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Showing results for tags 'ford motor company'.
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Ford SUV Sales On Record Pace – Expedition Up 74.7 Percent, Explorer Up 12.5 Percent; F-Series Passes 70,000-Truck Mark For Eighth Straight Month; Lincoln Navigator Up 70.0 Percent
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Rumorpile: Lucid Motors Had Takeover Talks With Ford
William Maley posted an article in Automotive Industry
Electric car startup Lucid Motors has been in process of trying to raise extra cash to move forward with the development of their first model, the Air and a factory in Arizona. But Bloomberg has learned from sources at the startup that Lucid reached out to Ford about a possible sale. Reportedly, Ford said they are not looking for a deal at the moment. Currently, the blue oval is undergoing a 100-day review by new CEO Jim Hackett. Interestingly, a source went on to say that Ford isn't ruling out a deal down the road. For the time being, Lucid has called in Morgan Stanley to help with raising the extra funds. “We don’t have the money in place. That’s why we need to secure Series D,” said Lucid Motors' Chief Technology Officer Peter Rawlinson to Bloomberg back in April. “It would be irresponsible to start moving earth or start anything until we have a financial runway to execute that professionally and with absolute integrity.” When asked about how the investments were going this month, Rawlinson said the company is "thrilled with the response from investors." He declined to comment on the scale of investments and the possible meeting with Ford. A Ford spokeswoman said "We don't comment on speculation." Source: Bloomberg -
Electric car startup Lucid Motors has been in process of trying to raise extra cash to move forward with the development of their first model, the Air and a factory in Arizona. But Bloomberg has learned from sources at the startup that Lucid reached out to Ford about a possible sale. Reportedly, Ford said they are not looking for a deal at the moment. Currently, the blue oval is undergoing a 100-day review by new CEO Jim Hackett. Interestingly, a source went on to say that Ford isn't ruling out a deal down the road. For the time being, Lucid has called in Morgan Stanley to help with raising the extra funds. “We don’t have the money in place. That’s why we need to secure Series D,” said Lucid Motors' Chief Technology Officer Peter Rawlinson to Bloomberg back in April. “It would be irresponsible to start moving earth or start anything until we have a financial runway to execute that professionally and with absolute integrity.” When asked about how the investments were going this month, Rawlinson said the company is "thrilled with the response from investors." He declined to comment on the scale of investments and the possible meeting with Ford. A Ford spokeswoman said "We don't comment on speculation." Source: Bloomberg View full article
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Detroit Three's Car Production Will Move to Mexico
William Maley posted an article in Automotive Industry
If there is one thing that we can pull from this latest round of contract negotiations between the Detroit three and the UAW is that amount of car production that will be heading to Mexico. According to a report from Automotive News, Ford and Fiat Chrysler Automobile will have moved production of most of their mass-market vehicles from the U.S. to Mexico. General Motors will be the only Detroit automaker who is keeping some sort of production of their compact and midsize cars. Why the shift to Mexico? It comes down to what vehicles make money for the three automakers. Currently, pickups and SUVs carry a much higher profit margin than cars. "You can afford to pay a little more when you're making trucks, but the structural change in the industry has been so huge that I was kind of surprised by that -- trucks here and cars in Mexico," said Dave Cole, chairman emeritus of the Center for Automotive Research. But some point out this change in production could put the Detroit three in a situation they found themselves back in the early 2000's with sales of SUVs dropping due to the increase in gas prices. Models that will be moving to Mexico include the Chrysler 200, Dodge Dart, and Ford Fusion. Source: Automotive News (Subscription Required) -
If there is one thing that we can pull from this latest round of contract negotiations between the Detroit three and the UAW is that amount of car production that will be heading to Mexico. According to a report from Automotive News, Ford and Fiat Chrysler Automobile will have moved production of most of their mass-market vehicles from the U.S. to Mexico. General Motors will be the only Detroit automaker who is keeping some sort of production of their compact and midsize cars. Why the shift to Mexico? It comes down to what vehicles make money for the three automakers. Currently, pickups and SUVs carry a much higher profit margin than cars. "You can afford to pay a little more when you're making trucks, but the structural change in the industry has been so huge that I was kind of surprised by that -- trucks here and cars in Mexico," said Dave Cole, chairman emeritus of the Center for Automotive Research. But some point out this change in production could put the Detroit three in a situation they found themselves back in the early 2000's with sales of SUVs dropping due to the increase in gas prices. Models that will be moving to Mexico include the Chrysler 200, Dodge Dart, and Ford Fusion. Source: Automotive News (Subscription Required) View full article
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APR 1, 2014 | DEARBORN, MICH. FORD’S BEST MARCH RETAIL SALES RESULT IN EIGHT YEARS LED BY FUSION AND F-SERIES; LINCOLN UP 31 PERCENT Ford Motor Company March U.S. sales increase 3 percent compared to last year with 244,167 vehicles sold; retail sales of 166,030 vehicles up 3 percent for the best March retail result in eight years Ford Fusion posts record sales month with 32,963 cars sold, up 9 percent from last year’s record month Ford F-Series tops 70,000-vehicle mark with 70,940 vehicles sold, up 5 percent Lincoln MKZ sales increase 72 percent for a best-ever record sales month; Lincoln total sales up 31 percent DEARBORN, Mich., April 1, 2014 – Ford Motor Company U.S. total March sales of 244,167 vehicles are up 3 percent from a year ago. Retail sales of 166,030 vehicles are up 3 percent and represent the best March result in eight years. “March sales turned noticeably higher mid-month and finished strong,” said John Felice, Ford vice president, U.S. marketing, sales and service. “Fusion set an all-time record in March, as overall retail sales in the West continued to expand at the fastest rate in the nation – including California being up 32 percent. F-Series also had a very strong month, as did Lincoln MKZ.” Ford Fusion sales of 32,963 vehicles set an all-time monthly record since the vehicle was introduced in 2005. The western region of the U.S. continues to drive Fusion retail sales higher, including a 22 percent increase in March. Ford F-Series surpassed the 70,000-vehicle sales mark with 70,940 trucks sold. During the last seven years, F-Series has surpassed the monthly 70,000 truck mark only four times. Last month marks F-Series’ highest March sales volume since 2008. Lincoln MKZ sales of 4,052 vehicles are up 72 percent, setting an all-time monthly sales record. The strong performance of MKZ drove overall Lincoln sales to a 31 percent increase in March, the sixth straight month of sales gains. During the last six months, Lincoln has increased sales 27 percent with 43,445 vehicles sold.
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Ford Motor Company U.S. Sales Up 13 Percent; Ford Cars, Escape Continue Record-Setting Pace, Driving Coastal Share Ford Motor Company’s June U.S. sales increase 13 percent compared with a year ago; best June sales since 2006 Ford Escape and passenger cars continue to propel share gains, particularly on the coasts, with Escape setting its fifth straight record month in June Ford F-Series sales post best June sales since 2005 All-new Lincoln MKZ posts best-ever June sales and best quarterly sales performance ever DEARBORN, Mich., July 2, 2013 – Ford Motor Company’s U.S. June sales grew 13 percent compared with a year ago, marking Ford’s best June sales results since 2006. Cars are up 12 percent, utilities are up 8 percent, and trucks are up 20 percent. “In June, we continued to see strong demand across the entire lineup,” said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service. “We’re particularly encouraged by strong retail share gains, especially in coastal markets, where the combination of great design and fuel economy is resonating with customers – including many buying a Ford for the first time.” Ford small cars – including Fiesta, Focus and C-MAX – totaled 35,851, up 39 percent over last year and marking the best June small car performance in 13 years. Escape posted its best-ever monthly sales, up 1 percent at 28,694 vehicles. Escape set record sales for the fifth straight time this year. The small car performance, combined with strong demand for Escape and Fusion, is driving national share gains, especially in the critical western and southeastern areas of the U.S. Posting a 23rd consecutive monthly sales increase, F-Series sales are up 24 percent at 68,009 vehicles. This was the best June sales month for F-Series since 2005. The Lincoln MKZ posted its best-ever June sales, with 3,180 vehicles sold. In addition, the second quarter represented MKZ’s best quarterly sales performance ever and its first time to exceed 10,000 cars in a quarter, with 10,682 sold.
