- Ford (F -1%) projects capital spending will be boosted by 25% by mid-decade to $7.5B as it works to meet increased global demand.
- CFO Bob Shanks raises the possibility Ford will increase its dividend payout rate during the same time-frame.
- In general, previous earnings guidance is reiterated.
- In an update on its pension progress, the automaker notes it settled another $1.5B in obligations during Q2 under a voluntary lump sum program to reach $2.7B to date.
- Webcast