Ford Mtr Co Del Stock Price, News & Analysis

TXU Energy and Ford have partnered to offer Ford electric vehicle (EV) customers in Texas significant cost-savings through the TXU Energy Free EV Miles program. This program provides credits on TXU Energy bills for electricity used during specified off-peak hours, potentially covering the entire cost of at-home charging. The initiative aims to support grid reliability by encouraging energy consumption during off-peak hours and educating Texans on the benefits of EVs.

Key features include:

• Free charging hours between 7 p.m. and 1 p.m. the next day, all year long
• Flexibility with up to 18 hours a day for free charging
• $100 welcome bonus from Ford and $250 bonus from TXU Energy for staying enrolled for a year
• Applicable to Ford F-150 Lightning, Mustang Mach-E, and Escape PHEV customers

Ford Pro has launched the 2025 Ford Police Interceptor Utility, part of America's best-selling police vehicle lineup. The upgraded model, now shipping to law enforcement agencies, features a standard hybrid powertrain that can potentially save agencies on fuel costs due to reduced idle times. Key updates include:

- Vehicle Integration System 2.0 and Police Perimeter Alert for improved productivity and officer safety
- Upgraded center screens and streamlined upfitting
- Ford Pro Solutions integrating telematics for simplified fleet management
- Three powertrain options: 3.3L V6 hybrid (318 hp), 3.3L V6 gas (285 hp), and 3.0L V6 EcoBoost (400 hp)
- New 12.3-inch LCD digital instrument cluster
- Advanced driver-assist technologies

The hybrid system can potentially save up to 838 gallons of fuel per year, translating to projected cost reductions of approximately $17,500 over a 6-year ownership term with gas at $3.50 per gallon.

Ford Motor Company (NYSE:F) reported its Q2 2024 financial results, showing strong performance and strategic advancements. Key highlights include:

• Profitability targets for 2024 remain on track, with improved cash flow projections.
• Ford Pro demonstrated robust growth, contributing significantly to overall performance.
• Gains in vehicle quality and an uptick in hybrid vehicle sales were noted.

Access the full release here and view the webcast on shareholder.ford.com.

Ford Motor Company has announced plans to expand F-Series Super Duty production to its Oakville Assembly Complex in Ontario, Canada, starting in 2026. This move will boost production capacity by 100,000 units annually, addressing high demand for one of Ford's most popular and profitable vehicles. The expansion includes:

- A $3 billion investment, with $2.3 billion for assembly and stamping operations at Oakville
- Initially securing 1,800 jobs at Oakville Assembly Complex
- Adding 150 jobs at Windsor Engine Complex
- Creating 70 new jobs and additional overtime at U.S. component plants

This expansion supports Ford's strategy for profitable growth, maximizing its manufacturing footprint, and expanding its Ford Pro commercial business. The company also plans to introduce multi-energy technology to future Super Duty trucks and develop three-row electric utility vehicles.

Ford Pro, Ford Motor Company's commercial division, has launched the Ford Pro Smart Charging Bundle in California. This initiative offers complimentary Ford Pro Level 2 EV chargers to businesses subscribed to Ford Pro Charging software. The bundle includes advanced energy management features to automate demand response to grid events, reporting, and manage Low Carbon Fuel Standard carbon credits.

The program aims to simplify the adoption of electric vehicles for businesses, improve operations, and reduce EV charging costs. Ford Pro's Charging Software includes an automated demand-to-grid response solution that reacts to grid events in California by pausing and resuming charging as needed. This helps reduce grid burden and the risk of power outages.

Ford Pro will manage enrollment in California grid demand response programs and the Low Carbon Fuel Standard carbon credits program for customers. The initiative supports Ford's position as a leading commercial vehicle brand, offering integrated solutions for commercial and government customers.

Adriana Cisneros, CEO of Cisneros Group, has been elected to the Ford Motor Company board of directors, expanding the board to 15 members. Cisneros, who became CEO of Cisneros Group in 2013, has transformed the company into a global leader in digital advertising, media, entertainment, and real estate.

As a board member, she will serve on Ford's Nominating and Governance, and Sustainability, Innovation and Policy committees. Bill Ford, Executive Chair, praised her innovative leadership and strategic thinking, which he believes will benefit Ford as it navigates a new era in the automotive industry.

Cisneros also holds board positions at Mattel, AST Spacemobile, and the Paley Center for Media. She is a trustee of the Knight Foundation and involved with the Museum of Modern Art in New York City. She holds degrees from Columbia University and New York University, and has completed leadership programs at Harvard Business School.

Ford Motor Company (NYSE: F) will release its second-quarter 2024 financial results at 4:05 p.m. ET on July 24, 2024. An earnings conference call hosted by CEO Jim Farley, CFO John Lawler, and other senior management will follow at 5:00 p.m. ET. The call will cover the company's financial performance and progress on its Ford+ growth plan. Investors can access the presentation materials and join the webcast via the company’s investor relations website. Replay options for the conference call will be available from July 24 at 8:00 p.m. ET through July 31, 2024.

Ford (NYSE: F) has secured a 10-year naming rights agreement for a new luxury outdoor amphitheater in Colorado Springs, previously known as The Sunset. The venue, now named Ford Amphitheater, is set to open on August 9, 2024, with a grand opening weekend featuring performances by OneRepublic and other notable artists. The $90 million, 8,000-capacity venue includes 92 VIP luxury fire pit suites and is expected to generate over 100 million impressions annually. This landmark agreement, powered by local Colorado Ford dealerships, underscores Ford's long-term commitment to the venue's operator, Venu Holding , and its partnership with leading concert promoter AEG Presents.

Ford CFO John Lawler will discuss the Ford+ plan at the Deutsche Bank 2024 Global Automotive Conference on June 11, 10:30 a.m. ET. The plan focuses on growing margins, improving capital efficiency, and enhancing business durability. Lawler will highlight the benefits of Ford's business segments - Ford Blue, Ford Pro, and Ford Model e - and how they provide insights and flexibility in capital allocation. The discussion will cover Ford's iconic vehicles, both gas and electric, including their digital and physical services. A webcast link for the session will be available, with more information on Ford's investor site.