US3453708600 - Common Stock
FORD MOTOR CO
NYSE:F (11/21/2024, 12:13:09 PM)
10.775
+0.04 (+0.42%)
Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. The company is headquartered in Dearborn, Michigan and currently employs 177,000 full-time employees. The firm develops and delivers Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. Its Ford Blue segment includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid vehicles, service parts, accessories, and digital services for retail customers. Ford Model e segment primarily includes the sale of electric vehicles, service parts, accessories, and digital services. Ford Pro primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. Ford Next segment primarily includes expenses and investments for emerging business initiatives aimed at creating value for Ford in vehicle-adjacent market segments. Ford Credit segment is comprised of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities.
FORD MOTOR CO
One American Road
Dearborn MICHIGAN 48126
P: 13133223000
CEO: James D. Farley Jr.
Employees: 177000
Website: https://www.ford.com/
Major car makers like Ford, GM, Stellantis, and VW have announced layoffs and factory closures in recent weeks amid industry instability.
Car sales in Europe are flatlining, leading manufacturers including Ford Motor Co. and Volkswagen AG to push for cost cuts in response to muted demand.
Federal Reserve Bank of Boston President Susan Collins said more interest-rate cuts are needed, but policymakers should proceed carefully to avoid moving too quickly or too slowly.
Ford plans to cut another 4,000 jobs in Europe as demand for electric vehicles slow down. Operations in Germany and the UK will be hit the hardest. Keith Naughton reports. (Source: Bloomberg)
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