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OEM News

Monday, 12 January 2009 12:00

Ford 2010 Fusion mpg earns top marks

Figures said to beat comparable Toyota, Honda

The 2010 Ford Fusion S, which is Ford Motor Co.'s entry trim level for the midsize car, beats Toyota and Honda's comparable models on fuel economy, Ford Motor Co. said Jan 9.

Just weeks after announcing that its hybrid Fusion beats the Toyota Camry hybrid on fuel-efficiency, Ford said its four-cylinder Ford Fusion S has been certified by the U.S. Environmental Protection Agency at 34 m.p.g. on the highway and 23 m.p.g. in the city.

In declining a federal bailout, CEO Alan Mulally gambled that cash—and new models such as the Fusion Hybrid—can help Ford outlast its rivals

The company has yet to report fourth-quarter results, but FORD CEO Mulally's remark suggests the company's monthly cash burn narrowed to $1.3 billion in the fourth quarter compared with $2.5 billion per month in the previous three months.

A new analysis by Consumer Reports magazine shows that two of Detroit's automakers -- Ford Motor Co. and General Motors Corp. -- are making "real progress" against foreign rivals while Chrysler LLC continues to lag behind the rest of the industry.

Hyundai will cover the depreciation on any returned leased or financed vehicle for the first 12 months to those who find themselves unable to make their car payments.

The U.S. Treasury said Monday it will grant General Motors Corp. a second loan totaling $5.4 billion on Jan. 16 as part of the $13.4-billion rescue of the ailing automaker.

Market likely to stay rough for at least first half of year

The historic collapse of the new-car market dragged on in December, raising questions of whether the auto industry will ever again have sales levels that it took for granted just a few years ago.