dearborn

Missouri Powerball Winners Are Mechanic and Wife

A 52-year-old Missouri mechanic and his wife claimed their share Friday of the record $588 million Powerball jackpot. Mike and Cindy Hill are taking the lump sum option, which means that after taxes, they will receive about $136.5 million.

Ford Expands Recall of F-Series Trucks Over Faulty Airbags

Ford is expanding a recall of its popular F-Series truck line because of faulty airbags that can deploy unexpectedly and possibly lead to injuries, federal regulators said Thursday. The expanded action now includes some 1.2 million trucks from the 2004 through 2006 model years.

UAW Head Uses Ford CEO's Big Payday to Rally Union

When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010's record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiations to regain some of what autoworkers gave up in concessions during the downturn.

Resurgent Ford Awards Top Two Execs $99 Million in Stock

Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company's stunning turnaround, which resulted in the automaker raking in $6.6 billion last year -- its best performance in more than a decade.

February's Sales Put Carmakers in the Fast Lane

It was a good month for auto sales despite inclement weather across much of the country and surging oil prices. Cars sold near an annual pace of 13 million vehicles. That would make February the best on record since the "cash for clunkers" rebate program in 2009.

Ford's Sales Climb 14% on Explorers, Fuel-Efficient Models

Ford reported Tuesday that its sales in February rose 14% compared to a year ago, in part due to strong sales of the revamped Ford Explorer sports-utility vehicle, the Fusion midsized sedan and the Ford Escape compact SUV. Total sales for the month hit 156,626.

Ford May Post Its Best Yearly Profit in a Decade

Analysts forecast that Ford will announce a profit of 48 cents a share on revenue of about $30.6 billion when it releases earnings on Friday. That translates into an expected pretax profit of $8 billion in 2010, the best Ford has seen since 1999.

Ford Caps 2010 With 7% Sales Jump in December

Ford, the nation's second-largest automaker, reported its year-over-year sales rose 7% in December, driven by strong demand from consumers and giving the company its best retail-sales month of 2010. The Dearborn, Mich.-based carmaker sold 190,976 vehicles in December, compared to 179,017 a year earlier.

Ford to Make 500 Temp Jobs Permanent at German Plant

Ford said Friday it plans to offer permanent positions to 500 temporary workers at a plant in Saarlouis, Germany, that will build the next-generation Focus compact car, which begins production next month. The plant will be the only supplier of the new Focus model to Western Europe.

Ford Sees an Expanding Global Car Market

"We see the economy improving, but the strength of the recovery in individual markets has been uneven," said John Fleming, head of Ford's global manufacturing in London on Thursday. He said demand could rise by as much as 10%.

Preview: Ford to Report Peppy Q4 Results

By all accounts, Ford Motor is on a roll, and analysts are hoping to see an upbeat fourth quarter when the automaker reports earnings on Thursday. Compared to other manufacturers, Ford is in an enviable position.

Ford Sales Surge in December

Ford Motor reported Tuesday that sales of its vehicles rose 33 percent in December compared to a year ago. Sales for the full year, however, were down 15 percent compared to 2008. The company increased its domestic market share by a full percentage point, to 15 percent.