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MarketScreener Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

FORD MOTOR COMPANY

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Ford Motor Company : Ford’s Small but Mighty 1.0-litre EcoBoost Engine Wins Top German Award for Technical Innovation

01/25/2013 | 06:32am EST
  • Ford 1.0-litre EcoBoost engine has won the International Paul Pietsch Award 2013 for technological innovation at German magazine Auto Motor und Sport Best Cars Awards
  • The 1.0-litre EcoBoost engine - small enough to fit in an airplane overhead luggage compartment - was chosen by an international jury of 30 Motorpresse Stuttgart Group editors-in-chief from 22 countries
  • Judges praised the turbocharged, three-cylinder engine's innovative engineering offering class-leading fuel economy and emissions without compromising driving comfort and fun
  • Paul Pietsch Award adds to list of recognitions including 2012 International Engine of the Year, the Dewar Trophy and a Breakthrough Award from Popular Mechanics magazine

STUTTGART, Germany, Jan. 25, 2013 - Ford's 1.0-litre EcoBoost engine has won the prestigious International Paul Pietsch Award 2013 for technological innovation at the Auto Motor und Sport Best Cars Awards.

This newest award is the fifth that Ford's 1.0-litre EcoBoost engine has won globally since launching in spring 2012, including; the Dewar Trophy from the Royal Automobile Club in Great Britain, a Breakthrough Award from Popular Mechanics magazine in the U.S and 2012 International Engine of The Year from Engine Technology International - won by the largest voting margin in the award's history.

The International Paul Pietsch Award has been presented annually for 24 years and is chosen by a jury of 30 Motorpresse Stuttgart Group editors-in-chief from 22 countries worldwide. Ford's groundbreaking EcoBoost engine was picked from a shortlist of 12 innovations and was praised for its class-leading fuel economy and emissions.

"This award goes to a technology that has made such an impact in the automotive world. The Ford 1.0-litre EcoBoost engine makes a real difference; it performs well, is great to drive, uses a very modern and light construction and it represents green technology," said Bernd Ostmann, Auto Motor und Sport publisher, at the award ceremony in Stuttgart.

The 1.0-litre EcoBoost is unlike any engine in Ford's history. Not only is it the company's first three-cylinder engine, but it debuts many new technologies never before seen in a Ford vehicle. These include an integrated exhaust manifold, variable oil pump, a split cooling system, an offset crankshaft and a small, highly-responsive turbocharger that spins up to 248,000 rpm.

The result of the 1.0-litre EcoBoost engine's advanced design is a quiet, smooth-running engine that develops roughly the same output as a traditional 1.6-litre four-cylinder petrol engine. Thanks to its high-tech, low-friction design, the 1.0-litre EcoBoost is able to deliver class-leading fuel economy of 4.8 l/100km (58.9 mpg) and CO2 emissions of 109g/km in the 100 PS version of the Ford Focus*.

"We are very proud that we have won this prestigious award recognising Ford's commitment to sustainability," said Bernhard Mattes, chairman of Ford of Germany, accepting the award. "Sustainability is a cornerstone of our business strategy and the 1.0-litre EcoBoost engine is an excellent example of affordable technology combined with high customer value and represents Ford's promise to Go Further."

The 1.0-litre EcoBoost is the junior member of Ford's growing global family of EcoBoost engines, which includes 1.6- and 2.0-litre four-cylinder, and two 3.5-litre V6 variants. Ford's award-winning EcoBoost technology combines direct fuel injection, turbocharging and variable valve timing to enable a downsized engine to reduce consumption by up to 20 percent over larger engines with no loss of performance.

The 1.0-litre EcoBoost engine is currently available in Europe in Fiesta, B-MAX, Focus and C-MAX models. 72,000 1.0-litre EcoBoost equipped Ford vehicles have been sold in Europe to-date, with 40 per cent of new Fiesta and B-MAX customers opting for the engine.

Ford last year confirmed that the 1.0-litre EcoBoost will make its North American debut in the new Ford Fiesta; equipped with the engine Fiesta is expected to be certified as the most fuel-efficient non-hybrid car in the U.S.

The multi-award-winning engine is also to be available in the all-new Mondeo in Europe and the EcoSport SUV that will be sold in Asia and South America. Built at Ford engine plants in Cologne, Germany and Craiova, Romania the 1.0-litre EcoBoost engine will be available in most of the global markets served by Ford.

# # #

* The stated fuel consumption and CO2 emissions are measured according to the technical requirements and specifications of the European Regulation (EC) 715/2007 as last amended. The results may differ from fuel economy figures in other regions of the world due to the different drive cycles and regulations used in those markets.

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 172,000 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's products, please visit www.ford.com.

Ford 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 117 B - -
Net income 2020 -573 M - -
Net cash 2020 4 892 M - -
P/E ratio 2020 -51,9x
Yield 2020 1,61%
Capitalization 37 159 M 37 159 M -
EV / Sales 2020 0,27x
EV / Sales 2021 0,21x
Nbr of Employees 190 000
Free-Float 98,0%
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Mean consensus HOLD
Number of Analysts 19
Average target price 9,21 $
Last Close Price 9,34 $
Spread / Highest target 39,2%
Spread / Average Target -1,34%
Spread / Lowest Target -47,5%
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NameTitle
James D. Farley President, Chief Executive & Operating Officer
William Clay Ford Executive Chairman
John T. Lawler Chief Financial Officer & Vice President
Jeff Lemmer Chief Information Officer & Vice President
Kenneth E. Washington Chief Technology Officer
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