This week Ford dropped 10% in market value. Ford is now worth $32 billion. This is about one-fourth of the peak value around 2000.
Ford automotive revenues missed analysts’ estimates and fell 5.2% to $36.7 billion for the fourth quarter of 2019.
In 2020, Ford sees 2020 earnings in the China region of $5.6 billion to $6 billion which is less than the previous consensus of between $7.3 billion and $7.6 billion.
Ford Motor executive Joe Hinrichs will retire and Ford is naming Jim Farley as chief operating officer.
Ford is working through an $11 billion global restructuring plan.
Ford is planning to launch the Mustang-E as a mass market electric SUV in 2021.
Ford’s $100 billion in debt is rated as junk by Moody’s.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.