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Ford Motor Co (F.N)

F.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ford issues two safety compliance recalls in North America
8:46am EDT 

May 24 (Reuters) - Ford Motor Co : :Ford issues two safety compliance recalls in North America.Ford - issues recall for certain 2015-17 Ford F-150 and 2017 F-250 to F-550 vehicles equipped with Ford aftermarket chrome exterior door handle covers.Ford Motor says not aware of any accidents or injuries associated with issue leading to recall of certain 2017 Ford F-150‍​, explorer and super duty.Ford - issuing safety compliance recall for about 2,500 2017 Ford F-150, explorer, super duty vehicles.Ford Motor - not aware of any accidents or injuries associated with issue leading to recall of certain 2015-17 Ford F-150, 2017 F-250 to F-550 vehicles.Ford - recall for certain 2015-17 Ford F-150 and 2017 F-250 to F-550 vehicles involves approximately 551 vehicles in North America.Ford -recall for 2017 Ford F-150,explorer,super duty vehicles for inadequate weld between driver seat back & manually operated seat back recliner mechanism.  Full Article

Ford appoints Jim Hackett as president and CEO
Monday, 22 May 2017 08:30am EDT 

May 22 (Reuters) - Ford Motor Co :Ford appoints Jim Hackett as CEO to strengthen operations, transform for future; Farley, Hinrichs, Klevorn take on new roles.Says Hackett named as Ford Motor Company president and CEO, succeeding Mark Fields, who is retiring.Ford also named leaders to three new roles under Hackett..Mark Truby is appointed vice president, communications, and elected a company officer.Says Jim Farley is appointed executive vice president and president, global markets.Says Joe Hinrichs is appointed executive vice president and president, global operations.Mark Truby succeeds Ray Day, who plans to retire from company next year.Says Marcy Klevorn is appointed executive vice president and president, mobility.Paul Ballew is appointed vice president and chief data and analytics officer.Hackett, together with Bill Ford, will focus on three priorities.Hackett will focus on 3 priorities: sharpening operational execution, modernizing present business, transforming co to meet tomorrow's challenges.Announces key global leadership changes designed to "further strengthen its core automotive business and accelerate a strategic shift to capitalize on emerging opportunities".  Full Article

Ford Motor says investing $350 mln in its Livonia transmission plant
Friday, 19 May 2017 09:00am EDT 

May 19 (Reuters) - Ford Motor Co ::Ford invests $350 million, creates or protects 800 jobs, adding new fuel-efficient transmission to michigan plant.Ford Motor says investing $350 million in its Livonia transmission plant, adding a new transmission to expand its lineup of fuel-efficient powertrains.Ford Motor says investment in Livonia transmission plant in addition to $1.4 billion and 500 created or retained hourly jobs announced for plant in 2016.Says investment in its Livonia transmission plant also includes creation and protection of 800 hourly jobs.  Full Article

Ford Motor Credit Company LLC files for floating rate demand notes
Friday, 5 May 2017 09:33am EDT 

May 5 (Reuters) - Ford Motor Co : :Ford Motor Credit Company LLC files for floating rate demand notes of up to $10.0 billion .Ford Motor Credit Company LLC says net proceeds from the sale of the notes will be added to the general funds of ford credit.  Full Article

Ford's China sales in April up 11 pct y/y
Friday, 5 May 2017 02:09am EDT 

May 5 (Reuters) - Ford Motor Co says::China sales in April totalled 93,967 vehicles, up 11 percent from a year earlier.China sales druing the first four months of this year totalled 349,228 vehicles, down 12 percent from a year-ago period.  Full Article

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

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New Ford CEO eligible for $13.4 million in annual compensation

Ford Motor Co said on Wednesday that new Chief Executive James Hackett is eligible for at least $13.4 million in total annual compensation.