Tag Archives: NYSE F

Large European Job Cuts Coming at Ford, Again

Posted on 20 November 2024 by Ken Zino

Ford Motor Company (NYSE: F) announced today its restructuring plans to create a badly needed more “cost-competitive structure.” The main focus is the health of Ford’s passenger vehicle business in Europe, where it incurred significant losses for years. Ford is also lagging in the European shift to electrified vehicles, and new competition – especially Chinese – has been disruptive. Through Q3 of 2024, Ford sales are down ~18% in Europe. Continue reading →

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Ford Motor Posts 2023 Net Income of $4.3 Billion

Posted on 7 February 2024 by Ken Zino

CFO John Lawler said that Ford’s robust cash flow and disciplined capital allocation enable vital investments in Ford+ while also returning value to shareholders – targeting distributions of 40% to 50% of adjusted free cash flow. Ford declared a first-quarter regular dividend of 15 cents per share and a supplemental dividend of 18 cents per share. The dividends are payable March 1 to shareholders of record at the close of business on Feb. 16. Lawler said that Ford “will improve capital efficiency by both selectively reducing investments and raising the bar on expected returns for initiatives that the company greenlights.” Continue reading →

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