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Ford Motor News

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

18 hrs ago | SchaeffersResearch.com

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.

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

22 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 buy.com 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.

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

Thu Jul 24, 2014

USA Today

Ford Motor earnings rise, beat estimates

Ford Motor earnings rise, beat estimates Ford Motor bounced back from its bleak first quarter Thursday.

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

Automobile Magazine

Ford Motor Company Posts $2.6 billion Pre-Tax Profit In Q2 2014

Record market share in China and growth in the Asia Pacific region helped offset a 1 percent decline in wholesale volume at Ford Motor Company, which earned a pre-tax profit of $2.6 billion, up $44 million from Q2 of 2013 .

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

Wed Jul 23, 2014

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.

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

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)

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

The Auto Channel

Continue Reading

July 22, 2014: Ford Motor Company and Detroit Symphony Orchestra are building on their long history together by launching a new performance series that brings live orchestral music into the neighborhoods of Detroit.

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Related Topix: Coupe, Wagon, Hatchback, Ford Focus, Ford, Sedan, Automakers, Volvo Trucks North America, Ford Motor Credit, Financial Services, Ford Motor, Symphony, Arts

Autoblog

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.

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

WJRT

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.

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

MLive.com

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.

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

NBC Connecticut

Story of CT Boy's Truck Ride Garners Ford's Attention

A Connecticut man and his client's family is going to see Toby Keith perform this weekend courtesy of Ford Motor Company after his story about giving a boy with Down's syndrome a ride in his truck has caught the company's attention.

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Related Topix: Ford F250, Ford, Automakers, Volvo Trucks North America, Ford Motor Credit, Financial Services, Ford Motor

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.

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

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.

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

The Detroit News

Ford names new president of Lincoln brand

Kumar Galhotra, Ford Motor Co.' s former vice president of engineering, was today named president of Lincoln in a management move that underscores the automaker's commitment to overhauling its troubled luxury brand.

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Related Topix: Hybrid, Lincoln, SUV, Sedan, Lincoln MKZ, Lincoln MKC, Lincoln MKX, Lincoln Navigator, Automakers, Ford Motor

Forbes.com

Ford's New CEO Taps Lockheed Star To Lead Innovation

Ford Motor's new chief executive, Mark Fields, is wasting no time trying to put his mark on the company after taking over for industry superstar Alan Mulally.

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Related Topix: Automakers, Ford Motor, Autos

Mon Jul 21, 2014

The Auto Channel

Ford's Statement Regarding the Death of Nick Scheele

"Nick Scheele was an outstanding leader whose global experience and passion for our products served Ford Motor Company at a critical time.

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

Sun Jul 20, 2014

The Item

Ringwood CAG calls for meeting after EPA decision on Superfund site

Entrance way to Peter's Mine site in Upper Ringwood. The Ringwood Superfund Community Advisory Group is scheduled to hold a meeting July 22. A meeting of the Ringwood Superfund Community Advisory Group is scheduled for Tuesday, July 22 at 6:30 p.m. in Borough Hall on Margaret King Boulevard.

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Related Topix: Environmental Law, Law, U.S. Environmental Protection Agency, Automakers, Volvo Trucks North America, Ford Motor Credit, Financial Services, Ford Motor

The Motley Fool

Move Over Chevy Camaro, Ford's 2015 Mustang Is Coming Fast

Unless you've been living under a rock over the past year, you probably have heard Ford Motor Company 's prized pony car, the Mustang, is turning 50. In a way, it already feels ancient as the last redesign took place almost a decade ago, in 2005.

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Related Topix: Automakers, Ford Motor, Sales

Sat Jul 19, 2014

The Motley Fool

Good News for Tesla Motors: This 84 MPG Car Just Copied Its Business Strategy

Tesla Motors stores have been stuck selling t-shirts in some states. That may be about to change.

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Related Topix: Tesla Motors, Startups, Hybrid, Electric Vehicle, Sales, Automakers, Volvo Trucks North America

Fri Jul 18, 2014

Automotive News

from Our Archives: Turnaround artist's background to come in handy as he tries to fix Ford N.a.

It was a brilliant sunlit afternoon in August in Birmingham, Michigan. The city was celebrating Detroit's annual classic car parade up Woodward Avenue, and the streets were filled with classic Ford cars and trucks - sinuous Cobras and boxy Broncos, candy-colored Deuce Coupes and a handful of Model T's.

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Related Topix: Birmingham, MI, Automakers, Ford Motor, Photography, Arts

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