Ford

Roy Brown Jr.: He Was ‘Mr. Edsel’

Posted on 03/6/2013 by | Who's News | Comments

Bulletin Today | LegacyAutomotive designer Roy Brown Jr., who died on Feb. 24 at age 96 in Ann Arbor, Mich., had a long and mostly successful career for Ford, but he’s best remembered for one spectacular miscalculation. The Ford Edsel, which lasted just three model years — 1958, 1959 and 1960 — was a moderately priced status car, aimed at upwardly mobile young families who weren’t yet ready for a Lincoln Continental. Instead, it became one of the most infamous automotive flops ever, earning a …

GM, Ford Offer Lump-Sum Buyouts to Retirees on Pensions

Posted on 06/1/2012 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkImagine you retired from a company with a pension, and now the terms of that steady monthly income you so happily relied on are being reopened. If that scenario makes you a  bit queasy, that’s how some 150,000 retirees may be feeling these days. General Motors announced Friday that it will offer about 42,000 U.S. retirees and surviving beneficiaries (about 36 percent of all its pensioners) lump-sum payments in return for giving up all rights to their monthly pensions. About …