Moody’s Deals a Blow to Ford With Credit Downgrade
The automaker's lackluster performance in profit margin and free cash flow leads the credit rating agency to relegate Ford's debt to junk status.
Ford Names Ex-Amazon Exec Tim Stone as CFO
The appointment of Stone to replace Bob Shanks "demonstrates Ford’s continuing transformation to a new age auto company."
Ford Profit Hit by Losses in Overseas Markets
“It was not a year we were happy with and the fourth quarter continued that theme," CFO Bob Shanks said.
Ford to Cut 1,400 Jobs in Profitability Push
The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.
Ford’s Profit Dips 35% on Increased Costs
"Basically, the cost increase for the full year has happened in the first quarter," CFO Bob Shanks says.
Ford’s Heavy Spending to Cut Into 2017 Profit
Ford is hoping its investments in new technologies will help it "expand beyond its core auto-making business and enter new transportation-related services."
For Ford, Finance Transformation Is a Way of Life
While many companies see finance-transformation efforts as finite projects, to Ford it's just the way to 'do finance.'