Ford Motor Company - F STOCK NEWS

Ford Motor Company (NYSE: F) has released its June 2022 U.S. sales results, showcasing the company's performance and market trends. While specific sales figures are not mentioned, the press release emphasizes Ford's commitment to customer relationships and innovative vehicle offerings, including trucks, SUVs, and luxury vehicles under the Lincoln brand. Ford continues to focus on mobility solutions, such as self-driving technology, and aims to enhance customer loyalty through its Ford+ growth strategy.

SOCi Inc. has been appointed as the platform of record for localized marketing by Ford Motor Company (NYSE: F) and FordDirect, effective June 23, 2022. This strategic partnership has led to impressive growth metrics for Ford's dealerships, including a 240% increase in Facebook impressions and a 414% rise in engagement since utilizing SOCi's platform. SOCi's automated processes have improved the accuracy of dealer listings, achieving 99.5% claim rates on Google. The collaboration emphasizes the need for optimized localized digital marketing to enhance customer engagement amidst fierce competition.

Ford Motor Credit Company LLC announced the expiration of its cash tender offers to purchase up to $3.0 billion of nine series of outstanding notes. The expiration occurred at 5:00 p.m. New York City time on June 17, 2022. The company plans to accept all validly tendered notes from series with Acceptance Priority Levels 1-4 and 9, totaling approximately $2,958 million in principal amount. Holders of accepted notes will receive the Total Consideration and Accrued Coupon Payment. The settlement date is set for June 21, 2022.

Ford Motor Credit Company has initiated cash tender offers to repurchase up to $2.5 billion of outstanding notes across nine series. This move aims to reduce ongoing interest expenses and is indicative of the company's current liquidity level, aligning with pre-pandemic figures. The offer will expire on June 17, 2022, and interested holders can access the Offer to Purchase for additional details. The total consideration for each validly tendered note will include both the principal and accrued coupon payments.

Ford Motor Company (NYSE: F) announced its U.S. sales results for May 2022. The report outlines the company's performance in various segments, emphasizing their commitment to innovation and customer relationships through their Ford+ plan. Ford aims to enhance customer loyalty by delivering must-have vehicles and connected services while also focusing on mobility solutions like self-driving technology. For further details, the full release is accessible through the provided links.

Ford announced a $3.7 billion investment to create over 6,200 new union manufacturing jobs across Michigan, Ohio, and Missouri, which is expected to generate approximately 74,000 indirect jobs by 2026. The investment supports Ford's strategy to produce 2 million electric vehicles annually by 2026. Immediate healthcare benefits will be provided to all hourly workers, and nearly 3,000 temporary roles will be converted to permanent positions. Ford is also committing $1 billion over five years to enhance workplace conditions in U.S. facilities.

Ford's CFO, John Lawler, will discuss the company's Ford+ growth strategy at the Deutsche Bank Global Automotive Conference on June 15 at 10:15 a.m. ET. The update will focus on how the new restructuring aims to utilize Ford's strengths, including its extensive vehicle lineup and investments in electric and connected vehicles. Interested parties can view the session online.

Ford, based in Dearborn, Michigan, is committed to innovation in mobility solutions and maintaining customer loyalty through its Ford+ plan.

Ford's President and CEO, Jim Farley, will participate in a fireside chat at the Alliance Bernstein 38th Annual Strategic Decisions Conference on June 1, 2022, at 10:00 a.m. ET. Farley will discuss the company's Ford+ plan, which aims to transform Ford into a leader in digital electric vehicles. He will highlight how Ford is creating vehicles as software platforms to enhance customer experiences and generate new growth opportunities. A webcast of the session will be available for those who cannot attend live.

A recent survey by Ford Pro indicates that 60% of U.S. fleet managers find transitioning to electric vehicles (EVs) challenging. To address this, Ford Pro is partnering with companies like Wilbur-Ellis and Pacific Gas and Electric Company to streamline EV adoption through integrated solutions. The survey also shows that 74% of commercial fleet customers feel pressured to adopt EVs, with over 60% planning to do so within two years. Ford Pro aims to support businesses in overcoming infrastructure and operational hurdles, enhancing productivity and sustainability.