Core Viewpoint - Ford is restructuring its sales channels in China by establishing a wholly-owned subsidiary, Ford Sales Service Company, to manage marketing, sales, and service for its passenger cars and pickup trucks in the Chinese market, marking a significant shift in its operational strategy [2][5]. Group 1: Company Restructuring - On September 23, Ford China announced the establishment of Ford Sales Service Company, which will officially start operations on October 1 [2]. - Chen Xiaobo has been appointed as the president of Ford Sales Service Company, previously holding key positions in Changan Ford and other marketing roles [2]. - The new company will unify the sales of Changan Ford, Ford imported vehicles, and Jiangling Ford, which includes models like Changan Ford Edge and Explorer, as well as Jiangling Ford's Lingrui and F-150 Raptor [3][4]. Group 2: Financial Performance and Challenges - Jiangling Ford Technology Company has been operating at a loss since its inception, with revenues of 1.24 million, 6.43 million, and 53.23 million from 2022 to 2024, and net losses of 1.06 million, 8.39 million, and 6.77 million respectively, totaling approximately 16.22 million in losses over three years [4]. - As of mid-2023, Jiangling Ford Technology Company reported total assets of about 875 million and a negative net asset of 1.42 billion [4]. Group 3: Strategic Implications - The establishment of Ford Sales Service Company aligns with CEO Jim Farley's strategy to reduce investment in China and focus on high-return businesses, indicating a strategic retreat in the Chinese market [5]. - The integration of sales channels is seen as a necessary step to streamline operations and improve profitability, as the previous fragmented sales structure was no longer suitable for Ford's strategy in China [4][5].

Core Viewpoint - Ford Motor is establishing a wholly-owned subsidiary in China to enhance its sales, marketing, and aftersales operations, aiming to improve customer experience and expand its product portfolio, particularly in new energy vehicles [1][3]. Group 1: Subsidiary Establishment - The new subsidiary will be located in Shanghai and is set to begin operations in early October [2]. - It will manage Ford's passenger and light commercial vehicle post-production business, consolidating marketing, sales, and service activities under one management structure [2]. Group 2: Strategic Goals - Ford aims to build a vibrant and sustainable retail and service network in China as part of its global brand upgrade strategy [3]. - The company plans to enhance the customer experience in both sales and aftersales, with a strong focus on expanding its product offerings in new energy vehicles (NEVs) [3]. Group 3: Leadership - The new subsidiary will be led by Chen Xiaobo, who has prior experience in senior sales and marketing roles at Changan Ford and Renault China, reporting directly to Ford China's CEO Wu Shengbo [4].

据路透社9月24日报道，美国国家公路交通安全管理局发布信息显示，因转向柱上部轴可能脱落，存在 导致转向失控的风险，福特将在美国召回11.55万辆汽车。（中国汽车报） ...

Core Insights - Ford Motor Company (China) announced the establishment of Ford Sales and Service (Shanghai) Co., Ltd., which will begin operations on October 1, 2023, to manage marketing, sales, and service for Ford brand passenger cars and pickup trucks in China [1] - The new wholly-owned subsidiary will integrate sales operations from Changan Ford, Jiangling Ford, and others under one umbrella, aiming to enhance brand image and consumer experience [1] - The upgraded sales network will introduce the "Ford Zongheng" lifestyle system, covering four key areas: experience space, outdoor lifestyle community, personalized modifications, and vehicle services, promoting an outdoor lifestyle for Ford users [1] Company Leadership - Chen Xiaobo has been appointed as the president of Ford Sales and Service Company, reporting to Wu Shengbo, the president and CEO of Ford China and Ford International Markets Group [1] - Chen Xiaobo has held significant positions in Changan Ford New Energy Technology Co., Ltd. and has experience in management roles at Changan Automobile and Renault China [2]

Core Points - Ford is recalling more than 115,000 trucks due to a defect that could cause drivers to lose control of steering [1][2][4] - The affected models include F-250, F-350, and F-450 from the model years 2020 through 2021 [1][2] - The National Highway Traffic Safety Administration (NHTSA) reported that the upper shaft of the steering column may detach [1][2] Recall Details - The recall affects a total of 115,539 vehicles [1][4] - Ford dealers will inspect and repair or replace the faulty component at no cost to the owners [2] - Notification letters to vehicle owners are expected to be mailed on October 6, with additional letters to follow once a final remedy is available, anticipated in December 2025 [2] Related Recalls - This recall follows a previous announcement by Ford regarding the recall of 1.9 million vehicles globally due to defective rearview cameras [6] - In August, NHTSA indicated that over 355,000 Ford trucks sold in the U.S. were recalled for issues related to the dashboard display [7]

Industry Overview - The global manufacturing market is valued at $14.16 trillion in 2024 and is projected to reach $20.76 trillion by 2031, growing at a CAGR of 4.9% [2] - The shift from conventional mass production to smart manufacturing is significant, incorporating cloud computing, IoT, and AI to create intelligent production ecosystems [3] Cybersecurity in Manufacturing - Cybersecurity has become increasingly important for small and medium-sized manufacturers (SMMs) due to the rise in cyberattacks associated with digital advancements [3] Company Highlights PACCAR Inc (NASDAQ:PCAR) - PACCAR is focusing on digital transformation and autonomous vehicle technologies, with plans for $800 million in capital expenditures for 2025 to enhance fleet efficiency and regulatory compliance [8][11] - The company declared a quarterly cash dividend of $0.33 per share, indicating strong financial health [9] - PACCAR is innovating with advanced battery-electric vehicles and has made strategic investments to ramp up electric truck production [10] Ford Motor Company (NYSE:F) - Ford is accelerating its transformation towards electric vehicles and digital manufacturing, with the introduction of the Universal EV Platform and a $30,000 battery-electric pickup planned for 2027 [12][13] - The company launched a global brand campaign, "Ready Set Ford," to improve customer loyalty amid operational challenges [14] - Ford's modular manufacturing and software-defined vehicles position it for long-term competitiveness in the automotive market [15] TE Connectivity PLC (NYSE:TEL) - TE Connectivity serves multiple markets and demonstrated strong financial momentum with double-digit sales and earnings growth in 2025 [16][17] - The company expanded its North American energy footprint with a $2.3 billion acquisition, enhancing its industrial and energy segments [18] - TE Connectivity is recognized for its innovation and ethical practices, actively integrating AI and automation into its operations [19]

Ford Motor TodayFFord Motor$11.62 -0.11 (-0.90%) 52-Week Range$8.44▼$11.99Dividend Yield5.16%P/E Ratio14.88Price Target$10.53Add to WatchlistShares of Ford Motor Co. NYSE: F are now trading at 97% of their 52-week highs and carry enough momentum to increase the chances of it breaking into new highs well before 2025 is over. The reason behind the rise is apparent, but the question for investors remains: is the rally sustainable? The answer is yes, and the reasoning lies in both Ford’s operational foresight ...

Core Viewpoint - Ford China has announced the establishment of Ford Sales Service Company in Shanghai, merging the sales and service operations of Jiangling Ford and Changan Ford, in response to declining sales and significant losses in the electric vehicle sector [1][6][8] Group 1: Strategic Adjustments - The newly formed Ford Sales Service Company will manage marketing, sales, and service for Ford's passenger cars and pickup trucks in China, aiming to enhance operational efficiency and customer experience [3][9] - The integration of Jiangling Ford and Changan Ford channels is expected to consolidate approximately 300 dealerships, improving profitability for dealers [3][9] Group 2: Market Performance - Ford's sales in China have been declining, with Changan Ford experiencing a drop in sales for several consecutive months, leading to the closure of some dealerships [6][7] - In Q2 2025, Ford reported revenue of $50.184 billion, a 4.97% increase, but net profit turned to a loss of $36 million, marking a downward trend for two consecutive years [6][7] Group 3: Electric Vehicle Challenges - Ford's electric vehicle business has faced substantial losses, with a reported loss of $5.1 billion in 2024 and $1.3 billion in Q2 2025 [6][7] - The company is accelerating its electric vehicle strategy, investing an additional $5 billion to develop new electric platforms and models, but has fallen behind competitors in the EV market [8][9] Group 4: Future Outlook - Experts suggest that while the channel integration may reduce internal conflicts and enhance dealer profitability in the short term, Ford must invest in product development tailored to the Chinese market and improve supply chain efficiency for long-term success [9]

Core Points - Ford is recalling over 115,000 trucks due to a defect that may cause drivers to lose control of steering [1] - The affected models include F-250, F-350, and F-450 from model years 2020 to 2021 [1] - The National Highway Traffic Safety Administration (NHTSA) reported that the upper shaft of the steering column could detach [1] Recall Details - A total of 115,539 vehicles are impacted by this recall [1] - Ford dealers will inspect and repair or replace the faulty component at no cost to the owners [4] - Notification letters to vehicle owners are expected to be mailed on October 6, with additional letters to follow once a final remedy is available, anticipated in December 2025 [4] Related Recalls - Ford is also recalling 1.9 million vehicles globally due to defective rearview cameras that may increase crash risk [2][8] - Additionally, over 850,000 cars, trucks, and SUVs are being recalled for potential fuel pump failures [5] - More than 355,000 Ford trucks were recalled in August due to issues with the dashboard display [10]

Core Insights - Ford Motor is implementing special financing options for consumers with subprime credit ratings to boost F-150 pickup truck sales before the end of Q3 [1][2] - The initiative aims to make vehicles more affordable and reduce inventory levels, despite the higher risk of default associated with lower credit scores [2][3] Financing Details - Ford is offering lower interest rates to consumers with FICO scores below 620, which are typically reserved for those with better credit [2][4] - The average new auto loan rate was approximately 9% as of July, with subprime rates ranging from 18% to 20% [5] - Ford Credit has reported that only 3% to 4% of its financing has been extended to higher-risk consumers since 2024, with an average FICO score of 748 [6] Market Context - Sales of Ford F-Series trucks, including the F-150, increased by 12.7% year-to-date entering September, but saw a decline of 3.4% in August compared to the previous year [7] - The pricing for the 2025 F-150 varies from approximately $39,000 to over $100,000, reflecting ongoing concerns about vehicle affordability in the current high-interest-rate environment [7] - Other automakers, such as Stellantis and General Motors, are also offering competitive financing options to attract buyers [8][9]