Ford Motor Co. posted a 32% drop in U.S. light-vehicle sales for December while Toyota Motor Co. reported a 37% fall and Honda Motor Co. had a 35% decline, closing out the auto industry's worst year in more than 15 years.
Ford Motor Co. said Thursday it will cut salaried employee costs by 15 percent by August 1 and some people will loose their jobs.
Amid soaring crude oil prices and weak demand, General Motors, Toyota, Ford, and Chrysler reported declining sales in May but Honda sales jumped.
Despite a profit warning from Ford last week, billionaire investor Kirk Kerkorian is solidifying his offer to buy more shares of the American car maker.
Ford Motor Co. plans to downsize its U.S. salaried work force by up to 12 percent in a bid to advance its restructuring plan after stalling amid lower sales and soaring gas prices, according to media reports.
As oil prices surge, a new risk looms for Detroit: the future may be slipping out of its control.
Ford Motor Co. on Thursday said it is extremely unlikely meet its previous goal of regaining full year profitability in 2009.
Ford Motor Co. is recalling about 50,000 Ford F-150 and Lincoln Mark LT pickup trucks in Canada due to a problem that can cause the vehicles to lose braking power.
Billionaire investor Kirk Kerkorian offered to buy 20 million of Ford Motor Company's shares, according to a securities filing.
Ford Motor Co. and the Canadian Auto Workers ratified a three-year labor contract that their union plans to use as a pattern for negotiations with General Motors Corp. and Chrysler LLC.
General Motors Corp. and Ford Motor Co., the two leading U.S. automakers said sales in April fell 16 percent and 12 percent respectively as high gasoline prices lower demand for trucks.
Billionaire investor Kirk Kerkorian revealed on Monday that his investment company has accumulated a 4.7 percent stake in Ford Motor Co. shares and will seek to bring its total to 5.6 percent through an offer to buy stock.
U.S. stocks rose on Monday for the fourth day after billionaire Warren Buffett financed the $23 billion takeover of Wm. Wrigley Jr. by privately held mars, and investor Kirk Kerkorian bought a stake in Ford Motor Co.
Ford Motor Co. produced a profit of $100 million in the first quarter in a surprise turnaround for the struggling auto giant that has been embroiled in deep losses since 2007.
Ford Motor Co. unveiled the new Ford Fiesta at the Auto China 2008 event at the New China International Exhibition Centre in Beijing on Saturday.As part of its plan to roll out models globally in a...
Ford Motor Co China has posted a 47 percent year-over-year increase gain in first-quarter sales, with 90,791 vehicles sold, continuing the company's strong growth in China market.
On Tuesday it was confirmed that Indian car giant Tata would be buying Jaguar and Land Rover from Ford for an estimated $2 billion (£1 billion).
Tata Motors is set to take over Ford Motor Co's British luxury brands, Jaguar and Land Rover, in early March, following successful conclusion of talks with the automaker's labor union in UK, Unite.
General Motors Corp will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the United Auto Workers in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements.
Major automakers reported lower U.S. sales for December led by a 9 percent slide at Ford Motor Co as the industry closed out its weakest year in over a decade and faced the prospect of deeper declines in 2008.
Ford Motor Co. is set to choose a frontrunner to buy European brands Jaguar and Land Rover around the end of this week as it moves towards a sale early in 2008, said a person close to the matter on Monday.
India's Tata Motors Ltd and Mahindra & Mahindra Ltd have submitted revised bids for Ford Motor Co's Jaguar and Land Rover brands, CNBC-TV18 news channel reported on Monday, citing unnamed sources.
