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.
Ford Credit CFO Brian Schaaf will speak at a fireside chat led by credit analyst Avi Steiner during the J.P. Morgan Automotive Conference on August 9 at 8:50 a.m. ET. The discussion will cover Ford Credit’s financial results, funding, liquidity, and portfolio performance. Interested parties can view the event online.
ioneer Ltd has signed a binding offtake agreement with Ford Motor Company to supply 7,000 tonnes per annum of lithium carbonate from its Rhyolite Ridge Lithium-Boron Project in Nevada. This 5-year agreement, starting in 2025, represents approximately 34% of ioneer's annual lithium carbonate production. With this strategic partnership, ioneer aims to support the U.S. electric vehicle supply chain through its environmentally sustainable lithium production, thereby creating jobs and enhancing energy independence.
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Compass Minerals (NYSE: CMP) has signed a non-binding memorandum of understanding (MOU) with Ford Motor Company (NYSE: F) to explore supplying battery-grade lithium from its Ogden, Utah facility. This collaboration is expected to secure a substantial portion of Compass' lithium production beginning in 2025, contributing to an anticipated annual capacity of 30 kMT to 40 kMT of lithium carbonate equivalent. The MOU follows a similar agreement with LG Energy Solution, marking a significant step in supporting North America's electric vehicle market.
Ford has secured 60 GWh of annual battery capacity to achieve a global run rate of 600,000 EVs by late 2023. The company plans to introduce lithium iron phosphate batteries for Mustang Mach-Es and F-150 Lightnings in North America. Ford aims for over 2 million EVs annually by 2026, having sourced 70% of required battery capacity. With a projected 90% CAGR for EVs through 2026, Ford's commitment includes $50 billion investment in EVs and a focus on sustainability, aiming for carbon neutrality by 2050.
Ford Motor Company, based in Dearborn, Mich., will update its Ford+ plan aimed at leading the electric vehicle (EV) revolution on Thursday, July 21, at 8:00 a.m. ET. Key executives will outline plans to increase global EV production to a run rate of 600,000 vehicles, escalating to over 2 million EVs annually by 2026. The event will include a live conference call and a Q&A session. Investors and media can participate via a toll-free number or through a webcast.
Ford Motor Company (NYSE:F) will release its second-quarter 2022 financial results on July 27, 2022, at 4:05 p.m. ET. Following the release, CEO Jim Farley and CFO John Lawler will host a conference call at 5:00 p.m. ET to discuss the results, allowing the investment community to ask questions. Supporting materials will be available at www.shareholder.ford.com. A replay of the call will be available from 8 p.m. ET on July 27 to August 3, including toll-free numbers and a webcast link.
Ford Motor Company announces significant leadership changes with the upcoming retirements of Hau Thai-Tang on Oct. 1 and Frederiek Toney on Dec. 1. Thai-Tang has had a notable 34-year career, leading product development, including acclaimed vehicles like the Ford Mustang and F-150 Lightning. Toney, after 22 years, contributed to record growth in the Ford Customer Service Division. Dave Bozeman joins Ford as of Sept. 1 to lead the global customer service division and enthusiast vehicle product line.
Ford will discuss its Q2 2022 financial performance and future expectations on July 28, 2022, during a fireside chat hosted by BNP Paribas Exane. Key leaders, including CFO John Lawler and Ford Blue President Kumar Galhotra, will outline the company's Ford+ growth strategy. The Q2 results will be announced on July 27, 2022. Topics will include leveraging strengths in electric vehicles and connected services to enhance growth.
Ford Motor Company (NYSE: F) has released its June 2022 U.S. sales results, showcasing the company's performance and market trends. While specific sales figures are not mentioned, the press release emphasizes Ford's commitment to customer relationships and innovative vehicle offerings, including trucks, SUVs, and luxury vehicles under the Lincoln brand. Ford continues to focus on mobility solutions, such as self-driving technology, and aims to enhance customer loyalty through its Ford+ growth strategy.