Ford CEO Jim Farley has a question about President Donald Trump’s threatened tariffs on imports from Mexico, Canada, and China: Why stop there?Farley said in a conference call Wednesday that Trump’s selective approach “doesn’t make sense.” “Why are we having this conversation while Hyundai-Kia is importing 600,000 units in the U.S. with no incremental tariff? And why is Toyota able to import a half a million vehicles in the U.S. with no incremental tariffs?” Farley questioned. “If we’re going to have a tar ...

KEY TAKEAWAYSFord shares are tumbling in Thursday morning after the automaker posted a downbeat outlook weighed on by losses in its electric vehicle business that offset higher-than-estimated quarterly results.Ford Model e, the company’s EV division, reported a 2024 EBIT loss of $5.1 billion.CEO Jim Farley said tariffs on Canada and Mexico would wipe out "billions of dollars of industry profits." Ford (F) shares are tumbling Thursday morning after the automaker posted a downbeat outlook weighed on by losses ...

OpenAI 与 Google 更新大模型，OpenAI 还打算投放第一支电视广告。 美国时间本周三 Google 向所有用户开放了 Gemini 2.0 的各个模型，包括 Gemini 2.0 Flash、 Gemini 2.0 Flash-Lite 以及 Gemini 2.0 Pro Experimental。在 Chatbot Arena 排行榜上，Gemini 2.0-Pro 在所有 类别中排名第一；今天凌晨，OpenAI 宣布向所用户开放 ChatGPT 搜索功能，无需注册即可使用， 现在 ChatGPT 可以抓取实时的网络信息，给用户时效性更强的回答。 据媒体报道，预计 OpenAI 将在本周日的超级碗上投放第一支电视广告。超级碗被称作 "美国春 晚"，广告投放价格昂贵，一条 30 秒左右的广告就要 700 万美元。过去 OpenAI 一直以极少做营 销、投放著称，去年年底，OpenAI 聘请了 Coinbase Global 前营销主管 Kate Rouch 担任该公司历史 首位首席营销官，这也意味着这家公司要加速进入普通消费者市场。 特斯拉 1 月在欧洲多国销量下跌，跟马斯克最近太活跃有点关系 ...

Ford (F) reported fourth-quarter 2024 adjusted earnings per share of 39 cents, which surpassed the Zacks Consensus Estimate of 34 cents and rose from 29 cents recorded in the year-ago quarter. The company’s consolidated fourth-quarter revenues came in at $48.2 billion, up 5% year over year. F’s total automotive revenues came in at around $44.9 billion, topping the Zacks Consensus Estimate of $43.5 billion and higher than $43.3 billion generated in the year-ago quarter.Stay up-to-date with the quarterly rele ...

Yesterday Ford (NYSE: F ) reported its Q4 and FY 2024 earnings results. In this article I will go over the company's earnings, its guidance and what it means for the stock. After Q4, I think that the company'sGraduated from one of the top business schools in Europe with an MSc in Finance and passed CFA level 1 in May of 2024. I focus on stocks with a strong competitive advantage and a strong management team. I am currently revising my own portfolio and own 9 stocks as well as some ETFs. After revision I aim ...

Core Viewpoint - The CEO of Ford has stated that the tariffs imposed by Trump will have a detrimental impact on the U.S. auto industry, leading to potential job losses and increased vehicle prices [1] Company Summary - Ford's stock has experienced a decline following the CEO's comments regarding the negative effects of tariffs [1] - The company is concerned that the tariffs will increase production costs, which could ultimately be passed on to consumers in the form of higher vehicle prices [1] Industry Summary - The U.S. auto industry is facing significant challenges due to the potential for increased tariffs, which could disrupt supply chains and affect overall market competitiveness [1] - The CEO's remarks highlight the broader implications of trade policies on the automotive sector, emphasizing the need for a stable regulatory environment to foster growth [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☑ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation) (I ...

Financial Data and Key Metrics Changes - Ford's global revenue reached an all-time record of $185 billion, marking the fourth consecutive year of top-line growth [6][35] - Adjusted EBIT for the year was $10.2 billion with a margin of 5.5%, while adjusted free cash flow was $6.7 billion, achieving a cash conversion rate of 65% [36] - The company ended the year with over $28 billion in cash and nearly $47 billion in liquidity [36] Business Line Data and Key Metrics Changes - Ford Pro's revenue increased by 15% to $67 billion, with EBIT of $9 billion and a margin of 13.5% [39] - Model e experienced a 35% reduction in revenue and a 9% decline in wholesales due to industry pricing pressure, with EBIT of $1.4 billion [40][42] - Ford Blue's revenue remained flat, with EBIT of $5.3 billion and a margin of 5.2% [41] Market Data and Key Metrics Changes - The EV market is seeing increased competition and pricing pressure, with Ford's strategy focusing on affordable, high-volume vehicles [15][27] - The company noted that the industry's inventories and pricing have normalized in the ICE market, while Chinese OEMs are expanding globally [16][22] Company Strategy and Development Direction - Ford is focused on closing its competitive cost gap and improving execution and discipline on cost and quality [13][15] - The company is committed to developing a diverse range of powertrains, including hybrids and EVs, to meet customer demands [27][78] - Ford Pro is expected to drive recurring high-margin revenue through software and services, with a target of increasing the mix of software and services to 20% of Pro's EBIT [39][135] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage potential tariff impacts and emphasized the importance of maintaining pricing discipline [19][125] - The outlook for 2025 includes an expected adjusted EBIT of $7 billion to $8.5 billion and adjusted free cash flow of $3.5 billion to $4.5 billion [43] - Management acknowledged the challenges posed by evolving customer needs and regulatory changes but remains optimistic about the company's strategic direction [37][78] Other Important Information - Ford plans to reward shareholders with 40% to 50% of free cash flow, having paid out over $10 billion to shareholders over the past three years [37] - The company is enhancing its manufacturing efficiency through AI and data analytics, aiming for significant cost reductions [24][52] Q&A Session Summary Question: Calendarization of earnings and volume recovery - Management discussed the expected volume decline in Q1 and the confidence in recovery in subsequent quarters, with inventory levels expected to normalize [55][58] Question: EV plans and resource allocation - Management expressed confidence in their EV strategy, emphasizing the importance of affordability and the development of a flexible platform for EVs [63][67] Question: Strategic principles in uncertain times - Management highlighted the non-negotiable focus on cost reduction and the commitment to investing in affordable vehicles while maintaining profitability [76][78] Question: Cost savings drivers and visibility - Management provided insights into targeted efficiencies, particularly in material costs and warranty, and emphasized the detailed planning behind cost savings initiatives [110][112] Question: Pricing pressure and inventory concerns - Management acknowledged the risk of pricing pressure in the market, particularly in the Pro segment, and emphasized the importance of inventory discipline [118][125] Question: Ford Pro's profitability and future growth - Management discussed the resilience of Ford Pro's profits and the potential for growth through increased software and services mix [130][135] Question: Impact of potential tariffs - Management outlined the potential cost impacts of sustained tariffs and the company's ability to adapt its manufacturing strategies [138][141]

Core Viewpoint - Ford Motor CEO Jim Farley emphasizes the need for a comprehensive tariff policy in the automotive industry, particularly in light of potential tariffs on Canada and Mexico, while highlighting the existing import practices of competitors like Toyota and Hyundai [1][2][3] Group 1: Tariff Policy - Farley advocates for a thorough examination of tariff policies affecting the automotive sector, suggesting that any new tariffs should not selectively target specific countries [1][3] - The CEO points out that significant numbers of vehicles are imported from Japan and South Korea without facing the same tariffs that could be imposed on Canada and Mexico, creating an uneven playing field [2][3] - He warns that a piecemeal approach to tariffs could disadvantage domestic manufacturers and benefit foreign competitors [3]

Core Insights - Ford Motor projected losses of up to $5.5 billion in its electric vehicle and software operations for the year, indicating ongoing challenges in reducing costs for battery-powered models [1] - The company reported a net profit of $1.8 billion for the fourth quarter, a significant improvement from a loss of $500 million in the same quarter last year [1] - Ford's CEO, Jim Farley, expressed concerns about potential tariffs on goods from Mexico and Canada, which could significantly impact industry profits and US jobs [3][5] Financial Performance - Ford's fourth-quarter revenue reached $48.2 billion, exceeding analyst expectations of $43 billion, with adjusted earnings per share of 39 cents, surpassing forecasts of 33 cents [6] - The company met its annual guidance for 2024, recording annual EBIT of $10.2 billion, but projected lower earnings before interest and taxes of $7.0 billion to $8.5 billion for 2025 [12] Electric Vehicle Strategy - Significant cuts were made to Ford's EV plans, including the cancellation of a three-row electric SUV and delays in launching the next-generation electric F-150 Lightning truck [7][10] - Ford sold approximately double the number of hybrids compared to EVs last year, with 187,426 hybrids sold versus 97,865 EVs [9] - The company is focusing on a multi-powertrain approach to mitigate potential impacts from the elimination of the federal EV tax credit [11] Tariff Concerns - The company did not factor potential tariffs into its annual outlook, despite the recent executive order imposing 25% tariffs on goods from Mexico and Canada [13] - Tariffs could affect popular models like the Maverick pickup truck and the Mustang Mach-E SUV, which are assembled in Mexico [14] - Analysts noted that Ford is the least exposed to tariffs among the Big Three Detroit automakers, as GM and Stellantis produce more profit-rich vehicles outside the US [14]