Visteon pays employees to buy Ford cars, aid race with Chevy
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VAN BUREN TOWNSHIP, Mich. - Visteon Corp. is offering its 8,100 white-collar employees $1,000 cash bonuses to buy Ford Motor Co. vehicles and boost its largest customer and former parent company in its race with General Motors Corp.
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Ford Motor Co.  on Wednesday said  it would offer zero-percent financing offer on almost all of  its vehicles and give buyers &#36;1,000 toward gas purchases as  part of its most aggressive sales incentive program of the  year.
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Ford Motor Co.  said on Monday it  plans to obtain financing totaling about $18 billion to address  near-and medium-term negative operating-related cash flow, to  fund its restructuring, and to provide added liquidity.
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DETROIT -- Ford Motor Co. plans to expand buyout and early retirement offers to the company's entire U.S. hourly work force of 75,000 as part of a broader restructuring plan aimed at restoring the troubled No. 2 automaker to profitability.
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A deal with Enterprise Rent-a-Car offers great potential.
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NEW YORK/DETROIT  - Ford Motor Co.  said on Monday it plans to borrow $18 billion by pledging assets as collateral for loans, an unprecedented requirement that highlights its worsening financial condition.
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Ford Motor Co.  on Wednesday said about 38,000 of its union workers have accepted its buyout offers, part of a broad restructuring effort at the second-largest U.S. automaker.
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FORD finally delivered some good news yesterday when it confirmed its commitment to world rallying for a further four years. While the 350 employees at the Jaguar Racing Formula One team, which
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Commercials for âSwap My Ride,â Fordâs new advertising campaign feature people who drove Fords for a week instead of the cars they had just purchased.
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Strong demand allowed Ford Motor Co.  to boost a convertible bond sale by 50 percent to $4.5 billion on Wednesday as investors bet that the struggling automaker will engineer a successful turnaround.
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DETROIT -- Ford Motor Co. plans to offer buyout and early retirement packages to more than 75,000 of its employees, a United Auto Workers union official said Thursday.
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DETROIT -- General Motors Corp., eager to lower wages and staunch the kinds of losses it saw in 2007, said Tuesday it is offering a new round of buyouts to all 74,000 of its U.S. hourly workers who are represented by the United Auto Workers.
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Shares of auto parts supplier Visteon Corp. (VC.N: Quote, Profile, Research) fell 15 percent to near a 10-month low on Friday after it warned that production cuts by major customer Ford Motor Co.
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Ford Motor Co.  on Friday said it has entered a credit agreement including a $7 billion term loan facility and a five-year $11.485 billion revolving credit facility.
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Ford Motor Co.  has reached a deal to sell its British race car unit Aston Martin to an investor consortium led by racing team boss and chief executive of Prodrive Ltd David Richards, an adviser on the deal, said on Monday.
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Ford Motor Co.  on Wednesday said a total of 38,000 employees -- almost half of the automaker's U.S. factory workforce -- had accepted buyout offers to leave the company.
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Auto parts maker Visteon Corp. said Wednesday that it is building a factory in Nitra, Slovakia, to support new business from Kia Motors Corp.