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Found 872 results

  1. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters
  2. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters View full article
  3. There's a new police vehicle that you'll need to be on the lookout for as Ford revealed the 2020 Police Interceptor Utility yesterday. Before we get any further, this is our best look at the all-new Explorer, which we'll see next Wednesday. It appears that Ford is keeping the basic profile of the current Explorer, but has made some minor changes such as new grille shape and lower roofline. The Interceptor has some additional exterior treatments such as a push bar and searchlights. For the interior, Ford has fitted heavy-duty cloth upholstery to the front seats, along with anti-stab plates mounted in the backsides. The base engine will be an all-new 3.3L V6 hybrid powertrain that Ford claims a 41 percent improvement in fuel economy over the 3.7L V6 found in the current Utility. Ford also says testing done by the Los Angeles County Sheriff’s Department and Michigan State Police shows the hybrid powertrain to be quicker than the 3.7 V6. Other engines include a non-hybrid 3.3L V6 and 3.0L EcoBoost V6. All engines will come teamed with a 10-speed automatic and all-wheel drive. There is also a number of features exclusive to the Police Interceptor Utility to protect officers, Police Perimeter Alert System: Sensors monitor approximately 270 degrees around the vehicle to alert officers if someone is coming close to the vehicle. It can also secure the vehicle by locking doors and rolling up windows, along with providing a track of the intruder in the instrument cluster. The steel wheel and tire setup has been designed to deal with 8-inch curb impact, a median crossing, and a 30-mph railroad crossing. Ford claims this model has been engineered to withstand a 75-mph rear-impact crash. Optional safety features include automatic emergency braking with pedestrian detection and forward collision warning. The order books for the new Police Interceptor Utility are open now and deliveries will begin in the summer. Gallery: 2020 Ford Police Interceptor Utility Source: Ford All-New Ford Police Interceptor Is The Future Of Pursuit-Rated Police Vehicles Powerful yet efficient new powertrains and custom Ford technologies to help keep officers safe build on Ford’s police vehicle dominance in North America All-new 2020 Police Interceptor Utility, with standard hybrid all-wheel-drive powertrain, will save police agencies and taxpayers as much as $5,700 per vehicle annually in fuel costs* over current Police Interceptor Utility equipped with 3.7-liter gas engine Technologies exclusive to Ford’s all-new Police Interceptor Utility – including Police Perimeter Alert and Ford Telematics™ – help elevate safety and fleet management for law enforcement officials across the country Dearborn, Mich., Jan. 4, 2019 – Already accounting for nearly two-thirds of police vehicle sales in the United States, Ford believes it has found the key to continue winning over the hearts of the law enforcement community – even better-performing vehicles that keep officers safer and save departments, and taxpayers, money. Led by a new hybrid variant of its popular Police Interceptor Utility, Ford’s new lineup of pursuit-rated vehicles aims to build upon its 65 percent of U.S. police vehicle sales in 2017. When the all-new Police Interceptor Utility takes to the streets in 2019, that lineup will include Police Responder Hybrid Sedan, F-150 Police Responder, Expedition SSV, F-150 SSV, Transit PTV and SSV Plug-In Hybrid Sedan. Hybrid technology is ideal for law enforcement – and taxpayers – because of the potential for significant idle-time fuel and cost savings. When police vehicles are stationary, a conventional gasoline engine must run continuously to power emergency lighting, radios, computers and other on-board electrical equipment. The Police Interceptor Hybrid’s powertrain allows the engine to shut off for extended periods, powering the electrical equipment via its lithium-ion hybrid battery, helping achieve significant reductions in fuel usage and CO2 emissions. “Our Police Interceptor Utility’s standard hybrid powertrain provides the potential for significant fuel savings with improved performance and no tradeoffs in safety or interior passenger or cargo space,” said Stephen Tyler, Ford police brand marketing manager. “It’s a win-win-win formula for law enforcement.” The all-new 2020 Police Interceptor Utility hybrid has a projected EPA-estimated rating of 24 mpg combined, a 41 percent improvement over the current Police Interceptor Utility equipped with a 3.7-liter gas engine. Projections indicate the first pursuit-rated hybrid police utility will save between $3,500 and $5,700 per vehicle annually in fuel costs versus the current Police Interceptor Utility*. If those savings were applied to every Police Interceptor Utility sold in 2017, it would equate to between $118 million and $193 million*, or more than 43 million gallons of fuel. In recent testing by Michigan State Police, the all-new Police Interceptor Utility hybrid had the fastest 0-100 mph acceleration, fastest lap, fastest average lap and highest top speed of 137 mph, versus competitive police utility vehicles tested, including V8-powered entries. The only faster entry was its cousin – Ford Police Interceptor Utility powered by a 3.0-liter EcoBoost® engine. And at Los Angeles County Sheriff’s Department testing, the new Police Interceptor Utility hybrid bested the outgoing 3.7-liter model in 0-60 mph by 1.1 seconds and 0-100 mph by 4.7 seconds. It also turned a fastest lap time that was 2.4 seconds better than the 3.7-liter and fastest average lap time that was 1.7 seconds better. As is the case with other Ford hybrids, there is simply no compromise in terms of functionality. The Police Interceptor Utility platform was engineered around its lithium-ion battery, which does not intrude into the cargo area, meaning there are no tradeoffs in passenger volume, cargo volume behind the first row, cargo volume behind the second row or total interior volume – in fact, most of these measurements improve over the current vehicle. Using technology to keep officers safer The all-new Police Interceptor Utility introduces a number of advanced innovations designed for officer safety. Factory-installed Police Perimeter Alert uses sensors to monitor an approximately 270-degree area around the vehicle. It analyzes nearby movement to detect potentially threatening behavior. When such motion is detected, the system automatically turns on the rear camera, sounds a chime, rolls up the windows and locks the doors. Motion trails of the detected threat appear on the digital instrument cluster so officers can monitor. Ford also equips its new Police Interceptor Utility and Police Responder Hybrid Sedan with a Ford modem and two years of complimentary Ford Telematics™ service that enables timely feedback of vehicle usage and location to agency fleet managers. “Officers take care of people in our communities, so we feel it’s important that our vehicles help take care of our officers,” Tyler said. Available driver-assist technology includes Pre-Collision Assist with automatic emergency braking, which features Pedestrian Detection and forward collision warning. A unique disable switch for law enforcement allows officers to temporarily override the system to perform precision immobilization technique maneuvers when necessary. Additional optional equipment includes Rear Camera On-Demand, which allows officers to view behind the vehicle at the touch of a button, and a host of factory-installed and factory-sealed wiring and lighting packages that offer agencies turnkey solutions. Purpose-built features include heavy-duty cloth front seats with reduced bolsters for comfort and easy entry and exit for officers. Vinyl rear seats and vinyl flooring enable easy cleanup. Anti-stab plates in the rear of the front seat backs help protect officers from potential threats. Three powertrain options for the all-new Police Interceptor Utility include a standard 3.3-liter hybrid, plus available 3.0-liter EcoBoost® and 3.3-liter V6 engines. All are powered by a new 10-speed automatic transmission and feature standard full-time Intelligent All-Wheel Drive and deep snow/sand traction control mode. Ford Police Interceptors remain the only vehicles in the world engineered to meet Ford’s stringent 75-mph rear-impact crash standard. The federal standard for such testing is 50 mph. Additionally, safety cell construction directs collision force around the occupant compartment, and features advanced ultra-high-strength boron steel, crumple zones that absorb and dissipate crash energy, and SPACE architecture that provides structural reinforcement and side-impact protection. Police Interceptor Utility is tested for enhanced police durability, including improved cooling, specially tuned braking system, front-door tethers, and police-purposed steel wheels, tires and hubcaps that are designed to withstand the rigors of a chase. The vehicle is also tested for eight-inch curb impact, median crossing and 30-mph railroad crossing validation, and water fording to 18 inches at 15 mph and 10 inches at 40 mph. “Whether patrolling or sitting idle, the all-new Police Interceptor Utility will change the way officers work,” said Bill Gubing, chief engineer for Police Interceptor Utility and Ford Explorer. “Everything about it was designed for keeping police officers safe, comfortable and ready for action.” Other standard equipment includes Bluetooth™ pass-through commands to mobile devices, to help officers keep their eyes on the road and hands on the wheel, low- and high-beam LED headlamps, four user-configurable steering wheel switches, a Class III trailer tow receiver with 5,000-pound capacity and a tilt/telescoping steering wheel.
  4. There's a new police vehicle that you'll need to be on the lookout for as Ford revealed the 2020 Police Interceptor Utility yesterday. Before we get any further, this is our best look at the all-new Explorer, which we'll see next Wednesday. It appears that Ford is keeping the basic profile of the current Explorer, but has made some minor changes such as new grille shape and lower roofline. The Interceptor has some additional exterior treatments such as a push bar and searchlights. For the interior, Ford has fitted heavy-duty cloth upholstery to the front seats, along with anti-stab plates mounted in the backsides. The base engine will be an all-new 3.3L V6 hybrid powertrain that Ford claims a 41 percent improvement in fuel economy over the 3.7L V6 found in the current Utility. Ford also says testing done by the Los Angeles County Sheriff’s Department and Michigan State Police shows the hybrid powertrain to be quicker than the 3.7 V6. Other engines include a non-hybrid 3.3L V6 and 3.0L EcoBoost V6. All engines will come teamed with a 10-speed automatic and all-wheel drive. There is also a number of features exclusive to the Police Interceptor Utility to protect officers, Police Perimeter Alert System: Sensors monitor approximately 270 degrees around the vehicle to alert officers if someone is coming close to the vehicle. It can also secure the vehicle by locking doors and rolling up windows, along with providing a track of the intruder in the instrument cluster. The steel wheel and tire setup has been designed to deal with 8-inch curb impact, a median crossing, and a 30-mph railroad crossing. Ford claims this model has been engineered to withstand a 75-mph rear-impact crash. Optional safety features include automatic emergency braking with pedestrian detection and forward collision warning. The order books for the new Police Interceptor Utility are open now and deliveries will begin in the summer. Gallery: 2020 Ford Police Interceptor Utility Source: Ford All-New Ford Police Interceptor Is The Future Of Pursuit-Rated Police Vehicles Powerful yet efficient new powertrains and custom Ford technologies to help keep officers safe build on Ford’s police vehicle dominance in North America All-new 2020 Police Interceptor Utility, with standard hybrid all-wheel-drive powertrain, will save police agencies and taxpayers as much as $5,700 per vehicle annually in fuel costs* over current Police Interceptor Utility equipped with 3.7-liter gas engine Technologies exclusive to Ford’s all-new Police Interceptor Utility – including Police Perimeter Alert and Ford Telematics™ – help elevate safety and fleet management for law enforcement officials across the country Dearborn, Mich., Jan. 4, 2019 – Already accounting for nearly two-thirds of police vehicle sales in the United States, Ford believes it has found the key to continue winning over the hearts of the law enforcement community – even better-performing vehicles that keep officers safer and save departments, and taxpayers, money. Led by a new hybrid variant of its popular Police Interceptor Utility, Ford’s new lineup of pursuit-rated vehicles aims to build upon its 65 percent of U.S. police vehicle sales in 2017. When the all-new Police Interceptor Utility takes to the streets in 2019, that lineup will include Police Responder Hybrid Sedan, F-150 Police Responder, Expedition SSV, F-150 SSV, Transit PTV and SSV Plug-In Hybrid Sedan. Hybrid technology is ideal for law enforcement – and taxpayers – because of the potential for significant idle-time fuel and cost savings. When police vehicles are stationary, a conventional gasoline engine must run continuously to power emergency lighting, radios, computers and other on-board electrical equipment. The Police Interceptor Hybrid’s powertrain allows the engine to shut off for extended periods, powering the electrical equipment via its lithium-ion hybrid battery, helping achieve significant reductions in fuel usage and CO2 emissions. “Our Police Interceptor Utility’s standard hybrid powertrain provides the potential for significant fuel savings with improved performance and no tradeoffs in safety or interior passenger or cargo space,” said Stephen Tyler, Ford police brand marketing manager. “It’s a win-win-win formula for law enforcement.” The all-new 2020 Police Interceptor Utility hybrid has a projected EPA-estimated rating of 24 mpg combined, a 41 percent improvement over the current Police Interceptor Utility equipped with a 3.7-liter gas engine. Projections indicate the first pursuit-rated hybrid police utility will save between $3,500 and $5,700 per vehicle annually in fuel costs versus the current Police Interceptor Utility*. If those savings were applied to every Police Interceptor Utility sold in 2017, it would equate to between $118 million and $193 million*, or more than 43 million gallons of fuel. In recent testing by Michigan State Police, the all-new Police Interceptor Utility hybrid had the fastest 0-100 mph acceleration, fastest lap, fastest average lap and highest top speed of 137 mph, versus competitive police utility vehicles tested, including V8-powered entries. The only faster entry was its cousin – Ford Police Interceptor Utility powered by a 3.0-liter EcoBoost® engine. And at Los Angeles County Sheriff’s Department testing, the new Police Interceptor Utility hybrid bested the outgoing 3.7-liter model in 0-60 mph by 1.1 seconds and 0-100 mph by 4.7 seconds. It also turned a fastest lap time that was 2.4 seconds better than the 3.7-liter and fastest average lap time that was 1.7 seconds better. As is the case with other Ford hybrids, there is simply no compromise in terms of functionality. The Police Interceptor Utility platform was engineered around its lithium-ion battery, which does not intrude into the cargo area, meaning there are no tradeoffs in passenger volume, cargo volume behind the first row, cargo volume behind the second row or total interior volume – in fact, most of these measurements improve over the current vehicle. Using technology to keep officers safer The all-new Police Interceptor Utility introduces a number of advanced innovations designed for officer safety. Factory-installed Police Perimeter Alert uses sensors to monitor an approximately 270-degree area around the vehicle. It analyzes nearby movement to detect potentially threatening behavior. When such motion is detected, the system automatically turns on the rear camera, sounds a chime, rolls up the windows and locks the doors. Motion trails of the detected threat appear on the digital instrument cluster so officers can monitor. Ford also equips its new Police Interceptor Utility and Police Responder Hybrid Sedan with a Ford modem and two years of complimentary Ford Telematics™ service that enables timely feedback of vehicle usage and location to agency fleet managers. “Officers take care of people in our communities, so we feel it’s important that our vehicles help take care of our officers,” Tyler said. Available driver-assist technology includes Pre-Collision Assist with automatic emergency braking, which features Pedestrian Detection and forward collision warning. A unique disable switch for law enforcement allows officers to temporarily override the system to perform precision immobilization technique maneuvers when necessary. Additional optional equipment includes Rear Camera On-Demand, which allows officers to view behind the vehicle at the touch of a button, and a host of factory-installed and factory-sealed wiring and lighting packages that offer agencies turnkey solutions. Purpose-built features include heavy-duty cloth front seats with reduced bolsters for comfort and easy entry and exit for officers. Vinyl rear seats and vinyl flooring enable easy cleanup. Anti-stab plates in the rear of the front seat backs help protect officers from potential threats. Three powertrain options for the all-new Police Interceptor Utility include a standard 3.3-liter hybrid, plus available 3.0-liter EcoBoost® and 3.3-liter V6 engines. All are powered by a new 10-speed automatic transmission and feature standard full-time Intelligent All-Wheel Drive and deep snow/sand traction control mode. Ford Police Interceptors remain the only vehicles in the world engineered to meet Ford’s stringent 75-mph rear-impact crash standard. The federal standard for such testing is 50 mph. Additionally, safety cell construction directs collision force around the occupant compartment, and features advanced ultra-high-strength boron steel, crumple zones that absorb and dissipate crash energy, and SPACE architecture that provides structural reinforcement and side-impact protection. Police Interceptor Utility is tested for enhanced police durability, including improved cooling, specially tuned braking system, front-door tethers, and police-purposed steel wheels, tires and hubcaps that are designed to withstand the rigors of a chase. The vehicle is also tested for eight-inch curb impact, median crossing and 30-mph railroad crossing validation, and water fording to 18 inches at 15 mph and 10 inches at 40 mph. “Whether patrolling or sitting idle, the all-new Police Interceptor Utility will change the way officers work,” said Bill Gubing, chief engineer for Police Interceptor Utility and Ford Explorer. “Everything about it was designed for keeping police officers safe, comfortable and ready for action.” Other standard equipment includes Bluetooth™ pass-through commands to mobile devices, to help officers keep their eyes on the road and hands on the wheel, low- and high-beam LED headlamps, four user-configurable steering wheel switches, a Class III trailer tow receiver with 5,000-pound capacity and a tilt/telescoping steering wheel. View full article
  5. Ford will soon be joining General Motors in reporting sales every quarter. Automotive News is reporting that Ford will transition to a quarterly call and release of sales numbers beginning in April. The company will still be proving monthly sales numbers to various data agencies. "We feel it's kind of transitioning to more of an industry standard. We think the intense focus on month-to-month numbers is just not how we want to run the business. We believe quarterly will provide great transparency," said Mark LaNeve, Ford's vice president of U.S. marketing, sales and service during a call with analysts and the media. Various analysts have cautioned that moving to quarterly reporting may lead "less transparency and more speculation and errors," especially if some automakers still report monthly. Source: Automotive News (Subscription Required)
  6. Ford will soon be joining General Motors in reporting sales every quarter. Automotive News is reporting that Ford will transition to a quarterly call and release of sales numbers beginning in April. The company will still be proving monthly sales numbers to various data agencies. "We feel it's kind of transitioning to more of an industry standard. We think the intense focus on month-to-month numbers is just not how we want to run the business. We believe quarterly will provide great transparency," said Mark LaNeve, Ford's vice president of U.S. marketing, sales and service during a call with analysts and the media. Various analysts have cautioned that moving to quarterly reporting may lead "less transparency and more speculation and errors," especially if some automakers still report monthly. Source: Automotive News (Subscription Required) View full article
  7. Off-Road.com has obtained a product timeline that reveals Ford's launches for the upcoming year and the big news is that a new F-150 appears to be around the corner. The timeline reveals that the next-generation Ford Explorer will be launched first, most likely at Detroit. We have reported that the new model would be using a new modular rear-wheel drive platform. Next up is the new F-150. We don't know what Ford has in store aside from a hybrid powertrain. But considering both General Motors and Ram introducing redesigned trucks this year, we're expecting Ford to fight back hard. Last, but not least is the Bronco. Off-Road speculates this model will appear in 2020 as a 2021 model year vehicle. Source: Off-Road.com
  8. Off-Road.com has obtained a product timeline that reveals Ford's launches for the upcoming year and the big news is that a new F-150 appears to be around the corner. The timeline reveals that the next-generation Ford Explorer will be launched first, most likely at Detroit. We have reported that the new model would be using a new modular rear-wheel drive platform. Next up is the new F-150. We don't know what Ford has in store aside from a hybrid powertrain. But considering both General Motors and Ram introducing redesigned trucks this year, we're expecting Ford to fight back hard. Last, but not least is the Bronco. Off-Road speculates this model will appear in 2020 as a 2021 model year vehicle. Source: Off-Road.com View full article
  9. When the Ford Ranger returns to the US market in a few weeks, the EPA window sticker will be a primary strong selling point. The EPA estimates for the Ranger have been announced and it beats any other gasoline powered pickup on the market. The two-wheel drive Ranger will have a 21mpg city / 26 highway / 23 combined rating. That combined rating ties the combined rating of the diesel-powered Chevy Colorado. The 4wd model gets a 20 city / 24 highway / 22 combined rating of which the city and combined rating are the highest in the class. The Ranger starts around $25,395 and offers only one engine, a 2.3 liter 4-cylinder, that will tow and haul more than the V6 offerings from Nissan, Toyota, and Ford. The U.S. mid-size truck market is heating up with Ranger as just the newest entry in the mix. The 2020 Jeep Gladiator will be arriving next year but has not yet been rated by the EPA.
  10. When the Ford Ranger returns to the US market in a few weeks, the EPA window sticker will be a primary strong selling point. The EPA estimates for the Ranger have been announced and it beats any other gasoline powered pickup on the market. The two-wheel drive Ranger will have a 21mpg city / 26 highway / 23 combined rating. That combined rating ties the combined rating of the diesel-powered Chevy Colorado. The 4wd model gets a 20 city / 24 highway / 22 combined rating of which the city and combined rating are the highest in the class. The Ranger starts around $25,395 and offers only one engine, a 2.3 liter 4-cylinder, that will tow and haul more than the V6 offerings from Nissan, Toyota, and Ford. The U.S. mid-size truck market is heating up with Ranger as just the newest entry in the mix. The 2020 Jeep Gladiator will be arriving next year but has not yet been rated by the EPA. View full article
  11. The holidays are proving to be a tough time for those who work in the automotive industry. Last week, General Motors announced that it would be cutting more than 10,000 jobs and removing products from five plants beginning next year. This could pale into comparison with what could happen with Ford. Earlier this week, Morgan Stanley analyst Adam Jonas sent out a note to investors saying that Ford's $11 billion restructuring effort could see 25,000 jobs being cut. “We estimate a large portion of Ford’s restructuring actions will be focused on Ford Europe, a business we currently value at negative $7 billion. But we also expect a significant restructuring effort in North America, involving significant numbers of both salaried and hourly UAW and CAW workers,” Jonas wrote. Ford's 70,000 salaried employees have been told that job cuts are coming, but an official figure hasn't been revealed. “These actions will come largely outside of North America. All of this work is ongoing and publishing a job-reduction figure at this point would be pure speculation,” said Ford spokeswoman Karen Hampton to Bloomberg. But Ford CEO Jim Hackett has made things slightly worse. Yesterday, Hackett told reporters "Ford didn’t provide numbers to Morgan Stanley analyst Adam Jonas." Basically a non-denial denial. The company is planning an interim announcement about its workforce later this week. Source: Bloomberg, 2
  12. The holidays are proving to be a tough time for those who work in the automotive industry. Last week, General Motors announced that it would be cutting more than 10,000 jobs and removing products from five plants beginning next year. This could pale into comparison with what could happen with Ford. Earlier this week, Morgan Stanley analyst Adam Jonas sent out a note to investors saying that Ford's $11 billion restructuring effort could see 25,000 jobs being cut. “We estimate a large portion of Ford’s restructuring actions will be focused on Ford Europe, a business we currently value at negative $7 billion. But we also expect a significant restructuring effort in North America, involving significant numbers of both salaried and hourly UAW and CAW workers,” Jonas wrote. Ford's 70,000 salaried employees have been told that job cuts are coming, but an official figure hasn't been revealed. “These actions will come largely outside of North America. All of this work is ongoing and publishing a job-reduction figure at this point would be pure speculation,” said Ford spokeswoman Karen Hampton to Bloomberg. But Ford CEO Jim Hackett has made things slightly worse. Yesterday, Hackett told reporters "Ford didn’t provide numbers to Morgan Stanley analyst Adam Jonas." Basically a non-denial denial. The company is planning an interim announcement about its workforce later this week. Source: Bloomberg, 2 View full article
  13. Back in June, Ford and Volkswagen signed a Memorandum of Understanding for a new alliance that would focus on commercial vehicles. Since then, the two companies have been in discussions about it and there have been various rumors flying about. Yesterday, Volkswagen CEO Herbert Diess added some more fuel to the fire. Speaking to reporters outside of the White House, Diess revealed that the German automaker is interested in using Ford's plants in the U.S. to build vehicles. "We might use Ford capacity here in the U.S. to build cars for us," said Diess. “We need additional capacity here in the United States, we need an additional car plant for VW and Audi combined.” The company is in "quite advanced negotiations in Tennessee" about a new plant in the state - Volkswagen operates one in Chattanooga for the Passat and Atlas. But Diess did say "there might be other options as well," most likely talking about using some of Ford's plants in the U.S. For now, this is an idea being floating out there. The two are continuing their talks about what this alliance will look like. Diess said more details would come out in January. Source: Automotive News (Subscription Required)
  14. Back in June, Ford and Volkswagen signed a Memorandum of Understanding for a new alliance that would focus on commercial vehicles. Since then, the two companies have been in discussions about it and there have been various rumors flying about. Yesterday, Volkswagen CEO Herbert Diess added some more fuel to the fire. Speaking to reporters outside of the White House, Diess revealed that the German automaker is interested in using Ford's plants in the U.S. to build vehicles. "We might use Ford capacity here in the U.S. to build cars for us," said Diess. “We need additional capacity here in the United States, we need an additional car plant for VW and Audi combined.” The company is in "quite advanced negotiations in Tennessee" about a new plant in the state - Volkswagen operates one in Chattanooga for the Passat and Atlas. But Diess did say "there might be other options as well," most likely talking about using some of Ford's plants in the U.S. For now, this is an idea being floating out there. The two are continuing their talks about what this alliance will look like. Diess said more details would come out in January. Source: Automotive News (Subscription Required) View full article
  15. Yesterday, Ford released the first teaser shot of their upcoming electric crossover with a Mustang-inspired design. The picture shows a dark silhouette of the vehicle with the iconic three-bar taillights of the Mustang. It appears that the roofline is sharply raked, something akin to a BMW X4/X6. Ford is promising a 300 mile range when the model is introduced in 2020. As we reported last month, the crossover will not be wearing the Mach 1 nameplate. One interesting tidbit about the upcoming electric crossover. Forbes reports that the original version of the electric crossover was scrapped after CEO Jim Hackett thought it looked to generic. The Mustang-inspired design took about six weeks to finish. Source: Ford, Forbes
  16. Yesterday, Ford released the first teaser shot of their upcoming electric crossover with a Mustang-inspired design. The picture shows a dark silhouette of the vehicle with the iconic three-bar taillights of the Mustang. It appears that the roofline is sharply raked, something akin to a BMW X4/X6. Ford is promising a 300 mile range when the model is introduced in 2020. As we reported last month, the crossover will not be wearing the Mach 1 nameplate. One interesting tidbit about the upcoming electric crossover. Forbes reports that the original version of the electric crossover was scrapped after CEO Jim Hackett thought it looked to generic. The Mustang-inspired design took about six weeks to finish. Source: Ford, Forbes View full article
  17. Ford has been banking on China to help revive sales of Lincoln and made plans to start building models in late 2019. But the on-going trade war between the U.S. and China has caused the company to reconsider their plans. “What we want to do is accelerate that. We will look for opportunities, but it’s a big undertaking and I think it won’t be a significant change in our plans,” said Joy Falotico, head of Lincoln and Ford’s chief marketing officer to Bloomberg. Currently, Lincoln doesn't have any local production in China. Instead, the brand has been importing vehicles from the U.S. which has meant getting hit with a 40 percent tariff by the Chinese government. This has caused sales of Lincoln vehicles to slow to a crawl. Last year, Lincoln sales rose 66 percent in China. But in October, sales are up just 3 percent. Ford is trying to move the timing of Lincoln production to sometime before late 2019. According to Falotico, moving the timing slightly would be a big help. The first model that would be part of this plan is the recently introduced Aviator. Also under consideration is Lincoln plans to export some Chinese-built models to the U.S. Falotico said the brand would likely build the same models in both countries. Source: Bloomberg (Subscription Required)
  18. Ford has been banking on China to help revive sales of Lincoln and made plans to start building models in late 2019. But the on-going trade war between the U.S. and China has caused the company to reconsider their plans. “What we want to do is accelerate that. We will look for opportunities, but it’s a big undertaking and I think it won’t be a significant change in our plans,” said Joy Falotico, head of Lincoln and Ford’s chief marketing officer to Bloomberg. Currently, Lincoln doesn't have any local production in China. Instead, the brand has been importing vehicles from the U.S. which has meant getting hit with a 40 percent tariff by the Chinese government. This has caused sales of Lincoln vehicles to slow to a crawl. Last year, Lincoln sales rose 66 percent in China. But in October, sales are up just 3 percent. Ford is trying to move the timing of Lincoln production to sometime before late 2019. According to Falotico, moving the timing slightly would be a big help. The first model that would be part of this plan is the recently introduced Aviator. Also under consideration is Lincoln plans to export some Chinese-built models to the U.S. Falotico said the brand would likely build the same models in both countries. Source: Bloomberg (Subscription Required) View full article
  19. It seems someone at Ford wasn't paying attention and allowed some photos from their recent dealer conference to appear on a public site. Off-Road.com got their hands on some photos that were "publicly accessible part of a Ford website." The photos are from last month's dealer meeting in Las Vegas. The key picture that everyone is talking about is the one seen above, showing a new SUV's front and side profile, and an angled shot. Off-Road originally reported this was the Bronco, but later reports from Automotive News and Motor Authority say it is the new Baby Bronco. We tend to with the latter as the photos match up with this teaser released by Ford back in March. It certainly is drawing on the DNA from the 1960's Bronco with a square profile and round headlights - LEDs in this case. The Ford name is in block letters and sits between the headlights. As we reported in August, this new Baby Bronco will use the underpinnings of the new Ford Focus. Unsurprisingly, Ford declined to comment on this.
  20. It seems someone at Ford wasn't paying attention and allowed some photos from their recent dealer conference to appear on a public site. Off-Road.com got their hands on some photos that were "publicly accessible part of a Ford website." The photos are from last month's dealer meeting in Las Vegas. The key picture that everyone is talking about is the one seen above, showing a new SUV's front and side profile, and an angled shot. Off-Road originally reported this was the Bronco, but later reports from Automotive News and Motor Authority say it is the new Baby Bronco. We tend to with the latter as the photos match up with this teaser released by Ford back in March. It certainly is drawing on the DNA from the 1960's Bronco with a square profile and round headlights - LEDs in this case. The Ford name is in block letters and sits between the headlights. As we reported in August, this new Baby Bronco will use the underpinnings of the new Ford Focus. Unsurprisingly, Ford declined to comment on this. View full article
  21. Bloomberg Ford Debt Story Ford's $150 Billion plus short and long term debt is now speculative debt according to Moody's Investors Service and S&P Global Ratings, just a step away from the painful Junk Status that would see Ford's borrowing costs jump massively. Ford is one of the top 15 biggest corporate bond issuers in the U.S. currently and is currently at a performance level equal to 2005 when Ford and GM was cut to Junk status. Bob Shanks, Ford's CFO on their earnings call last month says the company is committed to maintaining its investment-grade ratings and does not intend to lose that status again. This is being shown in their aggressive restructuring of the business, rapid adjustment to the current buying trends of the public globally. Yet with all that positive showing, debt investors have shown they are skeptical that Ford can achieve it. The cost of protecting Ford's debt using credit derivatives rose to their highest level not seen since 2012. Moody's is watching month to month and says that they could take the final step of droping from speculative to junk depending on the final two months of this year. Henry Peabody, a portfolio manager at Eaton Vance Corp. in Boston states that Ford's problems come from a multiple-front war that they are not doing well in. It is a combination of fairly weak strategic position, less than ideal strategic decisions over the last number of years, paired with overconfidence in their Trucks and where the current credit cycle is at. Bill Ford says it is great to have recovered their heritage as an investment grade company after hocking everything including the company logo to the banks. In July Ford told the investment community that a 5 year overhaul at a cost of $11 Billion dollars will have the company focus on high margin products that cover trucks, SUVs, and the performance pony car market. Ford will be exiting the sedan business in the US and scaling it back globally based on sales. Yet with this announcement, they have provided scant info on this restructuring plan and already rescheduled an investor meeting originally set for September. Ford is talking with Volkswagen AG which itself is also hurting, Ford saw a 50% decline in Earnings in the 2nd quarter of 2018, followed by a 40% decline in the 3rd quarter. Shares are at their lowest point since 2009. Ford as speculative debt trades at risk premiums higher than Junk status based Fiat Chrysler and strong investment grade GM indicating according to Bloomberg that Ford is a huge credit risk. The only positive is that Ford has $35 billion in cash on hand as of Sept. 30th. Bloomberg's review shows Ford has options still but they are shrinking fast. Those options will stay as long as Ford can keep their cash flow from high trucks sales going. Sadly, interest rates are rising, the trade war is costing them an extra Billion a quarter for steel and the auto business is cyclical with it currently slowing down. Where Ford ends up is anyone's Guess.
  22. Last month, Ford held a meeting with their dealers in Las Vegas to give them an update of where the company is heading and what to expect in the near future. According to a report from the Mustang6g.com forum, Ford shared vague plans for a four-door variant that would feature a turbo V8 and compete against the likes of the Audi A7 and Porsche Panamera. No timeframe was mention as to when this model could debut. Let's try to take this rumor apart. The poster who originally brought this to light appears to have joined the forum earlier in October. This either means this is completely made up or there is some truth to this, considering the poster got this info from two sources. We know Ford is wanting to leverage the Mustang's aura to help with future products. An example is the upcoming electric crossover that will have elements of the Mustang in its design. The model was teased as the Mach 1, though Ford has decided to scrap the name. Whether Ford decides to use elements of the Mustang's design or decide to stretch the model to add to two doors is unclear. Its believed that the next-generation Mustang will move onto modular RWD/AWD platform that will underpin the next-generation Ford Explorer and Lincoln Aviator. But The Truth About Cars has learned from sources will continue with its current platform, possibly in a mild-refreshed form. That seems tough to believe as Ford is in the middle of reducing costs. Keeping the Mustang platform around for two models seems crazy. TTAC seems to have similar feelings and believes that the Mustang and the possible four-door will move to the new platform. What about the turbo V8? Ford currently doesn't have one at the moment and there haven't been any rumors of one being worked on. You might think that it could be the V8 under the upcoming Shelby GT500, but that one is supercharged. Also, how would this new fit into Ford's current plan of slashing their car lineup to make room for more trucks and utilities? We have a lot of questions, but not many answers. Maybe there is some truth in here, or it is just some smoke in the wind. We'll keep you updated. Source: Mustang6g.com, Car and Driver, The Truth About Cars
  23. Last month, Ford held a meeting with their dealers in Las Vegas to give them an update of where the company is heading and what to expect in the near future. According to a report from the Mustang6g.com forum, Ford shared vague plans for a four-door variant that would feature a turbo V8 and compete against the likes of the Audi A7 and Porsche Panamera. No timeframe was mention as to when this model could debut. Let's try to take this rumor apart. The poster who originally brought this to light appears to have joined the forum earlier in October. This either means this is completely made up or there is some truth to this, considering the poster got this info from two sources. We know Ford is wanting to leverage the Mustang's aura to help with future products. An example is the upcoming electric crossover that will have elements of the Mustang in its design. The model was teased as the Mach 1, though Ford has decided to scrap the name. Whether Ford decides to use elements of the Mustang's design or decide to stretch the model to add to two doors is unclear. Its believed that the next-generation Mustang will move onto modular RWD/AWD platform that will underpin the next-generation Ford Explorer and Lincoln Aviator. But The Truth About Cars has learned from sources will continue with its current platform, possibly in a mild-refreshed form. That seems tough to believe as Ford is in the middle of reducing costs. Keeping the Mustang platform around for two models seems crazy. TTAC seems to have similar feelings and believes that the Mustang and the possible four-door will move to the new platform. What about the turbo V8? Ford currently doesn't have one at the moment and there haven't been any rumors of one being worked on. You might think that it could be the V8 under the upcoming Shelby GT500, but that one is supercharged. Also, how would this new fit into Ford's current plan of slashing their car lineup to make room for more trucks and utilities? We have a lot of questions, but not many answers. Maybe there is some truth in here, or it is just some smoke in the wind. We'll keep you updated. Source: Mustang6g.com, Car and Driver, The Truth About Cars View full article
  24. Since Volkswagen and Ford announced a new partnership back in the summer, there have been rumors flying around if it could expand into other areas. The two said it would primarily focus commercial vehicles, but they were open to other opportunities. As we reported last week, the two are discussing the possibility of expanding into autonomous tech and electric vehicles. Recently, Volkswagen Group CEO Herbert Diess gave an interview to Automotive News. He reiterated that the focus of the partnership is for commercial vehicles, but could expand. “There’s nothing signed yet with Ford. We are in talks. Most of the talks have been centered around our light-duty vehicles — our small commercial vehicles business in Europe, where we found huge synergies. We are both relatively small in size against our peers, so what we’re talking about is sharing a few platforms and manufacturing sites there, which makes sense. And within the dialogue, we are also touching other options, but this will be the main focus if we come to a conclusion,” said Diess. One example Diess brought up is using the Ford Ranger as a replacement for the Volkswagen Amarok. The current truck has been on sale since 2010 with a range of diesel engines to compete against the likes of the Ranger, Toyota HiLux, and Nissan Navara. Developing a new model would cost a fair amount of cash that Volkswagen would like to use elsewhere. This is where Ford could in and allow Volkswagen to use the Ranger as a basis for a next-generation Amarok. This may allow Volkswagen to sell the Amarok in the U.S. Of course, there is also the Atlas Tanoak concept shown at the New York Auto Show earlier this year that Volkswagen is considering sending into production. “If the Ford relationship works out well, we would have an Amarok successor, which would be then appropriate for sales worldwide — potentially as well for the United States. The other option is a unibody pickup, which is something for America, which is probably still a bit risky,” said Diess. This is one of many decision that Volkswagen might make in the near future. Another is allowing Ford to use their MEB toolkit for electric vehicles. Source: Automotive News (Subscription Required)
  25. Since Volkswagen and Ford announced a new partnership back in the summer, there have been rumors flying around if it could expand into other areas. The two said it would primarily focus commercial vehicles, but they were open to other opportunities. As we reported last week, the two are discussing the possibility of expanding into autonomous tech and electric vehicles. Recently, Volkswagen Group CEO Herbert Diess gave an interview to Automotive News. He reiterated that the focus of the partnership is for commercial vehicles, but could expand. “There’s nothing signed yet with Ford. We are in talks. Most of the talks have been centered around our light-duty vehicles — our small commercial vehicles business in Europe, where we found huge synergies. We are both relatively small in size against our peers, so what we’re talking about is sharing a few platforms and manufacturing sites there, which makes sense. And within the dialogue, we are also touching other options, but this will be the main focus if we come to a conclusion,” said Diess. One example Diess brought up is using the Ford Ranger as a replacement for the Volkswagen Amarok. The current truck has been on sale since 2010 with a range of diesel engines to compete against the likes of the Ranger, Toyota HiLux, and Nissan Navara. Developing a new model would cost a fair amount of cash that Volkswagen would like to use elsewhere. This is where Ford could in and allow Volkswagen to use the Ranger as a basis for a next-generation Amarok. This may allow Volkswagen to sell the Amarok in the U.S. Of course, there is also the Atlas Tanoak concept shown at the New York Auto Show earlier this year that Volkswagen is considering sending into production. “If the Ford relationship works out well, we would have an Amarok successor, which would be then appropriate for sales worldwide — potentially as well for the United States. The other option is a unibody pickup, which is something for America, which is probably still a bit risky,” said Diess. This is one of many decision that Volkswagen might make in the near future. Another is allowing Ford to use their MEB toolkit for electric vehicles. Source: Automotive News (Subscription Required) View full article

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