Seeking Alpha

Ford Motor Company (F)

  • Mon, Aug. 3, 9:29 AM
    • Ford (NYSE:F) reported momentum for F-Series sales in July with both volume and pricing strong.
    • SUV sales rose 11% during the month.
    • Sales growth by brand: Ford +4.3% to 213,915; Lincoln +21.3% to 9,536.
    • Sales growth by model: Ford Focus -3.9% to 17,027; Ford Fusion +4.9% to 25,105; Ford C-MAX -35.9% to 1,918; Ford Mustang +29.2% to 8,482; Ford F-Series +4.8% to 66,288; Ford Explorer +27.2% to 21,361; Ford Transit 8,025 (new); Ford Edge +17% to 10,020; Lincoln MKX +27% to 2,519; Lincoln MKC +60% to 2,455.
    • Van sales were up 14% to 16,090 units.
    • Ford YTD U.S. sales +2.3% to 1,516,352 units.
    • Previously: Ford July U.S. sales: +4.9%
    • F +1.18% premarket to $15.00.
    | Mon, Aug. 3, 9:29 AM | 80 Comments
  • Mon, Aug. 3, 9:20 AM
    • Ford (NYSE:F) unit sales +4.9% to 222,731 units vs. 1.8% growth expected.
    • Passenger car sales -3.9% to 66,004 units in the month.
    • Utilities sales +13.4% to 73,632 units.
    • Truck sales +5.7% to 83,095 units.
    • Ford +1.32% to $15.02 premarket.
    | Mon, Aug. 3, 9:20 AM | 38 Comments
  • Fri, Jul. 31, 1:50 PM
    | Fri, Jul. 31, 1:50 PM | 52 Comments
  • Thu, Jul. 30, 7:49 AM
    • The new aluminum-bodied Ford (NYSE:F) F-150 was put to the safety test by the insurance industry.
    • The four-door Super Crew F-150 version (83% of sales) earned high ratings, while the Super Cab version didn't earn the top safety award.
    • Repair costs for the new F-150 were found to be 26% higher than those for older models.
    • Perhaps the most important revelation from the testing is aluminum was found to be strong and performed as well as steel.
    • F-150 peers will be tested by the IIHS later this fall.
    | Thu, Jul. 30, 7:49 AM | 36 Comments
  • Tue, Jul. 28, 7:22 AM
    • Ford (NYSE:F) grew pretax profit by 10% to $2.9B in Q2. Operating margin was up 60 bps to 7.2%.
    • Wholesale volume was up 2% during the period, pushing up Ford's global market share by 10 bps to 7.6%.
    • North America: Revenue $23.3B, operating margin -50 bps to 11.1%, volume and pricing strong, record profit level for the quarter.
    • South America: Revenue $1.5B, operating margin +160 bps to -12.4%, strong demand for the Ka model.
    • Europe: Revenue -14% to $7.0B due in part to F/X, operating margin -40 bps to -0.2%.
    • Middle East/Africa: Revenue $0.9B, operating margin -710 bps to -5.1%, wholesale volume down 10%.
    • Asia Pacific: Revenue $2.4B, operating margin +230 bps to 7.8%.
    • Previously: Ford Motor beats by $0.10, beats on revenue
    • F +1.58% premarket to $14.80.
    | Tue, Jul. 28, 7:22 AM | 46 Comments
  • Tue, Jul. 28, 7:06 AM
    • Ford Motor (NYSE:F): Q2 EPS of $0.47 beats by $0.10.
    • Revenue of $37.3B beats by $1.96B.
    • Press Release
    | Tue, Jul. 28, 7:06 AM | 90 Comments
  • Mon, Jul. 27, 5:30 PM
  • Fri, Jul. 24, 1:24 PM
    • Kelley Blue Book forecasts new car sales in the U.S. will increase 2.6% Y/Y in July to 1.47M units, led by a 13.4% jump in the compact SUV/crossover segment.
    • Forecasts by major manufacturers are posted below.
    • General Motors (NYSE:GM): +0.7% Y/Y to 258K units, market share of 17.6%.
    • Ford (NYSE:F): +0.8% to 214K, market share of 14.6%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +4.4% to 175K units, market share of 11.9%.
    • Toyota (NYSE:TM): -0.4% to 215K units, market share 14.6%.
    • Honda (NYSE:HMC): +2.3% to 139K units, market share 9.5%.
    • Nissan (OTCPK:NSANY): +4.6% to 127K units, market share 8.6%.
    • Hyundai/Kia (OTC:HYMLF): -0.3% to 119K, market share 8.1%.
    • Volkswagen (OTCQX:VLKAY): +5.1% to 52K, market share 3.5%.
    | Fri, Jul. 24, 1:24 PM | 38 Comments
  • Thu, Jul. 23, 1:19 PM
    • Ford (F +1.6%) began negotiating with the UAW today in Michigan on a new labor contract.
    • The talks began with the status of production on Focus and C-Max cars unclear and both sides facing pressure.
    • The UAW hopes to narrow the gap between entry-level workers ($16/hr-$19.28/hr) and veterans (+$28/hr), while Ford wants to keep labor costs as in-line as possible with foreign automakers assembling in the U.S.
    • Ford exceeded the hiring tally promised during the last round of negotiations.
    | Thu, Jul. 23, 1:19 PM | 8 Comments
  • Thu, Jul. 23, 9:35 AM
    • GM (NYSE:GM) opens up 7.2% after a lush three months in North America helped to prop up results for Q2.
    • Strong demand for light trucks and SUVs globally along with better-than-forecast profit in China helped stoke the bottom line.
    • The automaker also lapped a period where recall costs were high.
    • Pretax profit is expected to improve even more in the second half.
    • Previously: GM higher after North American profit sizzles
    • Previously: General Motors beats by $0.21, misses on revenue
    • Rival Ford (NYSE:F) is up 2.74%. Ford dishes out Q2 numbers next week.
    | Thu, Jul. 23, 9:35 AM | 58 Comments
  • Tue, Jul. 21, 8:04 AM
    • Ford (NYSE:F) unveils an updated luxury version of the F-150 Limited that will go on sale this winter.
    • The Limited model will sit above the Platinum and King Ranch models in the F-150 model lineup.
    • The new version will include interior refinements, exterior enhancements, and additional equipment.
    • While F-150 sales volume has been lower this year than some forecasts, the contribution of the model to Ford's operating margin is significant with F-150 prices on the rise.
    • "We still haven’t found a ceiling for light-duty luxury trucks," a Ford Trucks spokesman tells Car and Driver.
    | Tue, Jul. 21, 8:04 AM | 80 Comments
  • Sun, Jul. 19, 9:43 AM
    • Major automakers face pressure from a drop in demand in China amid economic weakness. Deliveries turned negative in June for the first time since February of 2013 and the China Association of Automobile Manufacturers now expects industry sales growth of 3% vs. a prior forecast of 7%. Vehicle sales were up 1.4% to 11.85M units during 1H.
    • Volkswagen (OTCQX:VLKAY) relies on China for half of its net profit and 71% of free cash flow. Credit Suisse notes the China factor gives the German automaker the punch to make a dividend possible.
    • General Motors (NYSE:GM) churned up 40% of its new income and 20% to 30% of its operating cash flow from China, according to an estimate from Barclay tied to its downgrade of GM earlier in the week. Goldman Sachs and Buckingham Research have also recently cut profit estimates on GM.
    • Ford (NYSE:F) cut its sales outlook for the China auto market to 24M-26M vehicles after Q1. The company could revise the broad forecast lower again with its Q2 report on July 28 and reset its own sales expectations.
    • There's been some pricing cuts by the Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) and German high-end sellers (OTCPK:BAMXY, OTCPK:DDAIF) as they adjust to the "new normal" in China.
    • Tesla Motors (NASDAQ:TSLA) is still trying to get out of first gear in China. The reception to the Model X debut next year and the impact of EV subsidies are key factors.
    • Domestic automakers (OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DNFGY, OTCPK:DNFGF) have increased market share in China this year in key segments, but are feeling the same pinch from the drop in expected overall demand.
    | Sun, Jul. 19, 9:43 AM | 113 Comments
  • Thu, Jul. 16, 3:01 PM
    • Ford (F -1.6%) is offering incentives at a significant level on the deluxe version of its 2015 F-150 in some regional markets, according to industry watchers.
    • Overall F-150 sales have lagged some forecasts this year as production has ramped up slower than expected.
    • Kelley Blue Book's Akshay Anand calls the development a possible "hint" that the F-150 faces demand issues. A more plausible explanation may be that the automaker is just fine-tuning its pricing with the more expensive F-150s loaded with all kinds of extra features and options. Ford's latest disclosure on F-150 pricing was positive.
    • Previously: F-Series pricing strong for Ford in June (July 1)
    | Thu, Jul. 16, 3:01 PM | 55 Comments
  • Thu, Jul. 16, 7:24 AM
    • Ford (NYSE:F) car registrations +16.0% to 103,450 units in June, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +14.8% Y/Y to 1,413,911 units in June to mark the strongest month-over-month increase since December of 2009.
    • Ford market share: 7.3% vs. 7.2% a year ago.
    • Ford YTD registrations +6.7%.
    • EAMA release (.pdf)
    | Thu, Jul. 16, 7:24 AM | 23 Comments
  • Wed, Jul. 15, 4:24 PM
    • Ford (NYSE:F) says it will build its new Lincoln Continental at a plant in Michigan.
    • The automaker's manufacturing decisions are under a spotlight with talks starting on a new UAW contract and GOP presidential candidates making a political issue out of auto imports from Mexico.
    | Wed, Jul. 15, 4:24 PM | 37 Comments
  • Tue, Jul. 14, 9:55 AM
    • Ford (F +0.3%) reports sales in Europe rose 15.8% Y/Y in June to 126,800 units.
    • Volume leaders were the Fiesta (33.4K), Focus (24.8K), and Kuga (10.6K) models.
    • The automaker gained market share in Britain, Germany, Italy, and France during the month.
    • Ford also tipped off strong early demand for the new Mustang model.
    • Ford Europe sales release (.pdf)
    | Tue, Jul. 14, 9:55 AM | 15 Comments
F vs. ETF Alternatives
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.