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Ford unveils global small car, key to opening emerging markets

By Deepa Seetharaman DETROIT (Reuters) - Ford Motor Co <F.N> will launch a small car aimed at emerging markets next year, the toughest test yet of Chief Executive Alan Mulally's strategy of building "global" models that can be sold in countries around the world. Top Ford executives, including Chairman Bill Ford, were at the company's Camacari plant in Brazil on Wednesday to showcase a concept version of the global Ka four-door, five-passenger hatchback, which will be introduced in Brazil next year.

Ford shuffles executive team to prepare for post-Mulally era

By Deepa Seetharaman DETROIT (Reuters) - Ford Motor Co <F.N> promoted several younger executives to key roles on Tuesday, marking yet another step by the U.S. automaker to prepare for the eventual exit of Chief Executive Alan Mulally. The automaker's changes included naming Moray Callum, 54, as global design chief. Callum, currently the head of design for North and South America, replaces 16-year Ford veteran J Mays, 59, who is retiring.

Ford's US sales up 14 pct on F-Series, Fusion, but Focus falters

DETROIT - Ford Motor Co.'s U.S. sales rose 14 per cent in October as demand for F-Series pickups continued despite the government shutdown. F-Series sales were up 13 per cent to 63,803. It was the sixth straight month that F-Series sales have topped 60,000. The last time that happened was 2006. Fusion sedan sales jumped 71 per cent over last October, when the old model was being phased out. Ford says it's seeing strong Fusion sales on the East and West coasts.

Ford increases full-year guidance after record pretax profit in 3Q; sees lower Europe losses

DEARBORN, Mich. - Ford proved it in North America. Now it's proving it in the rest of the world: New vehicles, combined with cost cuts, can turn the business around. The second-largest U.S. automaker raised its full-year profit guidance Thursday as it reported a strong third quarter that saw improving sales worldwide. Ford's regions outside North America saw a combined profit for the first time in two years, and every region reported market share increases.

Ford sees European profit by 2015 as overhaul picks up speed

By Deepa Seetharaman and Ben Klayman DETROIT (Reuters) - Ford Motor Co <F.N> boosted its full-year global profit outlook on Thursday as its European picture brightened and stronger overseas demand sparked better-than-expected third-quarter results. The No. 2 U.S. automaker now expects 2013 pretax profit to top last year's $8 billion and losses in Europe to be less than they were in 2012. Chief Financial Officer Bob Shanks said Ford sees the European unit being profitable in 2015.

Surge in auto production impairs quality of parts: Ford executive

By Deepa Seetharaman Dearborn, Michigan (Reuters) - The recent surge in U.S. auto production is hurting vehicle quality because automotive parts suppliers have less time to fix problems that emerge on the line, Ford Motor Co's <F.N> new global purchasing chief told reporters on Monday. Hau Thai-Tang, who led the overhaul of Ford's Mustang sports car in 2005, also said the No. 2 U.S. automaker is exploring a cost-cutting strategy that requires Ford to tweak the design of its global models for specific regions.

Ford targets one-third increase in capacity within five years

By Deepa Seetharaman WAYNE, Michigan (Reuters) - Ford Motor Co <F.N> mapped out a plan to build one-third more vehicles globally by adding more plants in emerging markets, overhauling its production methods and running most of its factories around the clock by 2017, executives said on Monday. The No. 2 U.S. automaker aims to build around 8 million vehicles worldwide by the middle of the decade, up from about 6 million cars and trucks this year.

Ford buys small software startup to bolster 'connected car' offerings

By Deepa Seetharaman DETROIT (Reuters) - Ford Motor Co has bought a five-year-old software company for less than $10 million in a move the No. 2 U.S. automaker hopes will beef up its in-car connectivity that is critical to winning over younger, more affluent buyers. The acquisition of Ferndale, Michigan-based Livio will also help promote the automaker's method of connecting smartphones with the vehicle as an industry standard, which will help speed the pace of app development, Ford said on Thursday.

Ford targets higher capital expenditure, dividend boost by mid-decade

By Bernie Woodall DETROIT (Reuters) - Ford Motor Co <F.N> on Wednesday laid out a more ambitious mid-decade plan that includes a higher dividend and a 25 percent increase in capital spending, to take advantage of growing automotive demand worldwide. Ford's plans will "enable us to sustain an investment grade credit rating through the inevitable downturn to come," Bob Shanks, the automaker's chief financial officer, said in a Ford presentation at an analysts conference sponsored by J.P. Morgan.

Ford's North American manufacturing chief says new plants unlikely even as sales rise

TRAVERSE CITY, Mich. - Even though U.S. auto sales are close to returning to pre-recession levels, don't expect to see a new Ford factory anytime soon. Jim Tetreault, Ford's North American manufacturing chief, says his mandate is to squeeze more production out of existing plants to avoid the high cost of new bricks and mortar. Some plants are operating near capacity. "We can always squeeze more. I have never said 'boss, we can't get another one out," Tetreault said Wednesday at the Center for Automotive Research Management Briefing Seminars near Traverse City, Mich.
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