Ford to cut 1,100 CAW jobs Autoblog - Sep 13 1:04 PM
Two days ago, we heard that Ford wanted a reduction in CAW jobs , and it appears that they got their way. Ford will cut 1,100 jobs in Canada - nearly 10% of their union workforce - over the next three years, with the majority of those coming from their Windsor engine and casting operations. Fords minivan and full-size car plants, rumored for closure, will stay open for the duration of the
Ford sheds Hertz rental car business Sydney Morning Herald - Sep 12 2:08 PM
Ford Motor Company will receive $US5.6 billion ($A7.4 billion) for its Hertz Corporation rental car business, the automaker said.
Ford clinches 15 billion dollar deal for rental unit Hertz AFP via Yahoo! News - Sep 12 3:30 PM
Ford Motor Co. clinched a deal to sell its car rental unit Hertz to a private investor group in a deal valued at 15 billion dollars, including debt, the auto giant and the buyers said.
Ford May Close Factories to Stem Losses in N. America (Update2) Bloomberg.com - Sep 14 4:11 AM
U.S. Sept. 14 (Bloomberg) -- Ford Motor Co., the world's No. 3 automaker, may close more plants as a 2002 plan to cut costs failed to stem losses in North America, Ford President James Padilla said.
Ford Says Jaguar Is Showing Improvement Norwalk Advocate - Sep 14 8:45 AM
FRANKFURT, Germany -- Jaguar Cars Ltd. is showing improvement, a Ford Europe executive said Wednesday, but wouldn't give a target date for the unit to return to profitability.
European Aug. Car Sales Rise 7.5% on Volkswagen, BMW (Update6) Bloomberg.com - Sep 14 9:32 AM
Sept. 14 (Bloomberg) -- European new car sales in August rose 7.5 percent, the biggest jump in nine months, as automakers Volkswagen AG, Bayerische Motoren Werke AG and Toyota Motor Corp. won buyers with revamped models.
Ford sells Hertz in $5.6bn deal BBC News - Sep 13 12:09 AM
Ford Motor Company agrees to sell car hire firm Hertz to a private investor group for $5.6bn.
Ford Motor Sells Hertz For Us$15 BLN Asia Pulse via Yahoo! Australia & NZ News - Sep 14 12:50 AM
(Full text of statement. Contact details below.) NEW YORK, Sept. 12 /PRNewswire-AsiaNet/ -- New Owners See Significant Growth Opportunities Clayton, Dubilier & Rice, Inc. (CD&R), The Carlyle Group (Carlyle) and Merrill Lynch Global Private Equity (MLGPE), announced today that they have reached a definitive agreement with Ford Motor Company (NYSE: F) to acquire The Hertz Corporation (Hertz), the
Ford May Close Factories to Stem Losses in N. America (Update2) Bloomberg.com - Sep 14 3:58 AM
Sept. 14 (Bloomberg) -- Ford Motor Co., the world's No. 3 automaker, may close more plants as a 2002 plan to cut costs failed to stem losses in North America, Ford President James Padilla said.
Ford sheds Hertz rental car business AAP via Yahoo! Australia & NZ News - Sep 12 1:55 PM
Ford Motor Company will receive $$A7.4 billion for its Hertz Corporation rental car business, the automaker said.