Ford Mtr Co Del Stock Price, News & Analysis

LexisNexis Risk Solutions and Ford Motor Company announced a strategic agreement to provide U.S. auto insurers access to Ford connected vehicle data. This initiative aims to enhance usage-based insurance (UBI) programs for Ford and Lincoln drivers of eligible 2020 models, potentially lowering their insurance costs through personalized offerings. The partnership allows insurers to better segment risk using driving behavior insights gleaned from the LexisNexis Telematics Exchange, benefiting consumers seeking cost savings in vehicle ownership.

Ford Pro, a dedicated business unit within Ford, has announced a new leadership team aimed at enhancing services for commercial and government clients. The team, led by CEO Ted Cannis, includes executives from diverse backgrounds, tasked with improving customer uptime and reducing ownership costs. Ford aims to generate $45 billion in revenue from its services by 2025, up from $27 billion in 2019. The company is also expanding its service centers and mobile service offerings to better serve its client base.

Ford announced significant operational changes in India, including ceasing vehicle manufacturing while expanding its Business Solutions team. The company will grow its employee base to focus on engineering and technology amidst accumulated losses exceeding $2 billion over the past decade. Ford plans to import iconic models like the Mustang and invest over $30 billion in hybrid and electric vehicles. The restructuring aims to create a sustainably profitable business while providing ongoing support to affected employees and customers.

Ford's COO, Lisa Drake, will address the company's advancements in environmental sustainability and its electric vehicle strategy at the Morgan Stanley Laguna Conference on September 13 at 1:30 p.m. ET. She will discuss the electrification of iconic models like the F-150 Lightning and Mustang Mach-E, highlighting vertical integration in battery production and recycling as crucial for cost competitiveness and environmental benefits. This session aims to showcase Ford's commitment to leading the electric revolution.

Ford has appointed Doug Field as its chief advanced technology and embedded systems officer, effective immediately. Field, previously VP at Apple and a former senior vice president at Tesla, will report to President and CEO Jim Farley. He is tasked with leading the development of the Blue Oval Intelligence tech stack, aiming to enhance Ford's connected vehicle experiences. Field will collaborate with Hau Thai-Tang to advance Ford's Ford+ growth plan, focusing on innovations in embedded software and hardware.

Ford Motor Company (NYSE: F) announced its August 2021 U.S. sales results, highlighting the F-Series performance, which surged by 11 percent compared to July, marking the best performance since the semiconductor chip shortage began. Additionally, the F-150 Lightning has amassed over 130,000 reservations, indicating strong demand for its electric vehicles. This success is part of Ford's strategy to leverage its strengths in electrification and connected vehicle services.

Brian Schaaf, CFO of Ford Motor Credit Company, is set to hold a fireside chat at the J.P. Morgan Automotive Conference on August 12 at 11:25 a.m. The discussion will cover Ford Credit's financial results, funding, liquidity, and portfolio performance, followed by a Q&A session. Participants can join the online webcast.

Ford Motor Company (NYSE: F) reported its U.S. sales results for July 2021, highlighting ongoing efforts in building a better world through its Ford+ growth plan. The company is focused on electrification, connected vehicle services, and mobility solutions, aiming to deepen customer loyalty. Ford employs around 182,000 people worldwide, designing and manufacturing a diverse range of vehicles including trucks, vans, and luxury cars. For further details, visit their official site.

Ford's chief product platform and operations officer, Hau Thai-Tang, will present key elements of the Ford+ growth strategy during a fireside chat at the J.P. Morgan Virtual Automotive Conference on August 11 at 8:00 a.m. ET. The Ford+ plan emphasizes customer engagement, leveraging iconic nameplates, leading in electrification, and enhancing connected services to drive customer loyalty and recurring revenue. The event offers insights into Ford's innovative strategies aimed at creating value and deepening relationships with customers.