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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 Motor Agreed To Buy Electric Scooter Startup Spin - Axios
Wednesday, 7 Nov 2018 02:55pm EST 

Nov 7 (Reuters) - :FORD MOTOR CO AGREED TO BUY ELECTRIC SCOOTER STARTUP SPIN - AXIOS, CITING SOURCES.FORD AGREED TO BUY ELECTRIC SCOOTER STARTUP SPIN FOR A PRICE "IN THE RANGE OF" $40 MILLION- AXIOS, CITING ONE SOURCE.  Full Article

Ford Says Oct U.S. Sales Totaled 192,616 Vehicles, Down 3.9 Pct
Thursday, 1 Nov 2018 09:48am EDT 

Nov 1 (Reuters) - Ford Motor Co ::FORD SUV SALES ON RECORD PACE – EXPEDITION UP 74.7 PERCENT, EXPLORER UP 12.5 PERCENT; F-SERIES PASSES 70,000-TRUCK MARK FOR EIGHTH STRAIGHT MONTH; LINCOLN NAVIGATOR UP 70.0 PERCENT.OCTOBER U.S. SALES TOTALED 192,616 VEHICLES, REPRESENTING A 3.9 PERCENT DECLINE.  Full Article

Ford And Baidu Announce Joint Autonomous Vehicle Testing
Wednesday, 31 Oct 2018 06:33am EDT 

Oct 31 (Reuters) - Baidu Inc ::FORD AND BAIDU ANNOUNCE JOINT AUTONOMOUS VEHICLE TESTING.FORD MOTOR CO - COS WILL FURTHER ADVANCE DEVELOPMENT AND ON-ROAD TESTING OF AUTONOMOUS VEHICLES IN CHINA.FORD MOTOR - CO, BAIDU HAVE COMPLETED TEST VEHICLE MODIFICATION, WILL EMBARK ON 2-YEAR PROJECT TO JOINTLY TEST SAE LEVEL 4-CAPABLE AUTONOMOUS VEHICLES IN BEIJING.FORD MOTOR CO - BAIDU-FORD L4 AUTONOMOUS VEHICLE ON-ROAD TESTING SLATED TO BEGIN BY THE END OF THIS YEAR.  Full Article

Ford Motor Issuing A Recall For About 1.5 Million Vehicles
Thursday, 25 Oct 2018 09:48am EDT 

Oct 25 (Reuters) - Ford Motor Co ::IS ISSUING A RECALL FOR ABOUT 1.5 MILLION SELECT 2012-18 FORD FOCUS VEHICLES EQUIPPED WITH 2.0-LITER GDI AND 2.0-LITER GTDI ENGINES.SAYS IS NOT AWARE OF ANY ACCIDENTS, INJURIES OR FIRES RELATED TO RECALL.AFFECTED VEHICLES INCLUDE 2012-18 FORD FOCUS 2.0-LITER GDI VEHICLES BUILT AT MICHIGAN ASSEMBLY PLANT PRIOR TO APRIL 13, 2017.AFFECTED VEHICLES INCLUDE 2012-18 FORD FOCUS 2.0-LITER GTDI VEHICLES BUILT PRIOR TO FEB. 2.ISSUES RECALL FOR SELECT 2012-18 FORD FOCUS VEHICLES FOR MALFUNCTIONING CANISTER PURGE VALVE.SAYS 1.5 MILLION VEHICLES IN NORTH AMERICA, 1.3 MILLION IN U.S. & FEDERALIZED TERRITORIES,136,272 IN CANADA, 44,521 IN MEXICO ARE BEING RECALLED.AFFECTED VEHICLES ARE EQUIPPED WITH A CANISTER PURGE VALVE THAT MAY BECOME STUCK IN AN OPEN POSITION.MALFUNCTIONING CANISTER PURGE VALVE COULD LEAD TO A STALL WHILE DRIVING AND/OR AN INABILITY TO RESTART VEHICLE.  Full Article

Ford Motor - On Oct 5, Fce Bank PLC Got Notice From Italian Competition Authority Of Alleged Violation Of Article 101 Of Treaty On Functioning Of EU
Thursday, 25 Oct 2018 07:22am EDT 

Oct 25 (Reuters) - Ford Motor Co ::FORD MOTOR - ON OCT 5, FCE BANK PLC GOT NOTICE FROM ITALIAN COMPETITION AUTHORITY OF ALLEGED VIOLATION OF ARTICLE 101 OF TREATY ON FUNCTIONING OF EU.FORD MOTOR - ICA ALLEGES FCE BANK, OTHER PARTIES ENGAGED IN ANTI-COMPETITIVE PRACTICES IN RELATION TO AUTOMOTIVE FINANCE MARKET IN ITALY - SEC FILING.FORD MOTOR - IF VIOLATION FOUND, BROAD RANGE OF REMEDIES IS AVAILABLE TO ICA, INCLUDING IMPOSING FINE AGAINST FCE BANK THAT COULD BE MATERIAL.FORD MOTOR - TO AVOID PENALTIES, FCE BANK PLC COULD BE REQUIRED TO PAY FINE, THEN SEEK REIMBURSEMENT OF PAYMENT THROUGH APPELLATE PROCESS.  Full Article

Ford Motor Reports‍​ Quarterly GAAP Earnings Per Share Of $0.25
Wednesday, 24 Oct 2018 04:15pm EDT 

Oct 24 (Reuters) - Ford Motor Co ::QUARTERLY ADJUSTED EARNINGS PER SHARE $0.29.QUARTERLY GAAP EARNINGS PER SHARE $0.25.QUARTERLY TOTAL REVENUE $37.67 BILLION VERSUS $36.45 BILLION.QUARTERLY AUTOMOTIVE REVENUE $34.66 BILLION VERSUS $33.65 BILLION.QUARTERLY NET INCOME AND COMPANY ADJUSTED EBIT DOWN, PRIMARILY DRIVEN BY CONTINUED CHALLENGES IN CHINA.SAYS REAFFIRMING FY ADJUSTED EARNINGS PER SHARE GUIDANCE OF $1.30-$1.50 AND POSITIVE CASH FLOW THAT WILL BE LOWER THAN 2017.SEES 2018 REVENUE MODESTLY HIGHER THAN 2017; SEES 2018 CAPITAL SPENDING ABOUT $7.5 BILLION; SEES 2018 ADJUSTED EFFECTIVE TAX RATE OF ABOUT 10 PERCENT.SEES 2018 AUTOMOTIVE EBIT LOWER THAN 2017 DUE TO ASIA PACIFIC, EUROPE; SEES 2018 MOBILITY EBIT LARGER LOSS THAN 2017.CURRENT FORECAST SHOW THAT CO WILL NOT REACH PREVIOUSLY-ANNOUNCED 8 PERCENT EBIT MARGIN OR HIGH TEENS ROIC TARGETS BY 2020.SEES 2018 SOUTH AMERICA AUTOMOTIVE EBIT ABOUT THE SAME AS 2017.QUARTERLY NORTH AMERICA MARKET SHARE DOWN SLIGHTLY, MAINLY DUE TO CARS, OFFSET PARTIALLY BY GAINS IN UTILITIES, TRUCKS & VANS.QUARTERLY NORTH AMERICA WHOLESALE VOLUME LOWER DUE TO CANADA, MEXICO.QUARTERLY EUROPE MARKET SHARE DOWN PRIMARILY DUE TO TURKEY.Q3 CASH FLOW POSITIVE AND IMPROVED FROM A YEAR AGO.FY FUNDED PENSION CONTRIBUTIONS ON TRACK FOR $0.5 BILLION.SAYS SHAREHOLDER DISTRIBUTIONS ON TRACK FOR $3 BILLION.  Full Article

Ford CFO Says Not Aware Of Possible Stimulus By China Government
Wednesday, 24 Oct 2018 04:01pm EDT 

Oct 24 (Reuters) - Ford Motor Co ::FORD CFO SHANKS SAYS NOT AWARE OF POSSIBLE STIMULUS BY CHINA GOVERNMENT.FORD CFO SAYS LIKELY TO SEE AN INDUSTRY SALES DECLINE IN CHINA NEXT YEAR VERSUS 2018.FORD CFO SAYS SAW INDUSTRY DEMAND IN CHINA IN Q3 DECLINE ABOUT 10 PERCENT, LOOKING AT "A BIT LARGER" DECLINE IN Q4.FORD CFO SAYS COMPANY STILL COMMITTED TO 8 PERCENT EBIT MARGIN TARGET BUT WON'T HIT THAT BY 2020.FORD CFO SAYS NEW NORTH AMERICAN FREE TRADE AGREEMENT 'A HUGE POSITIVE' FOR INDUSTRY.FORD CFO SAYS WANTS STEEL AND ALUMINUM TO BE INCLUDED IN NEW TRADE PACT.FORD CFO SAYS SEES METALS AND CHINA-RELATED TARIFFS AT TOTAL IMPACT APPROACHING $1 BILLION THIS YEAR.  Full Article

Ford Increasing GT Production
Thursday, 18 Oct 2018 12:35pm EDT 

Oct 18 (Reuters) - Ford Motor Co ::FORD INCREASING GT PRODUCTION.FORD MOTOR- INCREASING FORD GT PRODUCTION TO 1,350 VEHICLES AFTER MORE THAN 6,500 APPLICANTS RACED TO SIGN UP FOR ORIGINAL 1,000 CARS ALLOTTED IN 2016.  Full Article

Ford Motor Co Names BBDO As Its Lead Creative Agency;WPP Remains Key Part Of Co's Multi-Agency Team, Leading Activation
Monday, 8 Oct 2018 04:07pm EDT 

Oct 8 (Reuters) - Ford Motor Co ::FORD MOTOR CO SAYS NAMES BBDO AS ITS LEAD CREATIVE AGENCY;WPP REMAINS KEY PART OF FORD’S MULTI-AGENCY TEAM, LEADING ACTIVATION.  Full Article

Ford Motor Says Sept U.S. Sales Totaled 197,404 Vehicles, Down 11.2 Pct
Tuesday, 2 Oct 2018 09:15am EDT 

Oct 2 (Reuters) - Ford Motor Co ::FORD F-SERIES TOPS 70,000-TRUCK MARK FOR SEVENTH CONSECUTIVE MONTH, WHILE FORD EXPEDITION SALES JUMP 27.4 PERCENT; LINCOLN NAVIGATOR SALES UP 77.3 PERCENT.FORD MOTOR - SEPT 2018 U.S. SALES TOTALED 197,404 VEHICLES, DOWN 11.2 PERCENT.FORD MOTOR - FOR INDUSTRY, SEPTEMBER 2018 EXPERIENCED SOME WEATHER-RELATED IMPACT DUE TO HURRICANE FLORENCE.  Full Article

UPDATE 1-Brazil approves tax breaks for Ford, Fiat, other automakers

BRASILIA, Nov 8 Brazil's President Michel Temer on Thursday signed into law hundreds of millions of dollars in incentives for automakers such as General Motors Co and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol.