Ford Motor Co. has rewarded CEO Alan Mulally with stock worth $56.5 million before taxes.
Inside these posts: Ford
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Fuel leak risk, electrical issue prompt Ford recall
Ford recalled more than 34,000 vehicles worldwide spanning eight vehicle models due to the risk of a fuel leak or electrical issues.
The automaker is recalling 25,000 Ford Ranger trucks, including 23,688 in the United States, because the protective layer of an engine fuel line near the throttle body shield may not be properly installed. Eventually, this could lead to a fuel leak, Ford said in a notice posted on the National Highway Traffic Safety Administration website Wednesday. Get the full story »
Mercedes, Lexus dealers tops with secret shoppers
A host of mystery shoppers sent to critique dealerships across the country gave luxury brands such as Mercedes-Benz and Lexus high marks and put Ford and Lincoln above the industry average.
The study of dealerships, released Monday, also found that fewer salespeople offer vehicle brochures that customers can take home. Only 57 percent of dealerships offer brochures, compared with 62 percent in 2007. Get the full story »
Ford to repay $4 billion more in debt
Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength. The Dearborn, Mich., automaker will pay $3.8 billion in cash to a United Auto Workers trust fund that pays retiree health care bills, and it will pay out $255 million in dividends on preferred securities that had been deferred as the automaker worked its way through financial troubles.
Ford recalls 2010 Ranger for cold-weather defect
From Cars.com | Ford has issued a recall for 2,934 Ranger vehicles from the 2010 model year, according to the National Highway Traffic Safety Administration.
Get the full story: Ford recalls 2010 Ranger for cold-weather defect.
