Auto News for April 27 – Ford – A Mixed Bag



 Ford had warned Wall Street that first quarter results would not be a rosy as one year ago. After posting a record pretax profit in the first quarter of 2016, Ford said net income fell 35 percent in the first three months of 2017. It cited recalls, investments, rising community prices and some reduced sales. Earnings per share, after one-time items were withdrawn, topped market estimates at 39 cents a share. “Ford’s balance sheet remains strong – ready and able to support our plans for growth and to protect against adverse changes in the business cycle,” said Bob Shanks, Executive President and CFO.

 The Ford F-150 is the vehicle Americans read about most, according to digital advertising provider Swoop. The truck had been second on the list but the first quarter of 2017 saw the long-time top vehicle, Chevrolet’s Corvette, drop to the third spot. The Ford Mustang also leapfrogged the Corvette, coming in at number two.

 Chrysler is adding a Touring Plus model to its Pacifica van lineup. It will include features like a power liftgate, three-zone automatic temperature control, premium fascia, projector headlamps, LED tail lamps, fog lamps, second- and third-row sunshades and universal garage door opener. Prices start at $32,360. Even time I see the name “projector headlamps” I wonder when someone will come up with the ability for them to show movies.

 New research released today from Enterprise Rent-A-Car reveals that our weekends are increasingly under siege by our jobs. Nearly seven out of 10 individuals work at least one weekend per month. And when they do work over a weekend, survey respondents indicate that they put in the equivalent of a full day – an average of nearly nine hours. 

 Nearly two-thirds of those surveyed (63%) said their employers expect them to work over the weekend, and 61 percent said they have a hard time not thinking about work over the weekend.

 Younger workers in particular, those ages 25-44, have a harder time keeping their minds off work, compared with those who are older. In addition, two-thirds (67%) said they are plugged into the office on a typical weekend, mostly through reading or answering work-related emails.

 The survey surfaced as Sweden considers a six hour work day.

 SiriusXM will acquire Automatic Labs of San Francisco, a company that provides vehicle diagnostic alerts, emergency crash assistance, fuel monitoring, parking information and live vehicle location tracking. “The acquisition of Automatic is a natural fit for SiriusXM as we continue to expand and improve our connected vehicle services,” said Jim Meyer, Chief Executive Officer, SiriusXM. “



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