Average fuel economy of Ford's vehicle lineup will improve approximately 20 percent through the end of 2010 versus 2005, and the company is on track to improve fuel economy by more than 35 percent by 2015
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o Ford announces a new 2.0-liter, 4-cylinder EcoBoost engine to go on sale next year
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o For the first time, Ford's customer satisfaction equals Toyota, according to a just-released study by the RDA Group
o Also for the first time, Ford has the fewest number of "things gone wrong" in the industry - with initial quality statistically equal to Toyota and better than Honda
What's new this year from Polish automobile manufacturers? :smug
What's new this year from Polish automobile manufacturers? :smug
They're finally moving away from square wheels.
Ford says it is posting a second quarter post-tax operating loss of $424million, excluding special items, ($638 million post-tax) but the automaker says it is on track to be profitable by 2011. That compares favorably with last year’s $1.4 million loss during the same period despite dramatically reduced industry-wide sales.
Ford says it gained market share in all of its regions and that it posted a net profit of $2.3 billion due to debt-reduction actions. The automaker also burned through less of its cash reserves – $1 billion in the second quarter compared to $3.7 billion in the first quarter and $7.2 billion in the last quarter of 2008.
Total revenue dropped 29 percent to $27.2 billion. Ford says it has about $21 billion in reserves, down a bit from the $21.3 billion it had at the end of the first quarter. Analysts say that Ford needs about $10 billion to operate.