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Ford posts profit near US$1b in Q3

Business | Automobile
2009-11-3

FORD Motor Co earned nearly US$1 billion in the third quarter, fueled by United States market share gains, cost cuts and the American government's Cash for Clunkers rebates. The Dearborn, Michigan-based auto maker...

Ford workers reject contract changes to slash labor costs

Business | Automobile
2009-11-2

FORD Motor Co workers have overwhelmingly rejected contract changes that would have allowed the auto maker to cut labor costs, leaving Ford at a disadvantage to its Detroit rivals as it continues its struggle to return...

UAW blasts opponents of union's deal with Ford

Business | Airlines and airports
2009-10-26

OPPONENTS of a deal between the United Auto Workers and Ford Motor Co are spreading misinformation as they campaign against the contract, the union's president said over the weekend. In an interview with The Associated...

Small is beautiful for Ford in India

Business | Automobile
2009-9-24

THE Ford Motor Co is to start production of a small car in India early next year, and its chief executive said the United States market was showing signs of recovery and he expected industry sales to rise in the next...

Ford board moves to protect tax assets

Business | Automobile
2009-9-14

FORD Motor Co has said its board of directors has adopted a plan designed to deter shareholders who hold more than a 5 percent stake from increasing their ownership, in order to protect its tax assets. Were shareholders...

'Clunker' initiative proves a hit

Business | Automobile
2009-8-4

SURGING demand from the government's "cash for clunkers" program has helped lift Ford Motor Co to its first monthly increase in two years, according to the company's top sales analyst. July sales marked the first...

Debt cut helps Ford to surprise earnings

Business | Automobile
2009-7-24

FORD Motor Co posted a surprise second-quarter profit of US$2.8 billion yesterday, due to income related to a reduction of debt. The nation's second-largest auto maker said it earned 69 US cents a share, compared...

Ford fuels Chinese car sales with Fiesta

Business | Automobile
2009-7-7

THE Ford Motor Co announced yesterday that first-half sales in China rose 14 percent from a year earlier thanks to better-than-expected performance of its low-cost Fiesta car. The United States auto giant sold...

Ford to pay union healthcare via shares

Business | Automobile
2009-5-13

FORD Motor Co said on Monday that it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with...

Cut in debt seen

Business | Automobile
2009-4-8

SHARES of Ford Motor Co soared 16 percent on Monday after the company said it completed tender offers that will reduce its debt by 38 percent and shave millions of dollars off its interest costs. The auto maker...