October 28, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    James Hackett

    Ford CEO Jim Hackett earned $17.1 million in 2018

    Ford Motor CEO Jim Hackett earned salary, bonus and stock awards of $17.1 million in last year, up from $16.3 million the previous year, while adjusted pretax profit for the car manufacturer dropped $2.6 billion from 2017, the company stated on Friday. Including pensions and perks, Hackett made $17.7 million. The company stated Hackett, who […]

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    Trump metals tariffs to cost Ford $1 billion in profits, says Ford CEO

    Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor about $1 billion in profits, its chief executive officer stated on Wednesday, where as Honda Motor stated higher steel costs have brought “hundreds of millions of dollars” in recent costs. “From Ford’s perspective the metals tariffs took about $1 billion in profit […]

    Ford , Honda
    Ford logo in their auto plant

    Ford reports low quarterly net profit but beats estimates

    Ford Motor reported a lower quarterly net profit but beat analyst expectations amid greater commodity, engineering and recall expenses, and a drop in automobile sales. Ford shares were down at $11.54 in early trade. The No. 2 U.S. automaker, which restated its pretax profit forecast for this year, cautioned investors in late March that higher […]

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    Ford reports lower profits, takes hit from pensions, canceling Mexico plant

    Ford Motor on Thursday reported a fourth-quarter loss, mentioning an accounting change to pensions and expenses for canceling a factory in Mexico, which President Donald Trump had targeted on his way to the White House. Ford likewise reaffirmed its projection that 2017 profits would be lower, which contrasted with more positive forecasts from Detroit competitors […]

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    Ford Fiesta

    Ford takes Fiesta upmarket to raise revenue

    Ford wishes to increase profitability in Europe by including higher-margin variations of the Fiesta subcompact, its very popular local model, the automaker’s top European executive stated. High-volume automakers such as Ford have for numerous years been squeezed in a downmarket growth by luxury competitors including Daimler’s Mercedes-Benz and Audi. However Ford, which presently targets premium […]

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    Ford Success in Europe Masked by Trouble on US Shores

    Ford has progressively recouped since the economic crisis, growing its market share in the U.S., reversing the company in Europe and gradually developing its operations in other areas. If you take a look at the way Ford’s stock has actually moved in the last five years, you will be pressed to think that this business […]

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    Ford’s second-quarter earnings decreased 9% to $2 billion

    Ford made $2 billion in the 2nd quarter of current year, lowered by 9% compared to the last year, as the long-running boom in U.S. automobile sales revealed indications of cooling. On a per-share basis, Ford has made 52 cents per share. That disappointed Wall Street expectations, which balanced 60 cents a share amongst 14 […]

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