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Bill Ford augments his power by nearly doubling stake of supervoting shares

Bill Ford Jr. has more sway than ever over the automaker that bears his surname, as the great-grandson of Ford's founder has reportedly doubled is holdings of Class B Ford stock. According to a report from Reuters (which cites a newly discovered securities filing), he acquired some 3.7 million Class B shares from an unnamed family member.
Class B shares of Ford stock are held by descendants of Henry Ford and offer expanded voting power to their holders - Bill Ford Jr. now controls roughly 11.5 percent of the total Class B pool. Ford Jr. is also a one of five trustees that manage a voting trust that oversees the majority of these "supervoting" shares. In total, Reuters reports there are 71 million Class B shares that account for 40 percent of the voting power in the company, despite making up just 2 percent of the total volume of all Ford stock.
Ford Jr. served as Ford's CEO until 2006, when he stepped down to hire and make space for current CEO, Alan Mulally. The move to consolidate Ford family voting power, at least somewhat, is seen by many as a comforting sign with Mulally's departure from the company likely to happen in the next several years.

Texan finds creative way to clear highway fast lane

Few things are as infuriating as someone driving slow in the fast lane. A Jeep driver from Texas found himself in just such a predicament near Fort Worth, and came up with a creative way to urge the offending lane-blocker to get a move on. Machine, a YouTuber and off-road enthusiast from the Lone Star State, posted some dashcam footage to his account back in March which showed him stuck behind a slow driver. He was attempting to pass a slow-moving bobtail Peterbilt tractor when he got hung up by a white Ford Econoline squatting in the passing lane. On his YouTube page, Machine stated that the van, which apparently belonged to a plumbing company, was traveling along between 60 and 70 miles per hour along a stretch of highway with a stated speed limit of 70 mph. Confronted with the slow-moving van blocking the left lane, and traffic in the right lane, Machine called the number on the back of the Econoline and politely asked him to get out of the way. In the Econoline, the passenger picked up and was momentarily confused as Machine asked him to ask his driver to move out of the lane and let traffic pass. The van sped up, passed a tractor-trailer, and got out of the way, much to the relief of the traffic behind him. According to CBS news, 38 states have laws on the books to punish slow drivers squatting in the passing lane. In five of those states, the fine is upwards of $1000, and 22 states classify it as a misdemeanor. Related Video: News Source: YouTube, CBS News Auto News Humor Weird Car News Ford Jeep Driving Safety Minivan/Van SUV Commercial Vehicles wrangler passing lane

Lincoln 'not true luxury' yet, says Ford design chief

Lincoln is "not true luxury," according to Ford's design boss, J Mays. His statements come from a story in The Detroit News that saw candid language on the issues facing Ford's troubled premium brand. Notably, there's a need for a strong character, with Mays saying, "Every brand needs to have a DNA and a unique selling point and things in the vehicle that make you think, 'That's that particular brand.'"
With a range of rebadged Fords, it's not hard to see why that DNA is missing. Mays hinted that a full recovery for Lincoln will be a ten-year process, that's been kicked off with the MKZ sedan. While that car is still largely a Ford Fusion under its extremely pretty wrapper, it's the first Lincoln in some time to inject its own unique take both through the exterior styling and through interior features, such as the vertical, pushbutton gear selection.
Some analysts weren't so certain about Mays' 10-year estimate. Jim Hall of 2953 Analytics thinks it'll be more like 30 years before Lincoln can show a true return to form. The issue, as Hall explains it, is that, "luxury has a degree of exclusivity," that Lincoln just doesn't have. Michelle Krebs from Edmunds adds, "it's definitely a wanna-be luxury brand," comparing the troubled American brand with Infiniti and Acura, two other brands that have struggled to find their place in the luxury market.