Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
IBT Staff Reporter
Jan 12, 2009
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.
IBT Staff Reporter
Jan 05, 2009
Ford Motor Co. said Thursday it will cut salaried employee costs by 15 percent by August 1 and some people will loose their jobs.
IBT Staff Reporter
Jun 05, 2008
Amid soaring crude oil prices and weak demand, General Motors, Toyota, Ford, and Chrysler reported declining sales in May but Honda sales jumped.
IBT Staff Reporter
Jun 03, 2008
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.
IBT Staff Reporter
May 30, 2008
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.
IBT Staff Reporter
May 28, 2008
As oil prices surge, a new risk looms for Detroit: the future may be slipping out of its control.
IBT Staff Reporter
May 23, 2008
Ford Motor Co. on Thursday said it is extremely unlikely meet its previous goal of regaining full year profitability in 2009.
IBT Staff Reporter
May 22, 2008
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.
IBT Staff Reporter
May 14, 2008
Billionaire investor Kirk Kerkorian offered to buy 20 million of Ford Motor Company's shares, according to a securities filing.
IBT Staff Reporter
May 09, 2008
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.
IBT Staff Reporter
May 05, 2008
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.
IBT Staff Reporter
May 01, 2008
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.
IBT Staff Reporter
Apr 28, 2008
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.
IBT Staff Reporter
Apr 28, 2008
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.
IBT Staff Reporter
Apr 24, 2008
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...
IBT Staff Reporter
Apr 19, 2008
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.
IBT Staff Reporter
Apr 09, 2008
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).
IBT Staff Reporter
Mar 25, 2008
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.
IBT Staff Reporter
Feb 26, 2008
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.
IBT Staff Reporter
Feb 12, 2008
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.
IBT Staff Reporter
Jan 03, 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.
IBT Staff Reporter
Dec 17, 2007
