NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Ford Motor Company (NYSE: F) between April 27, 2022 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 7, 2024 lead plaintiff deadline. SO WHAT: If you purchased Ford securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO N ...

HAUPPAUGE, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Intelligent Product Solutions (IPS), a Forward Industries (NASDAQ: FORD) company, announced today that Brad Carlson joined the company as Vice President of Technology and Business Development. A leading research and development executive, Dr. Carlson has more than 20 years of experience in medical devices and industrial markets specializing in product strategy, new product development, and revenue growth through differentiated product launches. "We are plea ...

Core Viewpoint - A class action lawsuit has been filed against Ford Motor Company due to alleged misleading statements and failure to disclose material facts regarding warranty costs and vehicle quality issues, leading to significant financial losses for investors [1][5]. Financial Performance - Ford's second quarter 2024 financial results indicated that profitability was negatively impacted by an increase in warranty reserves and higher warranty costs, totaling $2.3 billion, which is $800 million more than the first quarter and $700 million more than the same period last year [3][4]. Stock Market Reaction - Following the announcement of the financial results, Ford's share price dropped by $2.51, or 18.36%, closing at $11.16 per share on July 25, 2024, with unusually high trading volume [4]. Allegations in the Lawsuit - The lawsuit claims that Ford's management made materially false and misleading statements and failed to disclose significant quality assurance deficiencies, resulting in higher warranty costs and an inaccurate reflection of warranty reserves, which ultimately affected the company's profitability [5].

Core Viewpoint - Ford Motor Company is under investigation for potential violations of federal securities laws and unlawful business practices, following a significant drop in its stock price after disappointing financial results [4][5][7]. Group 1: Investigation Details - Bragar Eagel & Squire, P.C. is leading the investigation on behalf of Ford stockholders [4]. - The investigation focuses on whether Ford has engaged in unlawful business practices that may have harmed investors [4]. Group 2: Financial Performance - On July 24, 2024, Ford reported its second quarter financial results, which fell short of consensus estimates due to quality issues with new vehicles leading to increased warranty costs [7]. - Following the announcement of these results, Ford's stock price decreased by $2.51, or 18.4%, closing at $11.16 per share on July 25, 2024 [5].

Core Viewpoint - Penske Automotive Group, Inc. has announced the acquisition of Bill Brown Ford in southeastern Michigan, which is expected to generate an estimated annualized revenue of $550 million, expanding its retail operations in the Midwest [1][3]. Group 1: Acquisition Details - The acquisition includes over 200,000 square feet of facilities across 29 acres, comprising a main dealership, a pre-owned facility, a fleet maintenance center, and a collision center [2]. - Bill Brown Ford has received the Ford President's Award 18 times, indicating a strong commitment to performance, customer service, and satisfaction [2]. Group 2: Company Operations and Performance - Year-to-date 2024, Penske Automotive Group has completed acquisitions totaling nearly $2 billion in estimated annualized revenue [3]. - The company operates dealerships in multiple countries, including the United States, Canada, and Australia, and is a leading retailer of commercial trucks in North America [4]. Group 3: Employment and Community Engagement - Penske Automotive Group employs over 28,500 people globally and emphasizes building partnerships within the community and empowering employees [3][4].

The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement to maintain its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement for a period of time sufficient to regain compliance with Nasdaq listing requirements. About: Forward (NASDAQ: FORD) is a New York-based global design, sourcing and distribution company serving top tier medical and technology customers worldwide. HAUPPAUGE, N.Y., June 14 ...

Core Viewpoint - Forward Industries, Inc. will implement a 1-for-10 reverse stock split effective June 18, 2024, to comply with Nasdaq's minimum bid price requirement [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert ten shares of common stock into one share, maintaining the par value at $0.01 per share [5]. - No fractional shares will be issued; any fractional shares will be rounded up to the nearest whole share [3]. - The reverse stock split will not affect stockholders' percentage interest in the company's equity, except for rounding adjustments [3]. Group 2: Compliance and Approval - The reverse stock split aims to help the company meet the $1.00 minimum bid price requirement for Nasdaq listing compliance [2]. - Shareholders approved the reverse stock split proposal at a special meeting on June 10, 2024, with the board of directors deciding on the 1-for-10 ratio [4]. Group 3: Operational Aspects - The company's transfer agent, Equiniti Stock Transfer, will manage the exchange process for the reverse stock split [7]. - Registered stockholders will not need to take action to receive post-split shares, as their positions will be automatically adjusted [7].

HAUPPAUGE, N.Y., June 12, 2024 (GLOBE NEWSWIRE) -- Intelligent Product Solutions (IPS), a Forward Industries (FORD) company, today announced the launch of its Advanced Concept Studio division, leveraging its expert Industrial Design and UI/UX team and growing capabilities. Advanced Concept Studio is focused on human-centered design, product strategy, physical and digital product design, user experience design, VR/AR visualization and AI interface development. Advanced Concept Studio specializes in transform ...

Core Insights - Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (FORD), has launched its Advanced Concept Studio division, focusing on human-centered design and various innovative product development areas [1][5] - The Advanced Concept Studio specializes in transforming innovative ideas into impactful solutions, emphasizing rapid prototyping, user research, and interdisciplinary collaboration [4] Company Overview - IPS has a decade-long history of developing award-winning products, including enterprise computing devices for Zebra Technologies and various medical and defense products [3] - The Advanced Concept Studio (ACS) is committed to excellence and innovation in design projects, aligning user insights with technological possibilities to exceed client expectations [5] Product Innovations - Among its design innovations is the EON robotic aesthetic laser, which is utilized for non-invasive fat reduction therapy, making the process easier, painless, and safer [2]

Exhibit 99.1 The tables below are derived from the Company's condensed consolidated financial statements included in its Form 10-Q filed on May 10, 2024 with the Securities and Exchange Commission. Please refer to the Form 10-Q for complete financial statements and further information regarding the Company's results of operations and financial condition relating to the fiscal quarters ended March 31, 2024 and 2023. Please also refer to the Company's Form 10-K for a discussion of risk factors applicable to t ...