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FORD CUSTOMERS IN CANADA BENEFIT FROM HIGHER RESALE VALUES

  • Ford's dramatic gains in quality are contributing to a 28 per cent improvement in resale values of Ford vehicles with two-to-five years on the road.
  • Over the last 18 months, Ford of Canada's used car values have increased by an average of $2,196 per vehicle -- more than double the industry average over the same period.

OAKVILLE, Ont., June 25, 2010 - The resale value of newer Ford vehicles in Canada rose 28 per cent during the past 18 months, the result of stronger demand for Ford's new vehicle lineup and improved quality and durability ratings, according to the RVI Used Car Price Index.
Ford vehicles with two-to-five years on the road are fetching higher resale values at auction in the last 18 months compared to the same period the previous year. That translates to an average increase of $2,196 per Ford vehicle.

Rising resale values means more money in customers' pockets when it is time to sell or trade in for a new vehicle. Combine these savings with lower repair and maintenance costs and better fuel economy, and the cost to own a Ford product drops dramatically over the life of the vehicle.

Strong retail performance, in both transaction price and sales of a new product, serves as an early indicator of that product's future resale value. When combined with Ford's industry-leading quality rankings, these factors help Ford vehicles hold their value.

Also fueling Ford's improved resale value is the company's strong vehicle lineup that includes many new and redesigned cars and trucks. Ford of Canada's sales were up 25% per cent for the first five months of this year compared to the same period in 2009.

"Customers are rewarding us for our strong new product lineup that delivers leading quality, fuel efficiency, safety and smart technology," said David Mondragon, president and CEO, Ford Motor Company of Canada, Limited. "The focus on quality is translating to stronger resale values, making our products an even better investment for consumers."

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2011 Ford Fiesta

The 2011 Ford Fiesta is a small car that knows how to make a big splash. The new Ford Fiesta will deliver great looks, top fuel economy of any vehicle in its segment and much more when it goes on sale in North America next year. The 2011 Fiesta - available in four- and five-door body styles -will set a new small car benchmark for safety, connectivity and powertrain technology.

In fact, Fiesta will offer North American buyers a stylish new choice of 15 class-exclusive technologies and projected highway fuel economy of 40 mpg, besting the Honda Fit, Nissan Versa and Toyota Yaris and Corolla.

The North American version of the car was introduced at the LA Auto Show on December2, 2009, and we caught up with Steve Pintar, Chief Engineer for the Fiesta, at the show. He gave us an overview of the new Fiesta. Click on the video below to see and hear what Steve had to say.

Fiesta is the next milestone under the ONE Ford plan to design and develop vehicles that meet the differing needs, wants and expectations of customers around the world. More than 500,000 Fiestas have already sold to customers in Europe and Asia.

In case you missed the reveal of the 2011 Fiesta at the LA Auto Show, you can join us via video for an insider's look at the media-only event.

When developing the new Fiesta, Ford conducted extensive global customer research. Findings clearly indicated the need for style topped the list of customer desires everywhere in the world. In Europe, across North America and in the Asia Pacific region, customers are looking for a distinctively designed small car that offers world-class quality, convenience, comfort and connectivity.

"Fiesta was developed with customers, not just for them," said Derrick Kuzak, group vice president for global product development. "Fuel economy, spirited performance and efficient use of space are universal desires, across global markets - and Fiesta delivers."

The anticipated new Ford Fiesta arrives in North America with strong consumer awareness, thanks to the Fiesta Movement program. With 100 social media mavens chronicling their experiences of driving European market Fiestas on American roads, Fiesta has generated more than 675,000 Flickr views and more than 5.5 million YouTube video views.

Fiesta's flowing sculpted hood covers a 1.6-liter DOHC I-4 engine with an estimated 119 horsepower and 109 ft.-lbs. of torque. Spirited performance and fuel-efficient economy are signature attributes with the Fiesta expected to deliver best-in-class fuel economy at 40 mpg. Fiesta's advanced 1.6-liter engine features Twin Independent Variable Camshaft Timing (Ti-VCT) allowing the engine to be downsized for fuel economy while continuously optimizing camshaft phasing for throttle response, performance and flexibility. An available all-new North American industry-exclusive PowerShift six-speed automatic transmission combines the responsive performance and fuel economy of a manual transmission with the convenience of a traditional automatic in one advanced, dual dry-clutch package.

Fiesta safety is enhanced by an array of features including dual-stage first-row air bags, a class-exclusive driver's knee air bag, side air bags and side curtain air bags. AdvanceTrac® with ESC (Electronic Stability Control) is standard on Fiesta, along with seat belt pretensioners, rear door child safety locks and a Safety Canopy® system.

From class-exclusive automatic climate control to a standard aux input, Fiesta offers customers a number of standard and available features that increase convenience and add connectivity. Among them is Ford SYNC®, integrating a driver's mobile phone with Fiesta's onboard, voice- activated communications and entertainment system. Fiesta also offers keyless entry and push button start, a feature unique within the segment. Drivers of all sizes can adjust the tilt-and-telescoping steering wheel to suit their individual preferences. Reflecting Fiesta's versatility and adaptability, adjustable cup holders can accommodate Red Bull cans and Big Gulps along with every container size in between. Fiesta also features Ford's EasyFuel® Capless Fuel-Filler System, a North American industry- exclusive, as standard equipment.

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New Ford Engies

DEARBORN, Mich., Dec. 9, 2009 - New Ford engines are powering the company to new heights, and Ward's AutoWorld is taking notice. The Ford Taurus SHO's 3.5-liter EcoBoost V-6, and the Fusion Hybrid's 2.5-liter hybrid four-cylinder engines, both offering best-in-class fuel economy, have been named to the Ward's 2010 "10 Best Engines" honoree list.

The 10 Best Engines list marks North America's only awards program honoring powertrain excellence and is designed to reflect the diversity of powertrains that will play a role in reshaping America's automotive landscape.

"Earning a spot on the Ward's list for one engine, let alone two, is an exceptional honor," said Derrick Kuzak, group vice president, Global Product Development. "Our EcoBoost and hybrid engines deliver on our promise of class-leading fuel economy with uncompromised power and performance. We're pleased that Ward's has recognized both."

The EcoBoost V-6 engine won in its first year of eligibility; Ford's hybrid engine was recognized last year as well, and earned a spot again with the latest generation improvements in the 2010 Fusion Hybrid.

"Kudos to Ford for giving buyers two significant new powertrain choices this year - a powerful and versatile V-6 and an affordable hybrid that ranks among the world's best," said Tom Murphy, executive editor, Ward's AutoWorld.

The 3.5-liter EcoBoost twin-turbocharged V-6 is the heart of the 2010 Taurus SHO. This advanced powerplant generates 365 horsepower at 5,500 rpm and 350 ft.-lb. of torque across a broad range from 1,500 to 5,250 rpm, resulting in significantly improved power, torque and fuel economy compared with larger, normally aspirated engines.

A key feature of this EcoBoost engine is gasoline direct injection. The direct injection of fuel into the cylinder during the intake stroke, as opposed to port-style injection into the intake, produces a well-mixed air-fuel charge. Fuel vaporization during the intake stroke cools the incoming air, improving volumetric efficiency and lowering the likelihood of knock.

The results are improved throttle response, reduced cold-start emissions and improved fuel economy. The cooled charge enables an increased compression ratio, improving efficiency at partial load, while the higher compression ratio allows for better volumetric efficiency under full-load engine behavior. Customers experience normally aspirated V-8 power, without compromising V-6 fuel economy.

The award-winning EcoBoost V-6 is also available in the 2010 Ford Flex, Lincoln MKT, and MKS. Next year, Ford will introduce the first global applications of EcoBoost with four-cylinder engines in displacement sizes of 1.6-liters and 2.0-liters. As EcoBoost forms the cornerstone of Ford's commitment to deliver best-in-class fuel economy, the technology will quickly migrate across the global line-up of cars and trucks being available on over 90-percent of global nameplates by 2013.

Another win for Ford's hybrid technology
Last year, Ward's judges also selected the new 2.5-liter hybrid four-cylinder engine introduced in the 2009 Ford Escape and Mercury Mariner Hybrids to their 10 Best Engines list. This year, the all-new 2010 Ford Fusion Hybrid received the honor, due to the further improvements of Ford's hybrid technology.

"That hybrid technology is recognized two years in a row underscores the importance of continuously working to improve this technology," said Kuzak. "We're continuously working to keep up with the demands of today's consumers."

The 2010 Ford Fusion Hybrid can operate longer at higher speeds in pure electric mode. The Fusion Hybrid can operate up to 47 mph in pure electric mode, approximately twice as fast as some competitors. It also has an EPA-estimated 41 mpg rating in the city, earning it the title of America's most fuel-efficient midsize car.

About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 200,000 employees and about 90 plants worldwide, the company's automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.

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News and Events

FORD CUSTOMERS IN CANADA BENEFIT FROM HIGHER RESALE VALUES
Ford's dramatic gains in quality are contributing to a 28 per cent improvement in resale values of ...
2011 Ford Fiesta
The 2011 Ford Fiesta is a small car that knows how to make a big splash. The new Ford Fiesta will deliver ...
New Ford Engies
DEARBORN, Mich., Dec. 9, 2009 - New Ford engines are powering the company to new heights, and Ward's ...