Ford Motor Company - F STOCK NEWS

Ford Motor Company announced the retirement of three senior leaders, Joy Falotico, Stuart Rowley, and Steven Armstrong, who have each spent over three decades with the company. Falotico will be succeeded by Dianne Craig, enhancing the leadership of the Lincoln brand. Jim Baumbick will now oversee quality improvements across product development. These changes emphasize Ford's commitment to delivering world-class quality and reliability. The transitions are set to take effect on December 1, 2022, and January 1, 2023, reflecting a strategic approach to leadership and quality enhancement.

Ford's Model E Chief Advanced Product Development and Technology Officer Doug Field will engage in a virtual discussion at Bernstein's Electric Revolution Conference on November 7, 2022. The dialogue will highlight how the Ford+ plan enhances technology innovation and software for electric vehicle production and internal combustion engine enhancement. Field will share insights into customer interest in Ford's EVs and the BlueCruise hands-free driving system, alongside developments across Ford's software and digital services, aiming for improved customer experiences and new revenue opportunities.

Brian Schaaf will retire as CFO of Ford Motor Credit Company on Dec. 1 after 33 years with Ford. Eliane Okamura, currently director of automotive strategy, will succeed him in the role. Okamura, who joined Ford in 1995, brings extensive experience from various financial positions in Brazil and the U.S., enhancing Ford Credit as it adapts to a software-driven future. Schaaf's tenure included key leadership during challenging business conditions, as noted by CEO Marion Harris.

Ford Motor Company (NYSE:F) announced its financial results for Q3 2022, detailing key metrics affecting its business outlook. The company remains committed to its Ford+ plan focusing on growth and customer loyalty through innovation in vehicles and mobility solutions. With around 176,000 employees globally, Ford aims to establish leadership in self-driving technology and enhance its financial services through Ford Motor Credit Company. Investors are encouraged to review the earnings call for a comprehensive financial overview.

Ford Motor Company has unveiled the Atlanta Research and Innovation Center (FARIC) to bolster its digital transformation in areas like software-led connected vehicles and artificial intelligence. This center aims to attract high-tech talent, particularly from Black, Hispanic, and female backgrounds, in a bid to enhance diversity in technology careers. Furthermore, Ford will implement its City:One Challenge in Atlanta, offering $150,000 in grants to local startups focused on innovative mobility solutions. The new facility signifies Ford's commitment to evolving from an automotive to a digital products company.

Ford will discuss its third-quarter 2022 financial results and full-year expectations during a fireside chat on Oct. 27 at 1:00 p.m. ET. The chat, hosted by Bank of America's John Murphy, will feature CFO John Lawler, VP Lisa Drake, and Director of Investor Relations Lynn Antipas Tyson. Ford plans to announce its financial results on Oct. 26, focusing on progress in its Ford+ growth plan, particularly in developing connected electric vehicles.

Ford Motor Company (NYSE: F) announced its U.S. sales results for September 2022, showcasing continued efforts in expanding its market presence. Despite challenges, the company remains focused on its Ford+ growth strategy aimed at enhancing customer loyalty and developing mobility solutions. Ford's commitment to innovation is reflected in its diverse lineup, including trucks, SUVs, and luxury vehicles. With approximately 182,000 employees globally, Ford aims to enrich customer experiences while establishing leadership in self-driving technology and financial services.

Ford Motor Company is enhancing its leadership structure to accelerate its Ford+ growth plan, focusing on electric vehicle (EV) development and supply chain overhaul. Doug Field has been named Chief Advanced Product Development and Technology Officer, overseeing EV products and digital systems. Jim Baumbick will lead product development for Ford Blue. New executives from HP and Google are joining to advance connected vehicle technology. Notable retirements include Hau Thai-Tang and Dave Filipe, marking a significant transition for the company's future in the automotive landscape.

Ford forecasts third-quarter adjusted EBIT between $1.4 billion and $1.7 billion. The company expects to end Q3 with approximately 40,000 to 45,000 vehicles in inventory due to part shortages, primarily affecting high-demand trucks and SUVs. These vehicles are anticipated to be sold in Q4, impacting revenue timing. However, Q3 supply costs are projected to be ~$1.0 billion above initial plans due to inflation. Ford maintains its full-year adjusted EBIT projection of $11.5 billion to $12.5 billion.