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MarketScreener Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

FORD MOTOR COMPANY

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Ford Motor Company : Ford Displays SYNC AppLink and All-New EcoSport SUV at Milan Design Week

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04/09/2013 | 06:08am EDT
  • Ford at Milan Design Week previews SYNC AppLink, which enables drivers to control smartphone apps in the car, and the all-new EcoSport SUV, which will be among the first vehicles in Europe to offer system
  • Ford will collaborate directly with the leading music streaming service Spotify to bring  its music service into the car through SYNC AppLink; also will partner in Europe with smartphone app service providers Kaliki Audio Newsstand, Glympse and Aha
  • Ford is the first auto manufacturer to participate in the renowned furniture fair Salone Internazionale del Mobile in Milan; hosts "Democratisation of Design and Technology" panel discussion and displays unique designs inspired by Ford styling

MILAN, April 9, 2013 - Ford today at Milan Design Week showcased the SYNC AppLink system and the all-new EcoSport compact SUV that will be among the first Ford vehicles in Europe to offer the voice-activated system.

Ford is collaborating directly with the leading music streaming service Spotify to bring its music service into the car through SYNC AppLink, which enables drivers to voice-control apps, and also will partner in Europe with smartphone app service providers Kaliki Audio Newsstand, Glympse and Aha.

"Advances in smartphone connectivity are already shaping Ford's vehicle designs through features such as AppLink," said Ford Global Trend and Futuring Manager Sheryl Connelly. "Keeping one-step ahead of technological and social trends helps us develop cars that integrate with customer lifestyles."

Equipped with SYNC AppLink, the new Ford EcoSport will enable customers to voice-control smartphone apps from the driver's seat as part of the Ford SYNC connectivity system. Spotify provides on-demand access to a catalogue of more than 20 million songs globally. Further Ford partnerships include:

  • Kaliki Audio Newsstand, which provides audible playback of newspaper and magazine articles with radio-talent voices and is expanding to offer European language content from news sources such as Agence France-Presse and entertainment titles such as Public and Première
  • Glympse, which allows Ford drivers to share their location and estimated time of arrival with friends and family, all in real-time on a dynamic map, directly from their vehicle using simple voice commands
  • Aha, which delivers more than 30,000 stations of audio entertainment and information to the car, allowing drivers to safely access web-based music, news, Facebook and Twitter,  personalised restaurant recommendations and hotels, weather reports and more

Ford also is making history as the first auto manufacturer to take part in the internationally renowned furniture design fair, Salone Internazionale del Mobile in Milan. The Ford Design Lounge will host a "Democratisation of Design and Technology" panel debate and display unique designs inspired by Ford styling.

The three unique Ford Design studies on display in Milan - a chair, lamp and watch - are inspired by aspects of Ford's unique design DNA, such as the trapezoid silhouette that shapes the Ford grille, interior surfacing details and LED light technology. Connelly will moderate the panel discussion, which also will include Ford of Europe Design Director Martin Smith, Sony Mobile Senior Designer Thomas Waldner, and Bocconi University Professor of Strategy Carlo Alberto Carnevale Maffè.

"There's always a huge amount of interest in Salone del Mobile within Ford's design department and many of our designers go there each year in search of inspiration," Smith said. "We are turning things on their head by showing how automotive design can influence the way furniture looks and feels."

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About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 171,000 employees and 65 plants worldwide, the company's automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit http://corporate.ford.com

Ford of Europe is responsible for producing, selling and servicing Ford brand vehicles in 50 individual markets and employs approximately 47,000 employees at its wholly owned facilities and approximately 69,000 people when joint ventures and unconsolidated businesses are included. In addition to Ford Motor Credit Company, Ford Europe operations include Ford Customer Service Division and 24 manufacturing facilities (15 wholly owned or consolidated joint venture facilities and nine unconsolidated joint venture facilities). The first Ford cars were shipped to Europe in 1903 - the same year Ford Motor Company was founded. European production started in 1911.

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Financials (USD)
Sales 2020 135 B
EBIT 2020 2 669 M
Net income 2020 907 M
Finance 2020 7 255 M
Yield 2020 7,38%
P/E ratio 2020 22,5x
P/E ratio 2021 7,42x
EV / Sales2020 0,09x
EV / Sales2021 0,08x
Capitalization 19 944 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 6,95  $
Last Close Price 5,03  $
Spread / Highest target 139%
Spread / Average Target 38,2%
Spread / Lowest Target -30,4%
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Managers
NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
James D. Farley Chief Operating Officer
Timothy Stone Chief Financial Officer
Jeff Lemmer Chief Information Officer & Vice President
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