Ford Mtr Co Del Stock Price, News & Analysis

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.

The all-new Ford Mustang Dark Horse is a groundbreaking performance vehicle, introducing the most powerful 5.0-liter V8 in the Mustang series with 500 horsepower. It showcases enhanced aerodynamics and advanced handling capabilities, making it the most track-capable street-legal Mustang ever. This marks the first new performance name since 2001, accompanied by dedicated racing models, Dark Horse S and R, aimed at motorsport enthusiasts. The Mustang Dark Horse blends exceptional styling with performance, reinforcing Ford's commitment to delivering thrilling sports cars.

The all-new, seventh-generation Ford Mustang was unveiled, showcasing a thrilling driving experience with advanced technology and performance enhancements. It includes two new engines: a turbocharged 2.3-liter EcoBoost and a powerful 5.0-liter V8, alongside features such as a fighter jet-inspired digital cockpit and customizable displays.

Ford plans to invest $50 billion in electric vehicles by 2026 while enhancing ICE growth. The new Mustang retains the brand's iconic appeal with modern aesthetics and advanced driver assistance technologies, set for launch in summer 2023.

Ford Motor Company (NYSE: F) announced its U.S. sales results for August 2022, revealing significant metrics impacting its market performance. The company aims to enhance customer loyalty and build a better world through its Ford+ growth plan. Ford continues to develop innovative vehicles and establish leadership in mobility solutions, including self-driving technology. With around 182,000 employees worldwide, Ford is well-positioned in the automotive industry. More details can be found in their full press release linked in the announcement.

Duke Energy is launching a pilot program in Florida to explore the use of Ford F-150 Lightning electric trucks as a grid resource. The program will test vehicle-to-grid (V2G) capabilities, allowing the trucks to supply power to homes and the grid during outages and peak demand periods. This initiative includes adding five trucks to Duke's fleet for extensive research on their battery performance and integration with solar energy systems. Duke aims to benefit customers and enhance the grid's efficiency while supporting its goals for clean energy transition by 2030 and net-zero carbon emissions by 2050.

Duke Energy has partnered with Ford to launch a demand response pilot program in North Carolina, leveraging the Ford F-150 Lightning's batteries to enhance the electric grid's reliability. Scheduled for 2023, the program will incentivize up to 100 participants by reducing lease payments for eligible EVs. Customers will allow their vehicles to return energy to the grid during peak times, thereby supporting energy balance. This initiative aims to promote a sustainable grid and is part of Duke Energy's broader goal of achieving net-zero emissions by 2050.

The CEOs of GlobalFoundries (GFS), Applied Materials (AMAT), and Ford (F) will co-host a summit with government officials to foster partnerships following the CHIPS and Science Act's passage. This act aims to enhance U.S. semiconductor manufacturing, addressing supply chain challenges and supporting economic and national security. Key leaders like Brian Deese and Dr. William LaPlante will engage in discussions on optimizing semiconductor production and promoting transportation electrification. The summit, held on August 8, 2022, underscores a commitment to domestic manufacturing and innovation.

Ford Motor Company (NYSE: F) reported its July 2022 U.S. sales results today. The company continues to demonstrate its commitment to building a better world through innovative mobility solutions and customer relationships as part of its Ford+ growth plan. Additional details, including comprehensive sales figures, can be accessed through Ford's media portal.