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Ford Motor CompanyFinancial News
Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles. Review A look back at last week's important events. Preview A look forward to those events scheduled for next week. Ford Motor Co. will keep investing in new fuel-saving technology even if it doesn't get any government loan guarantees, but the loans will help the automaker get the technology to market more quickly, Executive Chairman Bill Ford said Friday. The continued slump in demand for new vehicles, along with shifting consumer preferences and increasing foreign competition, have prompted the automotive industry to shed thousands of jobs this year. Thousands of Ford Motor Company employees joined arms today to volunteer at projects on six continents for the third annual Ford Global Week of Caring. Home Page
Ford Motor Company News
CHICAGO, Sept. 6 (UPI) -- At least 600 part-time workers will be laid off as Ford Motor Co. cuts costs at its Chicago assembly plant amid U.S. sales declines, the automaker says. DEARBORN, Mich., Sept. 4 -- Ford Motor Credit Company is offering customers affected by Hurricane Gustav and Tropical Storm Fay the option to delay some car payments. Ford Motor's newly created business unit to rapidly develop in-car technologies doesn't even have a name yet -- it's been using the working title "Connected Services" as other names are researched -- but there's been no lack of speed, or direction, on the new 40-person team. Ford Motor Co., which already has reduced nearly 40 percent of its workforce since 2005, is ramping up its effort to get UAW-represented hourly workers to leave the company voluntarily -- hosting several job fairs and launching a Web site aimed at helping workers transition to new professions. At least 600 part-time workers will be laid off as Ford Motor Co. cuts costs at its Chicago assembly plant amid U.S. sales declines, the automaker says.An unspecified number of hourly and salaried employees also will lose their jobs, the Dearborn, Mich., company said.It is likely cuts will spill over to Ford's Chicago Heights stamping plant, 30 miles south of the city, The Southtown Star of ... Ford Motor Company says it's cutting 600 part-time jobs at its Chicago assembly plant when it drops one of its two shifts by early November. By Kathleen Thurber Staff Reporter While Ford Motor Company has directed much of its marketing attention toward smaller cars in an effort to increase traffic during a time when automotive sales are at a 16-year low, in Midland, truck will remain the buzzword. MATTOON ? Pilson Auto Center, in conjunction with Ford Motor Company, will host a special ?Cruise 4 UR School? fund-raising event to benefit the booster clubs of Mattoon and Charleston high schools. DEARBORN, Mich. ? Ford Motor Co. will keep investing in new fuel-saving technology even if it doesn't get any government loan guarantees, but the loans will help the automaker get the technology to market more quickly, Executive Chairman Bill Ford said. Ford Motor Company is cutting 600 part-time jobs at its Chicago assembly plant when it drops one of its two shifts by early November. Home Page
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