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Ford Motor Company (F)

  • Thu, Oct. 1, 9:52 AM
    • Ford (F +0.6%) posted its best retail month since 2004 off of strong
    • SUV sales rose 27% during the month, while Lincoln surprise with brisk demand. Utilities sales sizzled with a 27% pop and the new Ford Transit van continued to gain momentum.
    • Sales growth by brand: Ford +23.1% to 212,919; Lincoln +19.6% to 8,680.
    • Sales growth by model: Ford Fiesta +67% to 6,996; Ford Fusion +15% to 24,942; Ford C-MAX +10% to 1,966; Ford Mustang +199% to 9,456; Ford F-Series +16% to 69,651 (EcoBoost accounted for 64%); Ford Explorer +38% to 19,005; Ford Transit 10,154 (new); Ford Edge +33% to 10,262; Lincoln MKX +34% to 2,136; Lincoln MKC +16% to 2,039; Lincoln Utilities +23% to 5,687..
    • Ford YTD U.S. sales +4.6% to 1,972,188 units.
    • Previously: Ford September U.S. sales: +23% (Oct. 01 2015)
    | Thu, Oct. 1, 9:52 AM | 94 Comments
  • Thu, Oct. 1, 9:31 AM
    • Ford (NYSE:F) unit sales +23% to 221,599 units vs. +22% expected by analysts. A later Labor Day holiday impacted the year-over-year comparison
    • Passenger car sales 19% to 63,732 units.
    • Utilities sales +27% to 69,892 units.
    • Truck sales +23% to 87,795 units.
    | Thu, Oct. 1, 9:31 AM | 42 Comments
  • Thu, Oct. 1, 7:45 AM
    • United Auto Workers union members reject a tentative contract offered by Fiat Chrysler (NYSE:FCAU), the first time a tentative national labor contract has been rejected by UAW members in 30 years.
    • UAW President Dennis Williams is scheduled to meet with hundreds of UAW local officials today in Warren, Mich., to discuss the union's next step and whether issues such as two-tier pay structure can be resolved if he were to return to bargaining with FCAU CEO Sergio Marchionne.
    • Williams had hoped to use a contract to wring higher payouts from the financially stronger Ford (NYSE:F) and GM, who already balked at the FCAU contract.
    | Thu, Oct. 1, 7:45 AM | 18 Comments
  • Wed, Sep. 30, 11:32 AM
    • UAW workers at Fiat Chrysler Automobiles (NYSE:FCAU) appear likely to reject the new four-year agreement hashed out with labor reps earlier this month.
    • Sources tell The Detroit Free Press that the voting came in strongly against ratifying the deal at key plants in Toledo and Sterling Heights. Not all the separate UAW votes have been counted yet.
    • If the UAW goes back to the negotiating table with Fiat, it will push talks with Ford (NYSE:F) and GM (NYSE:GM) further down the calendar.
    | Wed, Sep. 30, 11:32 AM | 45 Comments
  • Wed, Sep. 30, 7:03 AM
    • Workers at a key Ford (NYSE:F) plant in Missouri could go on strike as early as this weekend as local union leaders go on the offensive.
    • Stalled talks between Local 249 and Ford are separate than national negotiations between the UAW and the Detroit automaker.
    • The plant in Kansas City builds the F-150 and Transit van in significant quantities.
    | Wed, Sep. 30, 7:03 AM | 152 Comments
  • Mon, Sep. 28, 7:40 AM
    • Kelley Blue Book forecasts new car sales in the U.S. will jump 11.9% Y/Y in September to 1.39M units. The KBB estimate marks the highest September sales volume since 2006 with a later Labor Day weekend providing a boost.
    • Forecasts by major manufacturers are posted below.
    • General Motors (NYSE:GM): +10.1% Y/Y to 246K units, market share of 17.7%.
    • Ford (NYSE:F): +14.2% to 205K, market share of 14.7%.
    • Toyota (NYSE:TM): +13.6% to 190K units, market share 13.7%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +10.7% to 188K units, market share of 13.5%.
    • Honda (NYSE:HMC): +14.2% to 135K units, market share 9.7%.
    • Nissan (OTCPK:NSANY): +2.7% to 116K units, market share 8.3%.
    • Hyundai/Kia (OTC:HYMLF): +12.7% to 114K, market share 8.2%.
    • Volkswagen/Audi(OTCQX:VLKAY): +7.8% to 48K, market share 3.5%. The Volkswagen emission scandal hit near the end of the month.
    | Mon, Sep. 28, 7:40 AM | 24 Comments
  • Tue, Sep. 22, 11:03 AM
    • There's some anxiety with investors over Tata Motors (TTM -6.7%) and Fiat Chrysler Automobiles (FCAU -5.7%) after the Volkswagen emissions scandal.
    • Though neither company is accused of using "defeat devices" like VW to beat emissions testing, calls have increased in Europe for a broader probe into the industry.
    • Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) fell 7.1% and 5.5%, respectively, in European trading.
    • Ford (F -3.6%), Toyota (TM -2.6%), Honda (HMC -2.5%), and General Motors (GM -2.5%) are also lower than broad market averages with global growth concerns adding significantly to the regulatory firestorm.
    • Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
    • Previously: Volkswagen scandal weighs down auto parts sector (Sep. 22 2015)
    | Tue, Sep. 22, 11:03 AM | 58 Comments
  • Mon, Sep. 21, 7:28 AM
    • The accusations over Volkswagen deliberately hiding software in diesel cars to defeat emissions testing continues to rock the industry.
    • Evercore ISI drew the comparison of a back-street garage looking to get a used car through a vehicle inspection through a dirty move. Other investment firms agree that CEO Martin Winterkorn is a likely casualty from the scandal.
    • While major complications for Volkswagen are unavoidable, there could also be a broad impact on the push to increase the sale of diesel models in the U.S. General Motors (NYSE:GM), Ford (NYSE:F), BMW (OTCPK:BAMXY), and Mercedes-Benz (OTCPK:DDAIF) are active in the U.S. diesel market.
    • Shares of Volkswagen (OTCQX:VLKAY) are down over 20% today in Frankfurt trading.
    • Previously: The EPA accuses Volkswagen of Clean Air Act violations (Sep. 18 2015)
    • Previously: Volkswagen orders probe into EPA emissions violations (Sep. 20 2015)
    | Mon, Sep. 21, 7:28 AM | 40 Comments
  • Sun, Sep. 20, 11:03 AM
    • HP (NYSE:HPQ) recently announced that it would cut around 30K jobs, but despite its size, the corporate layoffs are not the largest of the recent past.
    • According to outplacement firm Challenger, Gray & Christmas, the following list can claim that distinction.
    • IBM (NYSE:IBM) layoffs: 60K - July 1993
    • Citigroup (NYSE:C) layoffs: 50K - November 2008
    • Sears (NASDAQ:SHLD) layoffs: 50K - January 1993
    • General Motors (NYSE:GM) layoffs: 47K - February 2009
    • AT&T (NYSE:T) layoffs: 40K - January 1996
    • Ford (NYSE:F) layoffs: 35K - January 2002
    • Kmart (SHLD) layoffs: 35K - January 2003
    • Circuit City layoffs: 34K - January 2009
    • Boeing (NYSE:BA) layoffs: 31K -September 2001
    • Bank of America (NYSE:BAC) layoffs: 30K - September 2011
    | Sun, Sep. 20, 11:03 AM | 66 Comments
  • Fri, Sep. 18, 12:26 PM
    | Fri, Sep. 18, 12:26 PM | 307 Comments
  • Fri, Sep. 18, 10:50 AM
    | Fri, Sep. 18, 10:50 AM | 81 Comments
  • Wed, Sep. 16, 7:03 PM
    • J.P. Morgan analysts warn that companies with large amounts of floating-rate debt - including Chesapeake Energy, Freeport McMoRan, Ford and GE - could be at risk if the Fed decides to raise interest rates.
    • Companies with variable/floating-rate debt suffer a more immediate impact by a rate hike than companies with fixed-rate debt, the analysts say; variable-rate coupons typically reset quarterly, meaning that changes in the base rate flow through almost immediately to variable-rate borrowers, while fixed-rate borrowers do not see such an impact until they refinance or issue new debt.
    • JPM lists 25 companies - not including financials - that have the “highest variable-rate debt as a percentage of market cap": FMC, NRG, FCX, AES, CVC, LVLT, PVH, CHK, FE, DVA, THC, OI, CNX, F, HCA, FOSL, RCL, JOY, GE, ADS, ALLE, HBI, GT, DNB, AN
    | Wed, Sep. 16, 7:03 PM | 66 Comments
  • Wed, Sep. 16, 1:24 PM
    • Details are thin, but enthusiasm is high over the deal struck between Fiat Chrysler Automobiles (FCAU +0.3%) and the UAW.
    • What is known is that the gap between Tier 1 and Tier 2 workers has been narrowed and significant progress made on setting up a shared healthcare pool across the Detroit Three.
    • A ratification vote by Fiat's UAW workers is expected within a few weeks before Ford (F +2.7%) and General Motors (GM +0.4%) get their crack at working on a new deal.
    • Previously: Fiat Chrysler, UAW reach tentative labor deal (Sept. 15)
    | Wed, Sep. 16, 1:24 PM | 13 Comments
  • Tue, Sep. 15, 8:18 AM
    • Ford (NYSE:F) car registrations +8.3% to 52,414 units in August, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +11.5% Y/Y to 781,583 units in August led by strong demand in France, the UK, Spain, and Italy.
    • Ford market share: 6.7% vs. 6.9% a year ago.
    • Ford YTD registrations +6.9%.
    • EAMA release (.pdf)
    | Tue, Sep. 15, 8:18 AM | 37 Comments
  • Tue, Sep. 15, 4:38 AM
    • The UAW extended its deadline with Fiat Chrysler Automobiles on an hour-by-hour basis to allow talks to continue through the night.
    • The development is also a positive sign for automakers Ford (NYSE:F) and General Motors (NYSE:GM) which are in the back seat while Fiat looks to drive home a new labor deal as the lead negotiator with the workers group.
    • Previously: CNBC: GM says UAW contract extended beyond midnight deadline (Sep. 14 2015)
    | Tue, Sep. 15, 4:38 AM | 17 Comments
  • Mon, Sep. 14, 9:43 PM
    • Facing a midnight expiration, General Motors (NYSE:GM) says it's extended its current contract with the UAW to skirt the deadline, CNBC reports.
    • Ford (NYSE:F) had extended its own contract with the union earlier today.
    • The UAW had announced that Fiat Chrysler would be its primary target, with more entry-level workers than Ford or GM.
    • Previously: UAW and Detroit Three ratchet up talks (Sep. 13 2015)
    | Mon, Sep. 14, 9:43 PM | Comment!
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.