Welcome to our dedicated page for Ford Mtr Co Del news (Ticker: F), a resource for investors and traders seeking the latest updates and insights on Ford Mtr Co Del stock.
Ford Motor Company reports news across its global automotive manufacturing, connected-services and financial-services operations. Recurring updates cover Ford and Lincoln vehicles, Ford Blue gas-powered and hybrid programs, Ford Model e electric-vehicle and software work, Ford Pro commercial vehicles and services, and Ford Motor Credit Company.
Company announcements also address quarterly financial results, U.S. sales trends, dividend declarations, product-creation and industrialization changes, technology collaborations, BlueCruise and security services, shareholder meeting materials, and governance or investor-relations updates tied to the Ford+ operating plan.
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Ford Motor Company (NYSE:F) will announce its first quarter 2023 financial results on May 2 at 4:05 p.m. ET. Following the announcement, CEO Jim Farley and CFO John Lawler will host a conference call at 5:00 p.m. ET for the investment community, allowing them to ask questions. The call aims to provide insights on the company's financial performance and strategic direction. Participants can register for the conference call through Ford's investor relations website, with the replay available from 8:00 p.m. ET on May 2 until May 9. Ford remains committed to enhancing customer experiences through its three business segments: Ford Blue, Ford Model e, and Ford Pro.
The board of directors of Ford Motor Company has declared a second-quarter dividend of 15 cents per share on its outstanding common and Class B stock. This announcement signals Ford's ongoing commitment to returning value to shareholders. The dividend will be payable on June 1 to shareholders on record as of the close of business on April 26. Ford continues to focus on growth through its Ford+ plan, which aims to enhance customer loyalty while developing innovative vehicles and services across multiple segments, including gas-powered, hybrid, and electric vehicles.
Ford reported strong Q1 2023 results, with total vehicle sales of 456,972, marking a 10.7% increase year-over-year. The company became America’s leading truck manufacturer, selling 254,023 trucks and vans, up 19.6%. Notable performers included the F-Series as the best-selling truck, with sales up 21.1% to 170,377 units. Electric vehicle sales soared 41.0%, with 10,866 EVs sold, including 4,291 F-150 Lightning pickups. Production increases are planned at various plants to meet rising demand, particularly for the Mustang Mach-E and Bronco. The company anticipates further growth with new launches in 2023.
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PT Vale Indonesia, Zhejiang Huayou Cobalt, and Ford Motor Co. have announced a collaboration for sustainable nickel production in Indonesia. This partnership will focus on the Pomalaa Block HPAL Project, which aims to produce up to 120 kilotons per year of mixed hydroxide precipitate (MHP) from ore supplied by PT Vale. The project is expected to begin construction this year and commence operations by 2026, supporting Ford's goal of a 2 million EV production run rate by the end of 2026. This initiative is part of a national strategy to enhance Indonesia's position as a key player in the global EV supply chain.
Ford's Vice President of Product Development Operations & Quality, Jim Baumbick, will discuss the company's Ford+ plan during a fireside chat at Bank of America's 2023 Automotive Summit on April 5, 2023, at 12:10 p.m. ET. He will outline how Ford aims to capitalize on software-enabled vehicles, including gas-powered, hybrid, and electric models. Ford has established three business segments: Ford Blue for internal-combustion vehicles, Ford Model e for EVs and software, and Ford Pro for commercial services. A strategic update on these segments will also be presented at Capital Markets Day on May 22, 2023.
Ford has announced a restructuring of its reporting based on three new global segments: Ford Blue for gas and hybrid vehicles, Ford Model e for electric vehicles (EVs), and Ford Pro for commercial products. The company reaffirmed its 2023 adjusted EBIT guidance of $9 billion to $11 billion and confirmed its late-2026 margin targets of 10% for total adjusted EBIT and 8% for Model e. Ford aims for significant growth through technology deployment and cost reduction, expecting first-generation Model e EVs to achieve a break-even contribution margin this year while investing in new product development.