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Ford posts $2.4 billion profit
Tue, 26 Jul 2011Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.
Mercedes-Benz to take over Smart distribution from Penske; plans for four-door scrapped
Mon, 14 Feb 2011Mercedes-Benz has agreed to take over Smart car distribution in the United States from Penske Automotive Group, the companies said Monday. Penske launched the European microcar brand, which is owned by Mercedes' parent, Daimler AG, as an independent distributor in 2008. But after a fast start, U.S.
Ford Transit Connect Taxi invades Hong Kong
Mon, 21 Oct 2013Ford is taking World War T(axi) to Nissan with its Transit Connect Taxi, which added Hong Kong to its list of cities served on Monday. Redesigned for 2014, the Transit Connect features a 2.5-liter four with a six-speed automatic transmission. That engine makes 175 hp and 170 lb-ft in the Fusion, but we’d expect it to produce less for fuel mileage purposes in the Transit.