Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough EVs along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford is pursuing mobility solutions through Ford Next, and provides financial services through Ford Motor Credit Company. Ford employs about 177,000 people worldwide.
Jefferies analyst Philippe Houchois upgrades Ford Motor (NYSE:F) from Hold to Buy and raises the price target from $13 to $16.
Jefferies raises Ford Motor (NYSE:F) price target from $13 to $16 Read Post »
Benchmark analyst Michael Ward reiterates Ford Motor (NYSE:F) with a Buy and maintains $20 price target.
Benchmark maintained Ford Motor (NYSE:F) $20 price target Read Post »
Benchmark analyst Michael Ward reiterates Ford Motor (NYSE:F) with a Buy and maintains $19 price target.
Benchmark reiterates Ford Motor (NYSE:F) with a Buy and maintains $19 price target Read Post »
Ford Motor Co (NYSE:F) said vehicle sales volume in the US rose by 21.9% year over year in February to 157,606 vehicles. US internal combustion sales increased 20.5% year over year in February to 144,926 units, while US electric vehicle sales were 68.1% higher at 3,523 units and hybrid vehicle sales rose 32.9% to 9,157 units, the company said.
Ford Motor Co (NYSE:F): The company plans to invest $3.5 billion in a battery plant in Marshall, Michigan, USA. The company has the option to expand the capacity of the battery plant. Initially scheduled to start production in 2026, the plant will employ 2,500 people.
Ford Motor Co (NYSE:F) further reduced its stake in electric car maker Rivian according to SEC public filings. Ford currently owns 1.15% of Rivian (NASDAQ:RIVN), or about 10.5 million shares, according to the filing. At the end of last year, Ford owned 86.9 million shares of Rivian Corp., equivalent to 9.49 percent of the shares.
Ford Motor Co (NYSE:F) CFO: will significantly increase its $3 billion cost-cutting target by 2025.
Ford Motor Co. (NYSE:F) Q4 net profit fell 90% year-over-year to $1.3 billion, and a full-year 2022 net loss of US$2 billion, turning from profit to loss.
Ford Motor Co. (NYSE:F) Q4 net income fell 90% year-over-year to $1.3 billion Read Post »
On Friday, local time, the U.S. Treasury Department said that after revising the definition of car classification, it will make more Tesla, Ford Motors, General Motors and Volkswagen electric vehicles eligible for tax credits of up to $7,500. Under the $430 billion climate bill approved last August, SUVs can cost up to $80,000 to qualify for the EV tax credit, while cars, sedans and vans can only cost up to $55,000. The Treasury Department’s statement allows automakers to consider crossover SUVs eligible for credit. The decision raised the retail price cap for GM’s Cadillac Lyriq, Tesla’s five-seater Model Y, Volkswagen ID.4, Ford Mustang Mach-E and Escape plug-in hybrid from $55,000 to $80,000.
Ford Motor Co. expects new U.S. car prices to fall about 5 percent this year as automakers ramp up discounts, giving consumers a temporary relief from last year’s price shock. Parts shortages have drained dealerships’ vast inventories over the past three years and pushed the average selling price of a new car to a record $49,507 last December, according to Kelley Blue Book. But Ford believes that will ease this year.
Ford Motor expects new U.S. car prices to fall 5 percent this year Read Post »
Ford Motor (F.N): U.S. sales in December were 179,279 units, compared to 173,740 units a year earlier. U.S. sales for the full year of 2022 were 1.86 million, compared to 1.91 million in the same period last year.
Ford Motor (F.N): U.S. sales for the full year 2022 were 1.86 million Read Post »