ford motor co (F) Key Developments
Ford Motor Co. Reports US Sales Results for the Month and Year to Date Ended July 2015
Aug 3 15
Ford Motor Co. reported US sales results for the month and year to date ended July 2015. For the month, the company reported total vehicles sales of 222,731 compared to 212,236 a year ago.
For the year to date ended July 2015, the company reported total vehicles sales of 1,516,352 compared to 1,482,268 a year ago.
Ford Asia-Pacific Announces Earnings Results for the Second Quarter of 2015; Provides Earnings Guidance for 2015
Jul 29 15
Ford Asia-Pacific announced earnings results for the second quarter of 2015. In the second quarter, It saw a year-on-year pre-tax increase, from USD 159 million in 2014 to USD 192 million in second quarter of 2015. Wholesale deliveries decreased, however, by 3.6% and revenue decreased 17.2%. Operating margin for the quarter, however, increased to 7.8%.
Ford projects higher pre-tax profits for the region in 2015 overall.
Ford Middle East and Africa Announces Earnings Results for the Second Quarter of 2015
Jul 29 15
Ford Middle East and Africa announced earnings results for the second quarter of 2015. Pre-tax results declined 300% year-on-year in the second quarter. Wholesale deliveries declined 10.2% and revenues dropped 18.2%. It saw operating margin drop dramatically compared with a year earlier; second-quarter 2015 saw an operating margin loss of 5.1%, compared with margin of 2.0% a year earlier.
Ford Motor Co. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Confirms Earnings Guidance for the Year of 2015
Jul 28 15
Ford Motor Co. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income attributable to the company of $1.885 billion compared to $1.311 billion a year ago. Revenue was $37.3 billion. Diluted EPS was $0.47. Pre-tax profit was $2.868 billion compared to $2.118 billion a year ago.
For the six months, the company reported net income attributable to the company of $2.809 billion compared to $2.300 billion a year ago. Diluted EPS was $0.70. Pre-tax profit was $4.273 billion compared to $3.377 billion a year ago.
The company confirmed 2015 pre-tax profit guidance of $8.5 billion to $9.5 billion, with higher Automotive revenue, operating margin and operating-related cash flow compared with 2014.
Federal Appeals Court Says Victims of Apartheid in South Africa Cannot Sue IBM Corp. and Ford Motor
Jul 28 15
Victims of apartheid in South Africa cannot sue IBM Corp. and Ford Motor Co. in New York because they cannot show that the companies' alleged offending behavior occurred in the United States, a federal appeals court said. The second U.S. Circuit Court of Appeals ruled against lawsuits brought 13 years ago against IBM and Ford. A three-judge panel cited a 2013 Supreme Court ruling severely limiting the legal reach of the 1789 Alien Tort Statute. The law was created in part to deal with piracy claims but in recent decades human rights lawyers have used it to pursue damages from individuals or companies alleged to have supported abuses around the world.