|
SECURITY: F (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Ford Motor Company, a
global automotive industry leader based in Dearborn, Michigan, manufactures
and distributes automobiles in 200 markets across six continents. With
more than 324,000 employees worldwide, the Company's core and affiliated
automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln,
Mazda, Mercury and Volvo. Its automotive-related services include Ford
Motor Credit Company and The Hertz Corporation.
Fondé en 1903,
Ford est le 2e constructeur automobile mondial (23,7% de pdm aux États-Unis,
11% de pdm en Europe). Son activité s'articule autour des 2 métiers
suivants :
- automobile . En 2001,
le groupe a vendu 6,9 millions de véhicules sous les marques Ford,
Lincoln, Mazda, Volvo, Mercury, Jaguar et Aston Martin (environ 70 modèles).
Ford possède 20 000 points de vente répartis dans 250 pays.
Le groupe détient également 33,39% de Mazda
- financement :
présent dans 40 pays, Ford Credit est le 1er établissement
de crédit pour automobile au monde (10 millions de clients)
http://www.ford.com/
FORD
REPORTS SEPTEMBER SALES
Ford,
Lincoln and Mercury sales totaled 116,734, down 34 percent versus year
ago.
Weakening
economy, tight credit and cautious consumers pulled Ford and industry sales
in September to lowest level this year.
Ford
Flex crossover and Lincoln MKS sedan post highest retail shares in September.
Ford
readies for launch of all-new F-150.
DEARBORN,
Mich., Oct. 1, 2008 – Ford, Lincoln and Mercury dealers reported total
sales of 116,734 in September, down 34 percent versus a year ago.
September
was the lowest sales month for Ford and the industry this year.
“Consumers
and businesses are in a very fragile place,” said Jim Farley, Ford group
vice president, Marketing and Communications. “An already weak economy
compounded by very tight credit conditions has created an atmosphere of
caution.”
The
national marketing launch for the Ford Flex crossover and Lincoln MKS sedan
began in September. Both new products have steadily increased their
share of segment. The Ford Flex has the highest conquest rate of
any Ford product (except for Escape Hybrid), and also is attracting the
highest rate of premium and import buyers. The Lincoln MKS ranks
third in the mid-size luxury car segment behind only the BMW 5-Series and
the Mercedes Benz E-Class.
The
2009 model Ford F-150 has class leading capability (11,300 pounds towing
and 3,030 pounds payload) and unsurpassed fuel economy of 21 mpg highway
with the SFE package.
“The
sell down of the current model F-150 is ahead of schedule, and the first
shipments of the new F-150 will arrive soon at Ford dealers,” said Farley.
Ford’s
F-Series is America’s No. 1 selling truck for 31 years in a row and the
new F-150 is designed and engineered to raise the bar in the light-duty
pickup market.
FORD
MOTOR COMPANY ANNOUNCES AGREEMENT TO SELL JAGUAR LAND ROVER TO TATA MOTORS
DEARBORN,
Mich., March 26, 2008 – Ford Motor Company [NYSE: F] announced today that
it has entered into a definitive agreement to sell its Jaguar Land Rover
operations to Tata Motors.
The
transaction is the culmination of Ford’s decision last August to explore
strategic options for the Jaguar Land Rover business, as the company accelerates
its focus on its core Ford brand and “One Ford” global transformation.
The
sale is expected to close by the end of the next quarter and is subject
to customary closing conditions, including receipt of applicable regulatory
approvals.
The
total amount to be paid in cash by Tata Motors for Jaguar Land Rover upon
closing will be approximately US $2.3 billion. At closing,
Ford will then contribute up to approximately US $600 million to the Jaguar
Land Rover pension plans.
"Jaguar
and Land Rover are terrific brands," said Alan Mulally, president and CEO,
Ford Motor Company. "We are confident that they are leaving our fold
with the products, plan and team to continue to thrive under Tata’s stewardship.
Now, it is time for Ford to concentrate on integrating the Ford brand globally,
as we implement our plan to create a strong Ford Motor Company that delivers
profitable growth for all."
"This
is a good agreement. It provides the Jaguar Land Rover management
team and employees with the assurances needed to maintain their focus on
delivering the best results for the business," said Lewis Booth, executive
vice president, Ford Motor Company, who has responsibility for Ford of
Europe, Volvo and Jaguar Land Rover. "I am confident that, under
its new owner, Jaguar Land Rover will continue to build upon the significant
improvements and product successes it has achieved in recent years."
As
part of the transaction, Ford will continue to supply Jaguar Land Rover
for differing periods with powertrains, stampings and other vehicle components,
in addition to a variety of technologies, such as environmental and platform
technologies. Ford also has committed to provide engineering support,
including research and development, plus information technology, accounting
and other services.
In
addition, Ford Motor Credit Company will provide financing for Jaguar and
Land Rover dealers and customers during a transitional period, which can
vary by market, of up to 12 months.
The
parties believe these arrangements will support Jaguar Land Rover’s current
product plans, while providing Jaguar Land Rover freedom to develop its
own stand-alone capabilities in the future that will best serve its premium
manufacturer requirements.
The
parties do not anticipate any significant changes to Jaguar Land Rover
employees’ terms of employment on completion.
Ford
Motor Company Reports November U.S. Sales
Ford's
November U.S. sales totaled 182,259, down 10 percent compared with a year
ago.
Ford
Fusion, Mercury Milan, and Lincoln MKZ pace car sales increase to retail
customers.
All-new
Expedition (up 14 percent) and Navigator (up 65 percent) post double-digit
gains in November.
Ford
November inventories are 122,000 units lower than a year ago.
Ford
updates fourth quarter 2006 North American production plan and announces
first quarter 2007 plan.
DEARBORN,
Mich., Dec. 1 /PRNewswire-FirstCall/ -- Ford Motor Company's (NYSE: F)
dealers delivered 182,259 vehicles to U.S. customers in November, down
10 percent compared with a year ago.
November
car sales were 3 percent lower than a year ago, reflecting lower deliveries
to fleet customers. Sales to individual retail customers were up reflecting
higher sales for the company's new mid-size sedans (Ford Fusion, Mercury
Milan and Lincoln MKZ). Fusion was up 66 percent, Milan was up 29 percent
and MKZ was up 83 percent. These 2007 models feature standard side-air
bags and available all-wheel drive.
Overall,
truck sales were down 13 percent, but the company's all-new, full-size
sport utility vehicles (Ford Expedition and Lincoln Navigator) posted higher
sales. Expedition sales were up 14 percent and Navigator sales were up
65 percent.
FORD
REPORTS FIRST QUARTER 2006 FINANCIAL RESULTS
Net
loss of 64 cents per share, or $1.2 billion.
Earnings
from continuing operations of 24 cents per share, or $458 million, excluding
special items.*
Worldwide
automotive pre-tax loss of $184 million, excluding special items.
Ford
Credit pre-tax profit of $751 million, excluding special items
DEARBORN,
Mich., April 21, 2006 - Ford Motor Company [NYSE: F] today reported a net
loss of 64 cents per share, or $1.2 billion, for the first quarter of 2006.
This compares with net income of 60 cents per share, or $1.2 billion, in
the first quarter of 2005.
Ford's
first-quarter earnings from continuing operations, excluding special items,
was 24 cents per share, or $458 million.*
Ford's
total sales and revenue in the first quarter was $41.1 billion, down $4.1
billion from a year ago.
*
Earnings per share from continuing operations excluding special items is
calculated on a basis that includes pre-tax profit and provision for taxes
and minority interest. See table following "Safe Harbor/Risk Factors"
for the nature and amount of these special items and a reconciliation to
GAAP.
"I
am confident that we are confronting our challenges head-on and that we
will succeed in our turnaround and getting back on track to
ensure our long-term success," said Chairman and Chief Executive Officer
Bill Ford. "We are clearly in a period of transition. However,
I am pleased with the changes underway to make Ford a leaner, more innovative
company. I also am grateful to our employees for the cooperation
and confidence in Ford that they have demonstrated by embracing these changes,
which can be very difficult."
Special
items reduced earnings by 88 cents per share in the first quarter.
The pre-tax effect of these items include:
A
charge of $1.7 billion, or 61 cents per share, for costs associated with
expected North America Way Forward-related layoff and jobs bank benefits
and voluntary termination packages;
A
charge of $414 million, or 14 cents per share, of related non-cash pension
curtailment charges;
Facility-related
costs, primarily associated with last month's idling of the St. Louis Assembly
Plant, of $281 million or 10 cents per share; and
Costs
of $95 million, or 3 cents per share, associated with additional personnel
reduction programs not directly related to Way Forward.
First-quarter
highlights included:
Launched
Way Forward plan to return North America automotive operations to profitability
no later than 2008. Plan includes idling and ceasing operations at
14 manufacturing facilities through 2012, including seven vehicle assembly
plants, and initiatives to generate net material cost savings of at least
$6 billion by 2010, improve quality and invest in new products.
Introduced
U.S. products that are performing well in the marketplace, including Ford
Fusion, Mercury Milan and Lincoln Zephyr.
Launched
all-new Ford Ranger in Thailand, Ford Fiesta in India, Ford Focus in China
and confirmed Volvo S40 would also be locally produced in China.
Best
ever first quarter global sales for Land Rover, increasing 26 percent over
a year ago.
|