Ford Posts

Ford Motor Company (F) announces new Edge SUV for over 100 markets

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Ford Motor Company (NYSE:F) has launched a redesigned version of the Edge mid-sized SUV, which will be sold in over 100 markets worldwide. The new Edge SUV has a new look and improved technology to increase fuel economy, safety, and keeps drivers connected.

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University Of Michigan is designing a fake open city for testing self-driving cars

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The University of Michigan is launching a Mobility Transformation Facility this fall to test automated and wirelessly connected vehicles. The 32-acre facility will give researchers access to roadways, a four-lane highway, city streets with road signs, and street lights.
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Ford Motor Company (F) is going to license its patented inflatable safety belt technology

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Ford Motor Company (NYSE:F) announced that it is offering its patented inflatable safety belt technology to several other companies and industries, including competing auto manufacturers. The license availability may lead to a wider adoption of inflatable safety belts as other auto companies are looking for ways to enhance passenger safety.
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Tesla Motors Inc (TSLA) CEO to stay for at least another 4-5 years

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Today Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk participated in a Q&A session at the annual shareholder meeting in Mountain View, California. Tesla’s stock surged throughout 2013, but has dropped around 20%.

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Ford Motor Company (F) is recalling 1.4 million vehicles

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Ford Motor Company (NYSE:F) is recalling around 1.4 million vehicles due to steering issues. This recall affects 915,000 Ford Escapes and Mercury Mariners with the model years 2008 through 2011. It also affects around 196,000 Ford Explorers from 2011 through 2013. The vehicles reportedly have faulty sensors and electrical connections that could cause the vehicles to lose power steering. The fix will involve replacing a part or a software upgrade.

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Ford Motor Company (F) to buy back $1.8 billion in stock

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Ford Motor Company (NYSE:F) said it will be buying back up to 116 million shares of company stock worth around $1.8 billion. Ford said the buybacks will help offset potential dilution from convertible debt and stock-based compensation for employees. This can increase the number of shares on the market and weigh on per-share earnings. Ford can help boost its earnings per share by buying back the shares.

Ford Motor Company (F) hits 500,000 Ecoboost-equipped F-150 sales

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Ford Motor Company (NYSE:F) has announced that it has surpassed sales of 500,000 F-150 trucks equipped with the 3.5-liter V6 EcoBoost engine. This engine was introduced three years ago and is now included in around 45% of all F-150 sales. The F-150s are produced at Ford’s Kansas City Assembly Plant in Claycomo. The F-150 has been the best selling truck in America over the last 37 years.
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Ford Motor Company (F) officially announcing Mark Fields as CEO

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At a press event, Ford Motor Company (NYSE:F) has officially named Mark Fields as CEO of the company, succeeding Alan Mulally. Fields will have some big shoes to fill because Mulally guided the auto giant through very turbulent times. Ford scheduled a 9AM news conference at its headquarters in Dearborn, Michigan to make the formal announcement. Fields will become CEO after working across several positions at Ford over the last 25 years.
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