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18 result(s) displayed (1 - 18 of 18):

Ford-UAW deal close, but will members agree? (from Corporate Dealmaker)

Ford Motor Co. is reportedly nearing a deal with the United Auto Workers on labor-contract revisions aimed at bringing Ford's costs in line with those of crosstown rivals General Motors Co. and Chrysler Group LLC.UAW local officials have been summoned by leadership to Detroit on Tuesday for an update on...

Posted on October 9, 2009 5:00 PM

Ford plays catch-up in China (from Corporate Dealmaker)

Ford Motor Co. (NYSE:F) announced Friday plans to build its third assembly plant in China, part of the automaker's bid to catch up with General Motor Co. and other rivals in Asia. The $490 million facility, to be located in Chongqing, is scheduled to come online in 2012 and produce...

Posted on September 25, 2009 2:16 PM

Ford to suppliers: Get healthy now (from Corporate Dealmaker)

A Ford Motor Co. (NYSE:F) executive on Friday delivered a stern message to the automaker's suppliers: Get healthy now, or risk being left behind.With General Motors Co. and Chrysler Group LLC going through bankruptcies and the entire automotive sector shrinking, many believe the beleaguered U.S. parts sector is careening toward...

Posted on August 7, 2009 2:20 PM

Ford on course to break even in 2011 (from Corporate Dealmaker)

Ford Motor Co. (NYSE:F) on Thursday reiterated its intention to break even or turn a pretax profit by 2011, saying it would replace or refresh at least 70% of its product lineup by volume in the coming years.Ford, the only one of the Detroit Three who has not been through...

Posted on August 6, 2009 2:40 PM

Detroit quality improving, but Toyota still best (from Corporate Dealmaker)

The U.S. auto industry might be suffering, but at least the initial quality of what they are building is improving. So says J.D. Power and Associates, which as part of its 2009 Initial Quality Study says that new vehicles sold by Chrysler Group LLC, Ford Motor Co. (NYSE:F) and General...

Posted on June 22, 2009 2:27 PM

GM finally attracts some high-pots (from Corporate Dealmaker)

One of the big problems that has hobbled General Motors Corp. in recent decades has been a shortage of executive talent. As its fortunes waned and glamor and growth receded across the whole U.S. auto industry, ambitious young business people headed for Silicon Valley and Wall Street instead of GM...

Posted on June 1, 2009 10:54 AM

New emission rules both bad and good for Detroit (from Corporate Dealmaker)

The White House is expected on Tuesday to announce new emissions standards that would cut greenhouse gas emissions from new cars and trucks by 30% by 2016. That's bad news and good news for domestic automakers already scrambling to restructure their operations and restore profitability. Automakers have long fought tougher...

Posted on May 18, 2009 3:50 PM

Cross-border auto bailouts: More arguments ahead? (from Corporate Dealmaker)

A dustup now underway in Britain could be the shape of things to come in the rapidly reconfiguring and economically challenged global auto industry.As Dealscape notes, India's Tata Group Ltd. is seeking about £500 million ($754 million) of U.K. state assistance for carmaker Jaguar Land Rover. But talks have broken...

Posted on May 7, 2009 9:51 AM

Ford: No issue with supplier payments (from Corporate Dealmaker)

When the U.S. Treasury announced financial aid for auto suppliers Thursday morning, it noted that General Motors Corp. (NYSE:GM) and Chrysler LLC had agreed to participate. Suppliers that ship to those companies will thus be guaranteed payment, regardless of what happens to the companies.But why isn't Ford Motor Co. (NYSE:F) ...

Posted on March 19, 2009 3:37 PM

Ford reaches labor-cost parity with foreign rivals (from Corporate Dealmaker)

Ford Motor Co. (NYSE:F) has made impressive strides restructuring its operations as crosstown rivals General Motors Corp. (NYSE:GM) and Chrysler LLC plead for government loans to stay in business. But its discussion Wednesday of the benefits of a cost-cutting deal with its United Auto Workers union might mark a key...

Posted on March 11, 2009 1:59 PM

GM's Lutz suggests Volvo-Saab merger (from Corporate Dealmaker)

General Motors Corp. (NYSE:GM) outgoing vice chairman Bob Lutz has a novel solution to the problems faced by Swedish automakers Volvo Cars AB and Saab Automobile AB. He suggests the two companies should merge.GM has announced plans to divest its Saab subsidiary instead of continuing to support the money-losing brand,...

Posted on March 4, 2009 4:01 PM

Report: Ford could shed its Volvo brand by Easter (from Corporate Dealmaker)

While General Motors Corp. (NYSE:GM) and Chrysler LLC scramble for additional government assistance to avoid a Chapter 11 filing, crosstown rival Ford Motor Co. (NYSE:F) reportedly is making progress in its effort to boost its cash reserves by selling its money-losing Volvo AB unit.Autoblog on Thursday quoted a Swedish-language newspaper...

Posted on February 26, 2009 11:15 AM

Ford sees U.S. auto industry stabilizing (from Corporate Dealmaker)

A sign of hope for the auto industry: Even if conditions are not improving, at least one company is optimistic that, after months of spiraling downward, sales in the U.S. might finally be stabilizing.Ford Motor Co. marketing and sales chief Jim Farley said Tuesday that February sales are tracking January...

Posted on February 11, 2009 2:29 PM

Chinese-made Volvos? Maybe, maybe not (from Corporate Dealmaker)

There's still plenty of money over there in China, and some ambitious manufacturing companies with obvious strategic needs. So lately, whenever a U.S. company needs to sell something big, Chinese buyers feature prominently on the list of prospects.That was the case for General Electric Co.'s appliance division, for example. But...

Posted on January 29, 2009 2:28 PM

Supply chain strains in a flat, credit-starved world (from Corporate Dealmaker)

Credit crunches always affect supplier relationships. Will the smaller company that provides a vital component to a big manufacturing firm go bankrupt and disrupt the manufacturer's production? Will a distressed manufacturer squeeze its suppliers beyond their endurance?Not surprisingly, we're starting to see these and other supplier issues pop up regularly...

Posted on December 10, 2008 10:01 AM

Competitors' patents: A warning light that could have helped Detroit (from Corporate Dealmaker)

Manufacturing dexterity is emerging as a key strategic advantage in the automotive industry. For example, Honda Motor Co. can stop a manufacturing line producing Civics, install new hand-like robotic welders and five minutes later begin production of CR-V crossovers. But as a September Wall Street Journal article explained, U.S. automotive...

Posted on December 9, 2008 9:51 AM

Swedes sweat over fates of Saab, Volvo (from Corporate Dealmaker)

Michigan isn't the only locale where the flagging fortunes of U.S. automakers are Topic A. Looming restructurings at Ford Motor Co. and General Motors Corp. also have major implications for Sweden, which is likely to see both Ford's Volvo unit and GM's Saab division put up for sale or spun...

Posted on December 4, 2008 11:04 AM

It wouldn't be the first time Renault has eyed Volvo (from Corporate Dealmaker)

A Reuters report on Monday that Ford Motor Co. has had talks with Renault SA about the possible sale of its Volvo unit is also a reminder of the huge changes in the world economy -- and in the auto business -- since 1993.That was the year that a plan...

Posted on June 30, 2008 3:38 PM