Tag Archives: Jim Farley

Ford Posts Q1 Income of $3.3B. Semiconductors Still Difficult

Posted on 29 April 2021 by Ken Zino

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 →

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Ford Motor 2020 Loss $1.3 Billion. Microchip Shortage Looms

Posted on 5 February 2021 by Ken Zino

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 →

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Vijay Sankaran Rejects Information Officer Job at Ford

Posted on 20 November 2020 by Ken Zino

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 →

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Ford Q3 Net Income at $2.4B Treads Water. Q4 $500M Loss?

Posted on 29 October 2020 by Ken Zino

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 →

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Ford Pickup Truck Sales Best Q3 in 15 Years. Cars Dead

Posted on 2 October 2020 by Ken Zino

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 →

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Ford Motor Changes CEO from Jim Hackett to Jim Farley

Posted on 4 August 2020 by Ken Zino

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 →

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Ford Motor Changes Top Exec Roles Again

Posted on 7 February 2020 by Ken Zino

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 →

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New Executives For Safety, AV, Strategy, and Ford Credit

Posted on 7 November 2019 by Ken Zino

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 →

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Volkswagen and Ford Announce Alliance Without Cross Equity

Posted on 15 January 2019 by Ken Zino

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 →

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Mark Fields Out, Jim Hackett in as Ford Motor CEO

Posted on 23 May 2017 by Ken Zino

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 →

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