NYSE:F

Customers Find Appeal in ‘Freedom’ of Ford Powertrain Choices, Contributing to Solid Q1 Results, Setting up Strong Full Year

Retrieved on: 
Wednesday, April 24, 2024

Ford Motor Company (NYSE:F) today reported its 2024 first quarter financial results.

Key Points: 
  • Ford Motor Company (NYSE:F) today reported its 2024 first quarter financial results.
  • Click here or visit media.ford.com to view the news release.
  • Visit shareholder.ford.com for the slide presentation and access the webcast to the Ford earnings call, which begins at 5:00 p.m.
  • The call will feature Jim Farley, president and CEO; John Lawler, chief financial officer; and other members of the Ford senior management team.

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

Retrieved on: 
Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points: 
  • The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
  • Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
  • It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
  • "Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

Retrieved on: 
Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points: 
  • The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
  • Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
  • It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
  • "Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

Ford Updates EV, Hybrid Plans, Readies Manufacturing Plants

Retrieved on: 
Thursday, April 4, 2024

By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America.

Key Points: 
  • By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America.
  • In the first quarter of 2024, Ford’s electric vehicle sales increased by 86% and hybrid sales rose 42% versus a year ago.
  • Prospective employees can meet with Ford representatives at the new Ford Tennessee Discovery Center in Brownsville, Tenn., once it opens.
  • Employees at the plant, like at other Ford manufacturing facilities, will use wearable technology to support high-quality and efficient manufacturing.

Ford Motor Company Issues 2024 Proxy Statement, Announces May 9 as Date for Virtual Annual Meeting

Retrieved on: 
Friday, March 29, 2024

Ford today published its 2024 proxy statement and announced the date of the company’s 2024 annual meeting of shareholders, which will again be held virtually.

Key Points: 
  • Ford today published its 2024 proxy statement and announced the date of the company’s 2024 annual meeting of shareholders, which will again be held virtually.
  • The proxy statement and details about the annual meeting can be viewed in the “Reports & Filings” section at shareholder.ford.com , under “Annual Reports & Proxy Statements.” The annual meeting will take place online at 8:30 a.m. Eastern Time on Thursday, May 9.
  • Shareholders can listen, vote and submit questions by logging in at www.virtualshareholdermeeting.com/FORD2024 .

CFO Lawler to Affirm Full-Year 2024 Operating Guidance, Review Ford+ Growth Plan at BofA Auto Summit Today

Retrieved on: 
Tuesday, March 26, 2024

That’s the summary of what Ford CFO John Lawler will say today (Tuesday) during fireside-chat remarks at the BofA Securities Auto Summit.

Key Points: 
  • That’s the summary of what Ford CFO John Lawler will say today (Tuesday) during fireside-chat remarks at the BofA Securities Auto Summit.
  • Lawler will speak at 12:10 p.m.
  • His comments will be webcast “live” and on replay and a transcript of them will be available afterward, all via shareholder.ford.com .
  • Ford plans to report first-quarter 2024 financial results on Wednesday, April 24.

Ford and Allego Partner to Electrify European Dealership Network with Ultra-Fast Charging

Retrieved on: 
Tuesday, March 26, 2024

Ford (NYSE: F) and Allego N.V. (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced a strategic partnership to bring ultra-fast charging infrastructure to hundreds of Ford dealerships across Europe.

Key Points: 
  • Ford (NYSE: F) and Allego N.V. (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced a strategic partnership to bring ultra-fast charging infrastructure to hundreds of Ford dealerships across Europe.
  • Delivering up to 400 kW charging, Allego ultra-fast charging stations at Ford dealerships will be accessible to EV drivers around the clock and compatible with vehicles that offer DC charging capability regardless of manufacturer.
  • Allego’s Chief Executive Officer, Mathieu Bonnet, commented, “Allego continues to expand its network to meet the demand for charging that comes with more EVs on the road.
  • Automakers like Ford are stepping up to the plate by producing a greater selection of EVs as the European market fully transitions to electric.

Lawler to Discuss Customer-Focused Ford+ Growth Plan at Bank of America Securities Auto Summit

Retrieved on: 
Tuesday, March 12, 2024

Ford CFO John Lawler will discuss the company’s customer-centered Ford+ plan to improve growth, margins and capital efficiency while reducing cyclicality at the upcoming BofA Securities Auto Summit.

Key Points: 
  • Ford CFO John Lawler will discuss the company’s customer-centered Ford+ plan to improve growth, margins and capital efficiency while reducing cyclicality at the upcoming BofA Securities Auto Summit.
  • The conference is scheduled for Tuesday, March 26; Lawler will be speaking at 12:10 p.m.
  • During the fireside chat, Lawler will highlight Ford's lineup of iconic, software-defined leading gas, hybrid and electric vehicles.
  • He will explain how Ford’s distinct business segments – Ford Blue, Ford Pro and Ford Model e – are providing great customer insights and the flexibility to allocate capital to meet the dynamic needs of customers around the world.

Cisco and Ford Motor Company Rollout Webex App for Productivity on the Move

Retrieved on: 
Tuesday, March 26, 2024

ORLANDO, Fla., March 26, 2024 /PRNewswire/ -- At Enterprise Connect today, Cisco (NASDAQ: CSCO) and Ford Motor Company (NYSE: F) announced that the Webex app by Cisco for conferencing and collaboration is now available for download in the all-new Ford and Lincoln Digital Experience. This unique experience available for Ford and Lincoln customers on select vehicles, will empower the freedom of choice to work from anywhere, with seamless connectivity and immersive meeting experiences.

Key Points: 
  • Cisco and Ford roll out an embedded in-vehicle experience for Ford and Lincoln customers by bringing the Webex app to vehicles equipped with the Ford and Lincoln Digital Experience.
  • ORLANDO, Fla., March 26, 2024 /PRNewswire/ -- At Enterprise Connect today, Cisco (NASDAQ: CSCO) and Ford Motor Company (NYSE: F) announced that the Webex app by Cisco for conferencing and collaboration is now available for download in the all-new Ford and Lincoln Digital Experience .
  • Webex is the first to introduce immersive meeting and audio calling in the Ford and Lincoln Digital Experience.
  • To see what else Cisco is showcasing at Enterprise Connect from March 25-28, 2024, please visit the Cisco booth in Expo Hall, Booth 1607.

A Decade of Success: Ford Pro Marks 10th Anniversary of Transit Van in America with Upgrades to E-Transit, Charging & Software

Retrieved on: 
Tuesday, March 5, 2024

Charging Solutions: Ford Pro offers a complete range of charging solutions, including public, home, hybrid and depot charging, with 927 commercial charging depots under management.

Key Points: 
  • Charging Solutions: Ford Pro offers a complete range of charging solutions, including public, home, hybrid and depot charging, with 927 commercial charging depots under management.
  • Ford Pro’s software helps manage charging across multi-make fleets and depot, home and public charging to maximize uptime and minimize charging costs.
  • Ford Pro Home Charging: A great companion to the Series 2 48A charger is Ford Pro Home Charging software, ideal for fleet operators with vehicles that are taken home to charge.
  • Ford Pro Telematics, Ford Pro Data Services and Ford Pro Telematics with Dashcam each require a purchased and/or additional subscription.