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Ford Motor Company (F) Wolfe Research Global 2024 Auto and Auto Tech Conference Call (Transcript)
2024-02-15 19:58
Ford Motor Company (NYSE:F) Wolfe Research Global 2024 Auto and Auto Tech Conference February 15, 2024 8:55 AM ET Company Participants Jim Farley - President, CEO & Director John Lawler - CFO Conference Call Participants Rod Lache - Wolfe Research Jim Farley [Call Starts Abruptly] … a much stronger Ford. We would have a much stronger base. The irony of that though is that if we had done that quicker, would we have really trusted that organization to disrupt itself like we have. I think one of the biggest gi ...
Ford CEO urges the Wall Street to ‘stop looking at Tesla'
Invezz· 2024-02-15 17:55
Ford Motor Co (NYSE: F) is in focus today after Jim Farley – its chief executive urged the Wall Street to forget about Tesla Inc (NASDAQ: TSLA).Ford touts its ‘Pro’ unit as the future of auto industryCopy link to sectionThe chief executive instead wants them to focus on his company’s “Pro” segment that approximately doubled its earnings (pre-tax) in 2023 to $7.2 billion. If you’re looking for the future of the automotive industry, stop looking at FSD and Tesla. Look at Ford Pro. It’s got half a million subs ...
Jordan Davis Brings Family History to Ford Truck Month Celebrations
Businesswire· 2024-02-15 17:31
DALLAS--(BUSINESS WIRE)--Music Audience Exchange (MAX) celebrates Ford Truck Month and its longstanding partnership with Ford with this campaign featuring country star Jordan Davis. Through Ford Music (and Música Ford), Ford partners with the best musicians from across the country, featuring the music that drives them to go further. Using a combination of proprietary tech and curation from their team of artist experts, MAX identified Jordan Davis as having the perfect audience fit and brand personality ...
Ford CEO tells Wall Street to forget Tesla, says 'Pro' business is the future of the auto industry
CNBC· 2024-02-15 17:04
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023.DETROIT – Ford Motor CEO Jim Farley on Thursday urged Wall Street to forget about Tesla and its FSD driver-assistance systems as the future of the auto industry, arguing investors should instead focus on the Detroit automaker's "Pro" fleet ...
Ford CEO rethinking where to build cars after crippling UAW strike: ‘Watershed moment'
New York Post· 2024-02-15 16:43
Last fall’s contentious United Auto Workers’ strike changed Ford’s relationship with the union to the point where it will “think carefully” about where it builds future vehicles, Ford’s top executive said Thursday.CEO Jim Farley told the Wolfe Research Global Auto Conference in New York that the company always took pride in its relationship with the UAW, having avoided strikes since the 1970s.But last year, Ford’s highly profitable factory in Louisville, Ky., was the first truck plant that the UAW shut down ...
Colombian Superstars Piso 21 Celebrate Ford Truck Month
Businesswire· 2024-02-15 15:31
DALLAS--(BUSINESS WIRE)--Music Audience Exchange (MAX) kicks off Ford Truck Month with this Música Ford campaign featuring one of Latin music’s most iconic groups: Piso 21. This Ford Truck Month campaign is a continuation of a long-standing, successful relationship between MAX and Ford. Through Música Ford (and Ford Music), Ford partners with the best musicians from across the country, giving fans a peek into their lives and featuring the music that drives them to go further. Música Ford’s success start ...
Biden Sends Lockheed Martin (LMT) Stock Falling With Slashed F-35 Order
InvestorPlace· 2024-02-14 22:04
Lockheed Martin (NYSE:LMT) stock closed almost 2% in the red today on insider info that President Joe Biden will order fewer F-35 fighter jets in the upcoming federal budget. According to people familiar with the matter, Biden is expected to order around 70 F-35s from Lockheed for fiscal 2025, down from 83 expected planes. The recent cut in F-35s is predicted to account for a roughly 2% decline in the company’s sales guidance this year.This marks a now-repeated trend of slowing F-35 orders from the United S ...
Ford may soon face another strike – this time in the U.K.
Invezz· 2024-02-14 14:26
U.K. based white-collar staff at Ford Motor Co (NYSE: F) has rejected a pay offer and is at the brink of a strike against the automotive giant. Shares of the multinational still opened in the green today.Unite members could strike against FordCopy link to sectionUnite – one of the largest trade unions in the United Kingdom accused the New York listed firm today of refusing to negotiate even though more than 90% of its salaried staff and managers have rejected the offer. Ford Motor, however, says it’s been i ...
Ford Pro CFO Navin Kumar to Discuss Commercial Customers at Feb. 22 Barclays Industrials Conference
Businesswire· 2024-02-14 14:00
DEARBORN, Mich.--(BUSINESS WIRE)--More than ever before, commercial customers want to lower the total cost of ownership, and transform their businesses. Ford Pro is uniquely equipped to help them do that. That’s what Ford Pro CFO Navin Kumar will discuss during a fireside chat on Thursday, Feb. 22, at the Barclays Industrials Conference in Miami. Kumar is scheduled to speak at 8:35 a.m. ET. Ford Pro brings superior value to Ford’s commercial customers – and generates growth – through a winning combination ...
Ford facing potential strike of 3,000 UK white-collar workers
CNBC· 2024-02-14 13:38
The logo of car manufacturer Ford is pictured in Inwood, New York, on February 5, 2024.LONDON — Ford was warned on Wednesday that more than 3,000 white-collar workers across the U.K. could launch industrial action after union members rejected a pay offer from the U.S. automotive giant.Unite, one of the U.K.'s largest trade unions, said although offers put forward by Ford for salaried staff and managers had been rejected by more than 90% among both sets of workers, the company had so far refused to come to t ...