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Ford Motor Co F

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Morningstar’s Analysis

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1-Star Price

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5-Star Price

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Economic Moat

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Stewardship

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Jim Farley Becoming Ford CEO Is Not a Surprise

Analyst Note

| David Whiston, CFA, CPA, CFE |

Ford announced on Aug. 4 that CEO and President Jim Hackett, 65, will retire on Oct. 1 and be succeeded by Jim Farley, 58. Farley is currently COO, and it is not a surprise that he is succeeding Hackett, as that seemed obvious once he became COO in February. We have said in our report that we expected Hackett to retire by the end of 2021, and we’ve heard frustration on earnings calls with Hackett’s vision and communication.

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Company Profile

Business Description

Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. The company has about 14.1% market share in the United States and about 7% share in Europe. Sales in North America and Europe made up 68% and 20% of 2019 auto revenue, respectively. Ford has about 190,000 employees, including about 56,000 UAW employees, and is based in Dearborn, Michigan.

Contact
One American Road
Dearborn, MI, 48126
T +1 313 322-3000
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 190,000

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