Ford Motor Company - F STOCK NEWS

Ford's director of Business Operations, Alex Purdy, will engage in a fireside chat with analyst Philippe Houchois at the Jefferies Virtual Industrials Conference on August 3 at 11:30 a.m. ET. Purdy will outline how Ford is executing its Ford+ plan, focusing on expanding its software capabilities, enhancing customer relationships, and creating recurring revenue streams. The company aims to increase its market reach and deliver value to stakeholders through innovative connected services and partnerships.

Ford Motor Company (NYSE:F) released its second quarter 2021 financial results, highlighting its ongoing commitment to electrification and innovation in mobility solutions. The earnings call, featuring CEO Jim Farley and CFO John Lawler, is set for 5:00 p.m. ET. Ford's strategy, known as the Ford+ plan, aims to deepen customer loyalty while enhancing experiences through connected services. With approximately 182,000 employees globally, Ford continues to position itself in electrification and self-driving technology, reflecting its ambitious growth and value creation initiatives.

Ford will present its second-quarter financial results for 2021 on July 28, during a fireside chat hosted by Barclays autos analyst Brian Johnson on August 2 at 10:00 a.m. ET. Senior leaders, including CFO John Lawler and COO Lisa Drake, will discuss the Ford+ growth strategy, focusing on electric vehicles, the Ford Pro commercial business, and enhanced customer relationships. This initiative aims to improve product offerings and customer experiences over time, contributing to Ford's market presence in electrification and mobility solutions.

Lyft, in partnership with Argo AI and Ford, announced the rollout of self-driving vehicles on its network, starting in Miami by the end of 2021, followed by Austin in 2022. This collaboration aims to commercialize autonomous ride-hailing by combining the necessary technology and infrastructure. They plan to deploy at least 1,000 autonomous vehicles across multiple markets in five years, leveraging anonymized data for improved safety and service. Lyft will receive 2.5% of Argo AI's equity as part of this agreement.

Lyft has partnered with Argo AI and Ford to launch the first large-scale autonomous ride-hailing service. This collaboration integrates self-driving technology, vehicles, and a transportation network to enhance rider experience. Lyft will begin deploying Ford self-driving cars, with rides starting in Miami later this year and in Austin in 2022. The plan is to roll out at least 1,000 autonomous vehicles over the next five years. Lyft will also receive 2.5% equity in Argo AI, allowing for data-driven insights to foster safer and more accessible transportation solutions.

Ford Motor Company (NYSE: F) announced its June 2021 U.S. sales results today, reflecting ongoing challenges and growth in the automotive market. The press release emphasizes Ford's commitment to electrification and customer loyalty through its Ford+ growth plan. The company continues to innovate with connected and electrified vehicles while maintaining its strong position in the market. Ford employs approximately 186,000 individuals globally, focusing on enhancing customer experiences and expanding its leadership in mobility solutions.

Ford is acquiring Electriphi, a California firm specializing in charging management and fleet monitoring for electric vehicles. This move aims to bolster Ford Pro, a new business unit focused on enhancing commercial customer productivity. Ford Pro intends to leverage Electriphi's technology to address the challenges in charging management for commercial fleets, which are increasingly adopting electric vehicles. This acquisition supports Ford Pro’s goal of generating over $1 billion in revenue from charging services by 2030, coinciding with the launch of all-electric versions of popular Ford vehicles.

Ford anticipates its adjusted EBIT for Q2 2021 to exceed expectations, signaling substantial improvement compared to last year. CEO Jim Farley will address the Deutsche Bank Global Auto Industry Conference, highlighting notable progress in Ford's automotive operations despite ongoing semiconductor supply challenges. Key factors contributing to this improvement include lower costs and increasing vehicle auction values benefiting Ford Credit. However, net income is expected to decline significantly due to last year's $3.5 billion gain from the Argo AI investment.

Ford Motor Company (NYSE: F) has reported its U.S. sales results for May 2021. The company continues to expand its offerings, including electrified vehicles, and aims for leadership in the mobility sector. Ford employs around 186,000 globally and provides various financial services through its credit company. For a detailed overview, visit the official corporate site or click here.