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Tag Archives: bill ford
Ford to Return to Le Mans in 2027
“We are entering a new era for performance and racing at Ford. You can see it from what we’re doing on-road and off-road. When we race, we race to win. And there is no track or race that means more to our history than Le Mans. It is where we took on Ferrari and won in the 1960s. It is where we returned 50 years later and shocked the world and beat Ferrari again” said Bill Ford, Ford Motor Company Executive Chair I am thrilled that we’re going back to Le Mans and competing at the highest level of endurance racing. We are ready to once again challenge the world, and ‘go like hell!’” The Ford announcement didn’t mention Carrol Shelby who not only coined the “go like hell” phrase on a pit board message to a driver, but was instrumental in Ford’s first LeMans victory. Carroll Shelby is the only man to have won the 24 Hours of Le Mans race as a driver, team owner and automotive manufacturer.*
Posted in auto news, marketing, milestones, news analysis, people, performance, racing
Tagged auto industry commentary, autoinformed.com, Automobile Club de l’Ouest, automotive blog, Automotive news and analysis, bill ford, Ford WEC LMDh, Frédéric Lequien, Ken Zino, Lewis Hamilton, Martin Brundle, Richard Mille, world endurance cup, X @KenAutoinformed
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Ford – Most Hourly Workers, US-Assembled Vehicles, Exports
“Ford has bet on American workers, including the UAW, more than any other automaker. This commitment combined with great product and innovation, has earned us the loyalty of customers and returned Ford to America’s best-selling brand so far this year. We could make different decisions, as many others have done to reduce costs, but Ford is different. We will find ways to be lean and competitive while investing in our home market,” claimed Jim Farley, Ford president and CEO. This is, of course, a UAW contract negotiation year starting this summer with many recent Ford jobs going to Southern states hostile to unions. Continue reading
Ford Motor BlueOval City – 6000 Jobs go to Tennessee
BlueOval City will make Ford’s second-generation electric truck, code-named Project T3 with the capacity of 500,000 EV trucks a year at full production. Tennessee is a “right to work” (for less?) state, which means workers don’t have to be unionized. Tennessee sent at least $500 million in incentives from its taxpayers to close the deal announced back in September of 2021.
It’s ironic that the state of Michigan today repealed the state’s right to work law – the birthplace and longstanding home of Ford Motor. “Today, we are coming together to restore workers’ rights, protect Michiganders on the job, and grow Michigan’s middle class,” Democratic Governor Gretchen Whitmer said when signing the legislation. Continue reading
Mark Fields Out, Jim Hackett in as Ford Motor CEO
Hackett led Ford Smart Mobility – arguably the future of the industry with ride sharing, electric vehicle, sales of big data and autonomous cars thrown in – since March 2016. Continue reading
Ford Motor Pays CEO Mulally More than $29 Million in 2011
Ford Motor Company paid Alan Mulally, president and CEO, $2,000,000 in salary and $5,460,000 in cash bonus in 2011. Mulally’s total compensation, including the value of long-term stock options, was $29,497,572. Continue reading
Posted in auto news, financial results, people
Tagged alan mulally, auto informed, autoinformed.com, automotive news, bill ford, ford motor, ford proxy, ford results, Ken Zino
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Ford Motor to Demolish Glass House, Build New WHQ
In a letter sent to Ford employees this morning Bill Ford, executive chair, and Jim Farley, president and CEO, said Ford Motor Company (NYSE: F) will demolish its World Headquarters, aka Glass House, and replace it on the newly named Henry Ford II World Center, formerly the Product Development Center or Campus. It is scheduled to open this November. It will be dedicated as Ford World Headquarters. Ford did not name the architect.
“This is more than just a new building; it’s a catalyst for innovation and a physical symbol of our Ford+ transformation. To win in this new era, we must work more closely together than ever before,” Bill Ford and Jim Farley said. “This is more than just a new building; it’s a catalyst for innovation and a physical symbol of our Ford+ transformation. To win in this new era, we must work more closely together than ever before.” Continue reading →