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Ford Motor Company (F)

  • Yesterday, 8:20 AM
    • Ford (NYSE:F) says it has committed $9B to investments in U.S. plants and expects to create or secure 8.5K jobs in the U.S.
    • The company will take a $600M hit to expenses this year associated with the new agreement, consistent with previously-issued guidance.
    • After factoring in the terms of the new UAW deal, Ford expects labor costs to rise 1.5% a year.
    • Previously: Ford to dish out details on UAW deal next week (Nov. 24 2015)
    | Yesterday, 8:20 AM | 30 Comments
  • Yesterday, 7:15 AM
    • Ford (NYSE:F) pulled the plug on its Friends & Neighbors promotion more than a month before the program was scheduled to end.
    • The company is expected to start a less confusing campaign called Holiday Sales Event later this week.
    • Ford is forecast to see a 4% gain in sales volume in November to stay level with the overall industry growth rate for the month.
    | Yesterday, 7:15 AM | 25 Comments
  • Fri, Nov. 27, 12:36 PM
    • J.P. Morgan sees a strong end to the year for automakers Ford (NYSE:F) and General Motors (NYSE:GM), with a particularly strong November in the U.S. ahead as well as China sales beating expectations.
    • The firm's Ryan Brinkman sees U.S. light vehicle SAAR heading up to 18.5M in November from October's 18.1M (which itself was up 10% Y/Y) -- meaning that not only would November purchases beat all other November figures, they would be the most of any other month in the current cycle.
    • While incentives are down Q/Q, they're up about $100 Y/Y but resulting in average transaction prices up more than $1,000 from a year ago.
    • “Some automakers we spoke to were surprised at the rate of improvement in recent months, pointing to unexpectedly strong consumer reaction to only modestly higher incentives, which has lowered inventories (a recipe for strong profitability),” Brinkman wrote.
    • Previously: U.S. auto sales expected to set a record in November (Nov. 24 2015)
    | Fri, Nov. 27, 12:36 PM | 43 Comments
  • Wed, Nov. 25, 9:26 AM
    • The average price for a gallon of gas in the U.S. has now dropped to $2.06 per gallon - a mark that is 27% lower than where gas prices stood heading into the holiday period last year. Despite the extra dollars in the wallets of consumers, most forecasts for holiday retail sales are on the modest side (below 4%).
    • The extended period of sub-$3 gas prices in the U.S. hasn't exactly lit consumer spending across broad retail on fire (just ask Wal-Mart) - although it has stoked auto sales for the Detroit Three (GM, F, FCAU). The regional casino sector (ISLE, PENN, BYD, ERI, MTN, MCRI) and cruise line stocks (NCLH, RCL) have also benefited more than major chain stores. Some have suggested that lower gas prices are also an understated driver for Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX) which both score high on customer stickiness.
    • What next? Seeking Alpha's Stock Pitch Contest on retail is still open until November 30 amid the reset on consumer spending expectations. Current long ideas include PLAY, FRAN, CASY, SKX, WMT, PSUN, HGG, PRTY, TJX, TA, VSTO - while short bets on WMAR, TIF, RT, AMZN, UA, LB, and OUTR are on record.
    | Wed, Nov. 25, 9:26 AM | 49 Comments
  • Tue, Nov. 24, 2:06 PM
    • TrueCar forecasts new automobile sales will rise 3.9% Y/Y in November to 1,352,500 units. That level of sales would set a record for November.
    • Black Friday promotions are anticipated to boost sales volume at the end of the month. Several automakers are already advertising specials for the post-Thanksgiving weekend.
    • Sales growth projections by manufacturer: BMW (OTCPK:BAMXY) -0.2% to 36K, Daimler (OTCPK:DDAIF) +0.5% to 38.1K, Fiat Chrysler Automobiles (NYSE:FCAU) +4.1% to 179.1K, Ford (NYSE:F) +4.2% to 194.1K, General Motors (NYSE:GM) +5.7% to 238.6K, Honda (NYSE:HMC) +0.4% to 122.3K, Hyundai (OTC:HYMLF) +6.2% to 57K, Kia +0.6% to 45.2K, Nissan (OTCPK:NSANY) +4.1% to 107.4M, Subaru (OTCPK:FUJHY) -1.7% to 44.5K, Toyota (NYSE:TM) +4.2% to 191K, Volkswagen (OTCQX:VLKAY) +1.3% to 54.2K.
    | Tue, Nov. 24, 2:06 PM | 73 Comments
  • Tue, Nov. 24, 11:19 AM
    • Ford (F -1%) will hold a press conference on November 30 to discuss details of the collective bargaining agreement it struck with the UAW.
    • The presentation could include some further insight into the automaker's manufacturing strategy along with the discussion of the new wage structure for employees.
    • On a broad view, the Detroit Three appeared to give up some ground on immediate cash payments to secure limited wage cost increases in the future.
    | Tue, Nov. 24, 11:19 AM | 1 Comment
  • Tue, Nov. 24, 1:58 AM
    | Tue, Nov. 24, 1:58 AM | Comment!
  • Mon, Nov. 23, 12:19 PM
    • Ford (NYSE:F) issues two new recalls in North America.
    • The first action covers 13K 2016 F-650 trucks being recalled to address an issue with steering columns.
    • The second recall is for 450K 2010-2011 Ford Fusion and Mercury Milan vehicles due to the risk of pressure changes inside the fuel tank.
    | Mon, Nov. 23, 12:19 PM | 21 Comments
  • Sat, Nov. 21, 12:02 AM
    • Ford (NYSE:F) workers narrowly voted to approve their new four-year labor agreement after receiving tallies from plants in Dearborn, Mich.
    • The Detroit Free Press reports that the Dearborn truck plant, with more than 4,300 workers, voted 74% in favor, which apparently was enough to carry all of the Local 600 union to passing the vote and in turn ensuring the entire contract was ratified.
    • Ford is the final Detroit automaker to reach a new national agreement after GM's deal was ratified Friday following a two-week delay.
    | Sat, Nov. 21, 12:02 AM | 156 Comments
  • Fri, Nov. 20, 7:25 PM
    • The United Auto Workers union ratifies a four-year labor agreement with General Motors (NYSE:GM), after most rank-and-file GM workers voted in favor of the new contract two weeks ago.
    • The new contract, which goes into effect on Monday, calls for raises for all workers and the end of the two-tiered pay system; average labor costs, of which pay is nearly half, for GM workers will be $60/hour by 2019, up from $55 now, according to a new study by labor analysts released today.
    • Meanwhile, the UAW is racing to save a proposed labor deal with Ford (NYSE:F) that would mark a significant setback if rejected; a vote today at a Dearborn, Mich., plant is considered critical, and earlier plant tallies had contract opponents leading by ~1,500 votes.
    • Earlier: New Ford-UAW deal in jeopardy with younger workers unsettled (Nov. 18)
    | Fri, Nov. 20, 7:25 PM | 48 Comments
  • Thu, Nov. 19, 9:16 AM
    • The latest unofficial tally show 53% of UAW workers oppose the new national labor agreement with Ford (NYSE:F).
    • The contract includes an $8.5K signing bonus and a $1.5K early profit-sharing plan, but doesn't have wide support with new workers.
    • The stakes are high for the UAW with the automaker eyeing Mexico for some production.
    • Shares of Ford closed at $14.46 yesterday and haven't traded over $16 since last April.
    | Thu, Nov. 19, 9:16 AM | 47 Comments
  • Wed, Nov. 18, 3:22 PM
    • Ford's (NYSE:F) deal with the UAW appears to be in some trouble with 52% of the early votes rejecting the negotiated contract.
    • Newer UAW members are providing the most resistance over the length of time it takes for younger workers to reach the top wage level. There's some worry that the group doesn't fully understand that a rejected contract will reset all the negotiating points when talks resume.
    | Wed, Nov. 18, 3:22 PM | 55 Comments
  • Wed, Nov. 18, 10:12 AM
    • Ford (F +0.6%) will show off a production version of the 2017 Lincoln MKZ at the Los Angeles Auto Show today.
    • The new MKZ will feature options for crash avoidance technology and automatic driving capabilities. Updates aimed at the millennial generation also include lighting features, stereo system upgrades, and a new sports mode.
    • Ford is investing a lot of money in the Lincoln brand with a stated goal to triple global sales to over 300K units by 2020.
    | Wed, Nov. 18, 10:12 AM | 12 Comments
  • Wed, Nov. 18, 5:16 AM
    • Ford (NYSE:F) is set to unveil the latest version of its luxury car the Lincoln MKZ at the Los Angeles Auto Show later today.
    • The 2017 MKZ features a new grille design, a three-liter turbo-charged engine, 400 horsepower vs 300 HP on the current model, and an all-wheel drive system.
    • Ford has also installed a new interior look and will offer optional crash-avoidance technology and a feature that will automatically slow and accelerate the car in traffic.
    • The MKZ competes with GM's (NYSE:GM) Cadillac ATS, BMW's (OTCPK:BAMXF) 3-series, Daimler's (OTCPK:DDAIF) Mercedes-Benz C-Class and Audi's (OTCQX:VLKAF) A4 in the $36,000-$50,000 price category.
    | Wed, Nov. 18, 5:16 AM | 22 Comments
  • Tue, Nov. 17, 2:00 PM
    • Ford (F +1%) is shifting strategy around its view that the SUV market will grow to 40% of all light vehicles sales in the U.S. by 2020 from a current level of 33%.
    • Global sales exec Stephen O'Dell thinks the segment could fragment in different directions due to the strong demand.
    • SUV sales are up over 10% for the automaker this year. Ford will unveil the new version of its Escape SUV at the L.A. Auto Show next week.
    | Tue, Nov. 17, 2:00 PM | 28 Comments
  • Tue, Nov. 17, 7:44 AM
    • Ford (NYSE:F) car registrations +1.7% to 77,272 units in October, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +2.9% Y/Y to 1,394,223 units in October, led by strong demand in italy and Spain. Registrations in Germany and France were up 1%.
    • Ford market share: 7.0% vs. 7.1% a year ago.
    • Ford YTD registrations +6.5%.
    • EAMA release (.pdf)
    | Tue, Nov. 17, 7:44 AM | 11 Comments
Company Description
Ford Motor Co is engaged in automobile manufacturing business. It produces cars and trucks. Its business is divided into two segments: Automotive and Financial Services.