The Americans from Ford issued a press release announcing that the current year brought U.S. sales of more than 2 million units. This is not the first time when the company manages to sell more than 2 million vehicles in the home market as Ford achieved this goal four years ago, in 2007. Erich Merkle, Ford’s sales analysis manager commented:...
Recently Ford has had some issues with their stock pricing due to investor concern about slow sales within the automotive industry and uncertainty over how the company will pay the UAW’s health care trust fund. The news that came from Dearborn today will most likely calm spirits and even make some brokers jump for joy as Ford will be repaying...
Tesla Motors, the exclusive will start trading today on the NASDAQ Stock Market under the ticker of TSLA has already sold its shares and with quite a bit of a result. The company has already raised $226 million by selling shares above its forecast price range, according to the Securities and Exchange Commission filing. Tesla sold a total of 13.3...
Korean automaker Hyundai has just released details about their new 5.0L Tau V8 engine and there is a very interesting piece of reading on that spec sheet. The Tau 5 liter V8 engine develops no less than 429 horsepower, actually this is yet to be confirmed by facts but this is what spokesmen for Hyundai have announced. This estimate remains...
According to a recent statement by spokesmen from Ford Motor Company we could be expecting that by 2020 up to 25% of the company's global sales to be hybrids, plug-in hybrids, electric vehicles, or any combination of these technologies. Nancy Gioia, Ford’s director of global electrification is the author of this statement but he also mentioned that the figure could...
Recently the media that had been pushing on with the Detroit's Big Three and their issues or successes haven't had much else to say other than the proposal which is under works at Ford deemed to kill of Mercury brand. Today, a report from Ford themselves shows that this isn't serious news as the company had been planing to get...
