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Ford paying $750 million just to close plant in Belgium

According to a report from Reuters, Ford is shelling out $750 million in a severance deal that will see the automaker close its facility in Genk, Belgium. The automaker reached this deal with the 4,000 hourly workers employed at the plant last week, which means the company will pay out an average of $187,500 per worker.
Ford is still negotiating with the 300 salaried workers at the factory, which currently produces the Mondeo sedan. All told, Ford expects to lose around $2 billion in Europe thanks in no small part to the region's ongoing economic downturn, and two more plants are scheduled to be shut down in Europe this year. The company will log its $750 million payout under "special items" for this quarter.
As you may recall, Ford took a similar path in the US back in 2009 when the domestic market took a spill. Back then, the company shelled out around $50,000 per employee with at least one year of experience, plus either $25,000 toward a new car or an extra cash payment of $20,000. It would seem the cost of closing plants in Belgium is a much harder pill to swallow than in the States...

Ford Mustang GT350 drops some camo

Now that we've poured over the 2015 Ford Mustang in its standard form, it's time to look ahead. We already knew (and heard - literally) that Ford was working on a higher-performance version of its 'Stang to replace the Shelby GT500, and earlier reports have stated that it will simply be called the GT350.
We don't have a ton of detail to go on, but this latest set of spy photos clearly shows a hood-mounted air scoop, which suggests a forced-induction powerplant is under the hood. However, this disagrees with earlier reports that the GT350 will be all motor, using a naturally aspirated engine to send massive horsepower to the rear wheels. Our spies also point out the functional vent aft of the front wheels to allow for better airflow, and the massive quad exhaust pipes can be seen, clear as day.
Expect to see the Mustang GT350 in April, when it debuts at the New York Auto Show in conjunction with the Pony's 50th anniversary. In the meantime, have a look at our gallery above to see the latest shots of the hot Mustang out testing.

Lincoln trumpets $129M investment, 300 new jobs in Louisville for MKC

Remember when we used to talk about how close Lincoln was to being axed and how it seemed any day now the Grim Reaper would use it as a car service back to the grave? Last time we did it was, oh, not even a month ago. What a difference 27 days makes: Ford and Lincoln are trumpeting a $129M investment in the Louisville Assembly Plant that builds the MKC.
In July the MKC was the third-best-selling Lincoln of the brand's six offerings, beat by the MKZ and - by a much smaller margin - the MKX. It has sold 2,895 units in the two months it's been on sale, which is more than half the year-to-date sales of the MKS, MKT and Navigator. It's already important, is what we're trying to say, and this is before the Chinese market gets a crack at it later this year.
The money headed to Kentucky will be joined by 300 new workers, another marker in Ford's march to create 12,000 hourly jobs in the US by next year. You can read more about it in the press release below.