Posted in Ford, Automotive on Jul 24th, 2008
Ford said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and SUV plants to build small, fuel-efficient vehicles, reports the AP and Fox News.
The company said that $8.03 billion of the loss was write-offs due to a decline in value of North American assets and Ford […]
Posted in Trucks, Ford, Automotive on Jul 20th, 2008
That’s right folks, now a torque-rich, fuel efficient turbo-diesel will be available in Ford’s popular F-150 pickup truck. In the olden days you needed to step up to one of the bigger trucks in Ford’s lineup just to be able to opt for a diesel engine. Anything below a F-250 was a no go for […]
Posted in Trucks, Ford, Automotive on Jul 20th, 2008
Member’s from Ford’s engineering team recently were spotted testing a prototype of a version of the F-150 pickup truck rumored to have not existed. Code named the “Raptor”, this version of the popular Ford truck will be built with off-road enthusiasts in mind first.
The truck is equipped with upgraded suspension and chassis bits, new specialized […]
Posted in Ford, Uncategorized on Jul 12th, 2008
In a move that has surprised many folks in the auto industry, Ford Motor Co. has made the announcement that they are suing the United States government. The company is alleging the IRS owes the automaker $445.3 million(!) in interest on tax overpayments.
The lawsuit, filed in U.S. District Court in Detroit on Thursday, follows a […]
Posted in Ford, Automotive on Jul 11th, 2008
Ford filed a lawsuit Thursday against the Internal Revenue Service, claiming it owes them nearly half a billion dollars in interest payments on overpaid taxes, reports the Detroit News.
Ford’s lawsuit claims the IRS owes them $445 million in interest payments on corporate taxes the automaker overpaid between 1983 and 1989 and between 1992 and 1994.
The […]
Posted in Chrysler, GM, Ford, car buying incentives, Financing, Automotive on Jul 7th, 2008
The Detroit Big Three are extending sales and promotions, increasing rebates and offering low or no interest financing to get car shoppers in the doors of their dealerships in the hopes of selling their vehicles.
All three are suffering in the sales department and are hoping that recent incentives will help.
Last week, Chrysler extended its $2.99 […]
Posted in Future Cars, Ford, Automotive, Uncategorized on Jul 4th, 2008
Ford Motor Co. has announced that they will start production of the new Mondeo in it’s Russian plant come September. According to some local dealers, producing the Mondeo locally will reduce time spent on logistics and bring down the retail price by 7 percent.
“We will launch Mondeo in September this year. We don’t have further […]
Posted in Ford, Automotive on Jul 3rd, 2008
As SUV sales plummet, drivers who need the space and towing capacity are looking for alternatives in the form of crossovers.
While it was cool at one time to drive a station wagon or minivan, these vehicles are seldom seen on the roadways anymore. Now that drivers are turning away from mammoth SUVs, some still have […]
Posted in Toyota, GM, Ford, Honda, Financing, Automotive on Jul 1st, 2008
GM, Ford and Toyota all had double-digit sales declines in June, as car shoppers leaned toward small, fuel-friendly cars, reports The Detroit News. On the flip side, Honda was able to pull off an 11.4 percent gain for the month.
GM, although down in sales, held onto the top spot as the U.S.’s number one car […]
Posted in Ford, Automotive on Jun 27th, 2008
Ford Motor Co. recently announced it was going to be investing about $500 million dollars in India. Ford’s Indian devision, called Ford India, will be using the money to build a new engine manufacturing plant and to double it’s car assembly production by 2010.
Company executives disclosed the investment plans at the Indian launch of the […]