Ford Motor Company
Ford, GM to Acquire Each Other
Detroit, August 19, 2009 -- Automotive giants Ford Motor Company (F) and General Motors (GM) galvanized American stock markets early this afternoon with nearly simultaneous hostile bids to acquire each other.
Ford was out first, issuing a bid to buy all outstanding shares of GM for $40 a share, a 30% premium on Friday's closing price. Mere seconds later, GM announced a bid to acquire Ford for $9 a share, a 35% premium. Shares in both industrial giants skyrocketed during the subsequent buying frenzy.
Ford Motor Company Preemptively Recalls 6.1 Million 2011 Models
Dearborn, Michigan, August 29, 2009 -- A spokesman for Ford Motor Company announced today the preemptive recall of all 6.1 million model year 2011 cars expected to be produced under the company's flagship Ford brand next year.
The recall, which will affect all new Ford automobiles immediately upon leaving the assembly line, is intended to address "serious production, concept, engineering and safety flaws that we expect to come to light in the recent future", according to the spokesman.
Lipodiesels Shine at 2010 LA Auto Show
Los Angeles, November 29, 2010 -- The wraps are off at the 2010 LA Auto Show, and this year the neologism on everyone's lips is the hottest hybrid concept of the millennium: the Ford Lipodiesels™. Three new Ford models featuring the innovative energy-saving technology are scheduled for unveiling in the coming days, and the excitement is palpable.
Ford Motor Co., in Cost-Saving Measure, to Cease Automobile Production
Dearborn, Michigan, June 9, 2006 -- Ford Motor Company Chairman and CEO Bill Ford announced during an interview with Bloomberg TV today that, effective immediately, Ford Motor Company will flatline all North American automotive and truck manufacturing operations in an effort to reduce costs and improve shareholder value.
Bush & Cheney Send Chocolates, Long-Stemmed Roses, $29 Billion to ExxonMobil
Washington, D.C., February 14, 2006 -- ExxonMobil executives were surprised today by a Valentine's Day gift from President Bush and Vice President Cheney containing Godiva chocolates, 24 exquisite long-stemmed roses, and a $29 billion corporate welfare grant package consisting of tax breaks, tax incentives, reduced taxes, rebates on taxes both paid and unpaid, and several freight trains filled with cash. A spokesman for the grateful oil conglomerate said the company was "pleased as punch" by the subsidy and "would have something real nice for the whole gang when the time comes."
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