Ford Motor Company has uploaded this photo of their Rouge Plant from the 1960s compared to what the plant looks like today on Instagram. Ford said that when the Rouge Plant first opened, it was used for producing Model-A vehicles. Today the plant is used for building the Ford F-150 vehicles. The assembly line has come a long way since the 1960′s, that is for sure!
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Ford Motor Company has dropped the compensation of CEO Alan Mulally’s 29% last year after they fell short of their profit and cash flow targets. Mulally received around $2 million in salary, $3.95 million in bonus, and $15 million in stock, options, and other compensation.
Ford Motor Company has launched a new car-sharing service in Germany called Ford2Go through a partnership with Flinkster. Ford2Go is Ford’s first car sharing program and it will be available across Germany. Ford2Go allows customers to get cars and services from local dealers.
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Spotify is a music company that is known for their downloadable music software for PCs and Macs. It also has a mobile app that can be accessed for a monthly price. Spotify has partnered with Ford as part of their first deal with a car manufacturer. Spotify will be integrated with Ford’s SYNC AppLink. Other music companies that have partnered with Ford include Rhapsody, MOG, Pandora, and Amazon Music.
Earlier this month, Ford Motor Company showcased the Ford Atlas Concept, which is a pickup truck that hints at what future Ford F150s could look like. “The Ford Atlas Concept previews the innovations that will transform what people expect from their pickup,” stated Ford group vice president of Global Product Development Raj Nair. “With 36 years as America’s best-selling pickup, we are absolutely committed to setting the agenda in the truck market.”
Ford Motor Company announced a Q4 net income of $1.6 billion. This puts Ford at their fourth straight full-year of profit. The company’s hit strong sales in North America, but was dragged down with a $732 million pretax loss in Europe.
Ford Motor Company has an excellent remanufacturing program. Through the program, the Michigan-based auto company kept 120 million pounds of damaged vehicle parts from entering landfills since 2003. The Core Recovery Program covers the remanufacturing and recycling of damaged parts like sensors, engine parts, and headlights from Ford vehicles that are repaired through the dealer network.
Ford Motor Company has sold around 2.2 million cars in 2012 according to a statement from the company this weekend. Even though the company’s sales are going great, the company is still losing market share. This year is the second year in a row that Ford’s sales passed two million, but their sales projection of 2.2 million is still short of the auto industry’s gains this year. Analysts are expecting the industry as a whole to be higher than 13% for 2012.
