ford
New York (AFP) - US automaker Ford topped earnings expectations in the fourth quarter of 2023 and is forecasting higher profits this year despite greater labor costs and losses in its electric vehicle segment, according to a financial report released Tuesday. The company reported adjusted earnings per share of 29 cents for the fourth quarter, above analyst estimates, while revenue came in at $46 billion for the period. For 2024, Ford expects earnings of $10 billion to $12 billion before interest and taxes, compared with $10.4 billion reported in 2023. Ford's latest results come after the auto ...
AFP
New York (AFP) - US auto giant Ford said Friday that it is reducing production of its F-150 Lightning electric pickup, as it anticipates weaker demand for electric vehicles this year. The automaker plans to cut production at the Rouge Electric Vehicle Center to one shift from April 1, impacting about 1,400 workers, with some to transfer to other roles and others expected to take retirement packages. "Ford expects continued growth in global EV sales in 2024, though less than anticipated," the company said in a statement. It is lowering production as it aims "to achieve the optimal balance of pr...
AFP
New York (AFP) - Ford on Thursday said the need to retore manufacturing operations outweighed the additional costs to sweeten a labor contract to end a strike that has cost it some $1.3 billion. "The important thing for us was to get back to work and get the factories running again," said Ford Chief Financial Officer John Lawler, a day after the company announced a tentative agreement with the United Auto Workers to end the nearly six-week strike. Ford was the first of Detroit's "Big Three" to reach a tentative agreement with the UAW, with both General Motors and Stellantis still facing a stop...
AFP
New York (AFP) - The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers. The deal, which rank-and-file workers must still approve in a vote, includes a 25 percent wage increase for hourly employees, the United Auto Workers (UAW) union said. Other key elements include guaranteed cost-of-living adjustments; an elimination of different pay levels or "tiers" that disadvantage junior employees; and a right to strike over plant closures. "For months we've said that record profits mean record con...
AFP
New York (AFP) - Ford reported increased US quarterly sales Wednesday, rounding out a series of upbeat performance updates in a still-robust market that has yet to feel significant pain from the auto workers' strike. Ford, one of three US car giants contending with the United Auto Workers stoppage, reported an eight percent jump in third-quarter US sales, pointing to substantial increases in truck sales -- including for the best-selling F-150 pickup line. The impressive sales reflect the benefit of much-improved vehicle availability after carmakers were stymied in the year-ago period by shorta...
AFP
New York (AFP) - Ford's CEO said Tuesday night that he was still optimistic of averting a looming strike, but that "there is a limit" to what the company can accept. "We're optimistic we can work through it in the next 48 hours," Jim Farley said of contract negotiations with the United Auto Workers (UAW) union. "We're absolutely ready for a strike and I know the UAW is too but we don't want it to come," Farley told reporters following a launch event at the Detroit Auto Show. Ford and fellow Detroit auto giants General Motors and Stellantis have been locked in tough negotiations with the UAW ...
AFP
New York (AFP) - Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV). Shares of the big US automaker initially climbed on results flattered by higher auto sales in its internal combustion engine (ICE) vehicle business, but later retreated as the company signaled near-term losses in EVs would be bigger than previously thought. Profits in the second quarter were $1.9 billion, nearly triple the year-ago level on revenues of $45 billion, 12 percent. Chief Financial Officer ...
AFP
New York (AFP) - A Ford joint venture to build three new electric vehicle battery plants is set to receive up to $9.2 billion in US federal loans under a program backed by President Joe Biden, officials announced Thursday. The US Department of Energy announced a "conditional commitment for a loan" to BlueOval SK, a joint venture between Ford Motor and SK On, a South Korean battery manufacturer, to build the new plants in the southern US states of Tennessee and Kentucky. Biden has supported heavy public investment in such initiatives to address climate change and bolster US manufacturing. The l...
AFP
New York (AFP) - Tesla will open its network of superchargers in the United States and Canada to Ford electric vehicles from 2024, the companies said Thursday, doubling the stations available to Ford customers. "In early 2024, all of Ford's existing customers and future customers will have access to 12,000 Tesla superchargers and high-speed superchargers across the US," Ford CEO Jim Farley said in a joint announcement with Tesla owner Elon Musk. Musk said he did not want Tesla charging stations "to be a walled garden," referring to strategies that block rivals from sharing products or technolo...
AFP
New York (AFP) - Ford reported solid quarterly profits Tuesday behind higher vehicle volumes and an improved operating performance, but said vehicle pricing was becoming less favorable compared with last year. Thanks to strong results in conventional auto sales that offset losses in electric vehicles, Ford reported better-than-expected first quarter results. Profits came in at $1.8 billion, compared with a $3.1 billion loss in the year-ago period connected to an accounting loss. Revenues jumped 20.2 percent to $41.5 billion. But Ford maintained its full-year targets, pressuring shares, as exec...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら