Ford (NYSE:F) layoffs are a hot topic on Wednesday as one of the U.S.’s biggest automotive companies is preparing to cut jobs!Ford’s job cuts will take place in Spain and will result in 1,600 employees losing their jobs. Of these, 600 are permanent reductions while the other 1,000 may be rehired at a later date.Ford is planning to start production of a new hybrid passenger car at the factory in 2027. The company says it may reach temporary agreements with the union representing employees to keep the 1,000 j ...

Ford Motor Company (NYSE:F) Deutsche Bank Global Auto Industry Conference June 11, 2024 10:30 AM ET Company Participants John Lawler - CFO Conference Call Participants Emmanuel Rosner - Deutsche Bank Emmanuel Rosner All right. Good morning, everybody. Thank you so much for joining us for this keynote session with Ford as part of Deutsche Bank's Global Automotive Conference. My name is Emmanuel Rosner. I'm the lead U.S. autos analyst here at Deutsche Bank. I am extremely pleased to be joined today by John La ...

Summary of Ford Motor Company Conference Call Company Overview - **Company**: Ford Motor Company (NYSE:F) - **Event**: Deutsche Bank Global Auto Industry Conference - **Date**: June 11, 2024 - **Participants**: John Lawler (CFO and Vice Chair), Emmanuel Rosner (Deutsche Bank Analyst) Key Points Industry and Company Strategy - Ford is executing its **Ford Plus plan**, which segments the business into **Ford Blue**, **Model E**, and **Ford Pro** [3][4] - The automotive industry is facing **unprecedented changes**, particularly with the transition to electric vehicles (EVs) and digital platforms [8][10] - **Competitive threats** from local Chinese manufacturers are significant, as they have advanced EV technologies and a faster development process [10][11] Challenges and Opportunities - The transition to EVs is accelerating, with **China leading** in market share and digital experience [8][10] - Ford's **Skunkworks team** is developing electric vehicles using an agile approach, aiming for a competitive price range of **$25,000 to $30,000** [13][14] - Partnerships are critical for Ford to leverage existing relationships and expand into emerging markets, with expectations to export over **200,000 units** from China this year [16][17] Financial Performance and Market Conditions - Ford aims for **$10 billion to $12 billion** in company-wide EBIT for the year, tracking towards the high end of this target [35][36] - The company is focused on **capital efficiency**, growth, and improving margins while becoming less cyclical [25][18] - **Cost reductions** of **$2 billion** are expected this year, primarily through material and manufacturing efficiencies [42][43] Consumer Demand and Pricing - The U.S. market remains robust, with inventories returning to equilibrium, but there are concerns about pricing pressures and potential reductions [27][30] - Ford anticipates a **2% reduction** in top-line pricing this year, with some pricing power expected from new product launches [31][46] - The average transaction price for Ford is expected to remain flat due to new product introductions [46] Electrification and Model E - Price compression in the EV segment has been significant, with reductions of over **20%** anticipated [52] - Ford is focusing on cost reductions and profitability for its second-generation EVs, delaying launches until they can ensure profitability [54][55] - The **Ford Pro business** is seeing strong demand, particularly in commercial vehicles, which is expected to drive growth and profitability [66][71] Regulatory and Compliance - Ford is committed to meeting stringent **CO2 emissions regulations** and is investing in hybrids and electrification to comply [63][64] - The company is focusing on providing a range of vehicle options, including gas, diesel, hybrids, and full EVs, to meet diverse consumer needs [65] Capital Allocation - Ford has been disciplined in capital allocation, returning **40% to 50%** of free cash flow to shareholders, with a focus on long-term growth opportunities [73][75] - The management's compensation is tied to total shareholder return (TSR), aligning interests with investors [75] Conclusion - Ford is navigating a rapidly changing automotive landscape with a focus on electrification, strategic partnerships, and operational efficiency. The company is optimistic about its growth prospects while remaining cautious about market dynamics and consumer demand.

A historic Michigan landmark got a face lift thanks to Ford Motor Company after sitting vacant for over three decades. Michigan Central Station, which became an "infamous symbol of Detroit," was bought by Ford in 2018. Over the past six years, 3,100 skilled-trades people worked 1.7 million hours to completely restore the station, so it could house the automaker's autonomous vehicle team as well as shops and restaurants that will be open to the public. The abandoned train station, which opened Thursday for t ...

Ford Motor Company (F) closed the latest trading day at $12.38, indicating a +1.89% change from the previous session's end. This change outpaced the S&P 500's 0.26% gain on the day. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%.Heading into today, shares of the company had gained 1.33% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.63% and lagging the S&P 500's gain of 3.25% in that time.Market participants will be closely following the ...

The GPU leader is losing some of its luster among top investors.There's no question about it. Nvidia (NVDA -0.09%) has been the hottest stock of the generative artificial intelligence (AI) era.The graphics processing unit (GPU) and AI hardware specialist has added more than $2 trillion to its market capitalization since ChatGPT was launched, well ahead of any other stock, and its shares are up by roughly 700% since the start of 2023.While some billionaires caught on to that trend early, buying Nvidia shares ...

Be it the traditional automakers or electric vehicle (EV) companies, the industry is going through challenging times. Geopolitical tensions, inflation, decelerating GDP growth and intense competition have translated into correction for some of the best auto stocks. It’s likely that the pain will persist. But the best time to buy is when sentiments are negative. Therefore, investors look at accumulating undervalued auto stocks for the next few quarters.This column focuses on two EV companies and one traditio ...

Dividends continue to be highly prized by investors. And for good reason. Regular and consistent dividend payments that are reinvested can help to grow a portfolio over time. Many investors count on dividends to provide them with a regular income, particularly people living on a fixed income in retirement. For these reasons, a lot of investors carefully consider dividend payouts and yields when making purchase decisions.Companies seem to have realized the importance investors place on dividends. Since the s ...

Core Insights - Ford has acquired the naming rights to the new luxury outdoor music venue in Colorado Springs, now named Ford Amphitheater, which is set to open on August 9-11, 2024 [1][2] - The venue, developed by Venu Holding Corporation, has a capacity of 8,000 and includes 92 VIP luxury fire pit suites, with a total investment of $90 million [2][3] - The partnership with Ford emphasizes a long-term commitment and aims to generate over 100 million impressions annually through brand activations and premium signage [2] Company Overview - Venu Holding Corporation, founded by JW Roth, focuses on developing luxury live music venues and currently operates locations in Colorado Springs and Gainesville, with plans for expansion into Oklahoma, Tennessee, and Texas [4] - The company aims to identify markets with growing populations that lack high-quality entertainment venues, with a goal to operate in a dozen markets by 2028 [3][4] - Ford Motor Company, based in Dearborn, Michigan, is committed to innovation and customer loyalty through its Ford+ growth plan, which includes a focus on electric vehicles and connected services [5]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...