FoMoCo’s CEO Alan Mulally and Executive Chairman Bill Ford Jr., are going to be partying hard this coming weekend. According to its filing with the Securities and Exchange Commission on Monday, Mulally was awarded stock worth $56.5 million before taxes, while Bill Ford got stock worth $42.4 million. Of course, Mulally’s compensation is well worth it [...]
Tesla Motors took some time out and wrote a post on its blog to provide more details on the upcoming Model S electric sedan. Tesla said that the first Alpha prototype testing is in full swing. The first Alpha Tesla Model S hit the road in Dec. 2010. “Final assembly of the production-intent Beta vehicles [...]
The new Ford Fiesta-based B-MAX Concept, which made its debut at the 2011 Geneva Motor Show last week, will not be coming to the United States. Why? Well, Ford already sells two versions of the Fiesta in the U.S. including the five-door hatch and the four-door sedan. The fear is that the B-MAX would hurt [...]
The Ram Truck Brand today unveiled its new 2012 Ram Cargo Van, which is Dodge Grand Caravan with a rear quarter window and backlight privacy panels in place of clear glass windows. “We see growth in the Class 1 light commercial vehicle market,” said Fred Diaz, President and CEO – Ram Truck Brand and Lead Executive [...]
The Mini Rocketman Concept is probably one of the most important concepts by the brand in a while – but will it enter production? BMW’s sales and marketing boss Ian Robertson has given an indication that the Rocketman could be built and said that the model also provides hints at future Mini designs. “We are good [...]
Fisker Automotive has some really big goals – so big that it hopes to sell “at least 7,000 units” of its first model, the $95,900 (before federal incentives) Karma plug-in hybrid sports sedan, according to Chief Operating Officer Bernhard Koehler. “In 2012 we plan to sell 15,000 units of the Karma,” Koehler told Automotive News [...]
The Audi A3 Concept was one of the many head-turners at the 2011 Geneva Motor Show. Well, we have some good news for you – a production version of the Audi A3 Concept sedan will be sold in the United States. As for the bad news, U.S. prospects for the Q3 compact crossover are uncertain. [...]
FoMoCo President and CEO Alan Mulally has been at the reigns for almost five years now, and much if what he set out to do has been achieved. His employment contract however, does not set out a finite term of service, and this leaves investors with questions about Ford’s plan for his successor, when the [...]
Eyes all over the industry are set on GM right now, as it enjoys a sharp sales surge in the wake if heavy incentives and deals. While GM defends its level of incentives and says that they are not much higher than those of the industry at large. There is a danger, analysts warn, in [...]
Transportation Secretary Ray LaHood said today that he won’t be calling for restrictions on hands-free systems, such as Ford’s SYNC, until there is further government research. The NHTSA is currently investigating whether such systems pose a ‘cognitive distraction’ to drivers. It is argued by some that phone calls can distract drivers, regardless of whether one’s [...]
