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Stock Market & Financial Investment News

News Breaks
June 12, 2014
14:09 EDTFFord lowers fuel economy ratings for six vehicles
Ford announced it is lowering the fuel economy ratings for its 2013- and 2014-model year hybrid and plug-in hybrid vehicles, as well as most 2014-model year Fiestas.Ford identified an error with fuel economy ratings on certain vehicles through its internal testing and notified EPA. The company worked with EPA as the agency retested the vehicles to determine the correct fuel economy ratings. “Ford is absolutely committed to delivering top fuel economy and accurate information,” said Alan Mulally, Ford president and CEO. “We apologize to our customers and will provide goodwill payments to affected owners. We also are taking steps to improve our processes and prevent issues like this from happening again.” Ford reviewed its entire line up to determine the vehicles that required further testing and revised the fuel economy ratings for the affected vehicles. No other label adjustments are planned. “This is our error. When we see an issue, we address it,” said Raj Nair, Ford group vice president, Global Product Development. “That is why we notified EPA and lowered the fuel economy ratings for these vehicles.”
News For F From The Last 14 Days
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August 29, 2014
08:57 EDTFFord to host sales conference call
Conference call to discuss August sales results will be held on September 3 at 10 am. Webcast Link
06:38 EDTFFord, IBM 12-year apartheid case granted dismissal, Reuters says
U.S. District Judge Shira Scheindlin granted Ford (F) and IBM (IBM) dismissal of a 12-year case which accused the companies of backing human rights abuses in South Africa during the apartheid-era, according to Reuters, citing comments from Scheindlin. The judge decided that the lawsuit does not belong in the U.S. court system. Reference Link
06:01 EDTFFord could add third shift at Flat Rock plant next year, Detroit News reports
Ford could add a third shift at its Flat Rock Assembly Plant late next year depending on sales of the 2015 Mustang, the Detroit News reports. Ford expects 60% of Mustang sales to be in North America. The plant currently employs 3,200 workers. Reference Link
August 28, 2014
13:11 EDTFFord begins 2015 Mustang production, car to be exported globally for first time
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12:50 EDTFFord to pull back production in September at Romanian factory, Reuters says
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August 26, 2014
09:25 EDTFFarm Progress Companies to hold a show
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06:42 EDTFCCI charges automakers $420M for anti-competitive tendencies, Reuters says
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August 25, 2014
15:02 EDTFFord announces $129M investment in Louisville assembly plant
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August 22, 2014
06:54 EDTFChrysler to not replace Ram steel body panels until 2020, Reuters says
Fiat's (FIATY) Chrysler is aiming to redesign its full-size Ram 1500 pickup trucks beginning in three years, but the car manufacturer has no definitive goals to follow competitors GM (GM) and Ford (F) in using aluminum body panels instead of steal until a finalized overhaul happens after 2020, according to Reuters, citing industry sources. Reference Link
August 21, 2014
11:26 EDTFFord asks dealers to stop selling certain Focus, C-Max cars, Reuters reports
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07:18 EDTFChina considering new anti-trust rules for auto sector, China Daily says
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06:08 EDTFGM launches new round of discounts for Labor Day weekend, WSJ reports
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August 20, 2014
20:03 EDTFFord planning hybrid to compete with Toyota Prius, Reuters reports
Ford (F) is planning to introduce a new hybrid gasoline-electric car in late 2018 to compete against the Toyota (TM) Prius, according to Reuters, citing two sources with knowledge of the company's plans. It will be the company's first "dedicated" hybrid, unlike the hybrid Fusion, which is a variation of an existing gasoline model. Reference Link
August 18, 2014
13:01 EDTFFord, Chevrolet launching incentives earlier than usual, Autmotive News says
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07:37 EDTFReport says Russia may bar car imports if new sanctions enacted, Reuters says
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