Welcome to our dedicated page for Ford Mtr Co Del news (Ticker: F), a resource for investors and traders seeking the latest updates and insights on Ford Mtr Co Del stock.
Ford Motor Company reports news across its global automotive manufacturing, connected-services and financial-services operations. Recurring updates cover Ford and Lincoln vehicles, Ford Blue gas-powered and hybrid programs, Ford Model e electric-vehicle and software work, Ford Pro commercial vehicles and services, and Ford Motor Credit Company.
Company announcements also address quarterly financial results, U.S. sales trends, dividend declarations, product-creation and industrialization changes, technology collaborations, BlueCruise and security services, shareholder meeting materials, and governance or investor-relations updates tied to the Ford+ operating plan.
Ford has successfully delivered its electric F-150 Lightning trucks to customers across all 50 U.S. states in just two months. Leading states include Texas and California, with over 4,400 units sold in the U.S. and Canada year-to-date. Customers praise the truck's performance, including towing capabilities and features like the Mega Power Frunk. A survey indicates that nearly 80% of early buyers view the F-150 Lightning as their first full electric vehicle. Ford is set to report July sales totals on August 3.
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.
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.
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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.