FORD MOTOR (F) Company Report

Ford will absorb $19.5 billion in charges tied to its EV unit as it shifts focus back to gas-powered models.
January U.S. sales fell 5.3% YoY to 135,362 vehicles, with pure EV volumes plunging 69% to 1,743 units and hybrid sales down 6.1% to 12,485 units.
Gas-powered car sales surged 50.4%, offset by declines in SUV and truck volumes, though smaller pickups showed strength.
Analysts highlight financial stress: Ford’s Altman Z-Score at distress levels, ongoing debt issuance, and valuation metrics near one-year highs amid slim margins.

2 days ago

WSJ

Ford faces upgraded NHTSA probe into 1.27M F-150s

Legal Proceedings

NHTSA’s Office of Defects Investigation upgraded its preliminary probe of 2015–2017 Ford F-150 pickups to an engineering analysis, expanding the review to 1,270,970 vehicles after owner complaints about unexpected transmission downshifts.
The investigation covers trucks with Ford’s 6R80 and 10R80 automatic transmissions paired with the 3.5 L Cyclone V6, 2.7 L EcoBoost V6 and 5.0 L Coyote V8 engines.
Preliminary findings point to intermittent loss of the transmission range sensor (TRS) signal—likely from degraded electrical connections—causing sudden downshifts and potential rear-wheel lockup.
The agency has received 329 owner questionnaires and is aware of 999 total incidents (including one crash); 114 owners reported replacing the molded lead frame or valve body assembly.
This probe could lead to recalls or other remedies as Ford’s quality costs rise amid $4.8 billion in 2023 repair spending, ~140 recalls in 2025 and ~35% share of U.S. auto recalls that year.

5 days ago

Morningstar

Ford Motor: Supplier First Brands Founder Indicted in $9B Fraud

Legal Proceedings

Federal prosecutors unsealed a nine-count indictment charging First Brands founder Patrick James and his brother Edward with running a years-long fraud that bilked lenders out of billions before the auto-parts supplier’s Chapter 11 collapse.
First Brands entered bankruptcy with more than $9 billion in liabilities and only $12 million in cash.
Prosecutors allege the brothers used fake and inflated invoices, double- and triple-pledged collateral, falsified financial statements and “round-trip” payments; a former executive has pleaded guilty and is cooperating.
The collapse disrupted supply chains for automakers including Ford and GM and exposed major lenders such as Jefferies and UBS.
A court order allowed First Brands to secure $48 million in prepayments to sustain operations; the company employs about 17,000 workers in North America while some units are winding down.

Jan 29, 2026, 6:39 PM

Bloomberg

Ford appoints Lisa Drake president of Ford Energy

Management Change

New Projects/Investments

Hiring

Lisa Drake named president of Ford Energy, effective immediately; will report to John Lawler, vice chair
Tasked with launching Ford’s new battery energy storage systems (BESS) business, formation announced in December 2025
Oversees end-to-end operations: battery cell manufacturing, system assembly, and sales for utility-scale and residential solutions
Previously served as VP, Technology Platform Programs and EV Systems, leading the industrial plan for batteries and electric propulsion engineering

Jan 27, 2026, 3:00 PM

Press Release

Ford Motor gains FDIC approval for industrial bank charter

New Projects/Investments

FDIC approved deposit insurance for Ford Credit Bank, enabling Ford to charter a Utah-based industrial bank that can accept FDIC-insured deposits to fund auto loans.
Approval is conditional on establishing and capitalizing the bank within 12 months, maintaining strong capital and liquidity with explicit parental support, and meeting a 15% Tier 1 leverage threshold.
Ford Credit Bank will primarily acquire retail installment contracts from independent Ford dealers and fund lending largely through consumer savings accounts and time deposits gathered via digital channels.
Access to lower-cost retail deposits is expected to enhance funding flexibility and reduce Ford’s cost of capital as auto demand cools and the industry shifts toward EVs.

Jan 23, 2026, 4:43 AM

Morningstar

Ford in talks with BYD for hybrid battery packs

New Projects/Investments

Ford is in preliminary talks with China’s BYD to import lithium-iron-phosphate battery packs for some hybrid models, with no agreement finalized.
Proposed plan would ship BYD batteries to Ford plants outside the U.S.—in Germany, Spain, Thailand or Turkey—for use in globally sold hybrids.
These discussions align with Ford’s shift under its Ford+ reset from large all-electric vehicles to hybrids, plug-in hybrids and smaller EVs, including canceling the F-150 Lightning.
Ford’s EV restructuring is expected to cost $19.5 billion, about half attributed to the canceled F-150 Lightning, as it nears completion of its Michigan BlueOval Battery Park and plans to license CATL technology for a $30,000 UEV-based pickup.

Jan 15, 2026, 4:36 PM

Bloomberg

Ford plans eyes-off EV, sports-car debut

Product Launch

New Projects/Investments

Eyes-off driving system planned for a mainstream all-electric vehicle in 2028, featuring a $30,000 model on the UEV platform with new software architecture and AI assistant.
UEV program’s first vehicle is a $30,000 midsize pickup expected to reach market in 2027.
Rival GM will launch a similar eyes-off system with an AI assistant in 2028 on the Cadillac Escalade IQ, starting above $127,000.
Ford will unveil a new high-performance sports car at the Detroit Auto Show and a January 15 racing event, amid speculation of a gravel-focused supercar, Mustang variants, or a Ford GT revival.

Jan 6, 2026, 9:39 PM

CNBC

Ford announces record U.S. sales in 2025

Revenue Acceleration/Inflection

Ford’s total U.S. sales rose 6.0% to 2,204,124 vehicles in 2025—the highest annual volume and market share (13.2%) since 2019, up 0.6 pp year-over-year.
F-Series remained America’s best-selling truck with 828,832 units sold (+8.3%), while the F-150 Hybrid achieved a record 84,934 sales (+15.0%) in 2025.
Electrified vehicles drove growth: hybrid sales set a new annual record at 228,072 units (+21.7%) and EV sales reached 84,113 across three nameplates.

Jan 6, 2026, 2:16 PM

8-K

Ford Motor selects PVS for logistics at Kentucky Truck Plant

New Projects/Investments

Precision Vehicle Solutions has been chosen to manage finished-vehicle logistics at Ford’s Kentucky Truck Plant (KTP) and Louisville Assembly Plant (LAP).
The Kentucky Truck Plant, Ford’s largest and most complex U.S. facility, produces over 460,000 trucks and SUVs annually and ships to approximately 65 destinations by rail and shuttle.
With KTP and LAP added, PVS now supports around 15% of North American finished-vehicle production sites and nearly 50% of Ford and GM’s U.S. footprint.
Operations begin immediately, with PVS overseeing the full rail-and-shuttle flow—including direct rail loading, shuttle transfers, yard operations—and implementing its ERM safety and standardized procedures.

Jan 5, 2026, 11:37 PM

Press Release

Evolution Metals & Technologies completes merger ahead of NASDAQ debut

M&A

Delisting/Listing Issues

Business combination between Welsbach Technology Metals Acquisition Corp. and Evolution Metals LLC has closed, forming Evolution Metals & Technologies Corp.
EM&T will begin trading on the NASDAQ Global Markets under the ticker EMAT on January 6, 2026.
Mission to build a U.S.-based, vertically integrated supply chain for rare earth magnets and battery materials, leveraging over 18 years of commercial-scale operations to reduce reliance on China.

Jan 5, 2026, 9:01 PM

Press Release