UPDATE - Auto parts company Sensata's shares rise in debut
2010-03-12 04:07:01
Keywords: Initial Public Offerings,Equities,
Quote: "One of its biggest customers right now is Ford and Ford is
cranking on all cylinders," said IPO Boutique Senior Managing
Partner Scott Sweet. Ford Motor Co's (F.N) U.S. sales of cars and light trucks
in February were 45.3 percent ahead of where they were a year
ago. "As the economy turns it's highly likely that their
upcoming quarters will be strong and their cash flow will
improve," said Sweet. Sensata's shares rose as much as 5.6 percent on their first
day of trading on the New York Stock Exc...
Read articleGM's Lutz says hybrids, electrics are future
2010-03-12 04:07:00
Quote: GM is focused on strong design and profitable growth, he said, and less reliance on short-term measures to boost sales like incentives.Ford Motor Co. mortgaged its factories and logo in 2006 to raise money for its restructuring, GM executives were shocked. But in the end, Ford avoided bankruptcy protection and is now gaining U.S. market share. GM also has gained U.S. share in the first two months of this year, but at a slower clip than Ford.HummerHummer dealers.Lutz says former CEO Rick Wagoner,...
Read articleAhead of the Curve: Toyota bruised brand a stock bargain?
2010-03-11 04:22:47
Keywords: Industries|Cars, TM, Toyota Motor Corp, F, Ford Motor Co, NSAN.Y, Nissan Motors, HMC, Honda Motor Co Ltd, TM, Toyota Motor Corp, F, Ford Motor Co, HMC, Honda Motor Co Ltd, NSAN.Y, Nissan Motors
Quote: WSJ Detroit bureau chief Neal Boudette discusses whether Toyota has a handle on the problem and whether it can recover its reputation.Still, over the same period of time, Ford Motor Co./quotes/comstock/13*!f/quotes/nls/f(F12.82,+0.02,+0.16%) has surged almost 600%, Nissan Motors/quotes/comstock/11i!nsan.y(NSAN.Y16.37,-0.07,-0.43%) has more than doubled and Honda Motor Co./quotes/comstock/13*!hmc/quotes/nls/hmc(HMC36.15,+0.14,+0.39%) has jumped 65%.Just about every automaker not named Toyota has ...
Read articleFord E-News - March 10, 2010
2010-03-11 04:22:45
Quote: DEARBORN, Mich., March 10 /PRNewswire-FirstCall/ --Mustang makes history: First car ever to top 300 horsepower, 30 mpg automaticmore...Angie Kozleskiakozlesk@ford.com | Â 313.323.1984Fusion soars while others sinkmore...Robert Parkerrparker8@ford.com | Â 313.845.0784Ford safeguards customer informationmore...Alan Hallahall32@ford.com | Â 313.594.3744Ford product chief earns engineering accoladesFord's Derrick Kuzak, group vice president of Global Product Development, has snagged the 2010 N...
Read articleCERAWEEK-US natgas bonanza no game-changer for auto makers
2010-03-11 04:22:45
Keywords: Crude Oil,Energy and Resources,Products from Crude Oil,Environment,Natural Gas,United States of America,Commodities and Energy Markets,Energy Markets,
Quote: "We see natural gas vehicles remaining a niche market,"John Viera, Director of Sustainability & Environmental Policy
at Ford Motor Company (F.N), told the CERA Week conference, an
event dominated this year by discussion of natural gas. He said the efficiency and environmental gains from using
natural gas in stationary sources, primarily displacing coal in
power plants, would be far greater than in transport. The lack of interest in natural gas vehicles comes despite
the massive boom in natur...
Read articleUPDATE - Shareholders want new bankruptcy plan for Visteon
2010-03-11 04:22:44
Keywords: Legislation,U.S. corporate debt,Debt,Bankruptcy proceedings,United States of America,Corporate debt,Financials,Management issues/policy,Loans,High-yield debt,Credit default swaps,Hot stocks,Equities,Hedge funds,Automobiles and components,Commodities Inter
Quote: Visteon, a former unit of Ford Motor Co (F.N), has been
relatively aggressive in overhauling its operations as well as
its balance sheet and has closed factories and proposed
severing benefits for thousands of retirees. The company's reorganization plan would give secured
lenders nearly all of the company's equity as well as new
secured debt. Unsecured creditors, except for the government's
agency that guarantees pensions, would be wiped out, as would
shareholders. The company entered talks with...
Read articleChina shares flat as fears of rate hike ease
2010-03-11 04:22:43
Quote: ,known as Sinopec, gained 2.1 percent to 11.5 yuan, while PetroChina Ltd., Asia's biggest oil and gas producer, ended up 0.8 percent at 12.95 yuan.Auto producers were still in the doldrums following this week's report that February auto sales showed the slowest growth in eight months.General MotorsVolkswagenChongqingFord Motor Co., ended down 2.6 percent at 12.56 yuan.In currency markets, the yuan weakened to 6.8263 to the U.S. dollar, from Wednesday's close of 6.8262.......
Read articleCramer's Take on Headline Stocks: March 9
2010-03-10 02:50:54
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Stockpickr Staff ,Stockpickr
Quote: RealMoneywhat he thinks about some of today's newsworthy stocks.CiscoCSCO)next-generation CRS-3 routerTuesday.Cramer wrote that Cisco "is saying lots of good things about the data center business, which I think is related to cloud computing.""Lightning Round"Action Alerts PLUS charitable trust, "could go to $35 a share and still not be expensive."ToyotaTM)downgraded Toyota to hold from buy, recommending selling the stock into its recent bounce.Toyota Prius sped out of control at 94 mph.RealMoney...
Read article2011 Ford F-Series Super Duty Power Stroke Diesel is Cleanest Ever; Fuel Economy Greatly Improved
2010-03-10 02:50:53
Quote: LOUIS, March 9 /PRNewswire-FirstCall/ --The all-new 2011 Ford F-Series Super Duty delivers best-in-class torque, horsepower, towing and payload capability – and does it all more efficiently, resulting in less fuel usage and extended maintenance intervals that can translate directly into bottom-line savings for customers."The 2011 Super Duty is not only the most powerful, most capable and fuel-efficient heavy-duty pickup truck on the road, it performs the tough jobs with even more efficien...
Read articleUPDATE - Toyota to fix more US Tundras for rust problems
2010-03-10 02:50:52
Keywords: United States of America,Automobiles and components,Japan,Asia,Major Breaking News,
Quote: The Tundra, which Toyota redesigned in 2007, represents the
Japanese automaker's attempt to crack a market for full-size
work trucks that has been dominated by Ford Motor Co (F.N),
General Motors Co [GM.UL] and Chrysler. Toyota indicated it would also pay car rental fees for up
to 60 days for Tundra drivers in cases where repairs are not
possible because of a lack of parts. The automaker said it would tell all drivers of affected
Tundras where repairs were successful that they would have to
brin...
Read articleChina's Geely secures financing to buy Volvo: report
2010-03-10 02:50:51
Quote: 0175.HKNews) has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.Dagens Industri, citing sources, said that Chinese financial institutions and regional government bodies had provided the money for Geely to complete its purchase.NYSEFNews) about the financing of its business plan for Volvo.Earlier this week, ZGH said it had yet to sign an agreement in its ongoing bid for Volvo cars, though its plan ...
Read articleToyota sales up 50 percent from March 2009
2010-03-10 02:50:51
Quote: So people see a sense of urgency."ToyotaGeneral MotorsFord Motor Co.Toyota's deals.Toyota's spending of $1,833 per vehicle in February was below the industry average of $2,588, according to auto information site Edmunds.com"Now that the congressional hearings are behind us, it's time to move on," Esmond said. "We said we're sorry. I think we've taken responsibility in terms of the recalls."AP Auto Writer Dee-Ann Durbin contributed from Detroit.......
Read articleFord Adds Security and Other Features to Sync
2010-03-09 04:56:41
Keywords: Electronics, Gadgets, Personal Tech, New Technology, New Technology Products
Quote: The Internet is coming to cars – and so are security systems to keep viruses and hackers out.
Ford Motor plans to announce Monday a set of data-security technologies for Ford, Lincoln and Mercury vehicles that have Sync — a system that lets car owners connect digital media players and Bluetooth-enabled mobile phones to their vehicle’s entertainment system and operate them with voice commands or controls in the steering wheel. Sync, which Ford developed with Microsoft and ...
Read articleMoody's raises Ford Credit's rating one notch
2010-03-05 07:25:52
Keywords: United States of America,U.S. corporate debt,Debt,High-yield debt,Financials,Automobiles and components,Debt ratings news,Credit Market News,
Quote: Moody's raises Ford Credit's rating one notch NEW YORK, March 4 (Reuters) - Moody's Investors Service on
Thursday raised its rating on Ford Motor Co's (F.N) finance arm
by one notch, citing an improved capital position and moves to
preserve liquidity during the economic downturn. Moody's raised Ford Motor Credit Co's rating to B2, its
fifth-highest junk rating, from B3. The outlook is stable,
indicating another rating change is not expected over the next
12 to 18 months. Though Ford Credit's ass...
Read articleThailand Tightens Environmental Regulation
2010-03-05 07:25:50
Quote: But now there is another issue that has companies such as Ford Motor Co. and a host of petrochemical firms wondering if they should be putting their money somewhere else: the government's struggle to deal with tough new environmental regulation.
In September, a Thai court sided with the country's growing green movement and suspended $12 billion in investments on Thailand's industrial eastern seaboard—the world's eighth-largest petrochemical hub—until their environmental impact can be...
Read articleUPDATE - Geely's Volvo talks on track, no deal yet -chmn
2010-03-05 07:25:49
Keywords: Automobiles and components,Emerging countries,Mergers and Acquisitions (including Changes of Ownership),Hong Kong,Asia,China,Europe,Western Europe,United States of America,Sweden,Nordic Countries,Hot stocks,Equities,
Quote: UPDATE 1-Geely's Volvo talks on track, no deal yet -chmn * No formal agreement signed yet - Geely chairman * Has obtained some regulatory approvals - chairman * Expects "no difficulties" to complete the deal
(Adds quotes, details)Doug Young BEIJING, March 5 (Reuters) - The parent of China's Geely
Automobile (0175.HK) said it has yet to sign an agreement in its
ongoing bid for Ford's (F.N) Volvo car unit, but that its plan to
purchase the brand are proceeding on track. Zhejiang Geely Holdings had...
Read articleFord Fusion and Fusion Hybrid Continue Momentum in 2010; More Than 60 Percent of Buyers New to Ford
2010-03-05 07:25:49
Quote: DEARBORN, Mich., March 5 /PRNewswire-FirstCall/ -- Â The 2010 Ford Fusion and Fusion Hybrid, fresh off a sales record and a string of awards in 2009, are attracting more buyers who are new to the Ford brand than ever before. The Fusion, redesigned in 2009, saw "conquest sales," or sales to customers new to Ford, increase to 60 percent of total Fusion sales in February, up 6 percentage points from January and up 11 percentage points from the 2009 calendar year. The percentage of customers new t...
Read articleFord Product Development Chief Honored with National Academy of Engineering Award
2010-03-05 07:25:49
Quote: DEARBORN, Mich., March 5 /PRNewswire-FirstCall/ -- Ford's Group Vice President, Global Product Development, Derrick Kuzak, was officially selected as a recipient of the 2010 National Academy of Engineering (NAE) award, the highest honor and most prestigious award in the engineering community."Derrick is a precise, methodical engineer and a phenomenal product development leader," said Ford President and CEO Alan Mulally. "He has the unique ability to inspire and motivate his team to new heights o...
Read articleBob Lutz, GM's 'ultimate car guy,' to retire
2010-03-04 02:12:29
Quote: Whitacre said he wanted Lutz to help him learn the ropes at GM.Long a fan of flashy race cars, Lutz has called the Chevrolet Volt, the gas-electric sedan that can go up to 40 miles on battery-power alone, his proudest achievement.Lutz is also credited with leading crosstown rival Chrysler Group LLC to success in the 1990s and spent time at Ford Motor Co. and Germany's BMW AG. He rejoined GM in 2001.At the Detroit auto show in January, Lutz said he supported opening more factories to produce hot-...
Read articleThe Ultimate Car Guy Parks It
2010-03-04 02:12:29
Keywords: General Motors, Bob Lutz, Autos
Quote: Bob is an ex-Marine and loyalty, up and down, is part of his makeup.I recall mentioning to him once how common backstabbing was at Ford and how he angrily snapped, "I was never one of those." If there was one exception, Bob Lutz never got along with Lee Iacocca, and we all knew it. But each saved Chrysler--Lee first, then Bob. I recall saying to Bob (I was interviewing him in a hot tub) that he and Lee were really alike, and he replied, "That's the worst thing you could ever say to me." But when...
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