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Ford CEO Farley, CFO Lawler to Describe Ford+ Growth Plan, Execution Priorities at Feb. 15 Wolfe Global Auto Conference
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Rhea-AI Summary
Ford Motor Company (NYSE:F) will showcase its customer-focused growth strategy during a fireside chat at the Wolfe Research Global Auto Conference on February 15, 2023. CEO Jim Farley and CFO John Lawler will discuss the Ford+ growth plan, focusing on enhancing operational quality and cost reduction. The company has introduced three segments: Ford Blue for gas-powered vehicles, Ford Model e for electric vehicles and software, and Ford Pro for commercial solutions. Ford aims for transparency in financial reporting, with key metrics to be shared on March 23 and Capital Markets Day on May 22, including targets for an 8% EBIT margin in the Model e segment.
Positive
Launch of Ford+ growth plan centered on customer focus.
Creation of three distinct business segments to streamline operations and improve service.
Commitment to transparency in financial reporting and performance metrics.
Negative
None.
DEARBORN, Mich.--(BUSINESS WIRE)--
Ford President and Chief Executive Officer Jim Farley and Chief Financial Officer John Lawler will discuss the company’s ambitious, customer-focused plan to grow and create value – and the double transformation bringing it to life – at an upcoming fireside chat with auto analyst Rod Lache.
The session at the Wolfe Research Global Auto, Auto Tech, and Auto Consumer Conference 2023 in New York City will take place Wednesday, Feb. 15, at 8:55 a.m. EST.
Farley and Lawler will answer questions about the Ford+ growth plan; how the company is overhauling its operations to improve quality and reduce costs; and its significant opportunities to expand capabilities and generate returns from software-enabled gas-powered and electric vehicles, along with value-added services.
To accelerate this transformation, Ford has created three distinct, customer-focused business segments: Ford Blue for iconic internal-combustion and hybrid vehicles, Ford Model e for breakthrough software and EVs, and Ford Pro for products and services that help commercial customers make over and grow their businesses.
The company will report its financial results accordingly with great transparency to the strategic progress of each segment. Ford will host a teach-in on the new segment reporting on Thursday, March 23, at the New York Stock Exchange. Later, at the company’s next Capital Markets Day on Monday, May 22, at its headquarters in Dearborn, Ford will provide key performance indicators and financial targets, including the path to an 8% EBIT margin in Model e.
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough EVs along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford is pursuing mobility solutions through Ford Next, and provides financial services through Ford Motor Credit Company. Ford employs about 173,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
Equity Investment
Community
Lynn Antipas Tyson 1.914.485.1150
ltyson4@ford.com
Fixed-Income
Investment Community
Jessica Vila-Goulding 1.313.248.3896
jvila5@ford.com
Shareholder
Inquiries
1.800.555.5259 or
1.313.845.8540
stockinf@ford.com
Source: Ford Motor Company
FAQ
What is Ford's growth strategy discussed in the February 2023 fireside chat?
Ford's growth strategy, known as the Ford+ plan, focuses on customer-centric growth, improving quality, reducing costs, and expanding capabilities in software-enabled vehicles.
When will Ford discuss its financial results for the new business segments?
Ford will report its financial results for its new business segments during a teach-in on March 23, 2023.
What are the new business segments created by Ford?
The new business segments created by Ford are Ford Blue for internal combustion vehicles, Ford Model e for electric vehicles and software, and Ford Pro for commercial solutions.
What is Ford's EBIT margin target for the Model e segment?
Ford has set a target of achieving an 8% EBIT margin for the Model e segment.
When is Ford's Capital Markets Day?
Ford's Capital Markets Day is scheduled for May 22, 2023.
