Ford Mtr Co Del Stock Price, News & Analysis

Ford Pro, the commercial division of Ford Motor Company, has introduced new digital tools to help businesses integrate electric vans and trucks into their fleets. The key features include:

1. E-Switch Assist: A complimentary web-based tool that analyzes connected vehicle data to determine if gas-powered vehicles are suitable for transitioning to electric models.

2. Home Charging Solutions: New Ford Pro charging solutions designed for employee home use, including the Ford Pro Series 2 48-amp charger and charging management software.

These tools aim to help businesses determine when, where, and how electric vehicles can work best for them, supporting Ford's position as the leading commercial vehicle brand in America.

Ford Motor Company (NYSE: F) has announced its Q3 2024 earnings conference call details. The company will release its third-quarter 2024 financial results on Monday, Oct. 28 at 4:05 p.m. ET. At 5:00 p.m. ET, CEO Jim Farley, CFO John Lawler, and other senior management team members will host a conference call to discuss the results and the company's progress in delivering its Ford+ plan for growth and value creation.

The call will include a Q&A session with investment community representatives. Presentation materials will be available at www.shareholder.ford.com. The webcast can be accessed at a provided link, with a listen-only dial-in option available. Registration is strongly recommended for expedited access. A replay will be available after 8 p.m. ET on Oct. 28 through Nov. 4.

Nissan has agreed to invest in ChargeScape, a joint venture focused on electric vehicle-grid integration, currently owned equally by BMW, Ford, and Honda. Upon completion of the transaction, Nissan will become an equal 25% investor in ChargeScape and will implement its services for Nissan EV drivers across the U.S. and Canada.

ChargeScape's software wirelessly connects to EVs and manages electricity flow based on real-time grid conditions, offering smart charging (V1G) and vehicle-to-grid (V2G) capabilities. This platform streamlines EV-grid integration, providing financial benefits to EV drivers through managed charging and future energy sell-back options.

Nissan's involvement is significant due to its sales of over 650,000 LEAF models in the U.S., which can export power back to the grid. The company is investing heavily in bidirectional charging (V2X) capabilities for its entire electric fleet globally.

Nissan has agreed to invest in ChargeScape, a joint venture focused on electric vehicle-grid integration, becoming an equal 25% investor alongside BMW, Ford, and Honda. ChargeScape's software connects EVs to manage power flow based on grid conditions, offering smart charging (V1G) and vehicle-to-grid (V2G) capabilities. This alliance will allow Nissan to roll out ChargeScape's services to its EV drivers in the U.S. and Canada.

ChargeScape provides financial benefits to EV drivers through managed charging and V2G export, helping stabilize the grid and reduce reliance on high-emission peaker plants. Nissan's involvement is significant due to its large LEAF EV fleet and investment in bidirectional charging capabilities. The partnership aims to make EV ownership more valuable by offering incentives for participation in grid-balancing programs while contributing to CO2 emissions reduction.

BMW, Ford, and Honda have launched ChargeScape, a joint venture focusing on vehicle-grid integration. The software platform aims to integrate electric vehicles (EVs) into the power grid, enhancing grid stability and reducing charging costs for drivers. ChargeScape's technology wirelessly connects to EVs and manages electricity flow based on real-time grid conditions, offering smart charging (V1G) and vehicle-to-grid (V2G) capabilities.

The company has appointed Joseph Vellone as CEO and Kalidindi Raju as CTO. Vellone brings 15 years of experience in energy and climate sectors, while Raju has extensive expertise in cloud architecture, AI, and machine learning. ChargeScape builds on the automakers' previous work with the Open Vehicle-Grid Integration Platform (OVGIP) and aims to transform EVs from a liability into an asset for the power grid.

Universal Technical Institute (UTI) and Ford Motor Company are celebrating 25 years of partnership in educating students through Ford's Manufacturer Specific Advanced Training (MSAT) program. Over 29,000 students have graduated from this program since its inception. The 15-week Ford FACT program is offered at nine UTI campuses across the United States.

In 2022, UTI updated the Ford FACT curriculum to include electric vehicle coursework, covering high-voltage systems safety, hybrid and battery electric vehicle components, and high-voltage battery service. This update aligns with current technological advancements and industry standards.

According to Ford's TSO Technician Development Manager, FACT program graduates complete up to 70% of the training required for Ford and Lincoln Service Technicians, potentially reducing up to five years of in-dealership coursework. The program has also evolved to include EV and Mobile Service training, offering new career paths for technicians.

Ford Motor Company announced key leadership changes as Ted Cannis, CEO of Ford Pro and Ford Customer Service Division (FCSD), retires after a 35-year career. Andrew Frick, president of Ford Blue, will lead Ford Pro interim. Daniel Justo is appointed vice president of FCSD.

Under Cannis's leadership, Ford Pro has grown into a high-margin business tracking towards $70 billion in revenue this year. The division boasts 600,000 paid subscriptions in Q2 2023. FCSD, which handles global parts, services, and accessories, aims to tap into a $100 billion-plus profit pool for maintenance and repair services.

Justo, previously CFO of Ford Blue, will focus on enhancing customer service experience and building trust to support Ford's value creation plan. These changes align with Ford's strategy to strengthen its commercial vehicle and aftermarket services businesses.

Southern California Edison (SCE) and Ford Motor Company have partnered to offer electric vehicle (EV) owners compensation for supporting the grid during peak energy demand periods. Ford becomes the first major U.S. automaker to participate in SCE's Emergency Load Reduction Program (ELRP), enhancing grid resilience and advancing vehicle grid integration (VGI).

Through Ford's California Power Response program, EV drivers can earn $1 per kWh of energy reduced during peak grid events. This initiative demonstrates the growing importance of collaboration between automakers and utility companies to support grid resiliency as more EVs enter the market. The program utilizes Ford's managed charging solution and is expected to provide valuable load reduction during peak demand periods.

Ford Pro CFO Navin Kumar will discuss growth opportunities in the commercial vehicle market at the Goldman Sachs Communacopia + Technology Conference on Sept. 10. Kumar will highlight Ford Pro's unique position in software and physical services during a fireside chat with auto analyst Mark Delaney.

The discussion will focus on how Ford Pro's combination of propulsion choices and tailored services brings value to commercial customers. Kumar will also explain how Ford Pro drives growth, margins, and capital efficiency while reducing cyclicality as part of the Ford+ plan.

The event will be webcast and transcribed, available at shareholder.ford.com. This presentation aligns with Ford's overall strategy to enhance customer experiences and deepen loyalty through its Ford+, Ford Blue, Ford Model e, and Ford Pro business segments.