Home     Log in    XML, RSS Subscribe Feed (RSS)     XML, RSS Comments Feed

Posts Tagged ‘Ford’

Tried & True Auto Advice May Be False

March 15th, 2010 by Matthew C. Keegan | 1 Comment | Filed in Autos Express

Passenger vehicles have been made for more than a century now and over that time cars have changed dramatically. Much of the advice given years ago has changed too including how often you should change your oil (3000 miles no longer applies) or warming up your car for five minutes before heading out.

Today’s Engineering

Once considered “tried and true” automotive advice, much of what we once believed is no longer relevant and could be costing you money. 21st century engineering has changed the way we maintain and drive our cars so let’s take a look at 5 myths as well as 5 money savings truths courtesy of the Ford Motor Company.

What sort of myths do you believe?

MYTH: Cars need oil changes every three months or 3,000 miles.

False: That used to be true, but not with newer cars. Because of synthetic oils that don’t break down as quickly, consumers actually don’t need oil changes as often – more like every 5,000 to 7,500 miles. (There may be two recommendations for oil-change intervals: one for normal driving and one for hard use. Check your maintenance guide to be sure.)

SAVE: Either way, there’s a considerable savings here: Let’s say you’re an average consumer who drives 12,000 miles a year, which means you would need about four oil changes a year under the old formula. With the new extended mileage, consumers need only about two oil changes a year, cutting their bill for oil changes in half – you could pocket upward of $50 a year or $650 in the lifetime of your car and do something to help the environment by saving oil.

MYTH: You need to let your vehicle engine warm up in cold weather.

False: Your vehicle’s engine only needs a warm-up period of about 10 seconds – you’re actually the only one who may feel chilly. The engine warms up while you drive. Running your car any longer beforehand is just a waste of gas.

SAVE: Depending on engine size, temperature and other variables, modern cars can use about a third of a gallon of gas per hour while idling. By giving up that 10-minute idle every weekday morning, you could save more than a gallon a month – $32 a year or $416 over the life of the vehicle.

MYTH: Premium gas is a treat for your car.

False: Unless your vehicle is specifically tailored to take advantage of the higher octane level in the fuel, you’re wasting your money. Go by what is recommended in your owner’s manual and leave it at that.

SAVE: At current gas prices, drivers may save up to $150 a year by opting for unleaded gas instead of premium.

MYTH: The number listed on the sidewall of your tire is the recommended tire pressure.

False: In most cases, this is actually the maximum pressure allowed for that tire. The recommended amount of pressure is usually listed on the inside door panel – check your owner’s manual to be sure.

SAVE: The government estimates that the average driver’s tires are underinflated by 26 percent. Generally, underinflated treads lower gas mileage about a half percent for each pound lacking when the pressure of all four tires is added up. An average driver with underinflated tires could add $79 a year to his or her fuel bill – or more than $1,027 in the lifetime of the vehicle. You could also save nearly half a barrel of crude oil per year by keeping your tires inflated to the manufacturer’s recommended level. Per the EPA, one barrel of crude oil equals 42 gallons of gasoline.

MYTH: Buy gas in the morning and you’ll save money.

False: The old adage was to fill up in the morning when gas was coolest and most dense because gas is sold by volume and you would get more gas for your buck.

But gas is sold in underground, nonmetallic tanks that typically hold about 10,000 gallons, and it will take a lot of sunlight to raise the temperature even a degree. (However, pumping your gas when it’s cooler does mean less release of vapors, which is better for the environment.)

SAVE: Do your research before buying. Ford’s SIRIUS Travel Link™ sorts gas stations by price on the navigation screen, but Web sites like MSNAutos.com can also help drivers navigate to bargains. In our quick research, we found two gas stations in New York City – less than a mile apart – with 30 cents per gallon price difference. If you know before you go and fill up for less every time, it could result in $227 in your pocket annually, or $2,951 saved over the lifetime of your car.

Ford Calculations

Ford says that by eradicating these myths drivers could save more than $500 annually or more than $6600 over a twelve year period driving the same car. For their estimation, Ford selected their 2010 Ford Taurus, a full size sedan returning 18 mpg city/28 mpg highway with gas averaging $2.70 per gallon.

Of course, your results will be different depending on the make, model and year of your car as well as miles driven. Check out the EPA fuel economy tabulator for your car’s information.

Photo Credit: Asif Akbar


Tags: , , , , , , , ,

Ford Success Underscores Power of Private Enterprise

March 8th, 2010 by Matthew C. Keegan | 3 Comments | Filed in News

Make no mistake about it: the Ford Motor Company has been showing some very impressive results lately. Last year the automaker posted a $2.7 billion profit, a stunningly large amount considering what a stinker 2009 was saleswise. Ford figured out how to make money by selling far fewer vehicles, effectively casting to the side long held industry thinking that volume is what drives profits.

Outselling GM

Ford boss Alan Mulally stands in front of the all new Ford Taurus.

In February, Ford did the unthinkable: they sold 471 more cars in the US for the month than GM, the first time that happened since 1998 when a crippling strike shut down much of GM’s production. GM has been the annual US sales leader consistently since 1931 and although one month certainly doesn’t make for a year, Ford has served notice that they intend to build on their momentum.

Ford’s success is in stark contrast to the fortunes of its crosstown rivals. Last year, both General Motors and Chrysler were ushered through federal bankruptcy court and given billions of dollars of aid and loans to shore up their enterprises. GM’s bail out was particularly large with American and Canadian taxpayers contributing more than $50 billion to keep the company afloat. Since then GM has been concentrating on shedding brands and trying to salvage their operation.

Chrysler’s situation is much more desperate, an automaker who would have gone out of business had Italy’s Fiat not stepped in. Without investing a penny Fiat gained a 20 percent stake in Chrysler with the promise of additional shares once new Fiat derived models hit the market. Chrysler had no new models for the 2010 model year while GM had a few. Ford, on the other hand, has been overhauling its line ups by updating or releasing new models.

Toyota Woes

Granted, some of Ford’s most recent fortunes likely came as a result of Toyota’s misfortunes. Once considered a rock solid operation Toyota has been dogged by recalls and a rash of bad public relations moves which have caused once loyal customers to look at competing brands. Over the past few years Ford has made it known that its quality is on par with Toyota and Honda, with Consumer Reports supporting that notion.

How did Ford get to where it is today? Credit Alan Mulally the former head of Boeing Corp. with fixing Ford. Mulally shepherded Boeing through tough times enabling the aircraft manufacturer to fight back against Airbus, the European jet consortium. Upon leaving Boeing in 2006, Mulally was named President and CEO of the Ford Motor Company. One of his first moves was to mortgage nearly all of Ford’s assets, a move which netted the cash strapped automaker nearly $24 billion and the time it needed to introduce new products to the market.

Ford Refocused

Over the succeeding years Mulally refocused Ford, selling off three of its premium brands–Aston Martin, Jaguar and Land Rover–while working to revive Lincoln and bolster Ford. Volvo is in the process of being sold while Mercury will likely be fixed in the coming years. The automaker’s “One Ford” approach is its most significant change, as the automaker introduces models which will be sold globally instead of mostly regionally as had been the previous expensive practice.

Ford was turned down for a federal government loan in late 2008, likely the best thing that has happened to the automaker since Mulally took over.

GM Scrutinized

Every GM move is constantly being called into question with the company announcing just last week that it would re-institute the franchises of 661 dealers whose contracts had previously been terminated. Congressional pressure forced GM to reconsider, a distraction Ford doesn’t have, allowing the Blue Oval to make decisions without worrying about what someone in Washington or Ottawa thinks.

Of course, that comes without government intervention, a glaring difference between Ford and GM, pitting a privately run enterprise against a government backed entity.

Adv. — Are you considering buying a car this year? If so, you may do best by finding your own auto loan before you shop for a car. Please visit SayLending.com to explore your auto financing options.

Photo Credit: Ford Motor Company


Tags: , , , , , , , , , ,

Ford Wins Car & Truck of the Year Awards

January 12th, 2010 by Matthew C. Keegan | 1 Comment | Filed in Autos Express

The 2010 North American International Auto Show (NAIAS) press days are afoot, but moments before its official start on Monday, the winners of the 2010 North American Car and Truck of the Year (NACOTY) awards were announced.

Ford Sweeps Awards

For only the third time in the history of the awards, one manufacturer managed to sweep both categories, with the Ford Transit Connect named best truck while the Ford Fusion Hybrid was named best car.

A jury of 49 veteran automotive journalists was tabbed to narrow the original list of 16 cars and 10 trucks to 3 finalists in each category. To be eligible, vehicles had to be “all-new” or “substantially changed” from the previous model. This year the jury considered more than 50 vehicles before whittling their list.

2010 North American Truck of the Year Award Winner

Transit Connect Surprises

The Ford Transit Connect was the biggest surprise given that the truck, which is actually a panel van, has been sold in the European market for eight years before appearing stateside in summer 2009. Built in Turkey, Ford brought the Transit Connect over in order to fill an important gap in its line up and to advance its One Ford plan. Though not new to the rest of the world, the Transit Connect is new to North America hence its entry and subsequent award.

One Ford, by the way, explains Ford’s quest to unify its global small vehicle line up across all markets by offering the same vehicles everywhere. The Transit Connect is the first in what Ford says will be six small vehicles designed in Europe and being sold in the US and Canada. Most of these vehicles will eventually be built in factories located in Mexico, Canada, and the United States.

2010 North American Car of the Year Award Winner

Best Car Again

The Ford Fusion Hybrid was no surprise as it was long considered to be a strong finalist given that it had already won numerous other awards already. The gas-electric hybrid, a midsize sedan seating five passengers, returns 41 mpg city and 36 mpg highway. Those fuel economy numbers put it at the top in its segment, indeed making it one of the most fuel efficient cars sold in North America.

What does this mean for the average consumer? Not much other than to demonstrate that select models sold by traditional American manufacturers can still receive critical acclaim. And with the Ford Motor Company the only one of the three US car manufacturers not taking a government bail out, underscores that Ford is apparently on the right path.

Photo Credits: Ford Motor Company


Tags: , , , , ,

Will Ford and Chevy Squeeze Toyota?

December 15th, 2009 by Matthew C. Keegan | 2 Comments | Filed in Autos Express
2010 Ford Fusion Hybrid

2010 Ford Fusion Hybrid

Now that everyone realizes that Toyota is peopled by mere mortals, the top selling car brand in the United States may soon be relinquishing that position.

Through 2006, Ford dominated the US market by finishing first 19 out of 20 years, but was pushed out by Chevrolet and Toyota who finished 1-2 in 2007. In 2008, Toyota and Chevrolet switched positions, but for 2009 Ford is expected to finish ahead of Chevrolet and close the gap with Toyota.

Will Toyota Slide?

When 2010 is said and done, both Ford and Chevrolet could zoom past Toyota although the prospects for Ford moving ahead appear to be much brighter than Chevy. Still, with the all new compact Cruze set to hit showrooms next summer, Chevrolet will have a strong model to go up against the likes of the Toyota Corolla and Honda Civic and will beat the all new Ford Focus to the market. Ford’s Fiesta will give it an important boost in the subcompact market, targeting the Toyota Yaris and Honda Fit in the process.

America’s auto industry has been in retreat for decades with Chrysler falling the furthest behind. Quality issues, an unbalanced product mix, and buyer preference for better priced/valued foreign makes have furthered that decline.

But the fortunes of each automaker have turned over the past 12-18 months. Bad publicity has followed Toyota in spades this year due to several high profile product recalls and consumer investigations of various Lexus and Toyota models. Those events followed an important decision made by Consumer Reports in 2007 to stop automatically recommending Toyotas after finding that reliability had slipped.

GM Resurgence

On the surface, GM appears to be floundering having dumped two CEOs within the same year, with a $60 billion federal structured bankruptcy reordering between these two events. Saturn and Pontiac are being closed down, a deal finalizing the sale of Hummer is just weeks away, and Saab may be sold off I pieces. The Opel debacle may prove to be a bold about face as GM’s board asserts its authority and declares the brand essential to its ongoing global product development and market position.

And then there is the Chevy Cruze, likely to become the single most important car sold by GM ever. Yes, you heard it from me: across its many brands including GM Daewoo, Opel, Vauxhall, Holden and Chevrolet the Cruze and its related models will easily account for the top model in the GM fleet no matter whether it is called the Daewoo Lacetti Premiere, Opel Astra, Holden Cruze, or some other name. This is GM’s first true global car, a model that will be sold wherever GM models are sold in the world. Importantly, the quality, engineering, technology, and price will be a huge factor, something already apparent as the car is introduced market by market.

Ford Emergence

Ford has proven that its cars meet the same quality levels enjoyed by Toyota and Honda, something that isn’t be lost on consumers as they shop for a new car. The Fusion is siphoning sales in the midsize segment, while the Fiesta and later the all new Focus will give the automaker a stronger presence at the lower end of the market.

Hocking the company’s assets before the recession began in late 2007 has made Alan Mulally a hero in for Ford. The decision to bring up to six European models to the US market also refocused the automaker, expanding Ford’s strength globally.

Approaching Hoofbeats

Though 2010 may do much to propel Ford and Chevrolet, from 2011 and beyond we may see Volkswagen and Hyundai move up the ranks too, perhaps surpassing Chrysler followed by Nissan a few years later.

Few customers really care about who is first, second, third, etc., but there is one reason to be glad that the automakers are duking things out: everyone is working harder to bring better built, higher valued, and more technologically advanced cars to the market. While prices will continue to go up, stiff competition will ensure for many years that the cream of the crop are the vehicles most likely to give buyers years of driving satisfaction.

See Also: Toyota’s No. 1 — but Ford’s on the muscle

Adv. – If you’re planning to buy a new car, a thorough study of the IIHS results can ensure that the vehicle you buy is a safe one. As you do your research you’ll want to get a quote or find a dealer to set up a test drive. Importantly, arranging your own auto financing can save you hundreds of dollars, allowing you to take the manufacturer’s rebate instead of their low-rate financing.

Photo Source: Ford Motor Company


Tags: , , , , ,