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Tag Archives: Jim Farley
Ford Motor 2020 Loss $1.3 Billion. Microchip Shortage Looms
Chasing General Motors, Ford said it would increase its planned investments in electric and autonomous vehicles to more than $22 billion and $7 billion in turn through 2025. GM caught the industry by surprise when it said it would have 30 new EVs globally during roughly that period. It was the latest Ford attempt to appease the capital markets which remain skeptical about the lackluster performance of the Dearborn based automaker. Continue reading
Vijay Sankaran Rejects Information Officer Job at Ford
Ford has previously said that Sankaran, 47, had accepted an offer to become Ford’s chief software and information officer beginning this week, after serving seven years with TD Ameritrade. Continue reading
Posted in mobility company, people
Tagged auto industry commentary, autoinformed, autoinformed.com, Jim Farley, Ken Zino, Vijay Sankaran
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Ford Q3 Net Income at $2.4B Treads Water. Q4 $500M Loss?
As a result, the Ford outlook is wobbly including a fourth quarter adjusted EBIT between break-even and a, gulp, $500 million loss. Continue reading
Ford Pickup Truck Sales Best Q3 in 15 Years. Cars Dead
Ford’s overall pickup sales of combined F-Series and Ranger totaled 249,997 pickups. This was Ford’s best Q3 pickup sales since 2005, with combined sales up 4.0% over a year ago. F-Series Q3 retail sales were up 10.1% over a year ago and are back above pre-corona virus sales levels. Total F-Series sales of 221,647 for the quarter were up 3.5%. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, ford motor, Jim Farley, Ken Zino
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Ford Motor Changes CEO from Jim Hackett to Jim Farley
Farley, an automotive leader with global experience and a successful track record (He launched Lexus at Toyota), collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan. Continue reading
Posted in auto news
Tagged auto industry commentary, autoinformed, autoinformed.com, Jim Farley, Jim Hackett, Ken Zino, milestones, people
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Ford Motor Changes Top Exec Roles Again
The changes come as Ford is restructuring operations, investing in the product portfolio and reducing bureaucracy. Ford lost $1.7 billion (42 cents a share) during Q4 2019 compared to a loss of $100 million, or 3 cents a share, year-over-year. This included a previously disclosed $2.2 billion charge for underfunded pensions. Adjusted for one-time items, Ford said it gained 12 cents a share during the year, compared with 30 cents a share a year ago. Revenue fell 5% to $39.7 billion from $41.8 billion a year ago. Global sales, share, earnings, and profits all decreased. Continue reading
Posted in financial results, mobility company, people
Tagged auto industry commentary, autoinformed.com, Jim Farley, Jim Hackett, Kenneth Zino
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New Executives For Safety, AV, Strategy, and Ford Credit
Ford Motor Company has made public the retirement of two longtime executives, new assignments for two corporate officers, and promotions to senior positions for three people at the company. Continue reading
Volkswagen and Ford Announce Alliance Without Cross Equity
The history of such industry collaborations is difficult and littered with road kill. The problem is whether the two global giants and hundreds of thousands of workers can walk in step together or stumble over each other. Continue reading
Posted in auto news, economy, engineering, financial results, manufacturing, marketing, mobility company, new vehicle, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, CEO, connected vehicles, Dr. Herbert Diess, Dr. Thomas Sedran, Ford Motor Company, Jim Farley, Jim Hackett, Ken Zino, new vehicle reviews, Volkswagen AG, Volkswagen Commercial Vehicles
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Mark Fields Out, Jim Hackett in as Ford Motor CEO
Hackett led Ford Smart Mobility – arguably the future of the industry with ride sharing, electric vehicle, sales of big data and autonomous cars thrown in – since March 2016. Continue reading
Ford Posts Q1 Income of $3.3B. Semiconductors Still Difficult
The company anticipates full-year 2021 adjusted EBIT to be between $5.5 billion and $6.5 billion, including an adverse effect of about $2.5 billion from the semiconductor supply issue. Adjusted free cash flow for the full year is projected to be $500 million to $1.5 billion, a large range reflecting the uncertainty in a global economy still reeling from the Covid pandemic. Continue reading →