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Ford Motor News

News on Ford Motor (Ticker: F) continually updated from thousands of sources around the net.

9 hrs ago |

Analyst Upgrades: Ford Motor Company, Baidu Inc (ADR), and Starbucks Corporation

The shares are looking to extend their upward momentum this morning, thanks to a trio of upbeat analyst notes.


Related Topix: Baidu, Automakers, Volvo Trucks North America, Ford Motor Credit, Ford Motor, Financial Services, Restaurant Management, Starbucks

13 hrs ago | The Detroit News

Listening devices found at Ford HQ; recently fired engineer investigated

-- The FBI searched Ford Motor Co.'s world headquarters while investigating one of the automaker's engineers and seized listening devices, computers and financial records, according to search warrants obtained by The News on Thursday. A lawyer for the mechanical engineer said Ford's security team feared she was stealing trade secrets by hiding secret recording devices in conference rooms at the Dearborn automaker's headquarters, nicknamed the Glass House. Court records that would explain why the FBI had probable cause to search Ford and the engineer's home are sealed in federal court. The government's lawyer on the case, Assistant U.S. Attorney Jonathan Tukel, heads the National Security Unit in Detroit, successfully prosecuted underwear bomber Umar Farouk Abdulmutallab and specializes in cases involving espionage, counter-terrorism and terrorism financing, among others. Searching a Fortune 500 company's world headquarters instead of issuing a subpoena is a rare step and could indicate investigators were worried about someone destroying evidence, said Peter Henning, a law professor at Wayne State University and a former federal prosecutor. "If it's an economic espionage case or trade secrets case, that rarely involves one individual," Henning said. "So the concern is if you send a subpoena and ask for recording devices, those things can be erased." The U.S. Attorney's Office and FBI declined comment Thursday. A Ford spokeswoman, Susan Krusel, declined to discuss the investigation in detail, but said Ford is not a target. "Ford and the FBI are working together on a joint investigation involving a former employee," she said. "As this is an ongoing investigation, we are not able to provide additional details." The search warrants show the FBI searched Ford's headquarters July 11 and agents had permission to search the entire facility. Agents were authorized to seize digital and electronic recording devices given to Ford representatives by Wyandotte resident and former Ford engineer Sharon Leach, emails and other records, according to a copy of one search warrant. The search at Ford's headquarters came three weeks after FBI agents raided Leach's home on St. John Street and seized more than two dozen items, according to a search warrant inventory obtained by The News. Leach, who has not been charged with a crime, declined comment Thursday after opening the front door of her yellow, two-story colonial. "I'm not gonna talk," said Leach, 43. "I'm a private person." Until recently, Leach was a mechanical engineer with a doctorate at Ford, where she had been employed for about 17 years. In April, she was included on a panel of experts talking about hybrid vehicle performance at the 2014 SAE World Congress at Cobo Center. She was fired recently after Ford's security team discovered recording devices planted in the automaker's meeting rooms, her lawyer Marshall Tauber said. "She has done nothing wrong nor been accused of doing anything wrong," Tauber said. Leach admitted hiding the devices under tables to help her transcribe meetings, her lawyer said. "It didn't involve anything of a spying nature," Tauber said. "She wanted to record conversations of meetings she attended but didn't know how to do it. She was insecure about her note-taking." The devices were installed before meetings but could not be easily removed, her lawyer said. The audio devices were left in the conference rooms and unintentionally recorded other meetings. "It was very difficult to remove them when other people were in the same room," Tauber said. "That leads to Ford Motor security finding this activity suspicious." The devices were never installed in the Board of Directors conference room, he said. "She was a low-level engineer," Tauber said. "Her salary wasn't even $120,000." Leach was fired in June after she admitted using the devices, her lawyer said. "She had one in her purse and said 'here it is,' " Tauber said. In all, Leach gave Ford security eight Sansa recording devices, her lawyer said. Those are the same devices listed on the FBI's search warrant on July 11, Tauber said. "Ford had the devices since prior to the day she was dismissed in June," Tauber said. "Now, Ford may not have released them to the FBI or said 'give us a search warrant.' " Leach did not intend to share the recordings with anyone and erased the files after listening to the audio and revising her notes, Tauber said. "I think you're dealing with a person who was seeing how sharp the new kids are and maybe feeling a need to keep up with them," Tauber said. "And maybe she realized that she's not as attentive as she once was and needs a little assistance. Maybe her memory was failing her on the technology end but she didn't want to admit it." The FBI raided her home June 20. "They don't believe her," Tauber said. During the search at Leach's home, agents seized more than two dozen items, including several desktop and laptop computers, a credit card, thumb drives and financial records, according to the search warrant receipt. "They want to know if she is suddenly coming into more money than her salary shows," Tauber said. "My client tells me they are not going to find anything unusual whatsoever." Agents also seized a shipping bag and invoice. The website is an online shopping mall owned by Rakuten, a leading Japanese e-commerce site. Other seized items included work documents and tax records. Leach's neighbor Bethany Tate was watching June 20 as about a dozen FBI agents searched the house two doors away. An FBI mobile unit was parked in the neighborhood and agents spent about five hours inside Leach's home, Tate said Thursday. "It was puzzling," said Tate, 36, standing on the front porch of her home and holding her infant daughter. "You don't expect to see the FBI with guns in your neighborhood. I wondered 'is she dead?' " Agents wouldn't discuss the search, she added. Leach refused to sign the FBI's receipt listing items seized during the raid, according to court records. So agents left copies on her dining room table.


Related Topix: US News, US Federal Bureau of Investigation, Automakers, Ford Motor, Criminal Defense Law, Law, Detroit, MI

Thu Jul 24, 2014

Finance news you need to know today

ARE the reports of a recovering US economy too optimistic. Here's one argument why America might be heading for another recession.


Related Topix: Vladimir Putin, Automakers, Stanley


GM, Ford hopeful of European rebound despite Ukraine, Russia

Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operations after years of economic instability on the Continent.


Related Topix: Automakers, General Motors, Auto Dealers

Proposal 1 popular among Metro Detroit leaders, but one outspoken mayor calls it a gamble

The Ford Rouge Center has a stamping press that it bought more than 50 years ago - and it still pays the annual personal property tax on it.


Related Topix: Detroit, MI, Automakers, Dearborn, MI


Ford 2Q net profit up 6 percent to $1.3 billion

A condemned murderer took nearly two hours to die and gasped for about 90 minutes during an execution in Arizona that quickly rekindled the national debate on capital punishment in the U.S. The nation's third execution in six months to go awry rekindled the debate over the death penalty and handed potentially new evidence to those building a case ... (more)


Related Topix: Ford F-150, Ford Edge, Ford, SUV, Truck, Death Penalty, Steve Bullock, US Governors, Dearborn, MI, Automakers

The Globe and Mail

Yet another Lincoln update: Does the new president have the keys to success?

Thought about buying a Lincoln? Read on. This is perhaps instalment 4,288 in the ongoing Remake of Lincoln saga that I began in 1998.


Related Topix: Automakers, Irvine, CA


Ford Profit Tops Estimates Europe Delivers Surprise Gain

Bloomberg's Scarlet Fu reports that second-quarter results from Ford saw the automaker beating profit estimates due to surprising sales growth in Europe.


Related Topix: Ford F-250, Ford, Truck, Ford F-150, Automakers, Dearborn, MI, US News

Detroit News

Analysts: Ford's second-quarter earnings likely to fall

The Dearborn automaker's revenues fell to $37.4 billion from $37.9 billion during the same period a year ago.


Related Topix: Ford F-150, Ford, Truck, Automakers

Automotive News

Ford Q2 earnings rise on N.A. record, first European profit in 3 years

Ford Motor Co. posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years.


Related Topix: Automakers

Wed Jul 23, 2014

The Auto Channel

Ford's Paul Mascarenas Retiring After 32 Years

After 32 years of service, Paul Mascarenas retiring as chief technical officer and vice president, Research and Advanced Engineering, effective, Oct. 1 Dr. Ken Washington named vice president, Research and Advanced Engineering; former Lockheed Martin executive to help lead Ford's accelerated drive for innovation Kumar Galhotra named vice president ... (more)


Related Topix: Dearborn, MI, Automakers, Volvo Trucks North America, Ford Motor Credit, Ford Motor, Financial Services


Ford's Galhotra succeeds Farley as head of Lincoln

Ford Motor Company is announcing a major personnel shakeup that could have a dramatic effect on the future of the Lincoln division.


Related Topix: Automakers, Volvo Trucks North America, Ford Motor Credit, Ford Motor, Financial Services, Marketing, Washington

Michigan primary 2014: $5.6 million raised to battle confusion about statewide ballot proposal

Two of Michigan's largest employers -- Ford Motor Company and Dow Chemical -- are also the largest financial backers of Proposal 1 , a statewide primary ballot measure that would phase out personal property taxes both companies pay on large machinery.


Related Topix: Michigan, Automakers, Ford Motor, Manufacturing, Dow Corning, Chemicals, Small Business, Personal Finance, Dearborn, MI


FordDirect Names Raj Singh as CIO

As CIO, Singh oversees a department of professionals and more than 50 technology providers and vendors, and is responsible for technology compliance, infrastructure management, data security and technical innovation at FordDirect.


Related Topix: CIO News, Automakers, Volvo Trucks North America, Ford Motor Credit, Ford Motor, Financial Services

Ford, DSO bringing live music to Detroit neighborhoods

Ford Motor Co. and the Detroit Symphony Orchestra have launched a unique summer concert series called "DSO on the Go with Ford."


Related Topix: Detroit, MI, Automakers, Symphony, Arts

The Chronicle-Telegram

Raymond F. Seymore

Raymond F. Seymore, 79, of Elyria, died Monday, July 21, 2014 at his home. He was born December 23, 1934 in Lilly, Pennsylvania and from 1952 to 1955 was a U.S. Navy veteran and had served in Korea.


Related Topix: Elyria, OH, Automakers, Volvo Trucks North America, Ford Motor Credit, Ford Motor, Financial Services, Avon, OH

CBS Local

St. Paul Planning Redevelopment Of Ford Plant Site

It's been more than a year since the Ford Plant shut down in St. Paul. Now, the city is talking about its plans for redevelopment.


Related Topix: Ford Motor, Financial Services, Automakers, Volvo Trucks North America, Ford Motor Credit, Weird

Tue Jul 22, 2014

The Motley Fool

1 Huge Risk for Owning Ford Motor Company's Stock This Year

Trust is vital for any kind of relationship to be successful, and that's never truer than in the investing world.


Related Topix: Hybrid, Ford Escape, Ford, SUV, Ford Fusion, Ford F Series, Sedan, Lincoln, Lincoln MKZ, Automakers, Ford Motor

The Hartford Courant

Manchester Landscaper's Kindness Earns Notice Of Ford Motor Co.

A commercial landscaper's tale of a boy and a big red truck caught the eye of Ford Motor Company .


Related Topix: Automakers, Ford F-250, Ford, Truck, Manchester, CT


Galhotra succeeds Farley at Ford as head of Lincoln brand

Ford Motor Co has named engineer Kumar Galhotra to succeed Jim Farley as head of the company's Lincoln brand, the automaker said Tuesday.


Related Topix: Automakers, Marketing


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