Ford Motor Co. said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment in Rivian Automotive Inc., following the electric-vehicle maker’s blockbuster market debut in November. Rivian had soared as much as 53 percent to cross $100 billion in the biggest initial public offering of 2021, but the company’s shares…
Ford Records $8.2 Billion Fourth-Quarter Gain From Rivian Investment
Ford, ADT Form Venture to Make Vehicle Security Products
DETROIT—Ford and security company ADT have formed a joint venture that will help businesses protect vehicles and expensive equipment they carry from theft. The first product from the venture called Canopy is a system that uses cameras, radar, global positioning and artificial intelligence to spot a potential thief and notify ADT, which will monitor the…
Ford Crosses $100 Billion in Market Value for the First Time
Ford Motor Co.’s market value breached $100 billion for the first time on Thursday, as more investors bet on the Detroit automaker’s electrification strategy. The company’s shares, which have more than doubled in value last year, were up 3.7 percent in afternoon trade after hitting a more than two-decade high earlier. Ford is now worth…
Is Ford Stock Overvalued or Undervalued?
Ford Motor Company shares have outperformed the S&P 500 in the last year, generating a 12-month total return of 174.4 percent. But after a huge run, investors may be wondering if there’s any value left in Ford stock. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s…
Ford Posts 7 Percent Fall in 2021 US Auto Sales
Ford Motor Co. reported a 6.8percent fall in 2021 U.S. vehicle sales on Wednesday, as the automaker struggled to deliver its cars and trucks due to lingering supply-chain bottlenecks and a global chip shortage. The Detroit automaker sold 1,905,955 vehicles in 2021, ending up behind new U.S. leader Toyota Motor Corp. and rival General Motors…
Ford Doubles Production of F-150 Lightning Electric Truck
Ford Motors announced on Tuesday that it will double its production of the F-150 Lightning electric truck in response to high demand, bringing the total production quota to 150,000 vehicles per year and allowing customers to receive the vehicle as early as Spring 2022. The decision follows a frenzy of media interest in the new…
S&P 500, Dow Hit Record Highs; Ford Shines
The Dow and the S&P 500 hit record highs shortly after opening on Tuesday as worries about the Omicron variant of the coronavirus subsided and travel stocks bounced, while Ford gained on upbeat electric pickup production forecast. At 9:31 a.m. ET, the Dow Jones Industrial Average was up 182.88 points, or 0.50 percent, at 36,767.94,…
Foreign Carmakers Interested in Ford Plant in India: State Minister
CHENNAI—Foreign automakers have indicated an interest to the government of India’s Tamil Nadu state in acquiring Ford Motor Co.’s plant there, the state industries minister said on Thursday, after inconclusive talks with the Tata Group. Ford announced plans to stop production in India in September, as it did not see a path to profitability there….
Ohio Rustbelt Future Uncertain as Ford Mulls Taking $900M Expansion to Mexico
Just two years ago the United States economy was roaring, gas prices were low, and the global COVID-19 pandemic had not begun. November 2019 was the perfect time for a four-year contract to be ratified between the United Autoworkers Union and Ford Motor Company that would include a $900 million expansion of the Ohio assembly…
Ford Expects to Triple Electric Mustang Output by 2023
December 11, 2021
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Ford Motor Co. expects to triple the output of its all-electric Mustang Mach-E SUV to over 200,000 units per year by 2023 for North America and Europe, its Chief Executive Officer Jim Farley said in a tweet on Friday. “It’s hard to produce Mustang Mach-Es fast enough to meet the incredible demand, but we are…
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