The value of Ford stock increased during the January 20th, 2023 – January 27th, 2023 timeframe. Shares closed the week at $13.27, which represented a seven percent bump, or $0.87 per share increase in value, compared to the prior week’s closing value of $12.40.
Movement & Ranges
By comparison, shares of Ford’s cross-town rival – General Motors Company – increased by $2.60 per share, or just over seven percent during the same timeframe.
The slight dip in Ford share value follows a three percent dip from last week, which in turn followed an one percent increase during the preceding five day trading period.
Ford announced that its complimentary pickup and delivery service and mobile service went nationwide during the week.
Ford CEO Jim Farley has been steadfastly outlining The Blue Oval’s future since assuming the role in October 2020. The company’s key goals and organizational changes include:
- An expansion and spinoff for Ford’s leading commercial vehicle business with a suite of software services that drive loyalty and recurring revenue streams.
- Offering compelling, uniquely Ford, fully electric vehicles at scale around the world, including the Ford Transit, Ford F-Series, Ford Mustang, SUVs, and Lincoln models.
- An alliance with German automaker Volkswagen.
- Adding more affordable vehicles to Ford’s global lineup, including in North America.
- Increasing the amount of money spent on EV development, to $30 billion through 2025, a metric that changed to $50 billion by 2026 in early March 2022.
- Having Ford Europe transition to zero-emissions vehicles by 2027 and switch completely over to full EVs by 2030. Furthermore, introducing nine all-electric vehicles into the region by 2024, a plan announced in March 2022.
- The launch of Ford Ion Park, a facility designed to facilitate R&D initiatives on battery production.
- An investment in Solid Power, a producer of solid-state batteries.
- BlueOvalSK, a joint venture between Ford and SK Innovation, Ford’s preferred supplier of EV batteries, which will bolster Ford’s EV manufacturing ambitions, specifically at two upcoming facilities expected to come online in 2025.
- Transforming Lincoln into a fully electrified luxury division by 2030.
- A partnership with Google that will transform the company’s manufacturing operations and see future Ford Motor Company vehicles sport Android-powered infotainment systems.
- A shift to a build to order paradigm for retail customers.
- Buyout programs for employees involved in legacy ICE powertrain and platform development and general workforce reductions to cut costs amid the EV pivot.
- Realigning markets according to what’s outlined in the Ford+ plan, which seeks cost reductions in underperforming regions such as South America and India, in addition to reducing overall headcounts via attrition.
- Supporting green initiatives with a comprehensive sustainable financing framework.
- Producing 600,000 EVs per year by 2024, a projected target that includes doubling Ford F-150 Lightning production to 150K units by mid-2023. In March 2022, the company outlined a new timeframe that targets producing 2 million units of EVs by 2026. This targeted production run rates involve an EV battery master plan that incorporates lithium iron phosphate batteries and new deals with EV battery supplier and mining companies for raw materials.
- Working with semiconductor manufacturer GlobalFoundries to secure additional microchips for its vehicles.
- Securing batteries from multiple companies wherever possible.
- Developing Ford Pro as a one-stop shop for commercial fleet management as it relates to fully electric work vehicles.
- Further strengthening its digital and connected services by entering into collaborations with companies like Stripe and ADT for payment systems and vehicle security, respectively.
- The creation of Ford Blue and Ford Model e, two divisions tasked with gasoline and fully electric vehicle development, respectively.
- Reconfiguring existing plants to prepare for new models and for electrification, with the latest announcement involving the modernization of three American assembly facilities.
The Ford F-150 Lightning officially launched on April 26th, 2022 and is currently at the tail end of its production run. The 2023 Ford F-150 Lightning will arrive in fall 2022 with higher pricing and slightly more range. Additionally, the Maverick is still rolling out and sales have steadily increased each month it has been on the market. The compact pickup was named the 2022 North American Truck of the Year in January. The Blue Oval stopped taking orders for the pickup in January in order to focus on building customer orders. 2023 Ford Maverick order banks opened in September before rapidly closing due to overwhelming demand.
The Bronco family is also steadily rolling out to dealers and both vehicles remain hot ticket items. Ford sold over 100,000 units of the 2021 Ford Bronco Sport last year and just under 40,000 units of the 2021 Ford Bronco during the same timeframe. The Ford Bronco was named the 2022 North American SUV of the Year in January. For 2022, the Bronco range will add the Bronco Raptor and Bronco Everglades variants to its lineup. For 2023, the Bronco family adds the Heritage edition trims to their respective lineups.
Ford is also currently working on ramping up production of the Ford Mustang Mach-E – a four-door, crossover-like hatch inspired by the legendary Mustang pony car. More than anything else, the Mustang Mach-E demonstrates that Ford isn’t afraid to redefine legendary nameplates, and recreate them in new body styles and as new vehicle types.
Production of the Mach-E kicked off in late October 2020, and the model has since found a following within its home market, although sales are held back due to production constraints. Ford delivered its first three examples in December 2020 and 6,614 units in Q1 2021. Since then, the electric crossover has made steady inroads into the Scandinavian EV market, and recently became Norway’s best-selling vehicle in May and July . Automotive outlets and industry experts praised the EV for its good looks, engaging driving dynamics, upscale interior, and clever engineering. Additionally, preliminary reports suggest that the vehicle is already eating into Tesla’s market share, which would be a significant achievement, especially when considering the relatively short amount of time the Mach-E has been on the market. In June, the Mustang Mach-E outsold its gasoline-powered counterpart for the first time. The Mustang Mach-E notched another victory for itself in early July, when Car And Driver named the crossover its 2021 EV of the Year. It also is the most considered compact SUV in the 2021 J.D. Power APEAL study and is currently being considered for police duty in the U.S. and the U.K. The Chinese rollout officially began in late October 2021, when the first domestically produced Mach-E rolled off the assembly line. Ford stopped taking orders for all Mach-E variants in spring 2022 due to high demand, although the company is currently working to boost output to 200,000 units annually by 2024. For 2023, the Mach-E gets higher prices as a result of raw materials becoming more expensive. The company celebrated the 150,000 production milestone for the electric crossover in November 2022.
The Ford Mustang Mach-E represents one part of a multi-faceted blade Ford hopes will increase its North American market share this year and beyond, as the company has essentially fully transitioned away from sedans and passenger vehicles towards utility vehicles, trucks, and electrified models. That said, all of the aforementioned models have a significant amount of potential to resonate with car shoppers, and their reception will almost certainly continue impact the value of Ford stock, although supply chain issues and factors outside of The Blue Oval’s control appear to be guiding its valuation at the moment.
The Blue Oval has been disproportionately impacted by the ongoing chip shortage, which is expected to continue through 2023, if not longer. Pandemic related supply chains woes and ongoing macroeconomic concerns across the globe have undoubtedly contributed to the value of Ford stock dropping as well.
Ford Stock Value Micro Factors
There have been several high-profile personnel changes at Ford recently. The company has added Steven Crowley and Jon Huntsman, two former political operatives, to its executive roster, and both individuals will be instrumental in tweaking the company’s relationship with the federal government going forward. There has been one major departure from the automaker as well, with Ken Washington recently announcing his intention to work for online retailer Amazon. However, Ford recently poached an Amazon executive away from the company, in an interesting turn of events. Another recent personnel involved the hiring of Doug Power, who has been named vice president of corporate development, a newly created position. In January 2022, The Blue Oval recruited Martin Sander to join Ford Europe as head of its passenger vehicle division, which represented another minor coup of sorts, as he came from Audi. Alan Clarke, a prominent Tesla engineer, joined Ford in January 2021.
Stock Performance Year-To-Date
Ford share values have increased 12 percent since the stock market’s first day of trading in 2023. However, the supply chain crisis, microchip shortage, and macroeconomic concerns about the state of the U.S. economy has clearly rattled investors, which in turn has impacted the value of Ford stock, despite the company’s best efforts to be transparent about its future plans.
We’ll be here to report the latest developments about Ford stock, so be sure to subscribe to Ford Authority for ongoing Ford stock news and around-the-clock Ford news coverage.
Gosh, Toyota was only up 1.32% this week.
Mr Toyota was booted upstairs and out of the CEO job to Chairman.
The technical staff is scrambling to put together a corporate BEV solution.
Even Ram has revealed a mainstream BEV platform before Toyota.
What is even happening?! 😱
Toyota at almost $150. Ford at a whopping 13$ LOL
LoL I was mocking the dolts who focus on share price like a bull focuses on a red cape.
That’s the logic old ladies use; they just look at share price in a vacuum.
Try stepping up your analysis to something like market cap, or P/E ratio or anything but simpleton price.
Except that Ford lost 50% stock value over the past year, gotta look at it as a whole. Toyota is at a stellar $147 per share, Ford is in the toilet in comparison. EVs doing what they do best…killing companies.
LoL more cross eyed share price myopia. Did you think Apple had suffered a 75% share price drop after it had its 4 for 1 stock split?
Oh Danny Boy you are ascribing to EV’s what is better ascribable to Ford’s supply chain issues for current ice portfolio and the fact that Toyota had different supply chain issues that didn’t hurt it as badly and more leverage over its supply base.
Oh and because you are pushing disinfo you stay with the old scripted 50%, when the YOY reality is TMC suffered a stock slide of 24%, vs Ford’s slide of 32% and GM’s 24%.
There’s more complex factors that have determined share price evolution but I’m afraid it’s far above “Hurr Durr Boss! The share price, the share price”!
Yup. EV are destroying Ford. Lost almost $900 Million the past year and their stock value was cut in half. Toyota is a financial rock star ever since they rejected EVs. The proof is in the financials which is all that matters in business. Ford pushed an ‘idea’ and lost.
Yup, Devon K-street, you’re an official bad faith moron. (And I’ll explain why below.)
But it’s not a question of your believing because you’re selling disinfo, not consuming it, and for that you are deplorable.
I didn’t have time to respond with granularity to the idiotic “Toyota is a rockstar because it rejected BEVs tra la la” and the like before, but it’s just more annoying scripted bad faith noise from our Big Oil serving K-street FUDster tag team.
So since no one else has bothered to address this I will share facts;
– Toyota scrambles to get into EV game and appoints a new CEO;
– in the 6 months ending in Sept 2022, Toyota’s net profit fell -22% YOY to (1.2T¥) 9.2B$, and
– for all 2022, Toyota forecasts, reduced sales of 9.2M units, revenue of (36T¥) 277B$, and profit of (2.36T¥) 18.2B$;
– Toyota’s profits have been buoyed by a weakening ¥ (which lost more than -20% vs the USD;
– Toyota said each drop of one yen per dollar translates into a 357M$ increase in its operating profit;
– Seiji Sugiura, an analyst at Tokai Tokyo Research Center, told AFP “benefits from the yen’s depreciation will remain palpable”;
– Average rate: 2021: 110¥/$ vs 2022: 132 ¥/$, for an average decrease of -22 ¥/$ or 22¥/$;
– so 357M$ operating increase for every 1¥/$ drop translates to a 2022 currency driven operating profit boost of 22 x 357M$ = 7.85B$.
– so given Toyota’s profit forecast of 18.2B$, and a currency driven contribution to that of 7.85B$, it would seem Toyota’s 2022 profit adjusted to remove an exchange-rate driven windfall 9f 7.85B$ will be in the neighborhood of 10.3B$.**
– Ford didn’t lose 900M$ in 2022 (in Q3 Ford lost 800M$ due to a 2.3G$ book value write off of a 2017 investment in robot cars – absent this it would have had an almost 2B$ in 3Q profit);
– Furthermore, Ford’s (lowered) 2022 EBIT forecast is for an 11.7B$.
– very important to note Ford sells tremendously fewer cars globally than does Toyota.
Conclusion: For 2022, much smaller Ford is forecast to see a profit of 11.7G$ vs Toyota expecting (a currency-effect adjusted) profit of 10.3B$.
– it would be easy to cherry pick preferential exchange rates, or converted values. I’ve not done that. I simply took average annual exchange rate for 2021 and 2022 (I realize that due to the big excg rate swings over the year doing this qtr for qtr, month for month, or week for week would yield better results but I’m too lazy to track down such info and I don’t think more granular analysis would materially improve the illustration.
Comment: I was actually shocked by the that Ford might generate more annual profit than Toyota in 2022, and wonder if I’ve made an error in:
– a) source data with errors or skewed by excg rates or different reporting periods (I lightly tried to minimize this effect);
– b) transcribing from source to here, or
– c) arithmetic;
I’ll leave it for someone else to check.
But the conclusion is Devon K-street’s nonsense of Ford lost due “pushing” EV’s seems as stupid as it is wrong.
You guys confuse me with the EV thing destroying Ford? 7.3L Godzilla, 6.8L Mini Godzilla, Powerboost, Powerstroke, numerous Ecoboosts, revised 5.0 in the Mustang, which in some tune will surely hit the F150 in 2024. Plenty ICE’s to pick from.
The F150 alone has 3.3, 2.7, 3.5, 5.0, 5.2, powerboost and full Ev, something for everyone.
Ford wouldn’t be ranked dead last in quality if the current CEO didn’t devote so much resources to EVs. He even diverted chips to EVs. Americans as a majority are not adopting EVs like he hoped and it is costing manufacturers millions. Rivian is on the verge of going under.
As has been discussed many times before Darrell, you and your idiot clown posse of scripted Big Oil K-street FUDsters are distorting facts in bad faith to reach incorrect conclusions.
Your reprehensible disinfo nonsense may work on the morons watching FoxNewsMax but I’m going to keep calling it out here.
Don’t be confused because if you are, the Big Oil K-street tag team trolls win.
There’s a sizable number of bad faith commenters here working in concert to advance counter factual narratives and conclusions.
They work from a script and then amp up each other’s comments to disinformation and confuse.
Ps. ty si slovak?
Nie slovenský, len obyčajný starý Kanaďan:)
Ah, now we have you and Stu (our resident 🇨🇦 Mach-E owner!)
We read all the articles about Rivian recently. They learned the hard way Americans don’t want EVs on any scale. The good news is the financial lesson is swift and hard when a company goes against customer wants. Our financial advisor pulled any investments related to EVs, he said others are doing the same.
True to form, here’s Two N K-street Glenn in with more of the scripted Big Oil FUD narrative.
Please treat it with a grain of salt. (Better yet, don’t waste your salt.)
Here Two N Glenn is trying to flip responsible investing (i.e. getting out of Big Oil) on its head by invoking the advice of his fantasy investment advisor (could that be our own K-street Financial Advisor twat who darkens our doorway with his disinfo from time to time?)
Ps btw, Two N K-street Glenn, isn’t this about the point where your pal I Am K-street Sam I Am or one of the several female names usually shows up to amp up your comments?
What are you smoking? We run three franchises and one of the pulled investment firms was Blackrock.
Smoking? Maybe Mr Rolling Trolling Coal’s soot?
Interesting how you use almost identical language and style to the troll team: “we all read the articles… folks don’t want… learn hard way… tra la la.”
Even more interesting is how you raise Blackrock, the current ESG whipping boy of the dudes eying a 2024 run for the GQP nomination.
I suppose as ”hurr durr woke investing” is a developing theme, amongst the far right crowd, we should expect to see this theme reflected in the comments of the scripted K-street crowd (maybe as a replacement for the recently expired “Ram refused” and terminal declining “Toyota refused” themes?)
As for 3 franchises, in what, Denial, Doubt, and Delay, the 3 pillars of Big Oil’s survival strategy?