-
New Ford CEO Jim Farley Puts Emphasis On EVs, AVs, EBIT Margins
Friday, October 2, 2020 - 5:11pm | 470Read More...The 11th CEO in Ford’s 117-year history officially took the wheel Thursday. Ford's Plan for Growth: New Ford Motor Company (NYSE: F) CEO Jim Farley plans on turning Ford around. The plan outlined by the company is: “Turn around automotive operations; allocate capital to Ford...
-
Stock Wars: Ford Vs. General Motors Vs. Tesla
Monday, September 21, 2020 - 8:00am | 1039Read More...The latest edition of Stock Wars takes a look at two massive, historic American automakers and the relative newcomer nipping at their heels. General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) are two of the oldest automotive companies, dating to 1908 and 1903,...
-
Ford CEO Jim Hackett Steps Down After 3 Years Of Trying To Spark The Automaker
Tuesday, August 4, 2020 - 9:31am | 369Read More...Ford Motor Company (NYSE: F) on Tuesday announced CEO and president Jim Hackett will step down and retire after leading the company’s transformation since May of 2017. Jim Farley, Ford’s COO, will succeed Hackett effective Oct. 1. Hackett will continue as a special...
-
Ford Falls On Q4 Earnings Miss, Lower Outlook; Notes Execution Problems Around Explorer
Tuesday, February 4, 2020 - 6:00pm | 407Read More...Ford Motor Company (NYSE: F) plunged in after-hours trading, dropping below a 52-week low after the company missed fourth-quarter earnings expectations while losing $1.7 billion during the quarter. The U.S. automaker reported quarterly earnings of 12 cents per share, while Wall Street had been...
-
Ford Shares Plunge After Q2 Earnings
Wednesday, July 24, 2019 - 4:25pm | 241Read More...Ford Motor Company (NYSE: F) shares are down after reporting a second-quarter earnings miss. Second-quarter adjusted earnings came in at 28 cents per share, missing estimates by 3 cents. Sales came in at $38.85 billion, beating estimates by $3.65 billion. Ford's adjusted EPS figure excluding a...
-
Industry Shift: With Four Departures This Year, Who Is The Longest-Tenured Automotive CEO?
Monday, July 8, 2019 - 3:04pm | 962Read More...Bayerische Moto/S ADR (OTC: BMWYY) CEO Harald Krüger’s announcement last week that he will step down as head of luxury carmaker BMW is the latest in a string of auto company CEO turnovers — the fourth this year. The departures remove decades of experience in the top posts at the...
-
Ford To Cut 7K Salaried Jobs Worldwide As Part Of Restructuring
Monday, May 20, 2019 - 10:02am | 426Read More...Ford Motor Company (NYSE: F) is eliminating 7,000 salaried jobs worldwide, about 10 percent of its global salaried workforce, according to several reports. The cuts will include 500 salaried jobs in North America. What Happened Ford CEO Jim Hackett sent a note to employees notifying them of the job...
-
Leaner And Meaner: Ford Is The Only Auto Stock Cramer Likes
Tuesday, May 7, 2019 - 12:21pm | 451Read More...Ford Motor Company (NYSE: F)'s days of producing a "one-car-fits-all worldwide strategy" have passed — which makes it the only auto stock worth buying, according to CNBC's Jim Cramer. What Happened Ford's transformation is the "real deal" as the company no...
-
Ford Beats GM To Invest $500M In Rivian, Enter Strategic Partnership On EVs
Wednesday, April 24, 2019 - 8:36am | 441Read More...Ford Motor Company (NYSE: F) announced Wednesday a strategic partnership with and $500 million minority investment in Michigan-based Rivian Automotive. As part of the arrangement, Ford will use Rivian’s platform in a new battery electric vehicle, and it will add Joe Hinrichs, president...
-
Former Amazon, Snap Exec Tim Stone To Join Ford As CFO
Thursday, March 21, 2019 - 2:04pm | 479Read More...Ford Motor Co. (NYSE: F) confirmed Thursday it has hired longtime former Amazon.com Inc. (NASDAQ: AMZN) executive Tim Stone to be the automaker’s chief financial officer, replacing Ford veteran Bob Shanks, who is retiring later this year. Stone, 52, comes to Ford from Snap Inc. (NYSE: SNAP),...
-
Ford, VW Form Alliance: 'Our Industry Is Undergoing Fundamental Change'
Tuesday, January 15, 2019 - 11:04am | 677Read More...The pioneer of the assembly line is joining forces with the company that made The People’s Car. Ford Motor Company (NYSE: F) and Volkswagen AG (OTC: VLKAF)(OTC: VLKAY) announced Tuesday a collaboration that aims to develop commercial vans and medium-sized pickups as soon as 2022. Dearborn and...
-
Ford CEO: 'We Now Have Solutions For Cities'
Wednesday, September 26, 2018 - 11:27am | 419Read More...Three technological advancements are converging simultaneously in the auto industry that could offer "solutions for cities," according to Ford Motor Company (NYSE: F) CEO Jim Hackett. What Happened The three emerging technologies in the auto sectorare the advancement of electric...
-
Ford Motor Buys Michigan Central Station: 'It's Time To Remake This Into A Place Of Possibility Again'
Tuesday, June 19, 2018 - 1:51pm | 1003Read More...The stage is set for Detroit’s Michigan Central Station — a massive architectural landmark that became a symbol of the city’s struggles as it sat empty for decades — to return to its former glory as a hub of modern transportation. In a community celebration including Detroit...
-
Ford Says Goodbye To The Focus, Taurus And Others In North America: 'This Was Expected'
Thursday, April 26, 2018 - 10:42am | 628Read More...Ford Motor Company (NYSE: F) announced Wednesday it will pare its North American car portfolio to just two vehicles. The Mustang and Focus Active crossover will survive the transition, which eliminates investment in next-generation models of the Fusion, Focus, Taurus and Fiesta. “We are...
-
Ford Rekindles Love Affair With SUVs, But Has It Learned The Lessons Of The Recession?
Thursday, October 5, 2017 - 12:44pm | 897Read More...Ford Motor Company (NYSE: F) revealed Tuesday its vision for the future of the company - indeed, for the future of how humans will interact with vehicles in general. It's a conversation the company is keen to be a part of, along with other old school automakers like General Motors Company (NYSE...
