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Bill Ford augments his power by nearly doubling stake of supervoting shares

Bill Ford Jr. has more sway than ever over the automaker that bears his surname, as the great-grandson of Ford's founder has reportedly doubled is holdings of Class B Ford stock. According to a report from Reuters (which cites a newly discovered securities filing), he acquired some 3.7 million Class B shares from an unnamed family member.
Class B shares of Ford stock are held by descendants of Henry Ford and offer expanded voting power to their holders - Bill Ford Jr. now controls roughly 11.5 percent of the total Class B pool. Ford Jr. is also a one of five trustees that manage a voting trust that oversees the majority of these "supervoting" shares. In total, Reuters reports there are 71 million Class B shares that account for 40 percent of the voting power in the company, despite making up just 2 percent of the total volume of all Ford stock.
Ford Jr. served as Ford's CEO until 2006, when he stepped down to hire and make space for current CEO, Alan Mulally. The move to consolidate Ford family voting power, at least somewhat, is seen by many as a comforting sign with Mulally's departure from the company likely to happen in the next several years.

Ford to spread all-wheel drive across performance range

Car and Driver took a closer look at the all-wheel-drive system in the Focus RS, Ford reps having made "broad hints" about it being applied to other performance vehicles. One spokesperson even said that he "can see this as one of those technologies of the future." That would make sense because, as C/D notes, it couldn't have been an inexpensive job to engineer the torque-vectoring unit for the Focus – one that can send 70 percent of torque to the rear wheels, and send 100 percent of that portion to either wheel if needed. C/D also clues into the system's close similarity to the AWD unit in the recently updated Range Rover Evoque, which is manufactured by Sweden's GKN Driveline. In the Evoque, torque vectoring is brake based and two electronically controlled clutches turn the Range into a front-wheel-drive crossover under 22 miles per hour. Ford wouldn't comment on the GKN Driveline connection, or even if there is one. No matter where it might come from, more performance Fords are good for every enthusiast, and we do not look an AWD, torque-vectoring gift horse in the mouth. Featured Gallery 2016 Ford Focus RS News Source: Car and Driver Ford Technology Hatchback Performance

William Clay Ford Sr. dead at 88

William Clay Ford, retired vice chairman of Ford Motor Company and the last surviving grandchild of company founder Henry Ford, died this morning after a bout with pneumonia. He was 88.
Ford spent 57 years with his grandfather's company, joining the board of directors in 1948 before graduating from college. Ford also held a position as chairman of the design committee, as well as the chairman of the executive committee and vice chairman of the Board of Directors during his tenure with the company. In a 2013 Detroit Free Press story, retired CFO Allan Gilmour said Ford had an eye for design, and was once able to pick out when a fiberglass model of a Ford Contour was asymmetrical, off by an inch on one side. He retired and assumed the position of director emeritus in 2005.
"My father was a great business leader and humanitarian who dedicated his life to the company and the community," said Bill Ford, Jr., Ford's current executive chairman. "He also was a wonderful family man, a loving husband, father, grandfather and great-grandfather. He will be greatly missed by everyone who knew him, yet he will continue to inspire us all."