Ford Motor said today that there were several large special items that it intends to report in early February as part of the company’s fourth-quarter and full-year 2021 financial results. Special items are included in Ford’s reported GAAP net income and earnings per share but are excluded from its non-GAAP adjusted earnings before interest and taxes and adjusted EPS.
Ford is warning shareholders and the capital markets that the $8.2 billion it earned from its Rivian investment after the public offering will not be included in Ford’s full-year adjusted EBIT or adjusted EPS. When Ford last provided full-year adjusted EBIT guidance with its Q3 results on Oct. 27, a ~$900 million gain was included in the forecast range of $10.5 billion to $11.5 billion. Continue reading











Blink Charging to Supply EV Chargers to GM Dealerships
Blink IQ 200 chargers are the fastest Level 2 AC charging stations available.
Blink Charging (Nasdaq: BLNK, BLNKW) an owner, operator, and provider of electric vehicle charging equipment and services, said today it is installing EV chargers at General Motors (dealerships in the U.S. and Canada. Blink is supplying its IQ 200 Level 2 chargers to participating GM dealerships by with ABM, a facility services supplier.
Working with ABM, which delivers turnkey EV charging installations, Blink has already started shipping chargers to selected GM dealerships and currently has orders on hand to supply GM dealers in the U.S. and Canada with additional charging stations over the next several months. Continue reading →