Tag Archives: Jim Farley

Ford Motor to Demolish Glass House, Build New WHQ

Posted on 15 September 2025 by Ken Zino

In a letter sent to Ford employees this morning Bill Ford, executive chair, and Jim Farley, president and CEO, said Ford Motor Company (NYSE: F) will demolish its World Headquarters, aka Glass House, and replace it on the newly named Henry Ford II World Center, formerly the Product Development Center or Campus. It is scheduled to open this November. It will be dedicated as Ford World Headquarters. Ford did not name the architect.

“This is more than just a new building; it’s a catalyst for innovation and a physical symbol of our Ford+ transformation. To win in this new era, we must work more closely together than ever before,” Bill Ford and Jim Farley said. “This is more than just a new building; it’s a catalyst for innovation and a physical symbol of our Ford+ transformation. To win in this new era, we must work more closely together than ever before.” Continue reading →

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Bold EV Talk from Ford Motor

Posted on 11 August 2025 by Ken Zino

Ford Motor Company (NYSE: F) said today that it is investing approximately $5 billion and creating or securing ~4000 jobs at the Louisville Assembly Plant and BlueOval Battery Park in Michigan to deliver a new pickup and produce advanced prismatic LFP batteries.

“We took a radical approach to a very hard challenge: Create affordable vehicles that delight customers in every way that matters – design, innovation, flexibility, space, driving pleasure, and cost of ownership – and do it with American workers,” claimed Ford President and CEO Jim Farley. Continue reading →

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Ford Says Trump Tariffs Will Slash Earnings by $2B

Posted on 31 July 2025 by Ken Zino

Ford Motor Company (NYSE: F) reported late yesterday its Q2 and H1 2025 financial performance. The now common internally created factors of Ford’s warranty costs,* losses on electric vehicles and the external Trump’s tariff chaos negative effects were in play. Tariffs slashed $800 million from Ford profits during Q2, the Dearborn-based company said. Its latest estimate of $2 billion in tariff costs for the year includes the impact of cost-cutting and other measures Ford is taking in response to President Trump’s trade policies. Ford Motor booked a $1.3 billion loss from repairs of vehicles under warranty, cancellation of plans to build an electric sport utility vehicle and other one-time costs. The Q2 net loss was $36 million. Ford common stock per share has been trading in the $8.44 – $11.97 range during the last year, hovering ~$11 a share recently. Its three-year return of ~5% compares to the S&P 500 at 54%. Continue reading →

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Ford Updates Nascent WEC Hypercar Program

Posted on 13 June 2025 by Ken Zino

Today Ford Motor (NYSE: F) during opening events prior to the 2025 24 Hours of Le Mans announced its chassis partner, ORECA, and its program lead, Dan Sayers. The Ford WEC Hypercar program will debut at the season-opening round of the FIA World Endurance Championship (WEC) in less than two years.

“Bringing Ford back to the top class at Le Mans has always been a dream for many of us including our Executive Chair Bill Ford,” said Ford Motor Company President and CEO, Jim Farley. “To be able to partner with ORECA is a proud moment for Ford. We are coming back to Le Mans to win, and we aren’t making that a secret. On Sunday, it will be exactly 56 years since we last took the top step of the overall podium here. That is long enough. In 2027, we are coming with the same level of expectation, and we are entrusting ORECA to help us take on Ferrari and the other top-class teams as we did back in the 1960s.” Continue reading →

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Ford Motor 2025 Q1 Net Income $47M Down from $1.3B!

Posted on 6 May 2025 by Ken Zino

Ford Motor Company (NYSE: F)* late yesterday announced weak first- quarter 2025 financial results and “suspended” financial guidance, including full year adjusted EBIT and adjusted free cash flow because of Trump tariff-related” uncertainties.” Ford first-quarter revenue of was $40.7 billion; net income $471 million with an adjusted EBIT of $1 billion. Operating cash flow was $3.7 billion. Improvements in cost and quality favorably contributed to performance in the quarter, Ford claimed. When excluding the nearly 200 million impact of tariffs, this was Ford’s third consecutive quarter of year-over -year cost improvement. Ford estimates a tariff-related net adverse adjusted EBIT impact of about $1.5 billion for full year 2025, subject to ongoing tariff-related policy developments. For comparison, General Motors earned $2.78 billion, $3.35 per share, for the three months ended March 31. During Q1 of 2024 GM earned $2.98 billion, or $2.56 per share. Continue reading →

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Trump Tariffs – His Next Economic Catastrophe

Posted on 4 March 2025 by Ken Zino

Shoot from the lip President Trump, aka Calamity Donald, today imposed tariffs of 25% across North America disrupting the North American auto market that has thrived on 30 years of free trade. Any new tariffs in place for any significant length of time will be disruptive. The tariffs at 25% are significantly higher than the profits made by the automakers and their suppliers. It is widely – if not universally – held by economists that this is an economic disaster. Continue reading →

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Ford Motor Posts Mixed Results for 2024

Posted on 5 February 2025 by Ken Zino

Ford Motor Company (NYSE: F) today posted Q4 full-year 2024 financial results. They were mixed from awful to okay. During 2024, Ford Blue’s revenue was flat at $101.9 billion as positive net pricing offset a 2% decline in wholesale vehicle transactions from what Ford said were the cancellation of low-margin products. The internal combustion engine segment at Ford S EBIT was $5.3 billion. Ford Model e reported a full-year EBIT loss of $5.1 billion. The electric vehicle e segment delivered $1.4 billion in cost improvements, net of a $100 million increase in spending to launch new battery plants and next-generation electric vehicles, Ford said. For full-year 2024, revenue climbed 5% to $185 billion; net income was $5.9 billion, and adjusted EBIT was $10.2 billion. For 2025 Ford is predicting a $2 billion profit drop! Bloomberg says that 27% of analysts have a sell recommendation, the highest on record.  Continue reading →

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Ford Motor Shuffles Leadership Amid Trump Chaos

Posted on 5 February 2025 by Ken Zino

Ford Motor Company (NYSE: F)* today announced key executive changes as the chaos of the Trump administration continues to cause as yet unknown damages to the economy and the auto industry. Two positions, John Lawler to vice chair to look after strategy, partnerships and alliances; and Sam Wu,President Ford China adding Ford’s International Markets Group, will require insight, and frankly lucky hunches given Trump’s random, variable and reversible assaults on trade, tariff’s and vital international organizations to return Ford Motor to a reliably profitable path. Continue reading →

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Mustang GTD Laps Nürburgring in under Seven Minutes

Posted on 10 December 2024 by Ken Zino

A 2025 Ford Mustang GTD completed of the 12.9-mile at the 73-turn “Green Hell” in 6:57.685 at the Nürburgring Ford Motor (NYSE: F) said today.* This means Mustang GTD is only the sixth stock, production sports car to complete an officially certified sub-seven-minute lap and the fifth fastest in the production sports car class according to the Nürburgring’s records.

Mustang GTD represents the pinnacle of Mustang performance. Ford said it benefits from lessons learned by the Ford Performance Motorsports and Multimatic Motorsports Mustang GT3 program, in particular around aerodynamics and setup for tracks such as the Nürburgring. However, Mustang GTD isn’t subject to the rules and regulations of GT3 racing, which prohibit much of the technology that allow a sub-seven-minute Nürburgring lap. Ford Motor is hardly the first company to use a speed run as a marketing ploy, however meaningless it is when the green flag waves in a real race, AutoInformed notes. Continue reading →

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Ford Posts Weak Q3 Results. Stock Dropping on Cut Outlook

Posted on 29 October 2024 by Ken Zino

Ford Motor Company (NYSE: F) posted Q3 2024 of $46 billion; net income of $0.9 billion, including a previously announced $1 billion electric vehicle-related charge, as well as an adjusted EBIT of $2.6 billion. Cash flow from operations in Q3 was $5.5 billion, and adjusted free cash flow was $3.2 billion. At quarter-end, Ford had nearly $28 billion in cash and $46 billion in liquidity. It’s going to need it: Ford’s profit margin was razor-blade thin at 1.9%. Perhaps worse, full-year 2024 adjusted EBIT is  now forecast at ~$10 billion. Nonetheless, Ford declared fourth-quarter regular dividend of 15 cents per share. Head hunters are also on the street looking for a new chief of staff. Continue reading →

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Shareholder Warning – Ford Delays Next Gen Electric Truck

Posted on 21 August 2024 by Ken Zino

Electric vehicle consumers currently, so to speak, are more cost-conscious than early adopters, looking to electric vehicles as a practical way to save money on fuel and maintenance, as well as time by charging at home. This, along with numerous new electric vehicle choices coming to market during the next 12 months , as well as rising compliance requirements, has multiplied pricing pressures. In short (groan) all automakers to survive must have  globally competitive cost structure, emphasizing some customer and product segments to ensure profitable growth and capital efficiency. Continue reading →

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Ford Motor Posts Q1 2024 Net Income of $1.3 Billion

Posted on 25 April 2024 by Ken Zino

Ford Motor (NYSE: F) late yesterday posted weak 2024 Q1 operating results of $42.8 billion in revenue (+1.3B YoY), net income of $1.3 billion (-1.1%), and adjusted EBIT of $2.8 billion (-6%) as global sales dropped 11,000 vehicles to 1,045,000. Ford nonetheless declared a second-quarter regular dividend of 15 cents per share, payable 3 June to shareholders of record at the close of business on 8 May 2024. Continue reading →

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Ford Stumbles on EVs – Two Year Delays on Three-Row Entries

Posted on 4 April 2024 by Ken Zino

“There will be unexpected setbacks in the transition to EVs, but we fully expect Ford to investigate every available option to support our Oakville members. It is unacceptable, after 120 years of operation in this country, that Ford does not plan to build a single vehicle in Canada for years on end,” said Local 707 Oakville Assembly Complex Chairperson Marc Brennan. Unifor is Canada’s largest union in the private sector and represents 315,000 workers in every major area of the economy. Continue reading →

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Ford Cuts F-150 Lightning Production. Ups Bronco and Ranger

Posted on 19 January 2024 by Ken Zino

“We are taking advantage of our manufacturing flexibility to offer customers choices while balancing our growth and profitability. Customers love the F-150 Lightning, America’s best-selling EV pickup,” said Ford President and CEO Jim Farley, who last year was boasting about his ability to increase prices on the Lightning. “We see a bright future for electric vehicles for specific consumers, especially with our upcoming digitally advanced EVs and access to Tesla’s charging network beginning this quarter,” Farley claimed.

Ford of course is hemorrhaging red ink in it’s EV business as Tesla (Cybertruck), GM (Chevy, Cadillac Lyric SUV, GMC, Hummer) and Stellantis – (electrified Jeeps) increase theirs. Ford’s EV business – Model e – lost $1.3 billion on electric vehicles even though it reported 44% higher shipments of electric vehicles, and 26% revenue growth during Q3 of 2023. Continue reading →

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Ford Motor US Sales Up 7% in 2023

Posted on 4 January 2024 by Ken Zino

“In a year of challenges, from a labor strike to supply issues, our amazing lineup of gas, electric and hybrid vehicles and our fantastic dealers delivered solid growth and momentum. We have the products that customers want,” said Jim Farley, Ford president and CEO. Continue reading →

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