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 has a joint venture with Rivian for electric trucks and electric SUVs.
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 prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of
nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.
