F - Ford Motor Company
| Previous Close | 8.93 |
| Open | 8.96 |
| Bid | 9.02 x 40000 |
| Ask | 9.03 x 27000 |
| Day's Range | 8.95 - 9.07 |
| 52 Week Range | 7.41 - 10.56 |
| Volume | 27,910,970 |
| Avg. Volume | 35,475,088 |
| Market Cap | 35.744B |
| Beta (3Y Monthly) | 1.06 |
| PE Ratio (TTM) | 22.54 |
| EPS (TTM) | 0.40 |
| Earnings Date | Feb 4, 2020 |
| Forward Dividend & Yield | 0.60 (6.72%) |
| Ex-Dividend Date | 2019-10-21 |
| 1y Target Est | 10.09 |
- Autoblog
Ford Fiesta, Focus transmission problems: 'Everybody knew,' workers say
Seven current and former employees who worked on the Ford Fiesta and Focus cars caught in a mounting scandal over defective transmissions told the Detroit Free Press that despite the problem being well-known and understood before the cars went on sale, the company discouraged employees from speaking up to voice concerns. The issue concerns the DPS6 dual-clutch PowerShift six-speed transmission featured in 2 million Fiesta and Focus cars first launched in 2011 and 2012, respectively. The transmission was first of its kind for Ford in the U.S., and it used a dry-clutch system that proved incapable of cooling itself, leading to failure.
- MarketWatch
Ford recalls 262,000 pickup trucks with defective tailgate latches
ASSOCIATED PRESS DETROIT (AP) — Ford Motor Co. (F) is recalling nearly 262,000 heavy-duty pickup trucks in the U.S. and Canada because the tailgates can open unexpectedly. The recall covers F-250, F-350 and F-450 trucks from the 2017 through 2019 model years.
- American City Business Journals
Ford issues recalls affecting trucks, SUVs
Ford Motor Co. is issuing two safety recalls in North America. The first is for select 2017-19 Ford F-250, F-350 and F-450 Super Duty vehicles which can experience unintended tailgate opening. In affected vehicles, equipped with an electric tailgate latch-release switch mounted in the tailgate handle, water entering the electrical wiring system may cause a short circuit.
- Bloomberg
Waymo’s Autonomous Taxi Service Tops 100,000 Rides
(Bloomberg) -- More than 100,000 trips have been taken in robotaxis operated by Waymo, the self-driving car unit of Alphabet Inc. Now the service is expanding to iPhone users.On the first anniversary of its pilot program in Chandler, Arizona, Waymo said it will begin offering an iOS app for its robot ride-hailing service for iPhones. It also revealed new details of the pioneering robotaxi service, which has been slow to offer fully autonomous service without human “safety drivers” behind the wheel to take over in an emergency.Waymo, which began a decade ago as Google’s self-driving car project, said its service has 1,500 monthly users and has tripled the number of weekly rides since January. Since late summer, Waymo has ramped up a “rider only” option without human safety drivers to a test group of a few hundred commuters. While those people weren’t always charged initially, they are now paying rates that are competitive with Uber and Lyft ride-hailing services, according to a Waymo spokeswoman.Most Waymo rides occur in the late afternoon and evening, with commuters using the service for everything from getting to work to having a “date night,” Dan Chu, the company’s chief product officer, wrote in a blog post.The service is expanding and will add more riders who will join a wait list by using the new iOS app. The service has been available on Android phones since the spring.Still, John Krafcik, Waymo’s chief executive officer, told reporters in October he is unsure when commercial robotaxis will take off. General Motors Co. has delayed the rollout of its service and Ford Motor Co.’s CEO has said the industry overestimated the arrival of self-driving cars.“It’s an extremely challenging thing to do,” Krafcik told reporters at a dinner in Detroit. “I do share your sense of uncertainty, even in my role. I don’t know precisely when everything is going to be ready, but I know I am supremely confident that it will be.”(Updates with comment from company spokeswoman in third paragraph.)To contact the reporter on this story: Keith Naughton in Southfield, Michigan at knaughton3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
Pantone’s color of the year is Facebook blue
“Classic Blue” — already used by brands like Pepsi, Ford, Facebook and Visa — been dubbed the color of 2020.
- Benzinga
McDonald's Leftover Coffee Beans Will Be Used To Help Manufacture Ford Car Parts
McDonald's has no need for the remnants of its coffee beans, called chaffs, and Ford figured out a way to transform it into car parts. Ford Senior Technical Leader of Sustainable Materials explained that the leftover chaff when mixed with plastic and other additives creates pellets that can be molded into vehicle parts.
- Reuters
UPDATE 1-Brazil auto production, sales to rise next year - Anfavea
Brazilian auto production and sales are expected to rise next year, the national automakers' association Anfavea said on Thursday, without providing more specific guidance. Brazil's economy and auto industry have yet to fully recover from the 2015-16 recession, the worst on record. Anfavea figures on Thursday showed that automobile production fell 21.2% in November from October, pulled lower by there being three fewer business days last month.
- Reuters
UAW names Rory Gamble to serve as president until 2022
The United Auto Workers union international executive board on Thursday named the acting president Rory Gamble to serve in the job until June 2022 after its previous president resigned last month. Gary Jones resigned after 17 months in office as the union moved to remove him from office. U.S. prosecutors are widening a criminal investigation into illegal payoffs that so far has seen about a dozen plead guilty.
- Zacks
"Trash" Stocks Riding on Waste Recycling Spree
Urbanization and population growth leads to waste generation. However, this provides an opportunity for waste management companies to grow.
- Reuters
Russia's November car sales fall 6.4% year-on-year - AEB
Sales of new cars in Russia fell 6.4% year-on-year in November to 156,848 units, after a 5.2% decline in the previous month, the Association of European Businesses (AEB) said on Thursday. "November sales confirmed the prevailing negative trend in the Russian car market this year," Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, said in a statement. Schreiber said strong sales in the latter part of the previous year explained the decrease and meant a trend recovery is not expected in December sales.
- Insider Monkey
Is Ford Motor Company (F) A Good Stock To Buy ?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 752 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- Reuters
UAW union leaders recommend approval of Fiat Chrysler labor deal
United Auto Workers leaders from Fiat Chrysler Automobiles NV's U.S. plants on Wednesday recommended approval of a tentative labor agreement that would allow the Italian-American automaker to avoid a strike as it works to merge with France's Groupe PSA. Fiat Chrysler (FCA) and PSA, the maker of Peugeot and Citroen, in October announced a planned $50 billion merger to create the world's fourth-largest automaker. The tentative four-year agreement with FCA, reached last week, must now be ratified by the 47,200 UAW members at the company, with voting set to begin Friday.
- American City Business Journals
Ford, McDonald's team up to use coffee bean skins to make lighter cars
Ford said it will use coffee chaff, which is the dried skin of the bean that comes off during the roasting process, to make some of its car parts.
- Bloomberg
Carmakers Shed 80,000 Jobs as Electric Shift Upends Industry
(Bloomberg) -- It’s turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology, with Daimler AG and Audi announcing almost 20,000 job cuts in just the past week.All told, carmakers are eliminating more than 80,000 jobs during the coming years, according to data compiled by Bloomberg News. Although the cuts are concentrated in Germany, the U.S. and the U.K., faster-growing economies haven’t been immune and are seeing automakers scale back operations there.The German companies joined General Motors Co., Ford Motor Co. and Nissan Motor Co. in massive retrenchments put in motion over the past year. The industry is sputtering as trade tensions and tariffs raise costs and stifle investment, and as manufacturers reassess their workforce in an era of electrification, autonomous driving and ride-on-demand services.The global auto industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit. German auto-industry lobby VDA on Wednesday predicted that the decline will continue next year, forecasting global deliveries of 78.9 million vehicles, the lowest level since 2015.The pace of job cuts in the home of Mercedes-Benz, Porsche and BMW is expected to be “more pronounced in 2020,” VDA President Bernhard Mattes said at a press conference in Berlin, adding that the technology shift alone could lead to the loss of 70,000 jobs over the next decade.“A fundamental structural change with enormously high investments at a time of deteriorating market dynamics -- the tension is being felt at many companies,” said Mattes.Cuts are also being carried out in China, which employs the largest number of people in the industry and has been mired in a sales slump. Electric-vehicle startup NIO Inc., which has lost billions of dollars and watched its New York-listed shares plummet, dismissed about 20% of its workforce by the end of September, shedding more than 2,000 jobs.“The persistent slowdown in global markets will continue to dent automakers’ margins and earnings, which have already been hurt by increased R&D spending for autonomous-driving technology,” said Gillian Davis, an analyst with Bloomberg Intelligence. “Many automakers are now focused on cost-saving plans to prevent margin erosion.”Being an early leader in electrification hasn’t spared Nissan, which has been in turmoil since the arrest of former Chairman Carlos Ghosn a year ago.With profits plumbing decade lows, the Japanese automaker is shedding 12,500 positions in the coming years, mostly at factories across the globe, to reduce costs as it rushes to refresh an aging model lineup. A redesigned version of the battery-powered Leaf, which debuted later than planned because of the loss of the company’s longtime leader, isn’t giving the company much of a boost this year.Factory-floor workers have been rising up against the retrenching. GM’s more than 46,000 U.S. hourly workers staged a 40-day-long strike this fall — the longest against the company in almost half a century — but managed to coax the company into keeping open only one of the four American factories it made plans to shutter a year ago.On Nov. 22, about 15,000 people marched in the streets to protest job cuts and factory closures in Stuttgart, the German city that’s home to the global headquarters of Daimler, Porsche and major parts supplier Robert Bosch GmbH.Protesters in the historic downtown square of Schlossplatz wore red scarfs, blew whistles and waved red flags in support of Germany’s powerful labor union IG Metall, which organized the demonstrations. Top union officials who represent workers at Mercedes-Benz, Audi and many parts makers claim the companies are using the shift toward EVs as an excuse to push through deeper cuts and boost profits.“We don’t let our jobs be taken away just because some managers haven’t done their homework,” Roman Zitzelsberger, the regional head of IG Metall in the state of Baden-Wuerttemberg and the worker representative on Daimler’s supervisory board, told the crowd.The job concerns proved to be justified. Audi announced a week later it will eliminate as many as 9,500 positions in Germany through 2025 as parent Volkswagen AG prepares for a costly transition to electric vehicles. Daimler announced plans to shed more than 10,000 worldwide.If it were a country, the auto industry would be the world’s sixth-largest economy, according to Fircroft, a technical job-placement firm. In Germany alone, when including local operations of foreign manufacturers, about 150,000 jobs might be at risk in coming years, according to estimates by the Center of Automotive Management, near Cologne.The clouds started to form for U.S. carmakers last year, when Ford revealed plans for a years-long, $11 billion restructuring. The company has made a series of piecemeal announcements since then, slashing roughly 10% of its global salaried ranks and shutting six plants: three in Russia and one apiece in the U.S., U.K. and France. Of roughly 17,000 jobs Ford is eliminating, 12,000 will be in Europe.The state of car-factory jobs in the U.S. is less clear, mainly thanks to the new contracts Detroit-area automakers have been negotiating for the next four years.The prospects looked somewhat bleak for the United Auto Workers union when talks began this summer. With vehicle demand slowing, production shifts were being pared back across the country — by Nissan at its truck-and-van plant in Mississippi, Fiat Chrysler Automobiles NV at its Jeep Cherokee SUV factory in Illinois and Honda at an Ohio plant that mostly makes Accord sedans. Workers fear plug-in cars, which have fewer parts and require less labor to build, will doom auto jobs.In the end, the UAW has announced commitments by GM, Ford and Fiat Chrysler to invest almost $23 billion in U.S. facilities over the course of the next four years, and to add or retain more than 25,000 jobs. While that sounds like a lot, it remains to be seen whether the spending will actually boost production. It costs the companies billions to convert or retool existing factories for them to make new cars and powertrains.The union also didn’t emerge without some bruising losses, with the most notably being its lost battle to save GM’s spacious car plant in Lordstown, Ohio. The factory, opened in 1966, became a political football when the company announced production of Chevrolet Cruze sedans would end in March. President Donald Trump told supporters a year and a half earlier not to sell their homes, assuring them his administration would bring jobs back. GM sold the complex to cash-strapped electric-truck startup Lordstown Motors Corp. last month.For Scott Brubaker, GM’s offloading of the Lordstown plant could be a one-way ticket out of the auto industry. The automaker transferred him to its Corvette sports-car plant in Bowling Green, Kentucky, which meant leaving an Ohio farm his family has owned for four generations.The idling of the factory left him with two options: live in his camper trailer in Bowling Green and commute home on weekends, or take a $75,000 severance check from GM and find a new job near Lordstown. He has an offer to work for a company clearing land for developers, but it pays $5 an hour less than GM, and he says it would cost him his pension. Lordstown Motors is still raising money for its electric trucks, and Brubaker has his doubts it will succeed.“I went to GM for good pay and benefits,” Brubaker said. “What we did in the plant we did successfully, and GM still pawned us off.”(Adds comments from German auto lobby beginning in fourth paragraph)\--With assistance from Kristie Pladson, Keith Naughton, Gabrielle Coppola, Craig Trudell, Cécile Daurat and Chris Reiter.To contact the reporters on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.net;David Welch in Southfield at dwelch12@bloomberg.net;Anurag Kotoky in New Delhi at akotoky@bloomberg.netTo contact the editors responsible for this story: Emma O'Brien at eobrien6@bloomberg.net, Reed Stevenson, Michael TigheFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Business Wire
Ford Executive Marion Harris to Address Connectivity at Deutsche Bank’s 2019 AutoTech Conference
Ford executive Marion Harris, until recently a vice president in the company’s Mobility Business Group, will speak at the Deutsche Bank 2019 AutoTech Conference in San Francisco, Calif., on Tuesday, Dec.
- Investor's Business Daily
China Raises Electric Vehicle Sales Target But Drops This Ambitious Goal
China wants one in four cars sold by 2025 to be electric cars and hybrid cars, up from an earlier target of 20%. Tesla stock edged up.
- TechCrunch
Ford to shut down GoRide Health service and pivot to AV research
Six months ago, Ford laid out an ambitious plan to expand its GoRide Health transportation service with an aim at delivering thousands of rides every day to hospitals, doctor offices and other health care facilities by the end of the year. In a few weeks, the service, which provided transportation for non-emergency care, will no longer exist — at least in its current form. GoRide Health is pivoting.
- Schaeffer's Investment Research
Long-Term Call Traders Drop Big Bucks on Ford
One bull may be opening a big position in the January 2021 series
- GuruFocus.com
Why Ford Could Recover
The company’s growth strategy may catalyze investor sentiment Continue reading...
- Autoblog
Ford engineer calls an electric Mustang a when, not an if
The Mustang Mach-E, unveiled publicly at the 2019 Los Angeles Auto Show, inaugurated Ford's electric car offensive. The company will keep the momentum going by releasing additional battery-powered models in the coming years, and one of its top engineers says it's only a matter of time before the regular, two-door Mustang joins the growing arsenal of zero-emissions models. Ford developed the platform that underpins the Mach-E specifically for electric vehicles.
- Investopedia
Value ETFs Poised to Resume Uptrend
Value stocks have outperformed their growth peers in late 2019. Position for the trend to continue with these three value ETFs.
- Zacks
Fiat (FCAU) Enters 4-Year Tentative Labor Contract With UAW
Fiat (FCAU) commits an investment of $9 billion, boosting the $50-billion merger plans of Fiat and PSA to create the world's fourth largest automaker.
- Bloomberg
Germany's Car Jobs Boom Comes to a Screeching Halt
(Bloomberg Opinion) -- After a week in which Daimler AG and Volkswagen AG’s Audi announced thousands of job cuts, it’s easy to forget that the German car industry once seemed unassailable.The 2009 recession forced a massive downsizing of America’s auto giants. General Motors Co. and Chrysler filed for Chapter 11 bankruptcy protection; Ford Motor Co. escaped a similar fate only by cutting its workforce to the bone. By contrast, Volkswagen, BMW AG and Daimler’s Mercedes-Benz overcame the crisis with barely a scratch. Afterwards they took full advantage as wealthy Chinese splurged on luxury German vehicles. Germany’s carmakers and their suppliers went on a hiring spree at home and abroad.There were early signs of hubris: Volkswagen paid its chief executive officer 17.5 million euros ($19.3 million) in 2011. But Germany’s powerful trade unions made sure workers benefited too. In recent years production line staff at BMW and VW’s Porsche subsidiary took home almost 10,000 euros as an annual bonus. BMW spends an average of more than 100,000 euros per employee on salary, pension and social security costs, according to its annual report. Now that jobs boom has come to a screeching halt, and not before time. An industry facing unprecedented upheaval can’t afford such largess.The chief reason for the belt-tightening is, of course, the vast cost of moving beyond combustion engines. Volkswagen expects to spend an astonishing 60 billion euros on hybrid, electric and digital technology in the next five years. Doing this requires the hiring of even more people, but the products they’re developing aren’t always big money spinners yet.For a time, the industry will have to provide a full range of propulsion options. For their factories this means “peak complexity” — to borrow a phrase from Mercedes’s management. Eventually, however, many of these factory workers will become unnecessary because electric motors are much simpler to build than diesel and gasoline engines. Last week's job cuts won’t be the last.The German industry has been caught out too by an unexpected slowdown in demand. Continental AG, the supplier that’s cutting 20,000 jobs, expects production to stagnate over the next five years. Daimler said last month that sales haven’t matched its production capacity. Audi’s domestic plants are reportedly particularly under-utilized, not helped by the popularity of SUVs over sedans (the former tend to be built overseas).Volkswagen, BMW and Daimler will still generate about 24 billion euros of net profit this year, according to analysts polled by Bloomberg. But the era of 10% operating profit margins — long a benchmark for German luxury carmakers — is over. Mercedes thinks 4% is more realistic next year.The automakers therefore have to tackle their bloated fixed costs. In view of its spending commitments, Volkswagen was unwise to let its workforce swell to almost 700,000. That’s about 80% more than Japan’s Toyota Motor Corp., which builds a similar number of cars (though Volkswagen has a big truck unit too).Volkswagen’s labor expenses have crept higher as a percentage of sales since the last recession. Doubtless this reflects the influence of the German unions and hence it’ll be very difficult to rectify. Like their peers, German employees at the Volkswagen brand have job guarantees until 2029.Ultimately the German car jobs boom was a bet that demand would increase, combustion engines would have a long life and global trade would remain encumbered. Instead, the electric shift is happening faster than expected and Trump’s tariff crusades have turned the German industry’s global production presence into a liability.Cars are superfluous for many young people today, and if they do buy one it will soon have a simple electric motor, not a combustion engine made of hundreds of intricate components. The hiring practices of German carmakers look like a bubble that’s burst.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Autoblog
Fiat Chrysler and the UAW reach tentative labor deal
Fiat Chrysler Automobiles and the United Auto Workers (UAW) union on Saturday announced a tentative agreement for a four-year labor contract, a boost for the automaker as it works to merge with France's Groupe PSA. Italian-American Fiat Chrysler and PSA, the maker of Peugeot and Citroen, last month announced a planned $50 billion merger to create the world's fourth-largest automaker. The tentative agreement with Fiat Chrysler, which is subject to ratification by the union members, follows contracts that the UAW already concluded with Ford Motor Co and General Motors Co.
- MarketWatch
Fiat Chrysler, auto union reach tentative deal on contract
The United Auto Workers and Fiat Chrysler reached a tentative agreement Saturday on a new four-year contract, which includes a total of $9 billion in investments but still needs final approval from workers.
