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Ford family keeps special voting rights

Ford Motor Company has a dual-class stock structure of Class A and Class B shares. The roughly three billion Class A shares are for the general public like you and me, while the roughly 71 million Class B shares are all owned by the Ford family. Each Class A share gets the shareholder one vote, each Class B share is worth 16 votes, the result being that Common Stock holders control about 60 percent of the company while the Ford family controls 40 percent even though it holds far fewer shares. The only way that could ever change would be if the Fords sell their Class B shares, but even so, Class B shares revert to Class A when sold outside the family, so they'd have to sell a whole bunch of them.
A contingent of Class A shareholders think the dual-class system is unfair, and for the past few years a vote's been held during the annual shareholders meeting to end it. It has failed every time, as it just did again during the meeting held this week. A smidge over 33 percent voted to end the dual system, outvoted by the 67 percent who are happy with the way Ford is going - unsurprising in view of a corporate turnaround that will be part of business-class curricula for years to come.
On the sidelines, Ford elected Ellen R. Marram to the post of independent director, the first woman to hold the job. The former Tropicana CEO and 20-year Ford board member replaces retiring board member Irvine Hockaday who helped bring Alan Mulally to the CEO position.

Ford to spread all-wheel drive across performance range

Car and Driver took a closer look at the all-wheel-drive system in the Focus RS, Ford reps having made "broad hints" about it being applied to other performance vehicles. One spokesperson even said that he "can see this as one of those technologies of the future." That would make sense because, as C/D notes, it couldn't have been an inexpensive job to engineer the torque-vectoring unit for the Focus – one that can send 70 percent of torque to the rear wheels, and send 100 percent of that portion to either wheel if needed. C/D also clues into the system's close similarity to the AWD unit in the recently updated Range Rover Evoque, which is manufactured by Sweden's GKN Driveline. In the Evoque, torque vectoring is brake based and two electronically controlled clutches turn the Range into a front-wheel-drive crossover under 22 miles per hour. Ford wouldn't comment on the GKN Driveline connection, or even if there is one. No matter where it might come from, more performance Fords are good for every enthusiast, and we do not look an AWD, torque-vectoring gift horse in the mouth. Featured Gallery 2016 Ford Focus RS News Source: Car and Driver Ford Technology Hatchback Performance

Couple fined for parking Ford F-150 in their own driveway

A homeowners' association in New York is suing two of its residents for parking their pickup truck in their own driveway. David and Arna Orlando of Manlius, NY, are facing a lawsuit from the Kimry Moor Homeowners Association for parking their black 2014 Ford F-150 pickup in their own driveway. The Orlandos own their home, but common areas such as their driveway are managed by their HOA, which limits what vehicles can park in the open. They only allow "private, passenger-type, pleasure automobiles" to park outside of a garage. David Orlando says his pickup is a personal passenger vehicle and that the rule is silly. He also feels he is being unfairly targeted. A Syracuse.com reporter drove around the Orlandos' neighborhood and saw another fullsize pickup parked in another driveway, along with a large van and SUV. The Orlandos said in court documents that the pickup is registered as a private vehicle and neither of them have commercial drivers' licenses. The lawsuit was filed in August 2013 and is still in the discovery phase. Depositions are up next. New York seems to have gone power-mad when it comes to regulating common driveway activities. In a Garden City, NY, neighborhood last year police were called when two men began washing a new Volkswagen "in public view", which was against a local ordinance. Related Video: News Source: Syracuse.com Weird Car News Ford Videos hoa parking fines