Alan MulallyIn boon for Japan's automakers, yen tumbles over milestone 10:21 pm U.S. ET | May 9, 2013  Toyota's half-decade of fighting the yen is over, at least for now. The weakening yen breached 100 against the dollar in U.S. trading on Thursday, paving the way for Japanese automakers to emerge from an unprecedented stretch where the currency's appreciation roiled their ability to sell cars overseas at a profit.... Read More »
Bill Ford tells shareholders to be patient about stock price 11:21 am U.S. ET | May 9, 2013  Executive Chairman Bill Ford asked for patience from Ford Motor investors who pressed him about the company's languishing stock price at the automaker's annual meeting here today. Despite 15 straight profitable quarters, Ford's share price has lagged the S&P 500's gains for about two years.... Read More »
Ford profit rises 15% on N.A. record 7:02 am U.S. ET | April 24, 2013  Ford's first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe. The results marked a solid start to 2013 as Ford seeks its fifth straight year of profit.... Read More »
Ford profit rises despite $462 million Europe lossApril 24, 2013 13:02 CET  Ford today said its first-quarter net income rose 15 percent from a year earlier despite a $462 million operating lose in Europe. Ford reaffirmed its forecast for a 2013 loss in Europe of about $2 billion. In 2012, the loss was $1.75 billion.... Read More »
THE LAST QUARTER CENTURY -- THE PETEY AWARDS As retirement approaches, Publisher Peter Brown honors some of the best, and worst, automotive adventurers 12:01 am U.S. ET | April 22, 2013  In his 25th year as editor or editorial director of Automotive News, Peter Brown says he can now state with conviction that in the automotive industry, about every three years, everything you know is wrong. As he nears the end of his tenure, he revives his periodic Petey Awards citations for achievement, failure or significance.... Read More »
Ford's top execs devote much more time to China 12:01 pm U.S. ET | April 15, 2013  During a recent visit to China, Ford COO Mark Fields ran the company's global business-plan review meeting -- a weekly gathering that includes all of the company's senior leaders -- from Ford's China headquarters in Shanghai. The meeting ran until 1 p.m. Detroit time, or 1 in the morning for Fields in Shanghai. Such a late-night scenario likely won't be his last. Fields, CEO Alan Mulally and the rest of Ford's leadership team are turning their attention eastward.... Read More »
Ghosn, Mulally revive touchy Japanese currency issueApril 2, 2013 06:01 CET  A long-distance debate last week between two CEOs -- Ford's Alan Mulally and Renault-Nissan's Carlos Ghosn -- reignited a hot-button debate in the industry over the value of the Japanese yen. Is the weakening value of the yen giving the Japanese an unfair edge?... Read More »
YIN AND YANG OF YEN Mulally, Ghosn revive touchy Japanese currency issue 12:01 am U.S. ET | April 1, 2013 A long-distance debate last week between two CEOs -- Ford's Alan Mulally and Nissan-Renault's Carlos Ghosn -- reignited a hot-button debate in the industry over the value of the Japanese yen. Is the weakening value of the yen giving the Japanese an unfair edge?... Read More »
LUCA CIFERRI BMW needs to adapt its retirement policy to changing times 12:01 am U.S. ET | March 28, 2013  BMW plans to raise the mandatory retirement age for its top management to 62 from 60 but the company isn't going far enough if it wants to keep the expertise of long-serving executives.... Read More »
Mulally says he’s concerned about effect of weaker yen 10:59 am U.S. ET | March 26, 2013  Ford CEO Alan Mulally said he’s concerned that the depreciation of the yen is bolstering the competitiveness of Japanese carmakers.... Read More »
Ford CEO Mulally's 2012 compensation falls 29% to $20.99 million 9:15 am U.S. ET | March 15, 2013  Ford CEO Alan Mulally's compensation fell 29 percent in 2012 as the company failed to hit several performance targets. Mulally's pay dropped to $20.99 million from $29.5 million in 2011. Mulally received $2 million in salary, a $3.95 million cash bonus and stock awards totaling $14.3 million last year, according to a proxy statement released by the company today.... Read More »
Ford awards Mulally nearly $12 million in performance bonusesMarch 6, 2013 06:01 CET  Ford CEO Alan Mulally this week was awarded performance bonuses worth nearly $12 million, Ford disclosed to U.S. regulators.... Read More »
Ford awards Mulally nearly $12 million in performance bonuses 9:55 pm U.S. ET | March 5, 2013  Ford CEO Alan Mulally this week was awarded performance bonuses worth nearly $12 million, Ford disclosed to U.S. regulators on Tuesday.... Read More »
Ford to cut waste per vehicle built 41% by 2016 4:04 am U.S. ET | Feb. 27, 2013  Ford Motor Co. plans to reduce the amount of waste sent to landfills for each vehicle that it builds by 41 percent as part of a five-year plan through 2016. Ford plans to reduce waste generated per vehicle globally to 13.4 pounds per vehicle, from 22.7 pounds in 2011, the company said today.... Read More »
GM denies reports of proposed hike in CEO Akerson's 2013 pay 8:11 pm U.S. ET | Feb. 25, 2013  GM today strongly denied several media reports that it has requested an increase in CEO Dan Akerson's 2013 compensation. Akerson's pay last year of $11.1 million ended up being higher than the $9 million originally requested primarily because he received restricted stock units that were earned in 2011, a GM official who requested anonymity said.... Read More »
GM denies reports of proposed hike in CEO Akerson's 2013 payFeb. 26, 2013 02:11 CET  GM today strongly denied several media reports that it has requested an increase in CEO Dan Akerson's 2013 compensation. Akerson's pay last year of $11.1 million ended up being higher than the $9 million originally requested primarily because he received restricted stock units that were earned in 2011, a GM official who requested anonymity said. General Motors is proposing to pay CEO Dan Akerson $11.1 million this year, according to a document obtained by Bloomberg News.... Read More »
Ford to give Mulally bonus payment after he retiresFeb. 20, 2013 06:01 CET  Ford is planning to pay a bonus to CEO Alan Mulally after his employment ends as a reward for leading the automaker through its turnaround.... Read More »
Ford to give Mulally bonus payment after he retires 11:12 am U.S. ET | Feb. 19, 2013  Ford is planning to pay a bonus to CEO Alan Mulally after his employment ends as a reward for leading the automaker through its turnaround.... Read More »
DAVE GUILFORD How Boeing prepared Alan Mulally for Ford 4:07 pm U.S. ET | Jan. 30, 2013  Ever wonder how Alan Mulally walked into Ford from the aircraft industry and knew exactly what to do to whip the company back into shape?... Read More »
Ford beating GM in race to Europe turnaroundJan. 28, 2013 08:04 CET Ford will post fourth-quarter results on Tuesday with the figures likely to show the lowest operating profit of the year. But those figures mask optimism coming from an unlikely place: Europe. The automaker is further along the road to recovery in the region than many of its rivals, including GM.... Read More »
AUTOMOTIVE NEWS WORLD CONGRESS Mulally: Ford's challenge is smoother launches 12:01 am U.S. ET | Jan. 21, 2013  Ford Motor Co.'s biggest challenge is "going up in production and delivering all the launches," CEO Alan Mulally said after his Automotive News World Congress speech.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Mulally vows to 'follow the processes' to avoid more launch recalls 4:10 pm U.S. ET | Jan. 15, 2013  Ford needs to stick to its processes and learn from its mistakes as its volumes increase if it wants to avoid further recalls similar to the four that plagued the launch of the 2013 Ford Escape, CEO Alan Mulally told reporters after a speech at the Automotive News World Congress.... Read More »
2013 DETROIT AUTO SHOW Mulally checks out the 2014 Chevy Corvette Stingray 5:35 pm U.S. ET | Jan. 14, 2013  Ford CEO Alan Mulally was all smiles Monday afternoon when he took a few minutes to check out the just-unveiled 2014 Chevy Corvette Stingray. GM unwrapped the seventh-generation sports car at a party Sunday evening and repeated the introduction this morning at a packed news conference.... Read More »
2012 LOS ANGELES AUTO SHOW 'One Ford' strategy to remain top focus, Fields says 9:40 pm U.S. ET | Nov. 28, 2012  Ford has spent the last six years developing a global product strategy under CEO Alan Mulally. Building on the plan is Mark Fields' top priority when he starts running the automaker's global operations next month.... Read More »
Bill Ford: Fiscal cliff agreement 'vitally important' 1:36 pm U.S. ET | Nov. 19, 2012  A deal between President Barack Obama and Congress to avoid the fiscal cliff is critical to the United States economy’s health and to Ford Motor, the company’s executive chairman said today.... Read More »
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 Toyota's Lentz: Camry in a 'three-horse race'Toyota's Jim Lentz says the Camry will fend off main rival Honda Accord and upstarts such as the Ford Fusion... Mon., May 20» Watch the Video |
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