DETROIT/NEW YORK (Reuters) – Ford Motor Co’s board of directors plans to press Chief Executive Alan Mulally soon for a decision on his future, as speculation intensifies that he may be offered the job of CEO at Microsoft Corp.
Mulally, 68, is one of a handful of candidates still in contention for the Microsoft role, according to several sources close to the technology giant, and he has not tried to dispel talk that he is interested in the job.
/SHANGHAI, Dec 5 (Reuters) – Ford Motor Co
unveiled its 50th anniversary Mustang sports car in its
first global launch on Thursday, with a sleek redesign aimed at
enhancing the brand’s status outside the United States.
The second-largest U.S. automaker is betting that upscale
touches will appeal to buyers in Europe and Asia, where the pony
car will be sold for the first time in 2015. The new model
features the trapezoid front grille that Ford has used to lend a
more premium look its other global models.
DETROIT (Reuters) – Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker’s image and spur sales of its more expensive models.
Top Ford executives, including Chief Executive Alan Mulally, will fan out across six cities to take the wraps off the 2015 Mustang on Thursday. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.
DETROIT (Reuters) – Aggressive discounting and the continued popularity of big pickup trucks helped propel November vehicle sales well past expectations, with the three Detroit automakers and two of Japan’s top three reporting year-to-year increases on Tuesday.
The industry’s torrid sales pace in November reached an annual rate of 16 million vehicles, according to General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz). That was the second highest for the year and well above last month’s annual rate of 15.2 million.
DETROIT, Dec 3 (Reuters) – Aggressive discounting and the
continued popularity of big pickup trucks helped propel November
vehicle sales well past expectations, with the three Detroit
automakers and two of Japan’s top three reporting year-to-year
increases on Tuesday.
The industry’s torrid sales pace in November reached an
annual rate of 16 million vehicles, according to General Motors
Co. That was the second highest for the year and well
above last month’s annual rate of 15.2 million.
(Reuters) – Chrysler Group LLC, the No. 3 U.S. automaker, has abandoned plans for an initial public offering this year so it can sort out a U.S. tax issue, according to two sources familiar with the process.
An IPO is not likely until 2014, one of the people said, adding that underwriters were notified of the decision late last week. Fiat said Monday that it would “not be practicable” to complete a Chrysler IPO this year.
DETROIT (Reuters) – Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars, agreed to sell itself to an investor group on Friday and filed for Chapter 11 bankruptcy protection.
The investor group, Hybrid Technology LLC, took control of the car company after paying $25 million for a U.S. Department of Energy green technology loan to Fisker worth $168 million, said a spokesman for Representative Marsha Blackburn, vice chair of the U.S. House of Representatives Energy and Commerce Committee.
DETROIT (Reuters) – George Blankenship, the lead architect of Tesla Motors Inc’s (TSLA.O: Quote, Profile, Research, Stock Buzz) sales strategy and distribution network for more than three years, left the electric car maker last month, according to his LinkedIn page.
The exit comes at a sensitive time for Chief Executive Elon Musk, who is facing a federal safety investigation into the Model S electric sedan after three cars caught fire in less than two months.
DETROIT, Nov 20 (Reuters) – U.S. regulators on Wednesday
blocked automakers from promoting vehicle safety ratings of more
than 5 stars, three months after Tesla Motors Inc
touted an outsized score on its Model S electric car in a press
The announcement adds to simmering tensions between the
National Highway Traffic Safety Administration and Tesla, now
grappling with bad publicity and a federal probe after a series
of car fires raised questions about the safety of the Model S.
DETROIT (Reuters) – Three people were injured at Tesla Motors Inc’s factory in California on Wednesday after a low-pressure aluminum casting press failed, the company said in a statement.
Local fire officials said there was no fire at the company’s Fremont, California factory, describing the incident as an “industrial accident.”