Welcome to our dedicated page for Ford Motor Company news (Ticker: F), a resource for investors and traders seeking the latest updates and insights on Ford Motor Company stock.
Ford Motor Company (NYSE: F) is a global leader in the automotive industry, headquartered in Dearborn, Michigan. With a robust workforce of approximately 177,000 employees and 67 plants worldwide, Ford operates across six continents. The company manufactures and distributes a diverse range of automotive products under its flagship brands, Ford and Lincoln. Besides its automotive ventures, Ford provides extensive financial services through the Ford Motor Credit Company.
Ford’s operations are segmented into distinct business units to streamline its focus and innovation. In March 2022, the company introduced Ford Blue and Ford Model e as separate entities under the main Ford Motor umbrella. Ford Blue is dedicated to the development of combustion engine vehicles, while Ford Model e focuses on the creation of electric vehicles (EVs) and pioneering software solutions.
As of 2023, Ford holds a substantial market presence with nearly 13% market share in the United States, about 11% in the United Kingdom, and under 2% in China, including unconsolidated affiliates. Sales in the U.S. represent around 66% of Ford's total revenue for the year.
Recent achievements include the integration of the Webex app by Cisco into the all-new Ford and Lincoln Digital Experience, revolutionizing business mobility with seamless connectivity and immersive meeting experiences. This collaboration enables users to work from anywhere with advanced features such as AI background noise removal, further integrated into the vehicle’s native infotainment system.
In another notable development, Ford acquired the naming rights for the ultra-luxury Ford Amphitheater in Colorado Springs. This venue, slated for a grand opening in August 2024, reflects Ford's commitment to enhancing brand visibility through premium venue signage and exclusive event partnerships.
Ford’s strategic Ford+ plan for growth emphasizes maximizing existing strengths, integrating new capabilities, and maintaining continuous customer engagement. The company’s product lineup includes iconic Ford trucks, SUVs, commercial vans, and Lincoln luxury vehicles, along with cutting-edge connected services. Ford Blue leads in engineering traditional gas-powered vehicles, Ford Model e spearheads breakthrough EVs, and Ford Pro focuses on expanding the reach of commercial vehicles and services.
For more detailed information on Ford Motor Company's broad spectrum of products and services, please visit their official website at corporate.ford.com.
The 2023 Ford F-150 Lightning Pro Special Service Vehicle is the first electric pickup designed for police use, merging efficiency with law enforcement capabilities. It features police-grade interiors and advanced electric powertrain benefits, aimed at reducing operational costs. Ford Pro facilitates the transition to electric vehicles for police departments, with access to charging solutions and flexible financing. The vehicle offers impressive performance metrics, including fast acceleration and significant towing capacity, enhancing the productivity and sustainability of police fleets.
Ford Motor Company (NYSE:F) reported its second quarter financial results for 2022. Details on revenue, profit margins, and specific metrics were not disclosed in the release. The earnings call scheduled for 5:00 p.m. ET will feature CEO Jim Farley and CFO John Lawler, among other executives. Ford's ongoing commitment to innovation and mobility solutions, including self-driving technology and financial services through Ford Motor Credit, were highlighted as part of its Ford+ growth strategy, aimed at enriching customer experiences.
Ford Pro CEO Ted Cannis will discuss the company's growth and value creation at the J.P. Morgan Automotive Conference on August 10 at 9:30 a.m. ET. The presentation will highlight Ford Pro's leadership in the electric commercial van sector, capturing 95% of the U.S. market. Cannis will also address the rising demand for Ford Pro's connected vehicles and software services, which have shown consistent global subscription growth. This event aims to enhance investor understanding of Ford Pro's strategy and its impact on the commercial vehicle market.
Ford Credit CFO Brian Schaaf will speak at a fireside chat led by credit analyst Avi Steiner during the J.P. Morgan Automotive Conference on August 9 at 8:50 a.m. ET. The discussion will cover Ford Credit’s financial results, funding, liquidity, and portfolio performance. Interested parties can view the event online.
On July 26, 2022, BetterInvesting Magazine announced Church & Dwight Co. Inc. (NYSE: CHD) as its "Stock to Study" and Ford Motor Co. (NYSE: F) as the "Undervalued Stock" for October 2022. Ken Zendel, CEO of NAIC, emphasized that investor education is crucial during market turbulence. The committee urges investors to conduct their own research and use BetterInvesting's tools to assess stocks. BetterInvesting, a nonprofit organization, has been aiding investors since 1951, offering resources to enhance financial literacy.
ioneer Ltd has signed a binding offtake agreement with Ford Motor Company to supply 7,000 tonnes per annum of lithium carbonate from its Rhyolite Ridge Lithium-Boron Project in Nevada. This 5-year agreement, starting in 2025, represents approximately 34% of ioneer's annual lithium carbonate production. With this strategic partnership, ioneer aims to support the U.S. electric vehicle supply chain through its environmentally sustainable lithium production, thereby creating jobs and enhancing energy independence.
Compass Minerals (NYSE: CMP) has signed a non-binding memorandum of understanding (MOU) with Ford Motor Company (NYSE: F) to explore supplying battery-grade lithium from its Ogden, Utah facility. This collaboration is expected to secure a substantial portion of Compass' lithium production beginning in 2025, contributing to an anticipated annual capacity of 30 kMT to 40 kMT of lithium carbonate equivalent. The MOU follows a similar agreement with LG Energy Solution, marking a significant step in supporting North America's electric vehicle market.
Ford has secured 60 GWh of annual battery capacity to achieve a global run rate of 600,000 EVs by late 2023. The company plans to introduce lithium iron phosphate batteries for Mustang Mach-Es and F-150 Lightnings in North America. Ford aims for over 2 million EVs annually by 2026, having sourced 70% of required battery capacity. With a projected 90% CAGR for EVs through 2026, Ford's commitment includes $50 billion investment in EVs and a focus on sustainability, aiming for carbon neutrality by 2050.
Ford Motor Company, based in Dearborn, Mich., will update its Ford+ plan aimed at leading the electric vehicle (EV) revolution on Thursday, July 21, at 8:00 a.m. ET. Key executives will outline plans to increase global EV production to a run rate of 600,000 vehicles, escalating to over 2 million EVs annually by 2026. The event will include a live conference call and a Q&A session. Investors and media can participate via a toll-free number or through a webcast.
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