Ford Touts ‘Strategic Progress’ But Stock Falls 9%
Investors eager to see returns from Ford's $11 billion global restructuring plan were disappointed by its Q4 and full-year results.
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, Walmart Unveil AV Grocery Delivery Project
The collaboration could boost Ford's efforts to develop commercial uses for self-driving technology.
Ford Forms New Unit to Lead Drive Into AVs
“Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead."
Using cost discipline, astute capital investments, and operational know-how, these 20 CFOs aim to guide their companies to a growth-filled future.
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.
GM’s Q1 Profit Hits Post-Bankruptcy Record
The results "demonstrate the strong earnings power of this company,” CEO Mary Barra says as profits soar 33% to $2.6 billion.
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."
Ford to Take $3 Billion Pretax Charge in 2016
The loss reflects an accounting change intended to give investors a clearer view of the operating performance of Ford's business units.