DOCSLIB.ORG

Ford Motor Company (Exact Name of Registrant As Specified in Its Charter)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Ford Motor Company (Exact Name of Registrant As Specified in Its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation) (I.R.S. Employer Identification No.) One American Road Dearborn, Michigan 48126 (Address of principal executive offices) (Zip code) 313-322-3000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $.01 per share F New York Stock Exchange 6.200% Notes due June 1, 2059 FPRB New York Stock Exchange 6.000% Notes due December 1, 2059 FPRC New York Stock Exchange Indicate by check mark if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No As of July 24, 2020, Ford had outstanding 3,907,536,920 shares of Common Stock and 70,852,076 shares of Class B Stock. Exhibit Index begins on page 74 FORD MOTOR COMPANY QUARTERLY REPORT ON FORM 10-Q For the Quarter Ended June 30, 2020 Table of Contents Page Part I - Financial Information Item 1 Financial Statements 1 Consolidated Statements of Cash Flows 1 Consolidated Income Statements 2 Consolidated Statements of Comprehensive Income 2 Consolidated Balance Sheets 3 Consolidated Statements of Equity 4 Notes to the Financial Statements 5 Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations 35 Recent Developments 35 Results of Operations 36 Automotive Segment 38 Mobility Segment 44 Ford Credit Segment 45 Corporate Other 48 Interest on Debt 48 Taxes 48 Liquidity and Capital Resources 49 Credit Ratings 58 Outlook 59 Cautionary Note on Forward-Looking Statements 60 Non-GAAP Financial Measures That Supplement GAAP Measures 61 Non-GAAP Financial Measure Reconciliations 63 Supplemental Information 66 Critical Accounting Estimates 70 Accounting Standards Issued But Not Yet Adopted 70 Item 3 Quantitative and Qualitative Disclosures About Market Risk 71 Item 4 Controls and Procedures 71 Part II - Other Information Item 1 Legal Proceedings 72 Item 1A Risk Factors 73 Item 6 Exhibits 74 Signature 75 i PART I. FINANCIAL INFORMATION ITEM 1. Financial Statements. FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) For the periods ended June 30, 2019 2020 First Half (unaudited) Cash flows from operating activities Net income/(loss) $ 1,333 $ (875) Depreciation and tooling amortization 4,988 4,802 Other amortization (587) (590) Held-for-sale impairment charges — 18 Provision for credit and insurance losses 166 779 Pension and other post-retirement employee benefits (“OPEB”) expense/(income) 123 (454) Equity investment dividends received in excess of (earnings)/losses 21 169 Foreign currency adjustments (92) 113 Net (gain)/loss on changes in investments in affiliates (2) (3,480) Stock compensation 169 107 Provision for deferred income taxes 200 655 Decrease/(Increase) in finance receivables (wholesale and other) 715 9,772 Decrease/(Increase) in accounts receivable and other assets (962) 220 Decrease/(Increase) in inventory (1,180) 66 Increase/(Decrease) in accounts payable and accrued and other liabilities 4,929 (2,485) Other 186 (175) Net cash provided by/(used in) operating activities 10,007 8,642 Cash flows from investing activities Capital spending (3,553) (2,955) Acquisitions of finance receivables and operating leases (26,202) (27,113) Collections of finance receivables and operating leases 24,974 22,923 Proceeds from sale of business (Note 17) — 1,340 Purchases of marketable securities and other investments (7,670) (19,624) Sales and maturities of marketable securities and other investments 8,540 10,804 Settlements of derivatives 83 73 Other 4 337 Net cash provided by/(used in) investing activities (3,824) (14,215) Cash flows from financing activities Cash payments for dividends and dividend equivalents (1,196) (596) Purchases of common stock — — Net changes in short-term debt 71 (789) Proceeds from issuance of long-term debt 26,233 44,303 Principal payments on long-term debt (25,767) (23,345) Other (149) (182) Net cash provided by/(used in) financing activities (808) 19,391 Effect of exchange rate changes on cash, cash equivalents, and restricted cash 24 (378) Net increase/(decrease) in cash, cash equivalents, and restricted cash $ 5,399 $ 13,440 Cash, cash equivalents, and restricted cash at beginning of period (Note 7) $ 16,907 $ 17,741 Net increase/(decrease) in cash, cash equivalents, and restricted cash 5,399 13,440 Cash, cash equivalents, and restricted cash at end of period (Note 7) $ 22,306 $ 31,181 The accompanying notes are part of the consolidated financial statements. 1 Item 1. Financial Statements (continued) FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS (in millions, except per share amounts) For the periods ended June 30, 2019 2020 2019 2020 Second Quarter First Half (unaudited) Revenues Automotive $ 35,758 $ 16,622 $ 72,997 $ 47,962 Ford Credit 3,089 2,739 6,186 5,706 Mobility 6 10 12 23 Total revenues (Note 3) 38,853 19,371 79,195 53,691 Costs and expenses Cost of sales 33,657 17,932 67,599 48,454 Selling, administrative, and other expenses 2,725 1,965 5,568 4,397 Ford Credit interest, operating, and other expenses 2,381 2,233 4,736 5,157 Total costs and expenses 38,763 22,130 77,903 58,008 Operating income/(loss) 90 (2,759) 1,292 (4,317) Interest expense on Automotive debt 230 439 461 653 Interest expense on Other debt 14 11 28 24 Other income/(loss), net (Note 4) 272 4,318 900 4,998 Equity in net income/(loss) of affiliated companies 87 (25) 112 (66) Income/(Loss) before income taxes 205 1,084 1,815 (62) Provision for/(Benefit from) income taxes 55 (34) 482 813 Net income/(loss) 150 1,118 1,333 (875) Less: Income/(Loss) attributable to noncontrolling interests 2 1 39 1 Net income/(loss) attributable to Ford Motor Company $ 148 $ 1,117 $ 1,294 $ (876) EARNINGS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK (Note 6) Basic income/(loss) $ 0.04 $ 0.28 $ 0.33 $ (0.22) Diluted income/(loss) 0.04 0.28 0.32 (0.22) Weighted-average shares used in computation of earnings per share Basic shares 3,984 3,975 3,979 3,969 Diluted shares 4,013 3,992 4,005 3,969 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) For the periods ended June 30, 2019 2020 2019 2020 Second Quarter First Half (unaudited) Net income/(loss) $ 150 $ 1,118 $ 1,333 $ (875) Other comprehensive income/(loss), net of tax (Note 18) Foreign currency translation (127) (102) 116 (1,555) Marketable securities 59 99 122 113 Derivative instruments 117 (24) (329) 668 Pension and other postretirement benefits 16 17 21 31 Total other comprehensive income/(loss), net of tax 65 (10) (70) (743) Comprehensive income/(loss) 215 1,108 1,263 (1,618) Less: Comprehensive income/(loss) attributable to noncontrolling interests 2 1 39 1 Comprehensive income/(loss) attributable to Ford Motor Company $ 213 $ 1,107 $ 1,224 $ (1,619) The accompanying notes are part of the consolidated financial statements. 2 Item 1. Financial Statements (continued) FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in millions) December 31, June 30, 2019 2020 (unaudited) ASSETS Cash and cash equivalents (Note 7) $ 17,504 $ 30,989 Marketable securities (Note 7) 17,147 26,141 Ford Credit finance receivables, net of allowance for credit losses of $162 and $396 (Note 8) 53,651 42,720 Trade and other receivables, less allowances of $63 and $75 9,237 9,107 Inventories (Note 9) 10,786 10,220 Assets held for sale (Note 17) 2,383 720 Other assets 3,339 4,214 Total current assets 114,047 124,111 Ford Credit finance receivables, net of allowance for credit losses of $351 and $889 (Note 8) 53,703 53,987 Net investment in operating leases 29,230 27,716 Net property 36,469 35,276 Equity in
Load more

Recommended publications
  • Ford Restructures Russian Joint Venture to Grow Commercial Vehicle Business; Exiting Passenger Vehicle Market in Russia
    NEWS www.youtube.com/fordofeurope www.twitter.com/FordEu Ford Restructures Russian Joint Venture to Grow Commercial Vehicle Business; Exiting Passenger Vehicle Market in Russia • Supporting Ford’s global redesign strategy to strengthen its leadership in commercial vehicles and growth in Europe, Ford and its partner, Sollers PJSC, confirm the restructuring of their Russian joint venture • A restructured Ford Sollers will build on Ford Transit strength as Russia’s top-selling, non- domestic commercial vehicle nameplate and maintains a strong brand presence in the country • The joint venture will discontinue its passenger vehicle portfolio in Russia to help deliver a more competitive and sustainably profitable business going forward and support the company’s commitment to exit less profitable segments • Passenger vehicle production to cease by end June 2019, with closure of two vehicle assembly plants – Naberezhnye Chelny and St. Petersburg – and an engine plant in Elabuga COLOGNE, Germany, Mar. 27, 2019 – Ford Motor Company has signed a memorandum of understanding (MOU) on a significant restructuring of its Ford Sollers joint venture in Russia, focusing exclusively on growing its commercial vehicle business moving forward. The MOU follows a strategic review of Ford Sollers by Ford and its partner, Sollers PJSC, to improve the joint venture’s near-term profitability and investment efficiency in a challenging business environment. The MOU is expected to be finalized in the following months. “This represents an important step towards Ford’s
    [Show full text]
  • 20 (254) 16 – 30 Ноября 2013 Г
    2 «Машиностроениe Украины, СНГ, мира» – http://ukrmach.dp.ua/ №20 (254) 16 – 30 ноября 2013 г. 3 КАК ОПУБЛИКОВАТЬ РЕКЛАМУ В ЖУРНАЛЕ «МАШИНОСТРОЕНИЕ УКРАИНЫ» ПОЛНОЦВЕТНУЮ НА ОБЛОЖКЕ Стоимость ОДНОГО объявления, грн. НДС не облагается высота/ширина (мм), I страница II страница III страница IV страница ▼ЖУРНАЛ ИЗДАЕТСЯ С 2003 г. часть страницы А-4 обложки обложки обложки обложки ▼ЭЛЕКТРОННАЯ И ПЕЧАТНАЯ ВЕРСИИ 20 грн./ 297x210 – 1 стр. 4500 4200 4800 ▼http://www.business.dp.ua/index.html кв. см ▼ВЫХОДИТ 22 РАЗА В ГОДУ 145x210 – 1/2 стр. 4000 3500 3200 3800 ▼16 – 30 НОЯБРЯ 2013 г. ЧЕРНО-БЕЛУЮ НА ВНУТРЕННИХ СТРАНИЦАХ Стоимость ОДНОГО объявления в ОДНОМ номере (НДС не облагается) высота/ширина (мм), в 1 номере в 6 номерах часть страницы А-4 260x180 – 1 стр. 2000 1500 130x180 – 1/2 стр. 1000 750 №20 (254) 130x90 – 1/4 стр. 500 370 в 12 номерах в 22 номерах 260x180 – 1 стр. 1000 800 ОГЛАВЛЕНИЕ НОМЕРА 130x180 – 1/2 стр. 500 400 Стр. 130x90 – 1/4 стр. 250 200 Машиностроительный комплекс 5 Стоимость изготовления оригинал­макета рекламы – 10% 5 стоимости рекламной площади. Авиакосмическая промышленность Стоимость PR рекламы – ½ стоимости рекламной пло­ Автомобильная промышленность 14 Горно­шахтное, горнорудное и металлур­ щади. (PR реклама может быть только черно­белой). 35 СКИДКИ РЕКЛАМНЫМ АГЕНТСТВАМ гическое машиностроение И ВЫСТАВКОМАМ – ОТ 20% Железнодорожное машиностроение 36 Предоплата производится в долларах США или евро, Машиностроение для легкой, пищевой 40 российских рублях по официальному курсу ЦБР или в укра­ промышленности, бытовых приборов инских гривнях по официальному курсу Нацбанка Украины. 41 Возможна оплата с расчетного счета на расчетный Оборонная промышленность счет, с расчетного счета на кредитную карточку, с кре- Подшипниковая промышленность 46 дитной карточки на кредитную карточку, с помощью Приборостроение 48 WebMoney и т.д.
    [Show full text]
  • Ford Otomotiv Sanayi A.Ş. Report on Associated Party
    FORD OTOMOTİV SANAYİ A.Ş. ATTACHMENT OF BOARD OF DIRECTORS’ RESOLUTION 2020 / 08 FORD OTOMOTİV SANAYİ A.Ş. REPORT ON ASSOCIATED PARTY TRANSACTIONS WHICH WERE PERFORMED IN 2019 AND PROJECTED TO BE PERFORMED IN 2020 General Information This report is created as per Article 10 of Communiqué Vol: II. 17.1 (Communiqué). Article 10 of Communiqué Vol: II. 17.1 requires that, the Board of Directors of the Company should create a report which includes the total amount of continuous transactions between the company quoted on Borsa Istanbul and the affiliated parties, in which a) the rate of purchases to cost of sales based on the final annual financial statements in purchasing transactions, b) the rate of sales to revenues based on the final annual financial statements in sales transactions exceeds 10% and this report including the market comparisons for such transactions should be announced via KAP. The purpose of this report is to disclose the terms of projected transactions in 2020 between Ford Otomotiv Sanayi A.Ş. (Company) and the associated parties as defined by Turkish Accounting Standards Article 24 (TAS 24) within the scope of CMB regulations to the extent that they are not commercial secrets and show that any such transaction does not have a negative effect on the Company as compared to the market conditions. Detailed information is provided on transactions between Ford Otomotiv Sanayi A.Ş. (Company) and the associated parties in 2019 in footnote 26 of publicly‐disclosed financial tables for 2019 activities and this report only evaluates vehicle, production part, spare part, licence and service purchases from and sales to Ford Motor Company and vehicle and spare part sales to Otokoç Otomotiv Ticaret ve Sanayi A.Ş.
    [Show full text]
  • Konya Bölgesi Otomotiv Sektörü
    KONYA BÖLGESİ OTOMOTİV YAN SANAYİ SEKTÖRÜ İÇİN İHRACAT PAZAR ARAŞTIRMASI 1. GİRİŞ Dünyada gelişmiş ve gelişmekte olan hemen hemen her ülkenin lokomotif sektörlerinden biri de otomotiv ve otomotiv yan sanayi sektörüdür. Türkiye’de otomotiv ve otomotiv yan sanayi sektörü başta Marmara Bölgesi olmak üzere, çeşitli illerimizde ciddi gelişimler göstermiştir. Özellikle Bursa, İstanbul, İzmir, Kocaeli, Konya, Ankara, Adana ve Manisa Türkiye’de otomotiv ve yan sanayisinin geliştiği iller içerisinde en önemli yeri tutarlar. Türkiye’de otomotiv ve bu sektöre bağlı yan sanayi 1950’li yıllarda cılız hareketlerle başlamasına rağmen, ilk ciddi gelişim Devrim adı verilen Türk imalatı otomobillerin üretimi ile başlamıştır. Ancak Türkiye’de seri halde otomobil üretiminin Anadol markası ile 1966 yılında başladığı bilinmektedir. 1970’lerde yeni montaj hatlarının kurulmasıyla birlikte başka marka araçların da ülkemizde seri üretiminin yapıldığı görülmektedir. Otomotiv ve otomotiv yan sanayisiyle ilgili altyapı ve üst yapı yatırımları, Türkiye’nin 1980’ler ile 1990’lı yıllarında bu sektörü hızla ülke ekonomisi içerisinde üst sıralara taşımıştır. Özellikle 1996 yılında Gümrük Birliği Anlaşmasının yürürlüğe girmesi, sektörü büyük oranda dış rekabete açmış ve hızla değişen küresel koşullara uyumunu sağlamıştır. Bugün otomotiv yan sanayi sektörü Türkiye’nin en önemli imalat ve ihracatçı sektörlerinden biridir. Aşağıdaki tabloda otomotiv yan sanayi sektörünün son on yıllık ihracat ve ithalat rakamları gösterilmektedir. YILLAR OTOMOTİV AKSAM VE OTOMOTİV AKSAM VE
    [Show full text]
  • Sollers Financial Results 2019
    SOLLERS FINANCIAL RESULTS 2019 July 3, 2020 CONTENT Sollers strategic Operating and financial 01 developments 03 performance 2019 Russian automotive Joint venture’s results 02 market overview 04 2 SOLLERS STRATEGIC DEVELOPMENTS (1/3) MARCH 2019 MAY 2019 JUNE 2019 Ford Sollers JV announced Adil Shirinov was appointed Nikolay Sobolev was restructuring. the CEO of Uliyanovsk appointed On Jul 1, 2019 Automotive Plant the CEO of Sollers Sollers acquired the controlling stake in the JV 3 SOLLERS STRATEGIC DEVELOPMENTS (2/3) JULY 2019 OCTOBER 2019 DECEMBER 2019 New Ford Sollers JV started UAZ starts sales of UAZ Sollers establishes operations Patriot ATM Engineering Centre 4 SOLLERS STRATEGIC DEVELOPMENTS (3/3) FEBRUARY 2020 APRIL 2020 APRIL 2020 Elena Frolova appointed Ford Sollers JV supplies UAZ launches the first series CEO of Mazda Sollers JV Ambulances to the Ministry of ambulances based on of Health fighting COVID-19 UAZ Profi platform 5 CONTENT Sollers strategic Operating and financial 01 developments 03 performance 2019 Russian automotive Joint venture’s results 02 market overview 04 6 RUSSIAN AUTOMOTIVE MARKET: LCV Total decline of CV sales – 3% 121 118 The slight decrease of 1,3% in LCV+MPV segment is mostly due to stop of Mercedes Sprinter Classic local assembly The share of Russian branded LCV+MPV went up from 69% to 71% while imported vehicles 104 and foreign assembly amount to 12% and 17% LCV+MPV 103 respectively CDV UAZ sales of commercial vehicles went down by 7%, the brand is #2 player with 19% market share 17 15 The sales
    [Show full text]
  • Ford Motor Company (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2011 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation) (I.R.S. Employer Identification No.) One American Road, Dearborn, Michigan 48126 (Address of principal executive offices) (Zip Code) 313-322-3000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered* Common Stock, par value $.01 per share New York Stock Exchange 7.50% Notes Due June 10, 2043 New York Stock Exchange __________ * In addition, shares of Common Stock of Ford are listed on certain stock exchanges in Europe. Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Ford's 2019 Annual Report
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation) (I.R.S. Employer Identification No.) One American Road Dearborn, Michigan 48126 (Address of principal executive offices) (Zip Code) 313-322-3000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbols Name of each exchange on which registered Common Stock, par value $.01 per share F New York Stock Exchange 6.200% Notes due June 1, 2059 FPRB New York Stock Exchange 6.000% Notes due December 1, 2059 FPRC New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Ford Motor Company (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2016 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation) (I.R.S. Employer Identification No.) One American Road, Dearborn, Michigan 48126 (Address of principal executive offices) (Zip Code) 313-322-3000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered* Common Stock, par value $.01 per share New York Stock Exchange __________ * In addition, shares of Common Stock of Ford are listed on certain stock exchanges in Europe. Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Y Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Y Indicate by check mark if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Ford to Strengthen European Competitive Position and Profitability; Sets Vision for the Future
    NEWS www.youtube.com/fordofeurope www.twitter.com/FordEu www.youtube.com/fordo feurope Ford to Strengthen European Competitive Position and Profitability; Sets Vision for the Future New strategy targets near-term profitability and a more competitive business for the future Near-term actions underway to improve profitability and reduce structural costs, with parallel redesign to include a more targeted vehicle line up within three customer-focused business groups – Commercial Vehicles, Passenger Vehicles and Imports New all-electric vehicles and electrified options to be offered for all models Leveraging relationships, including a potential alliance with Volkswagen AG, to support commercial vehicle growth Ford to improve or exit less profitable vehicle lines and address underperforming markets; also undertaking a strategic review of Ford Sollers, the company’s joint venture in Russia COLOGNE, Germany, Jan. 10, 2019 – Ford is starting consultations with its union partners and other key stakeholders to implement a comprehensive transformation strategy aimed at strengthening the Ford brand and creating a sustainably profitable business in Europe. The strategy – which is part of the company’s broader global vision of providing smart vehicles for a smart world – will offer differentiated vehicles designed to create a deeper connection with Ford customers. Near term, Ford is accelerating key fitness actions and reducing structural costs. In parallel, the fundamental redesign will include changes to Ford’s vehicle portfolio, expanding offerings and volumes in its most profitable growth vehicle segments, while improving or exiting less profitable vehicle lines and addressing underperforming markets. “We are taking decisive action to transform the Ford business in Europe,” said Steven Armstrong, group vice president and president, Europe, Middle East and Africa.
    [Show full text]
  • Global Overview – Light Vehicle Outlook by the Numbers
    MOSCOW CITY INVESTMENT AGENCY Automotive market in Russia and Moscow July 2013 Car sales have grown strongly during past decade • Over the last three years, the automotive market has been recovering post crisis thanks to government support and strong unfulfilled demand. • Approx. a third of all foreign cars are sold in the Moscow Region +10% Market volume, thousands of units* 3 000 2 780 2 760 2 410 2 500 2 500 2 000 1 800 1 780 1 290 1 400 1 355 1 500 1 088 1 000 500 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Market volume, bn USD 80 +20% 71 62 59 60 47 40 35 28 26 15 18 20 9 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 *only new car sales Source: AEB, PwC data 2 MOSCOW CITY INVESTMENT AGENCY / 2013 Light vehicle density Number of cars per 1000 inhabitants, units USA 762 Germany 561 Poland 557 Russia 282 Moscow City 380 Brazil 178 China 83 India 22 0 100 200 300 400 500 600 700 800 900 3 MOSCOW CITY INVESTMENT AGENCY / 2013 Sales of new cars in Russia in 2012 • After several years of intense sales volatility at car market the signs of stabilization emerged • At 2012 sales of new cars increase by 10% in unit form and by 21% in USD form compared to previous year. • Russian-made foreign brands were leaders among other types of cars and raise its market share up to 44%. Sales of new car in 2012, bUSD Sales of new car in 2012, ‘000 units 40 1 600 33,1 31,2 1 215 30 1 200 965 20 800 580 10 6,7 400 0 0 Russian Brands Russian-made Imported Foreign Russian Brands Russian-made Imported Foreign Foreign Brands Brands Foreign Brands Brands Source: АЕБ, Автостат, АСМ-Холдинг, PwC 4 MOSCOW CITY INVESTMENT AGENCY / 2013 Share of cars sales by price segment • During 2010-2012 the share of more expensive cars (>$20k) exceeded 50% of the market (increase from 40% to 52% over the period).
    [Show full text]
  • P&A Plants A4 2013 by MANUFACTURER Web
    AUTOMOBILE ASSEMBLY & ENGINE PRODUCTION PLANTS IN EUROPE BY MANUFACTURER Type produced Plant location Manufacturer Brand Engine PC LCV CV Bus ACEA MEMBERS BMW GROUP AT-Austria Steyr BMW GROUP BMW DE-Germany Dingolfing BMW GROUP BMW DE-Germany Leipzig BMW GROUP BMW DE-Germany Munich BMW GROUP BMW DE-Germany Regensburg BMW GROUP BMW UK-United Kingdom Cowley (Oxford) BMW GROUP Mini UK-United Kingdom Goodwood BMW GROUP Rolls Royce UK-United Kingdom Hams Hall BMW GROUP Facilities not owned / operated by BMW AT-Austria Graz BMW GROUP Mini at MAGNA STEYR plant NL-Netherlands Born BMW GROUP Mini at VDL plant (from 2014) RU-Russia Kaliningrad BMW GROUP BMW at AVTOTOR plant DAF TRUCKS NV BE-Belgium Westerlo DAF TRUCKS NV DAF NL-Netherlands Eindhoven DAF TRUCKS NV DAF UK-United Kingdom Leyland DAF TRUCKS NV DAF DAIMLER AG DE-Germany Affalterbach DAIMLER AG AMG DE-Germany Berlin DAIMLER AG Mercedes-Benz DE-Germany Bremen DAIMLER AG Mercedes-Benz DE-Germany Dortmund DAIMLER AG Mercedes-Benz minibuses DE-Germany Düsseldorf DAIMLER AG Mercedes-Benz, for VOLKSWAGEN DE-Germany Kölleda DAIMLER AG Mercedes-Benz DE-Germany Ludwigsfelde DAIMLER AG Mercedes-Benz, for VOLKSWAGEN DE-Germany Mannheim DAIMLER AG Mercedes-Benz (truck engines), Setra (JV KAMAZ) DE-Germany Neu-Ulm DAIMLER AG Mercedes-Benz DE-Germany Rastatt DAIMLER AG Mercedes-Benz DE-Germany Sindelfingen DAIMLER AG Mercedes-Benz DE-Germany Untertürkheim (Stuttgart) DAIMLER AG DE-Germany Wörth DAIMLER AG Mercedes-Benz, Unimog ES-Spain Samano DAIMLER AG Mercedes-Benz ES-Spain Vitoria DAIMLER AG Mercedes-Benz
    [Show full text]
  • Certificat Delivre
    CERTIFICATE SQ/ 2358-C COMPANY : FORD MOTOR COMPANY REGISTRATION LIMITS : FORD OF EUROPE 50735 COLOGNE GERMANY and sites as shown in appendix STANDARD : ISO 9001 (2015 Edition) Exclusions are detailed on our website www.utacceram.com REGISTRATION SCOPE : The design, development, manufacture, sales & services of passenger cars, commercial vehicles, components and supporting processes CERTIFICATION VALIDITY : from December 08, 2017 to December 07, 2020 Gilles FOUGERE Certification, Audits & Inspections Department Manager Certificat délivré par Union Technique de l'Automobile, du Motocycle et du Cycle Siège Social : Autodrome de Linas-Montlhéry - B.P. 20212 - 91311 MONTLHERY CEDEX - France FO_CAI_PC3_033 rev02 CERTIFICATE APPENDIX SQ/ 2358-C SUPPORT FUNCTION : SCOPE : FORD-WERKE GmbH Quality | Product Development | Marketing, Sales & Service HENRY-FORD-STRASSE 1 | IT| Purchasing | Supplier Technical Assistance (STA) | 50735 COLOGNE Material Planning & Logistics | Powertrain Operations (PTO) | Vehicle Operations (VO)|Central Workshop Cologne | Human Resources |Ford Land Europe FORD-WERKE GmbH Quality GEESTEMUENDER STRASSE 48 50735 COLOGNE FORD-WERKE GmbH Quality |Product Development SPESSART STRASSE 50725 COLOGNE FORD-WERKE GmbH Human resources |Vehicle Operations (VO) HENRY-FORD-STRASSE 1 66740 SAARLOUIS FORD-WERKE GmbH Marketing, Sales & Service EDSEL FORD STRASSE 2-14 50769 COLOGNE FORD-WERKE GmbH Product Development OUDE DIESTERSEBAAN 135 3920 LOMMEL FMC AUTOMOBILES SAS- FORD FRANCE Marketing, Sales & Service CENTRE NATIONAL DE LOGISTIQUE DE PIECES DE RECHANGE ROUTE NATIONAL 17 60190 ESTREES-ST DENIS FORD AQUITAINE INDUSTRIES SAS Powertrain Operations (PTO) 10, RUE SAINT EXUPERY -BP32- F-33292 BLANQUEFORT This appendix contains 4 page(s) updated 8 December 2017 Page 1/4 Certificat délivré par Union Technique de l'Automobile, du Motocycle et du Cycle Siège Social : Autodrome de Linas-Montlhéry - B.P.
    [Show full text]