Ford, Volkswagen Confirm Alliance, Reveal Cooperation On Electric, Autonomous Vehicles [Forbes]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Forbes
Ford, Volkswagen Confirm Alliance, Reveal Cooperation On Electric, Autonomous Vehicles Volkswagen AG CEO Dr. Herbert Diess (right) and Ford Motor Co. President and CEO Jim Hackett at the North American International Auto Show in Detroit. Volkswagen AG Herbert Diess said working with Ford solves a problem for the German automaker in that while it has a strong economies of scale to build and develop passenger cars, that’s not the case with regards to light commercial vehicles and mid-size pickup trucks, where Ford is strong. “Sharing platforms and plants with Ford provides a very competitive scale effect, in this segment, with the effect that jointly we will become number one in this market segment,” said Diess. The companies said they intend to have the medium-size pickup trucks available in global markets as early as 2022, with commercial vans coming later. They expect to begin seeing financial benefits of the alliance by 2023. “On the Ford side we’re estimating about $500 million of
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- Ford Lost $130,000 on Every EV It Sold in the First Quarter [Yahoo! Finance]Yahoo! Finance
- Just one out of 10 SUVs receives 'good' crash test rating [FOX Business Network]FOX Business Network
- Donald Petersen, Ford Chief During Period Of Revival, Dies At 97 [Forbes]Forbes
- Biden's labor secretary touts auto union's win in the South: ‘That choice belongs to the workers' [Fortune]Fortune
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Earnings
- 4/24/24 - Beat
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Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form S-8
- 4/25/24 - Form S-8
- F's page on the SEC website