11.84 -0.05 (-0.42%)
After hours: 7:59PM EDT
|Bid||11.82 x 2200|
|Ask||0.00 x 1100|
|Day's Range||11.67 - 11.89|
|52 Week Range||10.14 - 13.48|
|PE Ratio (TTM)||6.16|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||0.60 (5.05%)|
|1y Target Est||12.34|
German automaker Volkswagen AG and Big Three U.S. automaker Ford Motor are
Ford celebrates the purchase of Detroit’s long vacant train depot that the automaker plans to redevelop for research and development of self-driving vehicles (June 19)
Ford Motor Co. and Volkswagen AG are exploring how they could work together to better compete globally as cars become more technologically advanced and customer expectations evolve. The companies said Tuesday they were exploring a strategic alliance that could include jointly developing a range of commercial vehicles as well as other projects. The two companies said they weren’t discussing cross- ownership stakes or stock arrangements, implying that the two companies aren’t in merger talks.
Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit's infamous blighted landmark, turning it into offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services. Speaking to a large crowd outside the grand, yet dilapidated 18-story Michigan Central Station, Ford family scion and the automaker's executive chairman, Bill Ford, recalled how the railway station, opened in 1914, brought countless thousands of immigrants to Detroit during its heyday, before closing in 1988 and falling into disrepair. "This became a place where hope left, it became a symbol of the city's hard times" Ford told a crowd gathered in front of the looming structure.
Ford Motor Co. is celebrating its purchase of Detroit's long vacant train depot that the company plans to redevelop for research and development of self-driving vehicles. The company's executive chairman, Bill Ford, has used the Michigan Central depot as a backdrop while publicly laying out plans for the 105-year-old train station and surrounding neighborhood. Bill Ford said Tuesday that the company is reimagining mobility and "making a big bet on" its future with the investments.
Bill Ford Jr., executive chairman, Ford Motor Company, provides a crowd of nearly 5,000 people with details of the company’s vision for its recently acquired Michigan Central Station in Detroit’s Corktown neighborhood. In the days since the announcement that Ford Motor Company had acquired the long-abandoned Michigan Central Station in Detroit, executive chairman Bill Ford has given numerous interviews about his hopes to spur the city’s rebirth around this icon of urban decay. Nearly five decades ago, when Bill Ford’s uncle, Henry Ford II was still in command of the family business, he hatched a plan to give new life to the city in the wake of white flight and race riots.
Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) are talking about jointly developing and building a range of commercial vehicles including vans, the companies confirmed on Tuesday. A Reuters story earlier on Tuesday said VW and Ford were discussing joint production of vans. In a joint statement late Tuesday, VW and Ford said they were considering a strategic alliance and "investigating several joint projects," including development of a range of commercial vehicles for global markets.
DETROIT (AP) — Ford and Volkswagen are exploring joint development of future commercial vehicles in a possible alliance that could lead to cooperation in other areas.
Volkswagen AG and Ford Motor Co are talking about jointly developing and building a range of commercial vehicles including vans, the companies confirmed on Tuesday. A Reuters story earlier on Tuesday said VW and Ford were discussing joint production of vans. In a joint statement late Tuesday, VW and Ford said they were considering a strategic alliance and "investigating several joint projects," including development of a range of commercial vehicles for global markets.