Friday 26th August 2016,
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Ford

Tracinda to buy Ford shares

Tracinda to buy Ford shares

Tracinda Corporation has announced it will acquire 20 million common shares of Ford’s stock. Tracinda owned by Kirk Kerkorian (pictured) will offer $8.50 per share which represents a 13.3 per cent premium over Ford’s closing stock price of $7.50 on April 25. Ford released a statement made by Alan Mulally: “We welcome confidence in Ford [...]

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Ford builds 9 millionth Mustang

Ford builds 9 millionth Mustang

Ford announced today it has built its 9 millionth Mustang, a GT Convertible Mustang which will be delivered to a dealership in Iowa. The Mustang is the carmaker’s longest-running nameplate. Mustang was introduced on April 17, 1964, at the New York World’s Fair. The current generation has recorded a huge success representing one of every [...]

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Ford to hire 1,500 workers in Russia

Ford to hire 1,500 workers in Russia

Ford has announced that it will hire 1,500 people at its Russian factory to increase its production Bentley 75 per cent to reach 125,000 vehicles. Located outside of St. Petersburg, the factory produces the Ford Focus hatchback, the best-selling foreign-brand car in Russia. The new production capacity will be used to build the Ford Mondeo. [...]

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Ford boss gets £10.9 mllion in 2007

Ford boss gets £10.9 mllion in 2007

Ford Motor Company released its 2007 Annual Report  which reveals valuable information at a time when the carmaker is losing money in the US. Ford Mulally earned £10.9/$21,6 million 2007. After a massive loss of $12.5 Billion in 2006, the company recorded a news $2.7 Billion loss last year. Part of the plan to restructure [...]

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Ford to unveil a Ford Capri revival next year

Ford to unveil a Ford Capri revival next year

Auto Bild has released a sketch of a concept car which will celebrate the 40th anniversary of the famous Capri coupé launched in 1969. According to company sources, Ford has planned to unveil a modern reinterpretation of the Capri model to celebrate its 40th anniversary. The concept car will preview a future coupé expected to [...]

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Ford to develop a new RWD platform

Ford to develop a new RWD platform

Ford is starting to work on a new rear-wheel drive platform due to be featured on the next-generation Mustang and several saloons. Company’s executives have given the green light to the new platform which will underspin several models such as the next-generation Mustang and the Australian Ford Falcon. The future platform will be for Ford [...]

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Ford to fund future models with bid’s money

Ford to fund future models with bid’s money

Ford CEO Allan Mullally has announced at a conference that Ford will use the Jaguar and Land Rover money to fund new models instead of paying off some debts as initially thought. Ford has set the ambitious plan to rejunevate 70% of its lineup over the next years and plans to use the money raised [...]

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Ford invests £250 million in India

Ford invests £250 million in India

Ford will invest £250 million in India over the next two years to boost its production capacity of small cars from 100,000 today to 250,000 by 2010. "We have lined up $500 million for our expansion plans in India. By 2010, we will ramp up our installed capacity to 250,000 units per annum from 100,000 [...]

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Lincoln works on a production version of the MKT Concept

Lincoln works on a production version of the MKT Concept

According to company sources, Lincoln is currently working on bringing to production the MKT Concept unveiled at the last Detroit Auto Show. No green light has been given yet, but Ford engineers have already started to work on the design of the final model codenamed D472. Ford executives will take a decision after showing a [...]

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Unofficial pictures of the Ford Focus RS

Unofficial pictures of the Ford Focus RS

Pictures of the long-awaited Ford Focus RS have emerged on the Internet. None have been confirmed by a carmaker’s announcement at the Geneva Motor Show. There is some doubt whether those pictures are official or not. However, they seem to be realistic enough to be taken seriously. With the RS, Ford will go wild and [...]

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