Ford Mtr Co Del Stock Price, News & Analysis

Ford Motor Company has announced plans to expand F-Series Super Duty production to its Oakville Assembly Complex in Ontario, Canada, starting in 2026. This move will boost production capacity by 100,000 units annually, addressing high demand for one of Ford's most popular and profitable vehicles. The expansion includes:

- A $3 billion investment, with $2.3 billion for assembly and stamping operations at Oakville
- Initially securing 1,800 jobs at Oakville Assembly Complex
- Adding 150 jobs at Windsor Engine Complex
- Creating 70 new jobs and additional overtime at U.S. component plants

This expansion supports Ford's strategy for profitable growth, maximizing its manufacturing footprint, and expanding its Ford Pro commercial business. The company also plans to introduce multi-energy technology to future Super Duty trucks and develop three-row electric utility vehicles.

Ford Pro, Ford Motor Company's commercial division, has launched the Ford Pro Smart Charging Bundle in California. This initiative offers complimentary Ford Pro Level 2 EV chargers to businesses subscribed to Ford Pro Charging software. The bundle includes advanced energy management features to automate demand response to grid events, reporting, and manage Low Carbon Fuel Standard carbon credits.

The program aims to simplify the adoption of electric vehicles for businesses, improve operations, and reduce EV charging costs. Ford Pro's Charging Software includes an automated demand-to-grid response solution that reacts to grid events in California by pausing and resuming charging as needed. This helps reduce grid burden and the risk of power outages.

Ford Pro will manage enrollment in California grid demand response programs and the Low Carbon Fuel Standard carbon credits program for customers. The initiative supports Ford's position as a leading commercial vehicle brand, offering integrated solutions for commercial and government customers.

Adriana Cisneros, CEO of Cisneros Group, has been elected to the Ford Motor Company board of directors, expanding the board to 15 members. Cisneros, who became CEO of Cisneros Group in 2013, has transformed the company into a global leader in digital advertising, media, entertainment, and real estate.

As a board member, she will serve on Ford's Nominating and Governance, and Sustainability, Innovation and Policy committees. Bill Ford, Executive Chair, praised her innovative leadership and strategic thinking, which he believes will benefit Ford as it navigates a new era in the automotive industry.

Cisneros also holds board positions at Mattel, AST Spacemobile, and the Paley Center for Media. She is a trustee of the Knight Foundation and involved with the Museum of Modern Art in New York City. She holds degrees from Columbia University and New York University, and has completed leadership programs at Harvard Business School.

Ford Motor Company (NYSE: F) will release its second-quarter 2024 financial results at 4:05 p.m. ET on July 24, 2024. An earnings conference call hosted by CEO Jim Farley, CFO John Lawler, and other senior management will follow at 5:00 p.m. ET. The call will cover the company's financial performance and progress on its Ford+ growth plan. Investors can access the presentation materials and join the webcast via the company’s investor relations website. Replay options for the conference call will be available from July 24 at 8:00 p.m. ET through July 31, 2024.

Ford (NYSE: F) has secured a 10-year naming rights agreement for a new luxury outdoor amphitheater in Colorado Springs, previously known as The Sunset. The venue, now named Ford Amphitheater, is set to open on August 9, 2024, with a grand opening weekend featuring performances by OneRepublic and other notable artists. The $90 million, 8,000-capacity venue includes 92 VIP luxury fire pit suites and is expected to generate over 100 million impressions annually. This landmark agreement, powered by local Colorado Ford dealerships, underscores Ford's long-term commitment to the venue's operator, Venu Holding , and its partnership with leading concert promoter AEG Presents.

Ford CFO John Lawler will discuss the Ford+ plan at the Deutsche Bank 2024 Global Automotive Conference on June 11, 10:30 a.m. ET. The plan focuses on growing margins, improving capital efficiency, and enhancing business durability. Lawler will highlight the benefits of Ford's business segments - Ford Blue, Ford Pro, and Ford Model e - and how they provide insights and flexibility in capital allocation. The discussion will cover Ford's iconic vehicles, both gas and electric, including their digital and physical services. A webcast link for the session will be available, with more information on Ford's investor site.

The City of Dallas has signed a 10-year agreement with Ford Pro, the commercial division of Ford, to advance its electric vehicle (EV) charging infrastructure. This move aligns with Dallas' Climate Action Plan that aims to electrify the city's fleet by 2040. Ford Pro will provide the necessary hardware and smart charging software to ensure optimal performance and efficiency of the city's EV fleet. The initiative is expected to lower operational costs, reduce emissions, and improve air quality. The agreement will see the installation of Ford Pro chargers at various city worksites and the use of Ford Pro's integrated software to manage the EV charging infrastructure. Dallas Mayor Eric L. Johnson highlighted the significance of this milestone in the city's efforts to promote a cleaner environment.

Ford President and CEO Jim Farley will discuss the company's Ford+ plan at the Bernstein 40th Annual Strategic Decisions Conference on May 30 in New York City. Scheduled for 9:00 a.m. ET, Farley will share insights on how Ford's distinct business segments – Ford Blue, Ford Pro, and Ford Model e – enhance customer experience and capital flexibility. The company aims to grow, increase margins, and improve capital efficiency through a lineup of gas, hybrid, and electric vehicles integrated with both physical and digital services. A webcast of the session will be available. For more information, visit shareholder.ford.com.

Ford Motor Company announced senior leadership changes to further its Ford+ plan and accelerate profitable growth. John Lawler, CFO, will also become vice chair, focusing on future strategies, partnerships, and global policy. Sherry House joins as Finance VP, transitioning to CFO in early 2025, overseeing financial planning and analysis.