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Ford Motor Co (F.N)

F.N on New York Stock Exchange

11.47USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Ford Motor says enters into 13th amendment to credit agreement dated Dec 15, 2006
Friday, 28 Apr 2017 03:50pm EDT 

April 28 (Reuters) - Ford Motor Co ::On April 28, company entered into thirteenth amendment to its credit agreement dated as of December 15, 2006 - SEC filing.As a result of the thirteenth amendment, the existing credit agreement has been amended effective as of April 28, 2017 - SEC filing.As a result of the thirteenth amendment, lenders have maintained total revolving commitments of $13.4 billion.Allocation of $3 billion of commitments to Ford Credit on an irrevocable and exclusive basis remains in place.Under amendment, maturity dates have been extended by one year to April 30, 2022 for 75% of the $13.4 billion commitments.Under amendment, maturity dates have been extended by one year to April 30, 2020 for 25% of the $13.4 billion commitments.  Full Article

Ford Motor Co Q1 earnings per share $0.40
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - Ford Motor Co ::Q1 earnings per share $0.40; Q1 adjusted earnings per share $0.39; Q1 revenue $39.15 billion versus $37.72 billion.Q1 earnings per share view $0.35, revenue view $34.71 billion -- Thomson Reuters I/B/E/S.Says "2017 company outlook consistent with previous guidance".For 2017, continue to expect total company adjusted pre-tax profit to be about $9 billion.FY2017 earnings per share view $1.56, revenue view $142.01 billion -- Thomson Reuters I/B/E/S.Expect FY cost efficiencies of nearly $3 billion to mostly offset costs outside of investments in emerging opportunities.Q1 automotive revenue $36.48 billion versus $35.26 billion.Says Q1 automotive results were driven by North America; Europe and Asia-Pacific were also profitable.  Full Article

Ford Motor sets quarterly dividend of 15 cents per share
Monday, 10 Apr 2017 08:00am EDT 

Ford Motor :Sets quarterly dividend of $0.15 per share.  Full Article

Ford F-Series sales grow 10 percent
Monday, 3 Apr 2017 09:15am EDT 

Ford Motor Co : Ford F-Series sales grow 10 percent in March; Company’S overall U.S. Sales down 7 percent .Overall ford motor company U.S. March 2017 sales totaled 236,250 vehicles – a 7 percent decline versus a year ago.  Full Article

Ford invests C$500 mln for R&D in Canada
Thursday, 30 Mar 2017 09:35am EDT 

Ford of Canada : Ford invests c$500 million for research and development in canada; doubles connectivity team and opens new research and engineering centre in ottawa . Oakville assembly complex will continue to upgrade facilities to support production of one of ford's crossover utilities, the ford edge .New Ottawa research and development will focus on research and development across infotainment, in-vehicle modems, gateway modules, driver-assist features and autonomous vehicles.  Full Article

Ford Motor estimates cost of recalls to be about $295 mln
Wednesday, 29 Mar 2017 08:54am EDT 

Ford Motor Co : Ford Motor Co - cost of recalls is estimated to be about $295 million . Ford - cost of recalls will be incurred primarily by North America, Europe business units and included in Q1 2017 adjusted pre-tax results - SEC filing .Ford Motor Co - cost of recalls was included in EPS guidance for Q1 2017, total co adjusted pre-tax profit guidance for full-year 2017.  Full Article

Ford issues three safety recalls in North America
Wednesday, 29 Mar 2017 07:17am EDT 

Ford Motor Co : Ford issues three safety recalls and one safety compliance recall in North America . Ford Motor Co - in the affected vehicles, a lack of coolant circulation could cause an engine to overheat, resulting in a crack in the cylinder head . Ford -issues safety recall for some 2013-15 Ford Escape, Ford Fiesta ST, Ford Fusion, Ford Transit Connect 1.6-liter GTDi vehicles for under-hood fire risk . Ford -issuing recall in North America for about 230,000 2014 Ford Escape, 2014-15 Ford Fiesta ST, 2013-14 Ford Fusion, 2013-15 Ford Transit Connect vehicles . Ford Motor says expands safety recall for certain 2014 Ford Fiesta, 2013-14 Ford Fusion and 2013-14 Lincoln Mkz vehicles to replace door latches . Ford Motor Co - aware of 29 reports of fire associated with the affected vehicles equipped with 1.6-liter GTDi engines in United States, Canada . Ford Motor says expanding a previously announced safety recall regarding door latches to include approximately 211,000 more vehicles . Ford Motor says not aware of any accidents/injuries associated with door latches issue in vehicles included in the supplement to safety action 15s16 . Ford Motor Co - issues safety compliance recall for certain 2017 Ford Edge vehicles to repair windshield header welds . Ford motor says issuing a safety compliance recall for approximately 548 2017 Ford F-450 and F-550 vehicles to replace the driveshaft.  Full Article

Ford Motor Co executive Chairman William Clay Ford Jr reports open market purchase of 171,379 shares of co's common stock
Tuesday, 28 Mar 2017 05:00pm EDT 

Ford Motor Co : Ford Motor Co - executive chairman William Clay Ford Jr. Reports open market purchase of 171,379 shares of co's common stock - sec filing .Ford Motor Co-executive chairman William Clay Ford reports open market purchase of co's class B common stock at average price of $11.67/share on March 24.  Full Article

Ford Motor invests $1.2 bln in three Michigan facilities
Tuesday, 28 Mar 2017 10:00am EDT 

Ford Motor Co : Says investing $1.2 billion in three Michigan facilities . Says investing $850 million in Michigan assembly plant to retool plant to build new Ford Ranger and Ford Bronco . Says also plans to create or retain 130 jobs, invest $150 million to expand capacity for engine components for vehicles at Romeo engine plant . Ford's announced investments in Michigan assembly plant and Romeo Engine plant were part of negotiations with United Auto Workers Union in 2015 .Says in addition, investing $200 million for advanced data center; new data center will be located at company's Flat Rock assembly plant.  Full Article

Ford Motor says 2017 guidance unchanged
Thursday, 23 Mar 2017 09:03am EDT 

Ford Motor Co : Ford Motor Co - full year 2017 guidance unchanged . Ford Motor Co - Ford credit on track for 2017 guidance .Fy2017 earnings per share view $1.63, revenue view $142.41 billion -- Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Ford Motor says enters into 13th amendment to credit agreement dated Dec 15, 2006

* On April 28, company entered into thirteenth amendment to its credit agreement dated as of December 15, 2006 - SEC filing