Ford Motor Company - F STOCK NEWS

Ford executives will showcase the company's electric vehicle initiatives at two conferences on Friday. Lisa Drake, COO for North America, will speak at the Goldman Sachs Global Automotive Conference at 8:50 a.m. ET, followed by a Q&A session. Concurrently, Hau Thai-Tang, Chief Product Platform and Operations Officer, will present at the Credit Suisse Industrials Conference at 12:10 p.m. ET. Both will discuss Ford's strategy to enhance its electric and battery production capabilities.

Ford Motor Company has announced the details of its cash tender offers for various outstanding securities totaling up to $6.79 billion, an increase from a previously set cap of $5 billion. The tender offers include multiple series of notes and debentures with varying terms, acceptance priority levels, and total consideration amounts. The principal amounts tendered and accepted for purchase by the Early Tender Date reveal strong investor interest, with several series exceeding 50% acceptance rates. Ford's strategy aims to enhance its financial flexibility amidst evolving market conditions.

Ford Motor Company (NYSE: F) announced the results of its cash tender offers to purchase various series of its outstanding notes. The Aggregate Tender Cap has been increased from $5 billion to $6.8 billion, matching the amount tendered as of the early tender date on November 18, 2021. The Early Settlement Date is set for November 22, 2021. Securities will be accepted based on their Acceptance Priority Levels. Ford expects to deliver a notice of redemption for the 8.500% Notes due April 2023 on November 22, 2021, redeeming them on December 7, 2021.

Ford's CEO, Ted Cannis, will participate in a fireside chat at the Barclays Global Automotive and Mobility Tech Conference on November 18 at 9:20 a.m. ET. He will discuss the Ford Pro initiative aimed at enhancing performance for commercial customers through connected vehicles and technology solutions. The focus includes promoting the all-electric F-150 Lightning and E-Transit to support businesses' transition to electric vehicles (EVs). This aligns with Ford’s Ford+ growth strategy, which emphasizes reducing ownership costs and increasing uptime for commercial users.

Ford Motor Company has initiated cash tender offers to buy back various outstanding securities totaling up to $5.0 billion. The securities involved include 9.000% notes due April 2025 and 9.625% notes due April 2030, among others. The offers will expire on December 3, 2021, with an early tender date set for November 18, 2021. If successful, Ford expects to incur a charge between $1.0-1.2 billion for the extinguishment of debt. The company aims to utilize cash on hand and liquidity to fund these offers, contingent upon certain financial conditions being met.

Ford Motor Company has introduced North America's first sustainable financing framework, aimed at supporting its Ford+ plan to enhance value for stakeholders. The framework focuses on four key areas: battery electric vehicles, clean manufacturing, community revitalization, and improving lives for disadvantaged groups. It has received an 'advanced' rating from Vigeo Eiris, emphasizing its commitment to sustainability. Additionally, Ford announced a $5 billion cash tender offer to reduce high-cost debt, which will help improve financial flexibility and aim for investment-grade credit ratings.

Ford Motor Company (NYSE: F) reports continued growth in Lincoln SUV sales for October 2021. The company is focused on strengthening its market position through electrification and connected vehicle services. Ford's Ford+ plan aims to enhance customer experiences, driving loyalty and growth. The commitment to sustainability and the electrification of its vehicle lineup aligns with evolving consumer demands.

Kid Trax, from Dorel Industries, has partnered with Ford Motor Company to unveil a kid-sized version of the iconic Ford Bronco. This toy vehicle features realistic aspects like running lights and a working FM radio, designed to mimic the full-size SUV. Priced at $499.99, it is available exclusively at Target starting November 2, 2021. This collaboration aims to strengthen connections between generations through play while leveraging the nostalgia and excitement surrounding the Ford Bronco, which is returning to the market after 25 years.

Qmerit has partnered with Ford Motor Company to facilitate home EV charger station installations for Mustang Mach-E customers. This collaboration aims to enhance the charging experience for electric vehicle owners, aligning with Ford's investment of over $30 billion in electrification by 2025. Qmerit, recognized as a top EV charger installer in North America, has completed over 10,000 installations to date. The services include both the Ford Mobile Charger and the Ford Connected Charge Station, ensuring efficient home charging solutions for users.