Auto Services in Illinois
Auto Repair & Service, Tire Dealers, Brake Repair
Address: 2119 E Pershing Rd, Boody
Phone: (217) 615-0871
Auto Repair & Service, New Car Dealers
Address: 124 S Sangamon Ave, Elliott
Phone: (217) 784-4119
Auto Repair & Service, Automobile Parts & Supplies, Tire Dealers
Address: 3926 W Elm St, Mchenry
Phone: (815) 344-1118
New Car Dealers, Used Car Dealers, Car Wash
Address: 4220 S Western Ave, Westchester
Phone: (773) 254-0506
Auto Repair & Service, Automobile Parts & Supplies, Automotive Tune Up Service
Address: 10S373 Normantown Rd, North-Aurora
Phone: (630) 978-9999
Auto Repair & Service
Address: N 1977 Schaitel Rd, Alden
Phone: (262) 248-2510
Fri, 25 Apr 2014 19:13:00 EST
General Motors isn't the only Detroit automaker posting falling profits in the first quarter. Ford just released its Q1 2014 financial data, and it reported a net income of $989 million, down $622 million from Q1 2013. The drop is partially blamed on higher warranty and recall expenses than the company had anticipated.
Tue, 20 Aug 2013 18:59:00 EST
Financially, Ford suffered a rough quarter almost across the board. Its pre-tax profit of $1.4 billion was also down $765 million from a year ago. Things were even worse in the North American market where operating profit fell significantly to $1.5 billion, down from $2.392 billion in Q1 2013. However, its global revenue ticked up slightly to $35.9 billion, from $35.6 billion in this period in 2013.
Ford admitted that it spent about $900 million on expenses that it hadn't planned for during this quarter. According to Reuters, the company paid about $400 million in additional warranty and recall costs in North America. The automaker didn't explain why the costs were so much higher than expected. However, in the last three months, Ford has had several recalls, including on the 2001-2004 Escape for rust, Explorer for its steering, Edge for its fuel line and others.
When Ford made the decision to end production of the Falcon sedan and Territory CUV in Australia, it wasn't a popular move Down Under. The large, four-door Falcon had been in production for 50 years, and while Ford has reaffirmed its commitment to the Australian market, it's understandable that some people still aren't all that crazy about the Blue Oval's decision.
Mon, 12 Aug 2013 10:01:00 EST
Speaking to CEO Alan Mulally after Ford's Go Further event in Sydney, Australian site Go Auto reports that the decision was not one made lightly, and that the automaker is doing everything possible to respect the Falcon and Territory's "stakeholders." It's an interesting piece that shows a softer side of a corporation, while demonstrating that Ford is doing everything in its power to make the end of production as smooth as possible for all parties.
Head over to Go Auto for the full series of remarks from Mulally, and then let us know what you think of Ford's handling of the Falcon and Territory discontinuations, in Comments.
Ford is recalling 6,308 units of the 2012 and 2013 Focus Electric and 2013 Focus ST that were fitted with HID headlights because a "wiring incompatibility" could keep the front side marker lights from working. A bulletin from the National Highway Traffic Safety Administration says the recall should begin in the middle of this month, after which owners can take their cars to dealers to have the wiring assembly repaired free of charge.
You can find more information in the NHTSA bulletin posted below.