ford

Ford Earnings Surpass Expectations

by Gabe Bullard April 26, 2011

The Ford Motor Company’s performance in the first quarter of this year was the automaker’s best since 1998. Ford earned $2.6 billion in the quarter, surpassing Wall Street estimates by half a billion dollars. Company officials attribute the earnings to new vehicles and price increases that offset the rise in cost of raw materials. Ford’s Louisville […]

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Ford CEO Alan Mulally Praises Louisville

by Dalton Main March 15, 2011

Ford CEO Alan Mulally praised Louisville in a speech Tuesday night at the KFC Yum Center. Mulally was the keynote speaker at the Greater Louisville Inc. annual meeting.

Ford is in the middle of a $600 million retooling of the Louisville Assembly Plant. Mulally hailed the new model of the Ford Escape, which will be built at the plant, as revolutionary.

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French Manufacturer To Open Plant In Louisville

by Gabe Bullard November 5, 2010

A French automotive interiors manufacturer will open a plant in Louisville next year.

Faurecia Interior Systems will produce components for upcoming vehicle models out of a plant near Middletown.

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Beshear Says Ford CEO Positive On Louisville's Future

by Gabe Bullard February 23, 2010

Kentucky Governor Steve Beshear met with Ford Motor Company CEO Alan Mulally this week, and he says the conversation was encouraging. With Ford upgrading the Louisville Assembly Plant to produce new vehicles, Beshear says he’d been planning to meet with Mulally for weeks. They convened on Monday and Beshear says Mulally told him that Ford’s […]

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275 Louisville Assembly Plant Workers Laid Off

by Gabe Bullard July 6, 2009

275 workers at Ford’s Louisville Assembly Plant are being laid off today.

The workers on Ford’s Explorer line are being cut as the vehicle is taken out of production.

Local United Auto Workers Union Building Chairman Steven Stone says the union tried to prevent the layoffs, but employment will be boosted when the plant begins manufacturing a new fuel-efficient vehicle in 2011.

“They are predicting to run multiple shifts out there, so I’m sure every single one of those that are laid off will be back,” he says. “I’m sure of that.”

Stone says the laid off workers will receive some health benefits and about 70% of their salaries for one year. A Ford spokesperson did not return a phone call for comment.

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Analyst Says Ford Is Poised For Success

by Gabe Bullard May 3, 2009

As Chrysler enters bankruptcy and General Motors restructures with government funds, Ford remains viable. That’s according to longtime automotive writer Jerry Flint.

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Staff Reductions Possible At Louisville Assembly Plant

by Gabe Bullard April 29, 2009

Staff reductions could be imminent for Ford’s Louisville Assembly Plant.

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Ending Jobs Bank Could Hurt Local Economy

by Gabe Bullard December 25, 2008

When President Bush announced a government loan to General Motors and Chrysler last week, he called for the end of the jobs bank program, which provides benefits and partial wages for laid-off employees.

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Auto Loan Could Mean End Of Jobs Bank

by Gabe Bullard December 19, 2008

General Motors and Chrysler stand to receive $17.4 billion in federal loans if they can restructure their businesses toward profitability.

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Yarmuth Opposes 'Car Czar' Position

by scrosby December 9, 2008

Congress is pushing forward with negotiations for a bridge loan to the country’s Big Three automakers. Congressman John Yarmuth of Louisville says he’s hesitant about parts of the legislation, but thinks it’s necessary. Two of the Big Three – GM and Chrysler – say they’ll fail in weeks, not months, if the government doesn’t give […]

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