News Breaks |
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| February 21, 2013 |
| 11:02 EDT |  | F | Ford invests nearly $200M, to add 450 new jobs at Cleveland Engine Plant
To meet rising consumer demand for the 2.0-liter EcoBoost engine, Ford will invest nearly $200M and add 450 new jobs at its Cleveland Engine Plant. The hiring builds on the creation of more than 8,100 salaried and hourly jobs in the U.S. last year, including 1,000 in-sourced hourly positions. Ford is more than halfway to its goal of creating 12,000 hourly jobs in the U.S. by 2015 to support new products and investment. Additionally, the company announced last month it plans to hire 2,200 salaried workers in the U.S. in 2013 to fill jobs in such key areas as Product Development, Manufacturing and IT. Production of the 2.0-liter EcoBoost for North America is currently based in Valencia, Spain. The investment in Cleveland will shift North American production to Ohio, while Ford's Valencia Engine Plant will remain the exclusive production location of the 2.0-liter EcoBoost for Ford of Europe-built vehicles. Valencia will continue to produce and ship parts for these engines to North America. Overall employment at the Valencia plant will not be impacted. Production of the 2.0-liter EcoBoost engine will begin in North America in late 2014. |
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News For F From The Last 14 Days Check below for free stories on F the last two weeks. |
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| May 17, 2013 |
| 16:00 EDT |  | F | Options Update; May 17, 2013
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| May 16, 2013 |
| 12:36 EDT |  | F | Ford sued over alleged engine defects, Automotive News says
Three vehicle owners are suing Ford over alleged defects in the automaker's six-cylinder EcoBoost engine.according to Automotive News. The plaintiffs allege that the engine had defects that caused the vehicle to "shake, misfire and rapidly lose power," the website stated. Reference Link |
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| 10:03 EDT |  | F | On The Fly: Analyst Upgrade Summary
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| 08:16 EDT | | F | Ford upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Ford following checks that indicate European production has bottomed, which removes an overhang. The firm believes investors will focus on strong North American results and an improved balance sheet. Price target raised to $18 from $15. |
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| 05:55 EDT | | F | Pickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link |
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| May 15, 2013 |
| 06:57 EDT | | F | EU to investigate Spain grant to Ford, Reuters reports
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| 06:42 EDT | | F | Ford expands in Russia with new $247M engine plant, Detroit News says
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| May 14, 2013 |
| 13:38 EDT | | F | Ford, GM get high marks in consumer survey, Automotive News says
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| 11:33 EDT | | F | Ford Sollers to build $274M engine plant in Tatarstan
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| May 11, 2013 |
| 13:13 EDT | | F | Western car makers losing ground in India, WSJ says
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| May 9, 2013 |
| 09:12 EDT | | F | AeroVironment selected by Ford to provide home charging solution for EVs
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| 06:09 EDT | | F | China passenger vehicle sales rose 13% in April, Bloomberg reports
In China, passenger vehicle sales jumped 13% in April as demand rose for new models, reports Bloomberg. Wholesale deliveries of cars, multipurpose and SUVs increased to 1.44M units, according to the state-backed China Association of Automobile Manufacturers.Reference Link |
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| 05:59 EDT | | F | GM: Most Silverado truck sales this year will be older model, Bloombeg reports
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| May 8, 2013 |
| 09:37 EDT | | F | Active equity option families trading on open
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| May 7, 2013 |
| 09:33 EDT | | F | NHTSA monitoring 100,000 Ford, Mercury minivans for signs of rust, AP reports
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| May 6, 2013 |
| 14:06 EDT | | F | Facebook to launch video advertising in newsfeed, FT reports
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| 12:27 EDT | | F | Ford changing vehicle launch procedures, Automotive News says
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| 07:10 EDT | | F | Market for midsize cars wide open, WSJ reports
Toyota (TM) and Honda (HMC) were top sellers a few years ago and by a wide margin. No more. Now, it is a wide-open market. Ford (F) and GM (GM) have turned their midsize sedans into real challengers and closed the quality gap with Japan, reports the Wall Street Journal.Reference Link |
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| 06:23 EDT | | F | General Motors, Ford heavily investing in Russia auto market, Detroit News says
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| 06:18 EDT | | F | Ford, others see Thailand as springboard for exports, Bloomberg reports
Ford’s factories in Thailand can produce eight times more vehicles than it sells locally. And Thailand is Southeast Asia’s biggest car market and an export hub for the region as automakers such as Ford ship most of the vehicles to nearby countries tax-free. Ford and Japanese automakers sees Southeast Asia as a way to help overcome slowing sales in markets like Europe, and has said its expansion in Thailand is part of an “aggressive growth plan” for the region. Reference Link |
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