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Carpocalypse Now
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Carpocalypse Now
Ford Expects Profitability In 2011, Battery Electric Van By 2010, BEV Sedan For 2011
Ford today announced a plan to turn around its business, claiming it allows them to reach break-even level or profit by 2011. The plan includes building a battery-electric commercial van by 2010 and a BEV sedan by 2011.
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Carpocalypse Now
SNL Sketch Takes On Not-So-Big Three Congressional Hearing
Saturday Night Live took on the not-so-Big Three's congressional testimony and "jetpooling" incident in this weekend's "cold open," and unfortunately fell into the trap of shamelessly mocking tired stereotypes. Which is sad, because we'd watched SNL take on a new level of relevancy as of late thanks to the uber-adorable Tina Fey and an election season devoid of real political commentary. That's not to say watching Will Forte as Rick Wagoner, Darrell Hammond as Bob "The Builder" Nardelli and Jason Sudeikis as Alan Mulally isn't funny, but hearing about quality issues on the upcoming Ford Fiesta and a Cadillac XLR-V is a bit ol' and busted if you ask us. Now quality issues on a Chrysler 300C? That's comedic genius. But hackneyed and tired jokes aside, we were more concerned with further evidence the automakers have done the world's worst job of getting their message out.
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Financiapocalypse
Congressman Urges Automaker CEOs To "Jetpool" When Heading To DC Begging For Money
New York Congressman Gary Ackerman feasts upon a buffet of "delicious irony" as he asks the CEOs from the Not-So-Big Three to perhaps save some cash and fuel by using a single jet together rather than individual private jets from Detroit to D.C. to beg for bailout dollars from the Feds. We even hear Reagan National's got a diamond-festooned runway set up just for jetpoolers. [CNN] -
Financiapocalypse
Not-So-Big Three Automakers Take Corporate Jets To Beg For Money From Congress
It's probably a bad thing to fly a private jet from Detroit to Washington, DC when you're going to ask Congress to provide you a multi-billion dollar loan to bail you out of a financial crisis. That fact hasn't stopped Ford's Alan Mulally, along with the heads of the other automakers, who not only flew to D.C. in the Ford private jet but are, apparently, unwilling to fully cut themselves from the corporate crack that is their private air forces. This really disturbs us. We've been having all sorts of problems with the way the US automakers have managed their message in making the ask for money from the Feds for survival. First they weren't getting their message out. Now, however, they're getting the wrong message out. Frankly, when folks begin saying things like this: More » -
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industry news
Ford's Mulally: This Is All Part Of Our Plan
Ford CEO Alan Mulally spoke with CNBC's Phil LeBeau today following the automaker's announcement of $129 million in third quarter loses and announced the company was ready to weather the storm and will continue to develop its product line — but would still love some o' that good ol' socialist government help. The message appears to be far cheerier than GM's announcement that it would be implementing big changes, though there's still some cause for concern. What's the difference? More » -
Chrysler GM Merger
NYT: GM Sought Merger With Ford First
As if the late-breaking Friday night news of merger talks between Chrysler and GM weren't astonishing enough, Bill "Pickles" Vlasic at the New York Times continued the onslaught of amazement with a follow-up story that GM had initially approached Ford before speaking to Chrysler. Apparently, GM execs approached Ford about a possible merger in July but Ford rejected the idea despite the talks progressing until as late as last month. And we though it was hard creating a name for a merger of GM and Chrysler — try coming up with one for Ford and GM. Best we could come up with was "Big Blue Moval."
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ford ka
Mulally Says Ford Considering Ka For America
Remember how Ford used to claim the Ka was too small for American tastes? Well, it appears American tastes have sufficiently downsized, and Ford CEO Alan Mulally, during an interview on a local Detroit radio show, said an Americanized Ka has quite a few supporters in the halls of the Dearborn automaker. For those not familiar with the Ka (and since it's never been sold here, that may be many of you), the little city cruiser is about the same width as the old Kia-sourced Ford Aspire — remember the Aspire? — and roughly ten inches shorter. Fortunately, the new Fiat 500-based Ka is also rumored to be at least an order of magnitude more fun to drive, so we're looking forward to finally seeing one on these shores in something other than a James Bond flick.
[Detroit News] -
industry news
Ford Meets With Tracinda, Probably Asked Kerkorian Not To Hurt Them
The week after taking a 5.5% stake in Ford Motor Co., representatives of investment tycoon and corporate raider Kirk Kerkorian's Tracinda Corporation had a little chat with Ford CEO Alan Mulally and executive chairman Bill Ford to discuss [random speculation]. While the meeting was described by Ford representatives as cordial, Tracinda's spokespeople haven't said a word about it. We'll keep our ears to the grindstone on this one, but don't expect much more worth repeating anytime soon. Well, until Jerry York heads to Dearborn to roll some heads. [via Automotive News (sub. req.)] -
industry news
Ford Share Price Down 10%, Could Double Soon! Wait, What?
In a bulletin typical of the Russian-nesting-dolls-style news stories that so often seem to come out of Detroit, Reuters is reporting Barron's will soon report Ford per-share earnings "could" double next year to a buck and 44 cents. It would seem possible happy days are possibly here again...umm, possibly? More »





















