bad to worse.

Ford Motor Co. reported a 48% drop in February sales on Tuesday and outlined sharply lower production targets for the second quarter compared with a year ago in the face of a deep slump in demand.

Auto sales likely hovered around 27-year lows in February as consumers mostly stayed away from buying big-ticket items, spooked by job losses, the deep recession and tight credit.

Auto sales likely hovered around 27-year lows in February as consumers mostly stayed away from buying big-ticket items, spooked by job losses, the deep recession and tight credit.

Ford Motor Co expects U.S. auto industry sales to drop to about a 9 million unit range on an annualized basis in February as retail demand slipped, the automaker's chief sales analyst said on Friday.

General Motors Corp posted a loss of nearly $31 billion on Thursday for 2008 and said its auditors were likely to cast doubt on its viability as it seeks an expanded federal bailout to stay afloat. Revenue plunged by more than a third to $30.8 billion. GM burned through more than $5 billion in the fourth quarter and ended the year with $14 billion in cash, including the first $4 billion in loans ...

Ford Motor Co, which has not sought U.S. government emergency aid, said on Thursday it has adequate liquidity amid worsening industry conditions and has no doubt about its ability to continue as a going concern.

General Motors Corp posted a nearly $31 billion loss on Thursday for 2008 and said its auditors were likely to cast doubt on its ability its viability as it seeks an expanded federal bailout to stay afloat. GM, which asked for up to $30 billion of U.S. government aid, posted losses in all of its major units during the fourth quarter and it burned through $6.2 billion of cash. Revenue plunged by mo...

General Motors Corp saw its fourth-quarter sales drop 26 percent and ended the year desperately short of cash and dependent on a $13.4-billion government lifeline to remain in business. So when the automaker reports fourth-quarter financial results on Wednesday, investors will be looking beyond the bad news for an update on its survival plan. The key to valuing GM's shares and debt i...

United Auto Workers union leaders urged members on Tuesday to approve a concessionary deal with Ford Motor Co, stepping up the pressure on General Motors Corp and Chrysler to reach similar cost-cutting labor agreements in coming weeks.

Ford Motor Co reached a tentative deal with the United Auto Workers that would slash cash payments for its retiree health care, while European governments ruled out rescue plans for General Motors Corp's struggling Opel and Saab units. The U.S. Treasury also named Steven Rattner, co-founder of private equity firm Quadrangle Group, as an adviser on the restructuring of th...

is subject to ratification by active UAW-Ford members and other conditions, including concessions from other stakeholders. The proposed modifications were expected to be presented to the union's local Ford leadership at a council meeting early this week, according to the unions. The modifications will protect jobs for UAW members by ensuring the long-term viability of the company, UAW Pres...

Ford Motor Co has reached a tentative deal with the United Auto Workers union on changes to retiree health care, becoming the first Detroit automaker to secure union concessions on the key issue. Ford's shares surged 17 percent following the news of the deal. Shares of larger rival General Motors Corp were up 6 percent. The union did not reveal the changes made to the V...