The U.S. automaker reported a $1.7 billion profit on strong demand for its revamped line of products, despite a lackluster economy. Continued growth at its Ford Credit finance unit also helped push profits higher.
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Despite pleas by two members of Congress, General Motors said it would proceed with plans to close hundreds of dealerships across the U.S.
Continue reading General Motors Says ‘No’ to Postponing Dealership Clos…
Ford Motor (F) plans to spend $850 million during the next three years to improve and expand plants in Michigan that will result in in 1,200 new full-time jobs, the automaker said Monday.
The capital improvements are part of the company’s plan to upgr…
Riding high on improved demand for its vehicles, analysts expect Ford to post a record third-quarter profit of $1.37 billion tomorrow. The automaker’s current third-quarter earnings record is $1.13 billion, set in 1997.
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Federal regulators are urging owners of previously recalled Ford vehicles to get them fixed to prevent the possibility of engine fires. Only about 40% of the 17.5 million Ford cars, trucks, vans and motor homes recalled have so…