Welcome to our dedicated page for Ford Motor Company news (Ticker: F), a resource for investors and traders seeking the latest updates and insights on Ford Motor Company stock.
Ford Motor Company (NYSE: F) is a global leader in the automotive industry, headquartered in Dearborn, Michigan. With a robust workforce of approximately 177,000 employees and 67 plants worldwide, Ford operates across six continents. The company manufactures and distributes a diverse range of automotive products under its flagship brands, Ford and Lincoln. Besides its automotive ventures, Ford provides extensive financial services through the Ford Motor Credit Company.
Ford’s operations are segmented into distinct business units to streamline its focus and innovation. In March 2022, the company introduced Ford Blue and Ford Model e as separate entities under the main Ford Motor umbrella. Ford Blue is dedicated to the development of combustion engine vehicles, while Ford Model e focuses on the creation of electric vehicles (EVs) and pioneering software solutions.
As of 2023, Ford holds a substantial market presence with nearly 13% market share in the United States, about 11% in the United Kingdom, and under 2% in China, including unconsolidated affiliates. Sales in the U.S. represent around 66% of Ford's total revenue for the year.
Recent achievements include the integration of the Webex app by Cisco into the all-new Ford and Lincoln Digital Experience, revolutionizing business mobility with seamless connectivity and immersive meeting experiences. This collaboration enables users to work from anywhere with advanced features such as AI background noise removal, further integrated into the vehicle’s native infotainment system.
In another notable development, Ford acquired the naming rights for the ultra-luxury Ford Amphitheater in Colorado Springs. This venue, slated for a grand opening in August 2024, reflects Ford's commitment to enhancing brand visibility through premium venue signage and exclusive event partnerships.
Ford’s strategic Ford+ plan for growth emphasizes maximizing existing strengths, integrating new capabilities, and maintaining continuous customer engagement. The company’s product lineup includes iconic Ford trucks, SUVs, commercial vans, and Lincoln luxury vehicles, along with cutting-edge connected services. Ford Blue leads in engineering traditional gas-powered vehicles, Ford Model e spearheads breakthrough EVs, and Ford Pro focuses on expanding the reach of commercial vehicles and services.
For more detailed information on Ford Motor Company's broad spectrum of products and services, please visit their official website at corporate.ford.com.
Ford Motor Company (NYSE:F) will announce its first quarter 2023 financial results on May 2 at 4:05 p.m. ET. Following the announcement, CEO Jim Farley and CFO John Lawler will host a conference call at 5:00 p.m. ET for the investment community, allowing them to ask questions. The call aims to provide insights on the company's financial performance and strategic direction. Participants can register for the conference call through Ford's investor relations website, with the replay available from 8:00 p.m. ET on May 2 until May 9. Ford remains committed to enhancing customer experiences through its three business segments: Ford Blue, Ford Model e, and Ford Pro.
The board of directors of Ford Motor Company has declared a second-quarter dividend of 15 cents per share on its outstanding common and Class B stock. This announcement signals Ford's ongoing commitment to returning value to shareholders. The dividend will be payable on June 1 to shareholders on record as of the close of business on April 26. Ford continues to focus on growth through its Ford+ plan, which aims to enhance customer loyalty while developing innovative vehicles and services across multiple segments, including gas-powered, hybrid, and electric vehicles.
Ford reported strong Q1 2023 results, with total vehicle sales of 456,972, marking a 10.7% increase year-over-year. The company became America’s leading truck manufacturer, selling 254,023 trucks and vans, up 19.6%. Notable performers included the F-Series as the best-selling truck, with sales up 21.1% to 170,377 units. Electric vehicle sales soared 41.0%, with 10,866 EVs sold, including 4,291 F-150 Lightning pickups. Production increases are planned at various plants to meet rising demand, particularly for the Mustang Mach-E and Bronco. The company anticipates further growth with new launches in 2023.
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