Tag - Ford
Ford Motor Company, which made a whopping $12 billion loss last year and has mortgaged its assets, including its blue oval logo to fund its turnaround is looking to its workers to regain back its position. The workers of the company are expected to...
The profit of Toyota seems to have come down as employees with its U.S. plant seek unionization.
Toyota is world's leading carmaker, which recently grabbed world No. 1 cap from the Detroit-based GM, and is paying an average $47.60 per hour to...
Detroit's big three automakers are doing everything possible to return into profit foray.
After losing their pioneer position to Asian automakers, General Motor, Ford and DaimlerChrysler have introduced reconstruction plans, in which they are...
Desperate Detroit-based automakers are moving to lessen the labor cost roughly by $25-an-hour and are trying to cut it down to the level paid by Asian rivals Toyota Motor Corp. and Honda Motor Co.
Battling with the increasing losses, automakers...
Increasing oil prices and growing Asian rivals’ presence in US market had littered Ford’s income. After derailing from No 2 spot of biggest automaker, Ford were continuously loosing profit and it’s once most liked gas guzzling SUV...
Ford shareholders on Thursday provided increasing support to a proposal that would strip the company's founding family of at least some of its authority over the stressed auto maker. A group of Ford Motor shareholders lashed out on the company...
Toyota Motor's quarterly profit increased 9 percent as it marked its record seventh straight fiscal year of record sales amid robust demand for its fuel-efficiency model like Corolla, Camry and Lexus and gas-and-electric hybrids Prius. Toyota's sale..
This is no good news for Ford Escape sport utility vehicle owners. The company has recalled more than 500,000 SUVs after reports of engine fires caused as a result of corrosion on antilock brake connectors. The models of 2001 to 2004 have been recalled.
Ford Motor Co. is taking several measures to raise cash after last year's record loss, will sell its profitable Aston Martin luxury sports-car unit for as much as $850 million to a consortium of investors. The consortium is led by the British...
Japanese automaker Toyota, posted 9.5 upsurges in the sales boosted by its Camry mid-sized car and Prius in the US market, while US manufacturers General Motors recorded 16.6 percent dip and Ford saw 19 percent drop in sales.
Luxury car maker...
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