After years of grooming, Mark Fields, 53, officially was handed the keys to the CEO suite at Ford Motor Thursday. He takes over for Alan Mulally, who has led Ford for the last eight years, taking the automaker from a government bailout to an expected profit of upwards of $7 billion this year.
Ford announced the newest version of the world’s best-selling pickup truck earlier this week, and the newer, lighter model could drive prices up and fuel the gains that pickup truck sales generally have already seen in recent months.
The total industry expects 2013 U.S. sales to come in at 15.6 million, the best year since 2007, when it sold 16.1 million.
Ford Motor Co. put out a report last Thursday describing 2014 consumer trends, peppered with phrases like FOMO, JOMO and “old school.” It might sound crazy but the company says there is ultimately a connection to car sales.
Ford stands to benefit, and the other of Detroit’s Big Three should see growth as well, contrary to Wall Street’s prevailing opinions of the sector.
Here are some recent comments 13 companies made to Wall Street analysts and investors about millennials. Ain’t no trend like a millennial trend ‘cause a millennial trend make bank.
Following high sales in May, all three major US car companies reported big numbers for June as well. Here’s how quickly cars are moving off the lot in the hottest U.S. auto market since the recession.
From Truman to Obama, so much bro.
Car sales were at their highest rate in six months in May. But the auto industry has been expanding since well before then.
And vice presidential! This foot tastes terrible.
Everyone’s trying to live their best lives, but these celebrities clearly already are. If you want the chance to live your best life with them, enter the Random Acts of Fusion Celebrity Life Contest and you could be flown out to LA and live among the rich and famous for a weekend!
Sick of your humdrum non-celeb lifestyle? Here are ten quick and easy tips to start you on the road to fame and fortune—to make it even easier, enter the Random Acts of Fusion Celebrity Life Contest. You could win a real red carpet experience in Hollywood!
GM’s global chief marketing officer, Joel Ewanick, reported Ford’s takedown request via Twitter on Super Bowl Sunday. (h/t @NYCAviation)
Artist Eric Knapp does delightful line drawings of U.S. presidents paired with sassy salutations. This needs to be on currency.
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How romantic. Glad he’s not riding Solo. I just threw up on myself out of shame.
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Barack Obama refuses to “spike the football,” so we’ll do it for him. This list is in no particular order and by no means comprehensive. Achievement unlocked: Reelection.
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Following the 13% drop in Ford’s stock, some analysts are dialing back estimates.
Ford Motors has announced plans to develop self-parking cars by 2010. Do they not have a PR department or something to tell them “Hey, now is probably not the time to announce the stupidest car idea (that already exists) since the Pinto” ? Or is GMAC not on the phone yelling “You’re gonna ruin this for all of us” ? Except not, because Congress will never stop throwing money at stupid, failing businesses. Capitalism!
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The newest offering from the Big Three: The all-new, 2009 Bailout. At just $25 billion, it’s automatically next year’s bestseller.
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American car maker Ford Motor has finally created a fuel efficient car that will get a whopping 65 mpg. Oh just one thing…they’re only selling it in Europe. The main reason is because it runs on diesel fuel which is not a popular fuel source in the US. Ford is claiming they also can’t sell it in the states for “business reasons”. Hmm, the old “it’s not personal, it’s business” line. Look Ford, our cars may run on gasoline, but they don’t run on b.s.
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