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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)

Tesla Says Q1 Production Totaled 34,494 Vehicles, A 40 Pct Increase From Q4
Tuesday, 3 Apr 2018 09:10am EDT 

April 3 (Reuters) - Tesla Inc ::TESLA SAYS Q1 PRODUCTION TOTALED 34,494 VEHICLES, A 40% INCREASE FROM Q4.IN THE PAST SEVEN DAYS, TESLA PRODUCED 2,020 MODEL 3 VEHICLES.Q1 DELIVERIES TOTALED 29,980 VEHICLES, OF WHICH 11,730 WERE MODEL S, 10,070 WERE MODEL X, AND 8,180 WERE MODEL 3‍​.IN THE NEXT SEVEN DAYS, EXPECT TO PRODUCE 2,000 MODEL S AND X VEHICLES AND 2,000 MODEL 3 VEHICLES.TESLA SAYS OF Q1 PRODUCTION, 24,728 WERE MODEL S AND MODEL X, AND 9,766 WERE MODEL 3.4,060 MODEL S AND X VEHICLES WERE IN TRANSIT TO CUSTOMERS AT THE END OF Q1, WHICH WAS 68% HIGHER THAN AT THE END OF Q4 2017‍​.NET MODEL 3 RESERVATIONS REMAINED STABLE THROUGH Q1.ADDITIONAL 2,040 MODEL 3 VEHICLES WERE ALSO IN TRANSIT TO CUSTOMERS.ABLE TO DOUBLE WEEKLY MODEL 3 PRODUCTION RATE DURING QUARTER BY ADDRESSING BOTTLENECKS, INCLUDING SEVERAL SHORT FACTORY SHUTDOWNS TO UPGRADE EQUIPMENT.TESLA SAYS IF RATE OF GROWTH OF MODEL 3 CONTINUES, "IT WILL EXCEED EVEN THAT OF FORD AND THE MODEL T".  Full Article

Pivotal Software Inc Files For IPO Of Up To $100 Mln
Friday, 23 Mar 2018 01:54pm EDT 

March 23 (Reuters) - :PIVOTAL SOFTWARE INC FILES FOR IPO OF UP TO $100 MILLION – SEC FILING.PIVOTAL SOFTWARE INC SAYS MORGAN STANLEY, GOLDMAN SACHS & CO. LLC, CITIGROUP ARE AMONG UNDERWRITERS TO IPO.PIVOTAL SOFTWARE INC SAYS BOFA MERRILL LYNCH, BARCLAYS, CREDIT SUISSE ARE AMONG UNDERWRITERS TO IPO.PIVOTAL SOFTWARE INC SAYS RBC CAPITAL MARKETS, UBS INVESTMENT BANK, WELLS FARGO SECURITIES ARE AMONG UNDERWRITERS TO IPO.PIVOTAL SOFTWARE INC SAYS KEYBANC CAPITAL MARKETS, WILLIAM BLAIR ARE AMONG UNDERWRITERS TO IPO.PIVOTAL SOFTWARE INC SAYS DELL TECHNOLOGIES INC IS CURRENTLY ITS MAJORITY STOCKHOLDER.PIVOTAL SOFTWARE INC SAYS FOLLOWING IPO, DELL TECHNOLOGIES WILL OWN 351 MILLION SHARES OF CO'S OUTSTANDING CLASS B COMMON STOCK.PIVOTAL SOFTWARE INC FILES FOR IPO OF ITS CLASS A COMMON STOCK.PIVOTAL SOFTWARE INC REPORTS AFFILIATE OF GENERAL ELECTRIC CO, FORD MOTOR CO AMONG ITS PRINCIPAL STOCKHOLDERS.PIVOTAL SOFTWARE INC SAYS PROPOSED IPO PRICE IS AN ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE.  Full Article

Jiangling Motors to pay cash dividend for A shares on March 27 and B shares on March 29
Wednesday, 21 Mar 2018 02:31am EDT 

March 21 (Reuters) - Jiangling Motors Corp Ltd <000550.SZ>:Says it will pay cash dividend of 23.17 yuan per 10 shares (before tax), to holders of A shares recorded on March 26, and holders of B shares recorded on March 29.Says the company's shares will be traded ex-dividend on March 27 and the dividend will be paid on March 27 for A shares and March 29 for B shares respectively.  Full Article

Ford Appoints Kiersten Robinson As Chief Human Resources Officer
Monday, 19 Mar 2018 02:00pm EDT 

March 19 (Reuters) - Ford Motor Co ::FORD APPOINTS KIERSTEN ROBINSON AS CHIEF HUMAN RESOURCES OFFICER.APPOINTMENT OF KIERSTEN ROBINSON IS EFFECTIVE APRIL 1, 2018 ​.  Full Article

Ford Says Expects To Temporarily Layoff About 2000 Hourly Employees
Monday, 5 Mar 2018 09:06am EST 

March 5 (Reuters) - Ford Motor Co ::FORD, IN LETTER DATED MARCH 2, SAYS EXPECTS TO TEMPORARILY LAYOFF ABOUT 2000 HOURLY EMPLOYEES ON OR ABOUT MAY 7 THROUGH OCT. 22.FORD, IN LETTER DATED MARCH 2, SAYS EXPECTS TO TEMPORARILY LAYOFF EMPLOYEES AT MICHIGAN ASSEMBLY & STAMPING PLANTS.  Full Article

Ford Says Feb U.S. Auto Sales Down 6.9 Pct
Thursday, 1 Mar 2018 09:45am EST 

March 1 (Reuters) - Ford Motor Co ::FORD F-SERIES MARKS BEST FEBRUARY RESULTS IN 18 YEARS WHILE ALL-NEW FORD EXPEDITION POSTS 41 PERCENT RETAIL SALES INCREASE; LINCOLN NAVIGATOR POSTS GAINS IN ALL REGIONS.FORD MOTOR CO - OVERALL FORD MOTOR COMPANY U.S. SALES FOR FEBRUARY TOTALED 194,132 VEHICLES, A 6.9 PERCENT DECLINE.  Full Article

Ford Says Certain Equity-Based Awards Granted To Raj Nair To Be Canceled
Thursday, 22 Feb 2018 10:14am EST 

Feb 22 (Reuters) - Ford Motor Co ::SAYS PURSUANT TO SEPARATION AGREEMENT, RAJ NAIR ENTITLED TO RETIREMENT BENEFITS UNDER SRP AND WILL CONTINUE TO RECEIVE HEALTHCARE BENEFITS.SAYS NAIR WILL NOT RECEIVE AN AWARD UNDER ANNUAL INCENTIVE COMPENSATION PLAN FOR 2017 AND 2018 PERFORMANCE PERIODS.SAYS CERTAIN EQUITY-BASED AWARDS GRANTED TO NAIR WILL BE CANCELED.SAYS RAJ NAIR AGREES TO STANDARD WAIVER OF CLAIMS AGAINST CO,TO COOPERATE WITH ANY FUTURE CO INVESTIGATIONS & LITIGATION,2 YEAR NON-COMPETE AGREEMENT​.  Full Article

Ford Appoints Senior Leaders Galhotra To Lead North America, Falotico To Head Lincoln, Marketing Mcclelland To Lead Ford Credit
Thursday, 22 Feb 2018 09:00am EST 

Feb 22 (Reuters) - Ford Motor Co ::FORD APPOINTS SENIOR LEADERS; GALHOTRA TO LEAD NORTH AMERICA, FALOTICO TO HEAD LINCOLN, MARKETING; MCCLELLAND TO LEAD FORD CREDIT.FORD MOTOR CO - KUMAR GALHOTRA NAMED GROUP VICE PRESIDENT AND PRESIDENT, FORD NORTH AMERICA.FORD MOTOR CO - JOY FALOTICO NAMED GROUP VICE PRESIDENT, LINCOLN AND CHIEF MARKETING OFFICER.FORD MOTOR CO - DAVID MCCLELLAND NAMED VICE PRESIDENT OF FORD AND CEO OF FORD MOTOR CREDIT COMPANY.FORD MOTOR CO - STUART ROWLEY NAMED VICE PRESIDENT AND CHIEF OPERATING OFFICER, FORD NORTH AMERICA.FORD MOTOR CO - JOHN LAWLER NAMED VICE PRESIDENT, STRATEGY, FORD MOTOR COMPANY.FORD MOTOR CO - CATHY O'CALLAGHAN NAMED VICE PRESIDENT AND CORPORATE CONTROLLER, AND CFO, GLOBAL MARKETS.  Full Article

Ford President Of North America Raj Nair Exits Company
Wednesday, 21 Feb 2018 04:15pm EST 

Feb 21 (Reuters) - Ford Motor Co ::RAJ NAIR, FORD’S PRESIDENT OF NORTH AMERICA, EXITS COMPANY.FORD MOTOR CO - DECISION RELATING TO RAJ NAIR "FOLLOWS A RECENT INTERNAL INVESTIGATION INTO REPORTS OF INAPPROPRIATE BEHAVIOR".FORD - INTERNAL INVESTIGATION DETERMINED CERTAIN BEHAVIOR BY NAIR WAS "INCONSISTENT WITH COMPANY'S CODE OF CONDUCT".  Full Article

Ford Says "Building Our Av Business In Multiple Cities In Preparation For A 2021 Production Launch‍​"
Tuesday, 16 Jan 2018 05:44pm EST 

Jan 16 (Reuters) - Ford Motor Co ::- "BUILDING OUR AV BUSINESS IN MULTIPLE CITIES IN PREPARATION FOR A 2021 PRODUCTION LAUNCH‍​".- FROM 2018 FORD WILL HAVE 3 OPERATING SEGMENTS, AUTOMOTIVE, MOBILITY, AND FORD CREDIT.- WE DO NOT EXPECT THE IMPACT FROM U.S. TAX REFORM TO BE MATERIAL FOR 2017.SAYS EMPLOYEES WILL NOT BE GIVEN PAY INCREASE OR BONUSES AS A RESULT OF TAX REFORM.- EXPECTED OPERATING TAX RATE FOR 2017 IS ABOUT 15%, CONSISTENT WITH PRIOR GUIDANCE.SAYS EXPECTED 2018 FY TAX RATE IS ABOUT 15% WITH AN ONGOING RATE OF ABOUT 18%.- PRELIMINARY 4Q 2017 COMPANY GAAP REVENUE $41.3 BILLION.Q4 REVENUE VIEW $37.03 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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Ford hopes China easing will speed up Zotye venture approval

BEIJING Ford Motor Co's Asia head said on Wednesday he hoped recent Chinese moves to relax ownership rules in the country's auto market would speed up regulatory approval for its electric vehicle joint venture with local firm Zotye Automobile Co Ltd .