Ford to Invest $4.9 Billion to Revamp its Chinese Operations, Lincoln not Part of the Plan for Now
Cars

Ford to Invest $4.9 Billion to Revamp its Chinese Operations, Lincoln not Part of the Plan for Now



Being the number two automotive group in the US, and the fifth largest worldwide behind Hyundai, is no mean feat for Ford. Having an almost non-existent 2 percent share in the world’s largest car market, however, is.

Last year’s Thai floods resulted in a US$92 million loss for Ford's Asian operations in 2011. Adding insult to injury, Ford also reported a US$95 million loss in Asia for the first quarter of 2012. To make things worse, during the same period, its sales in China declined by 14 percent while both General Motors and VW gained market share.

Read more »




- Chevy Salesmen Head To Disneyland To Become More Prince Charming When It Comes To Customer Service
Chevrolet is facing a serious problem in California: it is under-performing on the sales front in the country's largest car market. To add insult to injury, it lags behind not only established rivals such as Toyota, Ford and Honda, but also the (relatively)...

- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...

- Ford Posts 'only' $1.4 Billion Net Loss In Q1 2009, Significantly Lower Than Q4 2008
Losing money is never a good thing, but in Ford Motor Company's case, the $1.4 billion first quarter net loss was positive news as it was lower than analysts had anticipated and more importantly, significantly improved over the fourth quarter of 2008...

- Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...

- Gm Posts $15.5 Billion Loss In Q2 2008
General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer...



Cars








.